secwatch.observer — SEC 8-K summary
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Issuer:     Flux Power Holdings, Inc. (FLUX)
CIK:        0001083743
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001493152-23-040097
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083743/000149315223040097/0001493152-23-040097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083743/000149315223040097/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-040097

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer