Flux Power Q2 FY2024 revenue record $18.3M (+7% YoY); gross margin 31% (up 700 bps); Adjusted EBITDA positive $0.3M

Flux Power Holdings, Inc.

2024-Q2 EPS reported -$0.18 revenue$33,141,000

Revenue record $18.3M, +7% YoY; gross profit $5.7M (+38%); gross margin 31%, up 700 bps from 24%.
Adjusted EBITDA positive $0.3M vs -$0.9M YoY; net loss improved 52% to $0.8M from $1.7M.
New orders record $26.6M in quarter; backlog $29.7M as of Feb 1, 2024; added 4 new customers.
Cash $1.6M at Dec 31; new $2M subordinated line with Cleveland Capital; credit facility increased to $16M.

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 0.9

Flux Power Holdings, Inc. reported fiscal second quarter ended December 31, 2023 results: revenue $18.3 million.

Period: fiscal second quarter ended December 31, 2023
Revenue: $18.3 million
Result: reported results

Exact text from the filing

Reports Fiscal Year 2024 Second Quarter Financial Results Operational Initiatives Result in Improvement in Gross Margins to 31% Revenue Increased 7% to Quarterly Record of $18.3 Million Adjusted EBITDA Improved to Positive $0.3M Moving Toward Cash Flow Breakeven Backlog was $29.7M as of February 1, 2024 Management to Host Conference Call Today at 4:30 p.m.

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Flux Power Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-005463

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