secwatch.observer — SEC 8-K summary
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Issuer:     Flux Power Holdings, Inc. (FLUX)
CIK:        0001083743
Form:       8-K
Filed at:   2023-09-21T23:59:59+00:00
Accession:  0001493152-23-033341
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 FY2023 revenue $66.3M (+57%), gross margin 26% (vs 17%), adjusted EBITDA loss narrows to $3.7M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083743/000149315223033341/0001493152-23-033341-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083743/000149315223033341/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-033341

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