Flux Power Holdings, Inc. reported a revenue increase of 9% for the fiscal year ending June 30, 2025, totaling $66.4 million compared to $60.8 million in the previous year. The company attributed this growth to heightened demand in both the material handling and airport ground support equipment (GSE) markets, particularly driven by increased unit demand for private label walkie packs and new customer acquisitions. Despite the revenue growth, Flux Power recorded a net loss of $6.7 million, an improvement from the $8.3 million loss reported in fiscal 2024, primarily due to enhanced gross profit margins resulting from manufacturing efficiencies and cost-saving initiatives.
The company experienced operational challenges, including delays in new orders linked to deferrals of forklift purchases by large customer fleets, attributed to lower capital spending and economic uncertainties. These factors necessitated additional selling strategies to maintain sales trajectories. As of June 30, 2025, Flux Power's backlog stood at approximately $9.9 million, down from $16.9 million the previous year, reflecting the impact of order deferrals and the need for strategic adjustments in response to market conditions.
In terms of strategic developments, Flux Power has made significant strides in enhancing its product offerings and operational capabilities. The company introduced new designs aimed at improving manufacturing efficiency and serviceability, including the G96 battery system for the aviation industry. Additionally, Flux Power has expanded its partnerships, including a collaboration with a major battery recycling company, reinforcing its commitment to environmental responsibility. The company also added a second tier-one OEM private label battery program, marking a milestone for its S-Series line.
Flux Power's workforce decreased to 99 employees as of August 31, 2025, down from 101 employees a year prior, reflecting cost-reduction measures amid ongoing financial challenges. The company has also faced compliance issues with Nasdaq listing requirements, having received notices regarding its stockholders' equity and timely filing of financial reports. Following a recent private placement that raised $5 million, Flux Power is working to regain compliance and stabilize its financial position.
Looking ahead, Flux Power's management expressed cautious optimism about future growth, contingent on improving market conditions and successful execution of its strategic initiatives. The company aims to leverage its existing backlog and enhance gross margins while navigating the uncertainties posed by global tariffs and economic fluctuations. However, management acknowledged the need for additional capital to support operations and growth, emphasizing the importance of maintaining operational flexibility in a challenging market environment.
About Flux Power Holdings, Inc.
Flux Power Holdings designs and manufactures advanced lithium-ion energy storage solutions for industrial and commercial sectors, including material handling and airport ground support equipment. Its scalable, modular batteries and proprietary management systems offer environmentally friendly, high-performance alternatives to lead acid and propane solutions. Serving OEMs, dealers, and end users, the company emphasizes innovation, safety, and reliability to capture growing demand in the evolving energy storage market.
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