Industrial battery maker Flux Power's Q4 revenue beats on increased orders
Industrial battery maker Flux Power's Q4 revenue beats on increased orders
Overview
US lithium-ion battery maker's fiscal Q4 revenue rose 25% sequentially, beating analyst expectations
Adjusted loss per share for fiscal Q4 was smaller than expected
Outlook
Company expects cost reduction and efficiency initiatives to benefit results in fiscal 2027 and beyond
Result Drivers
INCREASED CUSTOMER ORDERS - Co said Q4 revenue rose due to higher customer orders and shipments into a new vertical market
COST REDUCTION INITIATIVES - Co attributed lower Q4 operating expenses to expense reduction and efficiency measures, including headcount reduction and streamlining operations
SUPPLY CHAIN OPTIMIZATION - Co said it took steps to optimize its supply chain and lower product costs to improve margins
Company press release: ID:nGNX8cbDDH
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $8.20 mln | $7.94 mln (3 Analysts) |
Q4 Adjusted Loss Per Share | Beat | $0.10 | $0.11 (3 Analysts) |
Q4 Net Loss |
| $2.30 mln |
|
Q4 Adjusted EBITDA | Miss | -$1.60 mln | -$1.41 mln (3 Analysts) |
Q4 Gross Profit |
| $2.30 mln |
|
Q4 Loss Per Basic Share |
| $0.11 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Flux Power Holdings Inc is $6.00, about 745.3% above its August 19 closing price of $0.71
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Aug 20 - TurnOnGreen Q2 revenue rises, helped by power electronics business
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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