secwatch.observer — SEC 8-K summary
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Issuer:     Flux Power Holdings, Inc. (FLUX)
CIK:        0001083743
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001493152-23-016380
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083743/000149315223016380/0001493152-23-016380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083743/000149315223016380/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-016380

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