Flux Power Q1 FY2023 revenue up 184% to record $17.8M; net loss narrows to $2.1M

Flux Power Holdings, Inc.

2024-Q1 EPS reported -$0.13 revenue$17,840,000

Revenue $17.8M (+184% YoY); gross profit $3.9M (+195%); gross margin 22% vs 21%.
Net loss $2.1M improved from $4.1M; Adj. EBITDA loss $1.5M vs $3.8M.
Customer backlog $26.9M; cash $0.3M; $5.4M total available credit from SVB facility and subordinated LOC.
Added two Fortune 500 customers; 17th consecutive YoY revenue growth quarter.
Strategic initiatives: in-house cell module production, improved supply chain, expanded customer base.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Flux Power Holdings, Inc. reported fiscal first quarter ended September 30, 2022 results: revenue $17.8 million.

Period: fiscal first quarter ended September 30, 2022
Revenue: $17.8 million
Result: reported results

Exact text from the filing

First Quarter Fiscal 2023 Revenue Increased 184% to a Record $17.8 Million

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Flux Power Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-031339

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