Flux Power delays Q2 10-Q; prelim net loss increase ~$1M vs prior year

Flux Power Holdings, Inc.

Company will miss deadline for Q2 FY2025 10-Q due to restatement delays and new auditor Haskell & White transition.
Preliminary estimate: net loss increase of approximately $1.0M for three months ended Dec 31, 2024 vs prior year.
Preliminary estimate: net loss increase of approximately $500K for six months ended Dec 31, 2024 vs prior year.
Increased admin expenses include restatement charges, severance, and CEO Ronald F. Dutt retirement accrual.
September 10-Q filing is also delayed; no estimated timeline provided for either quarterly filing.

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