GlobeNewswire·Nov 3, 2026, 4:05 PM ET

Flux Power Reports 2027 Fiscal First Quarter Financial Results

Flux Power Holdings reported $6.8 million in revenue for the 2027 fiscal first quarter ended September 30, 2026.
Operating expenses decreased by 22% year-over-year to $4.6 million due to headcount reductions and operational streamlining.
The company secured an order from its largest material handling customer who previously paused orders, alongside new orders via OEM partners.
Flux Power expanded into the Robotics market vertical with a global technology platform customer.
Three product innovations were announced, including integrated gas detection for battery safety, expanded material handling applications, and enhanced fleet intelligence features.
The company guided 2027 fiscal second quarter revenue to a range of $7 million to $8 million.
Gross profit for the quarter was $1.7 million (24.8% of revenue), down from $2.3 million in the prior quarter.
The company reported a net loss of $3.2 million, or $0.15 per share, compared to a net loss of $2.3 million in the prior quarter.
Adjusted EBITDA for the quarter was negative $2.6 million.
Cash on hand as of September 30, 2026, was $0.4 million, prompting an evaluation of potential financing alternatives.
The company highlighted risks regarding its ability to maintain compliance with Nasdaq listing standards, secure sufficient funding, and continue as a going concern.