Flux Power Holdings, Inc. Provides Financial Guidance for the Third Quarter of 2020
April 08, 2020 at 09:00 am EDT
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Flux Power Holdings, Inc. provided financial guidance for the third quarter of 2020. Based on preliminary figures, the company expects revenue of approximately $5 million for third quarter 2020, reflecting almost a 40% increase from second quarter 2020 prior quarter of $3.6 million. However, as a result of the increasing and evolving COVID-19 related risks and challenges that could negatively impact Flux Power’s business, the company is unable to predict the level of impact on its business and financial results for the fourth quarter and the remainder of the calendar year.
Flux Power Holdings, Inc. design, develop, manufacture, and sell a portfolio of advanced lithium-ion energy storage solutions for electrification of a range of industrial commercial sectors which include material handling, airport ground support equipment (GSE), and other commercial and industrial applications. The Companyâs modular and scalable design allows different configurations of lithium-ion battery packs to be paired with the Companyâs proprietary wireless battery management system to provide the level of energy storage required. The Company offers energy storage packs for use in a variety of industrial motive applications. The Companyâs has leveraged its Class 3 Walkie Pallet Pack design to develop energy storage packs for larger forklifts, GSE Packs, and other industrial equipment applications. Natural product extensions, based on its modular, scalable designs, include solar backup power for electric vehicle mobile charging stations and robotic warehouse equipment.
FLUX POWER HOLDINGS, INC. 
