---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-040097"
form_type: "8-K"
ticker: "FLUX"
cik: "0001083743"
company_name: "Flux Power Holdings, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:03:14.062327+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Flux Power Q1 revenue falls 17% to $14.8M but gross margin expands 700bps to 29%

## Summary
- Revenue of $14.8M, down 17% YoY, due to forklift timing delays and product mix.
- Gross profit up 9% to $4.3M; gross margin 29% vs 22% YoY, a 700bps improvement.
- Adjusted EBITDA loss narrowed 24% to -$1.2M; net loss $2.1M similar to prior year.
- Backlog (open orders) increased to $31M as of Nov 2, up $9.2M from Sep 30.
- Secured $15M credit facility (expandable to $20M) from Gibraltar Business Capital; terminated ATM.

## SEC filing metadata
- accession: 0001493152-23-040097
- form_type: 8-K
- ticker: FLUX
- cik: 0001083743
- company_name: Flux Power Holdings, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083743/000149315223040097/0001493152-23-040097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083743/000149315223040097/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-040097
- JSON: https://secwatch.observer/filing/0001493152-23-040097.json
- Plain text: https://secwatch.observer/filing/0001493152-23-040097.txt

## Key facts
- Earnings Releases
  Flux Power Holdings, Inc. reported fiscal first quarter ended September 30, 2023 results: revenue $14.8.
  - Period: fiscal first quarter ended September 30, 2023
  - Revenue: $14.8
  - Result: reported results
  source text: Key Financial FY 2024 First Quarter and Subsequent Operational Highlights and Business Update ($ millions) Q1 Comparison Q1 2024 Q1 2023 $ Change YoY % Change YoY Revenue $ 14.8 $ 17.8 $ -3.0 -17 % Gross Profit $ 4.3 $ 3.9 $ 0.4 9 % Gross Margin 29 % 22 % — 32 % Adjusted EBITDA $ -1.2 $ -1.5 $ 0.3 24 % ● Expansion of Margins Leading to Profitability
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083743/000149315223040097/0001493152-23-040097-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.