secwatch.observer — SEC 8-K summary
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Issuer:     Flux Power Holdings, Inc. (FLUX)
CIK:        0001083743
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001493152-24-005463
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 Q2 FY2024 revenue record $18.3M (+7% YoY); gross margin 31% (up 700 bps); Adjusted EBITDA positive $0.3M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083743/000149315224005463/0001493152-24-005463-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083743/000149315224005463/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-005463

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