Flux Power FY2023 revenue $66.3M (+57%), gross margin 26% (vs 17%), adjusted EBITDA loss narrows to $3.7M

Flux Power Holdings, Inc.

FY2023 revenue $66.3M (+57% YoY); gross profit $17.1M (+134%); gross margin 26% vs 17%.
Full-year net loss improved to $6.7M from $15.6M; adjusted EBITDA loss -$3.7M vs -$14.1M.
Q4 revenue $16.3M (+7% YoY); gross margin 27%; adjusted EBITDA loss -$0.6M.
Cash $2.4M at year-end; new $15M credit facility from Gibraltar Business Capital to replace SVB.
Added 8 new customers in FY2023, including 3 large fleets in Q4; backlog $28.5M.

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 0.95

Flux Power Holdings, Inc. reported fiscal full year ended June 30, 2023 results: revenue $66.3 million.

Period: fiscal full year ended June 30, 2023
Revenue: $66.3 million
Result: reported results

Exact text from the filing

Flux Power Reports Fiscal Full Year 2023 Financial Results Fiscal Full Year 2023 Revenue Increased 57% to $66.3 Million

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Flux Power Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-033341

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