Flux Power Holdings, Inc. reported the 2026 fiscal third quarter ended March 31, 2026 results: revenue $6.6 million, net income $3.2 million, EPS ($0.15) per share.
“reported financial and operational results for the 2026 fiscal third quarter ended March 31, 2026. Third Quarter and Recent Business Highlights ● Third quarter revenue was $6.6 million ● Implemented additional cost reduction actions, resulting in quarterly operating expenses decreasing 30% year-over-year ● Won Innovation in Sustainability Award at MODEX 2026”
Governance Changes
Flux Power Holdings, Inc.: Filed Second Amended and Restated Articles of Incorporation to increase authorized preferred shares from 500,000 to 3,000,000, grant Board authority to fix preferred stock rights, and designate 1,000,000 shares as Series A Convertible Preferred Stock (effective 2025-09-10).
“the Company filed a Second Amended and Restated Articles of Incorporation (the “Restated Articles”) with the Secretary of State of the State of Nevada (“Nevada Secretary of State”) to among other things, (i) increase the aggregate number of authorized shares of preferred stock from 500,000 to 3,000,000, $0.001 par value per share (“Preferred Stock”), (ii) grant the Board authority to fix the rights and preferences of the preferred stock by resolution from time to time, and (iii) designate 1,000,000 shares of Preferred Stock as “Series A Convertible Preferred Stock”, $0.001 par value per share (the “Series A Preferred Stock”)”
Listing & Compliance Notices
Flux Power Holdings, Inc. received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)(1)).
“July 31, 2025, the Company received a determination letter from the Staff notifying the Company that based on the Company’s most recent disclosure, the Company’s stockholders’ equity was ($4,372,000) as of March 31, 2025 and that the Staff had determined that the Company had not regained compliance with the Stockholders’ Equity Requirement. The Staff has informed the company that trading of the Company’s common stock will be suspended at the opening of business on August 11, 2025, unless the Company requests an appeal of the Staff’s determination to a Nasdaq Hearings Panel (the “Panel”). The C”
Ronald F. Dutt departed as Chief Executive Officer, President and Director at Flux Power Holdings, Inc..
“Mr. Dutt’s employment with the Company ended on March 31, 2025.”
Dale T. Robinette was appointed as Chairman of the Board at Flux Power Holdings, Inc..
“the Board appointed Mr. Dale T. Robinette as the new Chairman of the Board, effective March 10, 2025”
Krishna Vanka was appointed as director at 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”
Krishna Vanka was appointed as Chief Executive Officer and President at 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”
Ronald F. Dutt resigned as director at 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”
Ronald F. Dutt resigned as Chairman of the Board at 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”
Ronald F. Dutt resigned as Chief Executive Officer and President at 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”
Listing & Compliance Notices
Flux Power Holdings, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
“January 31, 2025, Flux Power Holdings, Inc. (the “Company”) received a notice (the “Notice”) from The NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company that based on its stockholders’ equity of $194,000 as reporte”
Auditor Changes
Flux Power Holdings, Inc. engaged Haskell & White LLP as its auditor.
“On January 6, 2025, the Audit Committee of the Company completed its selection process and approved the appointment of Haskell & White LLP (“Haskell & White”) as the Company’s independent registered public accounting firm for the year ending June 30, 2025”
Auditor Changes
Baker Tilly US, LLP resigned as auditor of Flux Power Holdings, Inc..
“On January 6, 2025, Flux Power Holdings, Inc. (the “Company,” “we,” or “us”) was notified by Baker Tilly US, LLP (“Baker Tilly”) that it would not stand for re-election as the Company’s independent registered public accounting firm upon completion of its audit for the fiscal year ended June 30, 2024.”
Ronald Dutt departed as Chairman and Chief Executive Officer at 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 Releases
Flux Power Holdings, Inc. reported fiscal third quarter ended March 31, 2024 results: revenue $14.5 million.
“30, 2023 $ 28,544,000 $ 8,102,000 $ 14,797,000 $ 21,849,000 December 31, 2023 $ 21,849,000 $ 26,552,000 $ 18,344,000 $ 30,057,000 March 31, 2024 $ 30,057,000 $ 4,030,000 $ 14,457,000 $ 19,630,000 CEO Commentary Continued “Looking ahead, we are highly focused on expanding sales and marketing initiatives to secure new customer relationships and support”
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