secwatch.observer — SEC 8-K summary
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Issuer:     Flux Power Holdings, Inc. (FLUX)
CIK:        0001083743
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001493152-23-004059
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flux Power Q2 FY2023 revenue up 123% to $17.2M; gross margin expands to 24%
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- Revenue $17.2M vs $7.7M YoY (+123%); gross profit $4.1M (+294%); gross margin 24% vs 14%.
- Net loss narrowed to $1.7M from $5.1M; adjusted EBITDA loss $0.9M vs $1.5M prior quarter.
- Backlog $30.4M, up from $26.9M prior quarter; new orders $20.7M in Q2.
- Credit facility with Silicon Valley Bank increased from $8M to $14M to support working capital.
- Cash $0.2M; net cash used in operations improved to $1.3M from $11.0M YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083743/000149315223004059/0001493152-23-004059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083743/000149315223004059/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-004059

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