Departed
Ronald F. Dutt
Chief Executive Officer, President and Director
FLUX ·
Flux Power Holdings, Inc.
Mr. Dutt’s employment with the Company ended on March 31, 2025.
Ready 8-Ks
39
Latest filing
May 18, 2026, 6:09 AM ET
Top materiality
0.85
Event mix
other_material ×12 · earnings ×8 · regulatory ×8
Sentiment
6 pos · 18 neg · 15 neu
Latest earnings
reported 2026-Q3
Executive change
recent →
Recent 8-K filings for FLUX
Highest-materiality recent filing
Flux Power receives Nasdaq delisting notice; equity deficit of $4.4M as of March 31
- Stockholders' equity was ($4,372,000) at March 31, 2025; failed to regain compliance with Nasdaq's $2.5M minimum.
- Trading in FLUX common stock to be suspended at open on August 11, 2025 unless appeal is filed by August 7.
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Flux Power enters $40M common stock purchase agreement with Roth Principal Investments
Up to $40M of common stock may be sold to Roth Principal Investments at Company's discretion over 36 months.
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Flux Power Q3 revenue $6.6M (down 60% YoY); net loss $3.2M; guides 20% sequential growth
Revenue $6.6M vs $16.7M YoY, driven by customer capital freeze and geopolitical tensions.
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Flux Power Holdings reports EBITDA covenant breach under loan agreement; $6.5M outstanding
Failed to meet minimum EBITDA covenant for trailing three months ended March 31, 2026 under Loan Agreement with Gibraltar Business Capital (GBC).
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All five director nominees elected: Krishna Vanka, Dale Robinette, Michael Johnson, Lisa Walters-Hoffert, Mark Leposky.
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Flux Power posts first-ever GAAP net income of $0.6M; revenue $14.1M, up 7.2% sequentially
Achieved positive GAAP net income of $0.6M ($0.03 EPS) vs prior quarter net loss of $2.6M ($0.15 loss per share).
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Preliminary approval granted for settlement of Pearl v. Dutt derivative action in S.D. California.
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Flux Power regains Nasdaq compliance after $9.2M public offering and $0.2M private placement
Received Nasdaq notification on Oct 14, 2025 that it regained compliance via market value of listed securities >= $35M.
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Flux Power Q1 revenue falls 18% to $13.2M; net loss widens to $2.6M
Revenue $13.2M vs $16.1M YoY; gross margin 28.6% vs 32.4%.
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Flux Power regains compliance with Nasdaq market value requirement; delisting risk reduced
Received Nasdaq notification on Oct. 14, 2025 that it met the $35M market value requirement (Market Equity Rule).
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Flux Power changes 2026 annual meeting to Dec 19, sets Oct 2 deadline for proposals
Board approved Dec 19, 2025 as date of 2026 annual meeting (advanced from spring); virtual meeting.
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Flux Power closes $5M private placement of pre-funded warrants and common warrants
Gross proceeds of $5.0M from sale of 258,144 Prefunded Warrants and 1,214,769 Common Warrants.
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Flux Power Q4 revenue up 25% to $16.7M; net loss narrows to $1.2M
Q4 revenue $16.7M (+25% YoY); gross margin 34.5% (up 760 bps from 26.9%).
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Authorized preferred stock increased from 500,000 to 3,000,000 shares; 1,000,000 shares designated as Series A Convertible Preferred.
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Flux Power amends loan with GBC: EBITDA minimums lowered, maturity extended to Sept 15, 2025
Modified EBITDA covenant: trailing 3-month minimums range from ($3,015,000) for Aug '25 to $64,000 by Jan '26.
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Shareholders voted 9,077,960 for and 1,337,126 against to increase authorized preferred stock from 500,000 to 3,000,000 shares and designate 1,000,000 shares as Series A Convertible Preferred Stock.
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Flux Power promotes Jeffrey Mason to COO; grants equity, adjusts CFO salary
Jeffrey C. Mason promoted from VP of Operations to COO effective Aug 1, 2025; salary remains $300,000.
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Flux Power receives Nasdaq delisting notice; equity deficit of $4.4M as of March 31
Stockholders' equity was ($4,372,000) at March 31, 2025; failed to regain compliance with Nasdaq's $2.5M minimum.
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Cleveland Capital $2M subordinated note due date extended from Aug 15, 2025 to Sept 30, 2025; Cleveland holds 7.3% of FLUX shares.
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Flux Power agrees to sell up to $5M in Prefunded Warrants, initial $2.9M
Initial $2.9M from accredited investors via Prefunded Warrants at $19.369 each; total offering up to $5M.
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Flux Power settles class action for $1.75M; insurers to fund $1.15M
Settlement term sheet signed July 11, 2025 to resolve Kassam v. Flux Power Holdings class action (Case No. 3:25-cv-00113-JO-DDL).
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Flux Power shareholder vote increases authorized common to 75M; preferred share increase fails
Stockholders approved increase in authorized common shares from 30M to 75M (13.66M votes for).
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Flux Power Q3 revenue up 16% to $16.7M; net loss narrows to $1.9M
Revenue $16.7M (+16% YoY), gross margin 32% (up 374 bps).
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Flux Power ex-CEO Dutt receives $386K severance; employment ended March 31
Separation agreement with former CEO Ronald F. Dutt; employment and directorship ended March 31, 2025.
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Flux Power reports Q1 revenue up 9%, Q2 down 8%; CEO change; backlog $19.5M
Q1 FY2025 revenue $16.1M (+9% YoY), gross margin 32% vs 29%; net loss $1.7M vs $2.2M loss.
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Flux Power appoints Krishna Vanka as CEO; founder Ron Dutt retires
Ron Dutt resigned as CEO, President, Chairman effective March 10, 2025; receives $386K severance plus health benefits.
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Flux Power receives additional Nasdaq non-compliance notice for late 10-Q filings
Received notice for failure to file Dec 31, 2024 10-Q; also still delinquent on Sep 30, 2024 10-Q.
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Flux Power delays Q2 10-Q; prelim net loss increase ~$1M vs prior year
Company will miss deadline for Q2 FY2025 10-Q due to restatement delays and new auditor Haskell & White transition.
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Flux Power receives Nasdaq delisting notice for equity deficiency
Stockholders' equity of $194,000 as of June 30, 2024, below $2.5M minimum required by Nasdaq Listing Rule 5550(b)(1).
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Flux Power confirms Haskell & White as new auditor for FY 2025; prior auditor Baker Tilly done
Audit Committee approved Haskell & White on Jan 6, 2025; engagement letter executed Jan 29, 2025.
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Flux Power FY2024 revenue down 8.5% to $60.8M, restates financials, CEO to retire
Revenue $60.8M (-8.5% YoY); net loss $8.3M vs $7.7M; adjusted EBITDA loss improved to $4.0M from $4.7M.
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Flux Power amends EBITDA covenant with Gibraltar, sets negative minimums
Sets minimum EBITDA for trailing three-months ending Dec 2024 at ($1,324,400); July 2025 at ($655,700).
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Flux Power's auditor Baker Tilly not to stand for re-election; Haskell & White appointed
Baker Tilly notified it will not stand for re-election as auditor; will complete FY2024 audit before ceasing.
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Nasdaq warns Flux Power for late 10-K, 10-Q; must submit compliance plan by Dec 16, 2024
Received Nasdaq deficiency notice on Nov 20, 2024 for failing to file FY2024 10-K (due Sept 30) and Q1 FY2025 10-Q (due Nov 15).
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Flux Power CEO Ron Dutt to retire upon successor appointment
Ron Dutt notified board of intention to retire as Chairman and CEO upon appointment of successor.
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Noncash inventory write-downs now estimated at $4.4M plus $0.5M in warranty adjustments, totaling ~$4.9M vs. prior disclosure of $1.7M.
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On October 16, 2024, Nasdaq notified Flux Power it failed to file Form 10-K for year ended June 30, 2024 (Rule 5250(c)(1)).
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Flux Power restates FY2023 and FY2024 interim financials due to $1.7M inventory write-down
Approximately $1.2M excess/obsolete inventory not properly reserved due to battery cell supplier change; $0.5M loaner packs misclassified as finished goods.
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Covenant permits negative EBITDA through Q4 2024 (-$1.67M to -$449k) then positive from Q1 2025 ($153k to $1.44M trailing).
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Flux Power reports Q3 FY2024 revenue down 4% YoY, net loss widens to $2.6M
Revenue $14.5M (-4% YoY), gross margin 30% (down 100bps), net loss $2.6M vs $1.4M loss.
Executive changes
Departed
Ronald F. Dutt
Chief Executive Officer and President
FLUX ·
Flux Power Holdings, Inc.
On March 10 2025, Mr. Ronald F. Dutt notified the board of directors (the “Board”) of Flux Power Holdings, Inc. (the “Company”) of his decision to retire and resign from his position as director, Chairman of the Board, Chief Executive Officer and President of the Company and its wholly owned subsidiary, Flux Power, Inc. (“Flux Power”), effective March 10, 2025
Appointed
Dale T. Robinette
Chairman of the Board
FLUX ·
Flux Power Holdings, Inc.
the Board appointed Mr. Dale T. Robinette as the new Chairman of the Board, effective March 10, 2025
Appointed
Krishna Vanka
director
FLUX ·
Flux Power Holdings, Inc.
the Board appointed Mr. Krishna Vanka as the director, Chief Executive Officer and President of the Company and Flux Power, effective March 10, 2025
Departed
Ronald F. Dutt
director
FLUX ·
Flux Power Holdings, Inc.
On March 10 2025, Mr. Ronald F. Dutt notified the board of directors (the “Board”) of Flux Power Holdings, Inc. (the “Company”) of his decision to retire and resign from his position as director, Chairman of the Board, Chief Executive Officer and President of the Company and its wholly owned subsidiary, Flux Power, Inc. (“Flux Power”), effective March 10, 2025
Appointed
Krishna Vanka
Chief Executive Officer and President
FLUX ·
Flux Power Holdings, Inc.
the Board appointed Mr. Krishna Vanka as the director, Chief Executive Officer and President of the Company and Flux Power, effective March 10, 2025
Departed
Ronald F. Dutt
Chairman of the Board
FLUX ·
Flux Power Holdings, Inc.
On March 10 2025, Mr. Ronald F. Dutt notified the board of directors (the “Board”) of Flux Power Holdings, Inc. (the “Company”) of his decision to retire and resign from his position as director, Chairman of the Board, Chief Executive Officer and President of the Company and its wholly owned subsidiary, Flux Power, Inc. (“Flux Power”), effective March 10, 2025
Departed
Ronald Dutt
Chairman and Chief Executive Officer
FLUX ·
Flux Power Holdings, Inc.
On November 20, 2024, the Chairman and Chief Executive Officer of Flux Power Holdings, Inc. (the “Company or “Flux Power”), Ronald Dutt, notified the Company’s Board of Directors (the “Board”) that he intends to retire from his positions upon the appointment of a successor.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.85 · Median 0.70 · Most common event other_material