debt
confidence high
sentiment negative
materiality 0.55
Flux Power amends loan EBITDA covenant with GBC; negative EBITDA allowed through 2024, positive from Jan 2025
Flux Power Holdings, Inc.
- Covenant permits negative EBITDA through Q4 2024 (-$1.67M to -$449k) then positive from Q1 2025 ($153k to $1.44M trailing).
- Company paid $50,000 amendment fee to Gibraltar Business Capital on May 31, 2024.
- Covenant applies only during Financial Covenant Trigger Periods.