Flux Power Holdings Inc logo

FLUX - Flux Power Holdings Inc News Story

$8.53 -0.4  -4.7%

Last Trade - 14/05/21

Sector
Industrials
Size
Small Cap
Market Cap £80.9m
Enterprise Value £80.3m
Revenue £15.9m
Position in Universe 5019th / 6851

BUZZ-Flux Power Holdings: Jumps after quarterly revenue doubles

Mon 28th September, 2020 9:57pm
** Shares of Flux  FLUX.O , the maker of rechargeable
lithium-ion batteries for lift trucks and airport ground support
equipment, jump 44% to $7.77 in extended trading
    ** Stock is set to open at a near two-month high and post
its biggest one day pct gain in over two years
    ** Says Q4 revenue surges 107% to $6.3 mln, helped by sales
of larger battery packs for forklifts and electric trucks, while
net loss narrows to $3.2 mln from $3.3 mln  urn:newsml:reuters.com:*:nBw4hd1hba
    ** FLUX says expects revenue growth to continue its FY20
momentum in FY21, with Q1 being a lower growth quarter compared
with the prior two quarters
    ** Stock has fallen about 41% YTD

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))
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