secwatch.observer — SEC 8-K summary
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Issuer:     Flux Power Holdings, Inc. (FLUX)
CIK:        0001083743
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001493152-22-031339
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083743/000149315222031339/0001493152-22-031339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083743/000149315222031339/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-031339

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