Flux Power increases estimated inventory write-downs to $4.9M, restating FY2023 and FY2024 interim results

Flux Power Holdings, Inc.

Noncash inventory write-downs now estimated at $4.4M plus $0.5M in warranty adjustments, totaling ~$4.9M vs. prior disclosure of $1.7M.
Restating previously issued financial statements for FY2023 and interim FY2024 periods; 10-K and Q1 2025 10-Q filings delayed.
CEO Ron Dutt says company continues to execute on strategy, aiming for profitability through innovation and cost discipline.
Previously on Sept 5, 2024, company had identified $1.7M of excess/obsolete inventory; revised estimate significantly higher.

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