Flux Power Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 11, 2023 at 04:06 pm EDT
Share
Flux Power Holdings, Inc. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was USD 15.09 million compared to USD 13.18 million a year ago. Net loss was USD 1.45 million compared to USD 3.75 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.23 a year ago.
For the nine months, sales was USD 50.09 million compared to USD 27.14 million a year ago. Net loss was USD 5.27 million compared to USD 12.96 million a year ago. Basic loss per share from continuing operations was USD 0.33 compared to USD 0.85 a year ago.
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. 
