Flux Power Q3 FY2023 revenue $15.1M (+14% YoY); gross margin expands to 31%

Flux Power Holdings, Inc.

2024-Q3 EPS reported -$0.33 revenue$50,085,000

Gross profit up 146% to $4.7M; gross margin 31% vs 15% a year ago.
Net loss narrowed to $1.4M from $3.7M; adjusted EBITDA loss down 80% to $0.7M.
Customer order backlog $25.0M as of March 31, 2023; added 2 large fleet customers.
Renewed $14M credit facility with Silicon Valley Bank (First Citizens) for working capital.
Opened new Atlanta facility to improve service logistics and response times.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Flux Power Holdings, Inc. reported fiscal third quarter ended March 31, 2023 results: revenue $15.1 million.

Period: fiscal third quarter ended March 31, 2023
Revenue: $15.1 million
Result: reported results

Exact text from the filing

Revenue for the fiscal third quarter of 2023 increased by 14% to $15.1 million compared to $13.2 million in the fiscal third quarter of 2022, driven by increased sales volumes and models with higher selling prices, including greater sales to existing and new customers.

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Source: SEC EDGAR

accession 0001493152-23-016380

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