FLUX

This article first appeared on GuruFocus. Revenue (Q4 FY2026): $8.2 million, up 25% sequentially from $6.6 million in Q3 FY2026, but down from $16.7 million in Q4 FY2025. Revenue (Full Year FY2026): $42.1 million, compared to $66.4 million in FY2025. Gross Margin (Q4 FY2026): 27.4%, compared to 27.3% in the prior quarter and 34.5% in Q4 FY2025. Gross Margin (Full Year FY2026): 30.2%, compared to 32.7% in FY2025. Operating Expenses (Q4 FY2026): $4.4 million, down from $4.8 million in the prior quarter and $6.5 million in Q4 FY2025. Operating Expenses (Full Year FY2026): $19.2 million, down from $26.8 million in FY2025. Net Loss (Q4 FY2026): $2.3 million, or $0.11 per share, compared to a net loss of $3.2 million ($0.15 per share) in the prior quarter and a net loss of $1.2 million ($0.07 per share) in Q4 FY2025. Net Loss (Full Year FY2026): $7.4 million, or $0.38 per share, compared to a net loss of $6.7 million ($0.40 per share) in FY2025. Non-GAAP Net Loss (Q4 FY2026): $2.1 million, or $0.10 per share, compared to $2.9 million ($0.14 per share) in the prior quarter and $0.1 million ($0.01 per share) in Q4 FY2025. Non-GAAP Net Loss (Full Year FY2026): $6.5 million, or $0.33 per share, compared to $2.8 million ($0.17 per share) in FY2025. Adjusted EBITDA (Q4 FY2026): Negative $1.6 million, compared to negative $2.5 million in the prior quarter and positive $0.5 million in Q4 FY2025. Adjusted EBITDA (Full Year FY2026): Negative $4.5 million, compared to negative $0.1 million in FY2025. Cash and Cash Equivalents: $0.3 million at the end of Q4 FY2026, compared to $0.4 million in the prior quarter. Revenue Guidance (Q1 FY2027): Expected to be in the range of $6 million to $7 million. Revenue Guidance (Q2 FY2027): Expected to rebound to a range of $8 million to $9 million. Warning! GuruFocus has detected 5 Warning Signs with FLUX. Is FLUX fairly valued? Test your thesis with our free DCF calculator. Release Date: August 20, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Fourth quarter revenue increased 25% sequentially, slightly exceeding expectations. Operating expenses reduced by 33% in Q4 and 28% for the full year, reflecting successful cost-cutting measures. Entered a new robotics vertical with a large global technology company, with 70 batteries deployed for testing and potential full-scale production in the next quarter or two. Received official certification from Hyster-Yale for all Class 1, 2, and 3 forklifts, expanding market access to top four OEMs representing over 60% of the North American market. Launched AI-driven Sky EMS 3.0, enhancing product differentiation and enabling future recurring software revenue streams. Fourth quarter revenue declined significantly year-over-year (from $16.7 million to $8.2 million) due to a major customer's capital freeze and broader economic disruptions. Gross margin decreased to 27.4% in Q4 and 30.2% for the full year, down from 34.5% and 32.7% respectively, due to product mix, tariffs, and lower operating leverage. Net loss for the full year 2026 widened to $7.4 million from $6.7 million in 2025, with adjusted EBITDA remaining negative. Cash position is very low at $0.3 million, raising liquidity concerns. First quarter fiscal 2027 revenue is expected to decline to $6-7 million, indicating continued near-term weakness. Q: What is the outlook for the robotics vertical, and how significant could this new customer become for Flux Power?A: CEO Krishna Vanka stated that the company is collaborating with a large global technology platform company on robotics. They have already deployed over 70 of Flux's UL-certified standard batteries (model C48) for testing. If testing is successful and moves to full-scale production, this could become a marquee customer with significant revenue potential over multiple years, not just a few quarters. CFO Kevin Royal added that at scale, this customer could represent hundreds of batteries per year, with an ASP of roughly $10,000 per battery. Q: Can you provide an update on the status of the largest material handling customer that has been navigating a capital freeze?A: CEO Krishna Vanka confirmed that the partnership remains strong and communication is constant. The customer is currently working on planning for the next fiscal or calendar year. While the company is awaiting positive news, they see encouraging signs and expect business with this valued customer to resume in the future. Q: What is the revenue and gross margin outlook for the near term, given the current order patterns?A: CFO Kevin Royal provided guidance for Q1 FY2027, expecting revenue to be down in the range of $6 million to $7 million, with a rebound in Q2 to $8 million to $9 million. Regarding gross margins, he noted that there may be slight degradation before revenues pick back up, but expects margins to return above 30% and into the mid-30s range once the company achieves a quarterly run rate of $12 million to $14 million. Q: How is the new Sky EMS 3.0 platform being deployed, and what is the strategy for generating revenue from it?A: CEO Krishna Vanka explained that Sky EMS 3.0 is a fundamental redesign with AI-powered intelligence and predictive analytics. It is currently being deployed as a default option with 100% of GSE batteries and is being rolled out to material handling customers. The strategy is to attach the software to hardware sales to deepen customer engagement and retention, rather than selling it as a standalone product. This positions Flux as a technology company and lays the foundation for future recurring software revenue. Q: What is the new VP of Sales' strategy for accelerating growth in the material handling segment?A: Stu Jakover, VP of Sales for Material Handling, outlined a hybrid go-to-market strategy. While the dealer network remains central, he plans to build a direct enterprise sales engine to target large fleet operators with hundreds or thousands of forklifts. He emphasized leveraging his existing relationships and the company's differentiators, particularly its end-of-life recycling program with certified partners and written take-back guarantees, which is a significant advantage for corporate customers with sustainability initiatives. Q: Can you provide an update on the OEM partnership programs and the recent Hyster-Yale certification?A: CEO Krishna Vanka announced that Flux received official certification from Hyster-Yale Material Handling for all Class 1, 2, and 3 forklifts, which represented $3.5 billion in Hyster-Yale's FY2025 revenue. This certification significantly expands market access and validates the technology. Additionally, one white-label OEM customer increased its yearly order commitment by 50%, marking the first time such a commitment was secured. Flux is now selling to the top four OEMs, which account for over 60% of the North American market. Q: What is the status of the follow-on orders from the Global Cargo Airliner customer mentioned on the last call?A: Stu Jakover confirmed that the initial order of approximately $1.2 million has been delivered. The company is actively involved in several other open projects with this customer, though these additional opportunities are not yet secured. The outlook for follow-on business is viewed favorably. Q: What is the current state of demand in the airport ground equipment (GSE) market?A: CEO Krishna Vanka noted that the airline industry has been impacted by higher fuel costs in recent quarters. However, the company is seeing renewed interest from customers to start buying equipment again through its partners. All signals point to an uptick in airline business over the next two to three quarters. Q: How are the cost-cutting initiatives impacting the financials, and what is the path to profitability?A: CFO Kevin Royal highlighted that operating expenses decreased by 33% in Q4 FY2026 compared to the prior year quarter, and by 28% on a full-year basis. These reductions were driven by headcount reductions, cost containment, and efficiency measures. The company is focused on achieving profitable growth as broader economic conditions improve and revenue returns to higher levels, with gross margins expected to improve above the $12 million to $14 million quarterly revenue threshold. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance was impacted by a continued capital freeze at the company's most significant material handling customer, though management maintains the partnership remains strong. Macroeconomic disruptions, specifically tariffs and higher fuel prices, created headwinds for both the material handling and ground service equipment (GSE) segments. Management executed a 33% reduction in operating expenses year-over-year through headcount reductions, cost containment, and broader efficiency measures to align with lower volumes. The company is shifting from a hardware-only focus to a technology-driven model with the launch of SkyEMS 3.0, an AI-powered energy management platform designed to increase customer retention and create recurring revenue. A new hybrid sales strategy was introduced, combining the traditional dealer network with a new direct enterprise sales engine to target large fleet operators. Strategic diversification is underway with a new entry into the robotics vertical, collaborating with a global technology platform company for large-scale production testing. Q1 2027 revenue is expected to decline to a range of $6 million to $7 million, followed by a projected rebound in Q2 to between $8 million and $9 million. Gross margins are expected to face near-term degradation due to lower volumes before recovering toward the 30% to mid-30% range once quarterly revenue exceeds $12 million to $14 million. The robotics initiative is expected to move toward full-scale production in Q1 or Q2 of fiscal 2027, potentially reaching hundreds of units per year. Management anticipates renewed order activity from the airline industry over the next two to three quarters as fuel price pressures potentially stabilize. Future profitability is dependent on five strategic pillars: profitable growth, operational efficiency, solution selling, product innovation, and software-driven recurring revenue. Achieved official certification from Hyster-Yale for Class I, II, and III forklifts, opening access to a segment representing $3.5 billion in 2025 sales revenue. One OEM white label customer increased their annual order commitment by 50%, validating the company's OEM partnership program. The company now serves the top four OEMs, which collectively represent more than 60% of the North American material handling market. A formal end-of-life recycling program with a written take-back guarantee was highlighted as a key competitive differentiator for sustainability-focused enterprise accounts. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. The platform is currently being deployed as a default option for all new airline customer batteries and is being rolled out to significant material handling clients. While currently bundled with hardware sales to drive energy management efficiency, management sees potential for it to evolve into a standalone software product. Flux Power is supplying its UL-certified C48 battery model to a major tech company, with an estimated average selling price (ASP) of $10,000 per unit. Initial testing involves 70 batteries, with the potential to scale to hundreds of units annually if production testing is successful. Management is in constant communication and reports the customer is currently planning for the next calendar year. While no firm date was given, management indicated they are seeing positive signs and expect news 'pretty soon'. Meaningful margin expansion above 30% requires a quarterly revenue run rate between $12 million and $14 million. Near-term margins will likely degrade slightly due to unabsorbed labor and overhead during the projected Q1 revenue dip.

VISTA, Calif., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Flux Power Holdings, Inc. (NASDAQ: FLUX) (“Flux Power” or the “Company”), a leading developer of advanced lithium-ion energy storage solutions and fleet intelligence technology, today reported financial and operational results for the 2026 fiscal fourth quarter and full fiscal year ended June 30, 2026. 2026 Fiscal Fourth Quarter and Recent Business Highlights Revenue for the 2026 fiscal fourth quarter reached $8.2 million Operating expenses for the 2026 fiscal fourth quarter decreased by approximately 33% from the 2025 fiscal fourth quarter Released SkyEMS® 3.0 with AI-powered insights, predictive analytics and customizable dashboards Appointed industry veteran, Stu Jacover, as Vice President of Sales for Material Handling to expand the Company’s sales and marketing efforts CEO Commentary“Fourth quarter revenue increased 25% sequentially, slightly ahead of the expectations we conveyed on last quarter’s call due to increased customer orders and shipments into a new vertical market,” commented Krishna Vanka, Flux Power’s CEO. “To improve our overall cost structure, we executed decisive expense reduction and efficiency initiatives over the past year that resulted in a 30% reduction in fourth quarter operating expenses compared to the prior year quarter. “We also took steps to aggressively optimize our supply chain, lower product costs, and advance product redesign efforts aimed at improving margins. We further strengthened our go-to-market capabilities with the addition of Stu Jacover as Vice President of Sales for Material Handling and launched new marketing programs to diversify our customer base. We also achieved a major platform milestone with the launch of SkyEMS® 3.0 featuring AI-driven, advanced fleet management capabilities that position Flux Power as a differentiated technology provider. Initial customer feedback on this tool has been quite favorable. We also achieved certification with a new major OEM during the quarter, which we believe increases our addressable market within Material Handling. “The Company has faced a number of headwinds during my first eighteen months as CEO, which in turn led us to reassess our business priorities and implement changes that we expect to benefit us in fiscal 2027 and beyond. With a leaner cost structure, a refreshed sales leadership team, expanding OEM relationships and upgraded offerings in place, I believe we are well positioned to deliver renewed growth and accelerate our path to profitability as broader economic conditions improve.” 2026 Fiscal Fourth Quarter and Full Year Financial ResultsRevenue for the 2026 fiscal fourth quarter was $8.2 million, compared to $6.6 million in the prior quarter and $16.7 million in the same quarter a year ago. Revenue for the full 2026 fiscal year was $42.1 million, compared to $66.4 million in fiscal 2025. Gross profit for the 2026 fiscal fourth quarter was $2.3 million, or 27.4% of revenue, compared to $1.8 million, or 27.3% of revenue, in the prior quarter and $5.8 million, or 34.5% of revenue, in the same quarter a year ago. Gross profit for the full 2026 fiscal year was $12.7 million, or 30.2% of revenue, compared to $21.7 million, or 32.7% of revenue, in fiscal 2025. Operating expenses for the 2026 fiscal fourth quarter were $4.4 million, compared to $4.8 million in the prior quarter and $6.5 million in the same quarter a year ago. Full 2026 fiscal year operating expenses were $19.2 million, compared to $26.8 million in fiscal 2025. The decrease in operating expenses primarily reflects previous actions taken to reduce headcount and streamline the Company’s operating model as well as the fact that fiscal 2025 included costs of $2.9 million associated with the restatement of previously issued financial statements. Operating loss for the 2026 fiscal fourth quarter was $2.1 million, compared to an operating loss of $3.0 million in the prior quarter and an operating loss of $0.8 million in the same quarter a year ago. The full 2026 fiscal year operating loss was $6.5 million compared to an operating loss of $5.0 million in fiscal 2025. Excluding costs associated with stock-based compensation, the 2026 fiscal fourth quarter non-GAAP operating loss was $1.9 million, compared to a non-GAAP operating loss of $2.8 million in the prior quarter and non-GAAP operating income of $0.3 million in the same quarter a year ago, which also excluded costs associated with the multi-year restatement of previously issued financial statements. The full 2026 fiscal year non-GAAP operating loss was $5.5 million, compared to a non-GAAP operating loss of $1.1 million in fiscal 2025.   Net loss for the 2026 fiscal fourth quarter was $2.3 million, or ($0.11) per share, compared to a net loss of $3.2 million, or ($0.15) per share, in the prior quarter and a net loss of $1.2 million, or ($0.07) per share, in the same quarter a year ago. Net loss for the full 2026 fiscal year was $7.4 million, or ($0.38) per share, compared to net loss of $6.7 million, or ($0.40) per share, in fiscal 2025. Excluding the above-referenced stock-based compensation costs, the 2026 fiscal fourth quarter non-GAAP net loss was $2.1 million, or ($0.10) per share, compared to a non-GAAP net loss of $2.9 million, or ($0.14) per share, in the prior quarter and a non-GAAP net loss of $0.1 million, or ($0.01) per share, in the same quarter a year ago, which also excluded the above-referenced restatement costs. The full 2026 fiscal year non-GAAP net loss was $6.5 million, or ($0.33) per share, compared to a non-GAAP net loss of $2.8 million, or ($0.17) per share, in fiscal 2025, which also excluded the above-referenced restatement costs. Adjusted EBITDA for the 2026 fiscal fourth quarter was negative $1.6 million, compared to negative $2.5 million in the prior quarter and positive $0.5 million in the same quarter a year ago. Adjusted EBITDA for the full 2026 fiscal year was negative $4.5 million, compared to negative $0.1 million in fiscal 2025. Balance SheetCash as of June 30, 2026 was $0.3 million, compared to $0.4 million as of March 31, 2026. Conference CallFlux Power will host a conference call on Thursday, August 20, 2026 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss its 2026 fiscal fourth quarter and full year financial results. To access the call, please use the following information: Date: Thursday, August 20, 2026Time: 1:30 p.m. Pacific Time | 4:30 p.m. Eastern TimeToll-free dial-in number: 1-833-630-1956International dial-in number: +1-412-317-1837 Additionally, this conference call will be broadcast live over the Internet and can be accessed by all interested parties on the News & Events section of the Company’s Investor Relations website. For those unable to participate during the live broadcast of the conference call, a telephone replay will be available approximately two hours after the conference call and accessible through August 27, 2026. The replay dial-in number is 1-855-669-9658, and the access code 5602016. International callers should dial +1-412-317-0088 and enter the same pass code. Additionally, a replay of the webcast will be available on Flux Power’s Investor Relations website for approximately 90 days. Non-GAAP Financial MeasuresFlux Power has presented in this release certain financial information in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) and also on a non-GAAP basis, including non-GAAP operating income (loss), non-GAAP net loss, non-GAAP net loss per share, and adjusted EBITDA. Management believes that these non-GAAP financial measures, when viewed with Flux Power’s results under GAAP and the accompanying reconciliations, provide useful information about Flux Power’s period-over-period results. These non-GAAP financial measures are presented because management believes they provide additional information with respect to the performance of Flux Power’s fundamental business activities and adjusted EBITDA is frequently used by securities analysts, investors and other interested parties in the evaluation of comparable companies. Flux Power also relies on adjusted EBITDA as a primary measure to review and assess the operating performance of the Company and its management team. These non-GAAP financial measures should not be considered in isolation from, or construed as a substitute for, financial measures determined in accordance with GAAP for the purpose of analyzing Flux Power’s operating performance or financial position. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the tables at the end of this release. About Flux PowerFlux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling and airport ground support equipment (GSE). Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com. Forward-Looking StatementsThis release contains projections and other “forward-looking statements” relating to Flux Power’s business, that are often identified using “believes,” “expects” or similar expressions. Forward-looking statements include, but are not limited to, statements regarding Flux Power’s expectations with respect to revenue growth, profitability and its addressable market, the potential benefits of Flux Power’s new Vice President of Sales for Material Handling and quotes from management. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Accordingly, forward-looking statements are not guarantees of future results. Some of the important factors that could cause Flux Power’s actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: Flux Power’s ability to amend its agreement with Gibraltar Business Capital, LLC and its continued access to its credit facility thereunder; Flux Power’s ability to secure sufficient funding to support its current and proposed operations; Flux Power’s ability to continue as a going concern; Flux Power’s ability to meet projected revenue targets and generate sufficient cash from operations; Flux Power’s ability to regain compliance with and continue to meet the continued listing standards of the Nasdaq Stock Market; the impact of tariffs on Flux Power’s ability to cost-effectively source battery packs and materials used in its products; Flux Power’s ability to obtain raw materials and other supplies for its products at existing or competitive prices and on a timely basis; Flux Power’s anticipated growth strategies and its ability to manage the expansion of its business operations effectively; Flux Power’s ability to maintain or increase its market share in the competitive markets in which it does business; Flux Power’s ability to grow its revenue, increase its gross profit margin and become a profitable business; Flux Power’s ability to fulfill its backlog of open sales orders due to delays in the receipt of key component parts and other potential manufacturing disruptions; Flux Power’s ability to keep up with rapidly changing technologies and evolving industry standards, including its ability to achieve technological advances; Flux Power’s dependence on the growth in demand for its products; Flux Power’s ability to compete with both peers and larger companies with far greater resources than it; Flux Power’s ability to reduce production costs of its product line through new designs, manufacturing and supply arrangements; Flux Power’s ability to shift to new suppliers and incorporate new components into its products in a manner that is not disruptive to its business; Flux Power’s ability to obtain and maintain UL Listings and OEM approvals for its energy storage solutions; Flux Power’s ability to diversify its product offerings and capture new market opportunities; Flux Power’s ability to source its needs for skilled labor, machinery, parts, and raw materials economically; Flux Power’s ability to retain and/or successfully recruit key members of its senior management team; Flux Power’s ability to diversify its customer base to reduce its current dependence on a few major customers; and the expense, timing and outcome of legal proceedings relating to Flux Power’s accounting practices, financial disclosures and employment policies and practices, investigations and information requests that may be initiated or that may be asserted. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, it can give no assurance that such statements will prove to be correct, and that Flux Power’s actual results of ‎operations, financial condition and performance will not differ materially from the ‎results of operations, financial condition and performance reflected or implied by these forward-‎looking statements. Undue reliance should not be placed on the forward-looking statements and investors should refer to the risk factors outlined in Flux Power’s Form 10-K, 10-Qs and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected, except as required by applicable law. Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners. Follow us at:Blog: Flux Power BlogNews Flux Power NewsTwitter: @Flux__PowerLinkedIn: Flux Power Contacts Media:[email protected]@fluxpower.comExternal Investor Relations:Leanne SieversShelton [email protected]

VISTA, Calif., Aug. 12, 2026 (GLOBE NEWSWIRE) -- Flux Power Holdings, Inc. (NASDAQ: FLUX), a leading developer of advanced lithium-ion energy storage solutions and fleet intelligence technology, will report its fiscal fourth quarter and full year 2026 results on Thursday, August 20, 2026, after market close. Krishna Vanka, Chief Executive Officer, and Kevin Royal, Chief Financial Officer, will host a conference call at 4:30 p.m. ET to discuss the Company’s financial results, followed by a question-and-answer session. Analysts and investors are invited to join the conference call using the following information: Date: Thursday, August 20, 2026Time: 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time)Conference Call Number: 1-833-630-1956International Call Number: +1-412-317-1837 Additionally, this conference call will be broadcast live over the Internet and can be accessed by all interested parties on the News & Events section of the Company’s Investor Relations website. For those unable to participate during the live broadcast of the conference call, a telephone replay of the conference call will be available approximately two hours after the conference call and accessible through August 27, 2026. The replay dial-in number is 1-855-669-9658, and the access code is 5602016. International callers should dial +1-412-317-0088 and enter the same access code. Additionally, a replay of the webcast will be available on Flux Power’s Investor Relations website for approximately 90 days. About Flux Power Holdings, IncFlux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling and airport ground support equipment (GSE). Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com. Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. Follow us at:Blog: Flux Power BlogNews: Flux Power NewsTwitter: @Flux_PowerLinkedIn: Flux Power Contacts:Media:[email protected] [email protected] Investor Relations:Leanne Sievers Shelton [email protected]

Image source: The Motley Fool. Thursday, May 7, 2026 at 4:30 p.m. ET Chief Executive Officer — Krishna Vanka Chief Financial Officer — Kevin Royal Director of OEM Sales — [Name Not Provided] Krishna Vanka, Flux Power Holdings, Inc.'s CEO; Kevin Royal, Flux Power Holdings, Inc.'s Chief Financial Officer; and [inaudible], Flux Power Holdings, Inc.'s new Director of OEM Sales. Before I turn the call over to Krishna, I would like to remind our listeners that during the course of this conference call, the company will provide financial guidance, projections, comments, and other forward-looking statements regarding future market developments, the future financial performance of the company, new products, or other matters. These statements are subject to the risks and uncertainties that we discuss in detail in our documents filed with the SEC, specifically our 10-K and our most recent 10-Q, which identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements. Also, the company's press release and management's statements during this conference call will include discussions of certain adjusted or non-GAAP financial measures. These financial measures and related reconciliations are provided in the company's press release and related current report on Form 8-Ks, which can be found in the Investor Relations section of Flux Power Holdings, Inc.'s website at fluxpower.com. For those of you unable to listen to the entire call at this time, a recording will be available via webcast on the company's website. It is now my great pleasure to turn the call over to Flux Power Holdings, Inc.'s CEO, Krishna Vanka. Krishna, please go ahead. Krishna Vanka: Thank you, Joel, and welcome, everyone, to our third quarter conference call. As we anticipated and signaled last quarter, third quarter revenue was impacted by two factors: our largest material handling customer implementing a capital freeze and dynamic ordering patterns across the business. Late in the quarter, rising geopolitical tensions in the Middle East drove fuel prices higher, which further delayed some customer spending. Together, these headwinds pulled consolidated revenue below our expectations entering the quarter. Importantly, however, in both the ground service equipment business and with our material handling customer navigating their capital freeze, customer commitment to Flux Power Holdings, Inc. remains strong. We expect order activity to return to prior levels once these near-term headwinds subside. Given these headwinds, we moved decisively on cost. With our targeted headcount reductions and broader efficiency actions, operating expenses are down 30% versus the prior-year period. We continue to optimize our sales team, launching aggressive new marketing programs and expanding our OEM partner engagements. We have been successful in adding senior industry sales professionals to the team, and we are in the process of replacing our sales leader; we are anxious to have this position filled soon. Further, under new marketing leadership, we launched a comprehensive digital strategy spanning social media, lead generation, and brand awareness initiatives. We also had a strong showing at the MODEX show in Atlanta last month, one of the most important industry events on our calendar. The highlight was winning the Innovation in Sustainability Award. After a rigorous vetting process, including multiple booth visits from an elite panel of industry judges, Flux Power Holdings, Inc. was recognized for delivering an innovative sustainability solution not currently offered by any other company in our space. This award reflects our commitment to cleaner, more efficient, and holistic energy life cycle management from design through deployment to recycling. We believe no one in the lithium-ion battery industry does this better than Flux Power Holdings, Inc. Beyond the award, MODEX delivered on several fronts. Booth traffic was strong, with meaningful engagement from both new prospects and existing customers. We showcased recent advancements to our Sky EMS Fleet Intelligence platform, including mobile dashboards, real-time notifications, expanded data integration and API connectivity, and advanced reporting and analytics. We also featured our newly patented state-of-health technology, which we believe represents a significant advancement in battery life cycle management. I want to highlight another development driving new business activity. You may recall that we announced last quarter that we hired a new director to work with our existing OEM partners and to identify and cultivate new OEM partnerships. He has more than 20 years of experience working for material handling OEMs and their dealer networks. I will now turn the call over to our Director of OEM Sales to provide an overview of these efforts. Unknown Speaker: Thank you, Krishna. I am very happy to be with Flux Power Holdings, Inc. I am thoroughly enjoying working with our existing OEM partners and also working with other OEMs to introduce them to Flux Power Holdings, Inc. and identify how we can work together. I would like to highlight a few data points related to the global forklift market and the status of the electrification of the forklift industry. The global forklift market was approximately $87 billion in calendar year 2025. The electric share of new purchases in North America was 65% for the same period. Lithium-ion penetration stands at 32% at the end of calendar year 2024 and is projected to exceed 70% by 2034, with calendar year 2027 being the year that lithium-ion overtakes lead-acid as the preferred power source for electric forklifts. In addition, the North American forklift market is projected to grow at a compound annual growth rate of 17.2% through calendar 2031. These factors, along with Flux Power Holdings, Inc.'s strong product portfolio, are the primary reasons I am excited to be a part of the team. I have already been in contact with several OEMs. I am pleased with the responses I have received and look forward to securing new OEM partners. I will now turn it back over to Krishna. Krishna Vanka: Thank you. The company has also been working closely with existing OEM partners to optimize our pricing structure for our white-label products. We believe this initiative increases our competitiveness in the market and has resulted in increased volume commitments from our existing OEM partners. As a result of these developments, along with the proactive efforts I have outlined above, we are seeing positive indications of increased order activity going into the fourth quarter and expect sequential revenue growth of approximately 20% in the fourth quarter. Additionally, we are aggressively working to improve margins through near-term supply chain optimization, vendor renegotiations, and product redesign efforts. We believe that these initiatives will have a significant impact on our operating model and will improve our profitability. I look forward to providing additional details of these new efforts and our results on the next earnings call. Let me be clear. While I am excited with our new initiatives and we believe we are positioned positively in the market, I am not satisfied with the results. We are taking every step we believe is necessary to meet and ultimately exceed historic revenue levels, achieve profitability, and build a stable recurring revenue stream business. We have proven our potential to get there based on our Q2 performance. To achieve this profitability goal, the Flux Power Holdings, Inc. team remains intensely focused on the five strategic initiatives that continue to guide us, which include: number one, profitable growth; number two, operational efficiencies; number three, solution selling; number four, building the right products; and number five, integrating value-added software. We continue to make progress on these initiatives each quarter as they remain a top priority for the company. With that, I will now turn the call over to our CFO, Kevin Royal, to discuss our third quarter financial results in more detail. Kevin, please go ahead. Kevin Royal: Good afternoon, everyone. Revenue for the third quarter of 2026 was $6.6 million compared to $16.7 million in the same quarter last year. Gross margin in the third quarter was 27.3% compared to 32% in the prior-year period. The year-over-year decline in gross margin was largely due to changes in product mix and lower volumes resulting in higher unabsorbed labor and overhead. Operating expenses in the third quarter of 2026 were $4.8 million compared to $6.9 million in the third quarter of 2025. The year-over-year decrease in operating expenses primarily reflects cost reduction actions taken to reduce headcount and streamline the operating model. Net loss for the third quarter was $3.2 million, or $0.15 per share, compared to a net loss of $1.9 million, or $0.12 per share, in the third quarter of 2025. Excluding stock-based compensation, third quarter non-GAAP net loss was $2.9 million, or $0.14 per share, compared to a non-GAAP net loss of $1.1 million, or $0.07 per share, in the prior-year period, which also excluded costs associated with the multiyear restatement of previously issued financial statements. Adjusted EBITDA for the third quarter was negative $2.5 million compared to negative $500 thousand in the same quarter a year ago. Turning to the balance sheet, we ended the quarter with cash and cash equivalents of $400 thousand compared to $1.3 million at the end of our 2025 fiscal year. I will now hand the call back to Krishna for closing comments before we open it up to your questions. Krishna Vanka: Thank you, Kevin. In summary, I want to emphasize that the entire Flux Power Holdings, Inc. team remains fully focused on executing our key strategic initiatives as we navigate these short-term challenges. We believe the markets we are targeting in the global lithium-ion industry continue to offer expanding growth opportunities. In addition, our leaner cost structure, margin improvement initiatives, new product development, and enhanced sales and marketing efforts are designed to position us for a return to growth and profitability as revenue recovers. Thank you for your continuing interest and support of Flux Power Holdings, Inc. Operator, you may now open the line for questions. Operator: We will now open the call for questions. To ask a question, please press star then 1. If you are using a speakerphone, please pick up your handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw your question, please press star then 2. At this time, we will pause momentarily to assemble our roster. Mr. Vanka, you have a clarification. Krishna Vanka: Yes. I want to clarify the sequential revenue growth. It will be approximately 20% in the fourth quarter. I want to make sure that came out clearly; there was some double connection on the line. Operator: The first question comes from Sameer Joshi with H.C. Wainwright. Please go ahead. Sameer Joshi: Good afternoon, Krishna and Kevin, and welcome to the team. Thanks for taking my questions. Maybe the first question is for your Director of OEM Sales. You highlighted the market growing at around 17.2% CAGR to 2031. What is the approach you are taking to grow faster than this 17.2% for Flux Power Holdings, Inc.? Krishna Vanka: I will start the answer, and then we will have our Director of OEM Sales follow up. Our approach is to continue working with existing OEMs to further gain share of wallet, as well as work with new OEMs so that we are not only certified, but eventually work more closely with them. Unknown Speaker: Thank you, Krishna. That is a very good question. We are working with OEMs—some under nondisclosure agreements—whose path forward in the market is to transition the majority of their product lines to electrified lift truck models. That aligns with our goals to grow with them and ahead of them, so that we are ready for the market as they continue to phase lead-acid out of their operations. Sameer Joshi: Understood. Krishna, you mentioned 20% sequential growth. Do you have any further visibility beyond that for 2027 in terms of the pipeline you are looking at and maybe orders that are already on the books that will be executed in the fiscal first and second quarters? Krishna Vanka: We are definitely seeing increased activity, and we believe we are coming back up from this quarter—picking up 20% this quarter—and then hopefully continuing that trend forward. The geopolitical situation is not helping, so we hope that will subside soon. We are investing significantly into marketing. We have optimized pricing as we mentioned on the call. We are working closely with our Director of OEM Sales on more OEMs, and we are looking at a new sales leader. All of the above should allow us to continue to grow beyond Q4 and into Q1. Sameer Joshi: Understood. On your comprehensive social media strategy, can you give a bit more insight into what that entails, and does it incrementally add to operating costs going forward? Krishna Vanka: Our digital strategy focuses on generating more qualified leads for our sales team, especially as we target top fleets. This includes collecting information through social media and running significant account-based campaigns. We are seeing good feedback. MODEX proved that we are not only getting good leads, but also quality leads as we follow up. We are doing all of this within the existing budget by focusing the team on what is important. With Michelle, our Director of Marketing who joined about six months ago, we put this program together and started executing in January. We are starting to see the fruits of it, and we are positive it will help build pipeline and backlog. Sameer Joshi: Understood. Thanks for taking my questions. Congratulations on the success at MODEX, and good luck for the rest of the year. Operator: The next question comes from Rob Brown with Lake Street Capital Markets. Please go ahead. Rob Brown: Good afternoon. Thanks for taking my question. Just to clarify the outlook, it is 20% growth off what you reported here in Q3. Is that the baseline? Krishna Vanka: Yes, that is correct—sequential. Rob Brown: And then on visibility for the lifting of the capital freeze, do you see that coming, or is that still to be determined? Krishna Vanka: We do see indications of an eventual lift, but not this calendar year. Rob Brown: Thank you. Operator: Again, if you have a question, please press star then 1. The next question comes from Craig Irwin with ROTH Capital Partners. Please go ahead. Craig Irwin: Good evening, and thanks for taking my questions. Can you compare the relative levels of activity you are seeing in the electric forklift market versus the airport ground equipment market? You have introduced new technology to these customer groups over the last few years with specific product introductions. Can you help us unpack relative activity in these two markets and whether some of these product changes are helping you generate leads that will convert to revenue over the next couple of quarters? Krishna Vanka: Thanks, Craig. Our solutions are being very positively received. We continue to lead the GSE space with respect to lithium-ion solutions through our partner. Any lag we are seeing is due to broader market dynamics, not our product portfolio or GSE in particular. The forklift market has been moving up and down with tariffs and sensitivity to capital spending, and we were particularly affected by one customer's capital freeze, which was beyond our control. Overall, we are seeing increased activity. There was a pickup during the tariff changes, and then the war added some stress again. In both cases, we are looking at growth. In forklift, we are working closely with OEMs and dealerships and pursuing more certifications. In GSE, we remain committed to working with our partner as they bring new airlines into the mix. Craig Irwin: Thank you. Given the sequential progression in revenue, I was pleasantly surprised that margins were as strong as they were. Can you talk about what went right on gross margin and how this should impact progress over the next couple of quarters toward your longer-term targets of 40%? Kevin Royal: We have focused on improving product cost, working with existing vendors in some cases and, in other cases, creating competition by putting certain subassemblies out for bid, thereby lowering cost. That work is ongoing. We have seen a fair amount of progress that has not fully rolled through cost of sales yet because we hold inventory of older, higher-priced components. We also have additional plans for product redesigns, which take longer, so we will not realize those improvements for probably 12 to 15 months. We are happy with the progress thus far from working the supply chain side of the equation. Craig Irwin: Understood. Last question is on the balance sheet. Kevin, inventory management looked good. What stood out was approximately $4.6 million in cash in from receivables. Did you change terms, offer discounts, or were there specific items that allowed you to cut receivables by more than 50% in the quarter? Kevin Royal: We did not change terms. We have been fortunate, even with deteriorating conditions in some cases, to hold the line on payment terms. We had strong collections from last quarter’s shipments, which helped reduce receivables by the March 31 balance sheet date. Operator: Thank you. This concludes our question-and-answer session. I would like to turn the conference back over to Krishna Vanka for any closing remarks. Krishna Vanka: Thank you again for joining today's call. We look forward to speaking with you all again on our Q4 call during the September timeframe. Operator: Thank you. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect. Before you buy stock in Flux Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Flux Power wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Flux Power (FLUX) Q3 2026 Earnings Transcript was originally published by The Motley Fool

VISTA, Calif., May 07, 2026 (GLOBE NEWSWIRE) -- Flux Power Holdings, Inc. (NASDAQ: FLUX) (“Flux Power” or the “Company”), a leading developer of advanced lithium-ion energy storage solutions and software-driven electrification for commercial and industrial equipment, today 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 from a distinguished panel of industry experts, highlighting Flux Power’s leadership in clean energy solutions for the material handling industry Engaging with more OEMs and optimized OEM pricing structure for white-label products improving competitiveness and securing increased volume commitments Added new large cargo airline customer with a $1.2 million battery order for its material handling equipment CEO Commentary “As expected, third quarter revenue was impacted mainly by our most significant material handling customer implementing a capital freeze and dynamic order patterns across the business,” said Krishna Vanka, Flux Power’s CEO. “Additionally, the onset of the geopolitical tensions towards the end of the quarter resulted in fuel price increases that unexpectedly delayed some customer order decisions. “In response to these near-term challenges, we promptly implemented additional expense reduction actions to maintain our lean cost structure and to enhance future operating leverage. We have also taken steps to optimize our pricing structure to drive OEM volume purchases, enhance our sales organization with new leadership focused on OEM growth and expand our marketing outreach initiatives and brand awareness. We also had an extremely successful MODEX trade show winning a coveted industry Sustainability Award, while also meeting with many customers, partners and OEMs in our booth. “As a result of these proactive efforts, we have seen other positive indications of increased order activity across the business that we believe point to renewed sequential revenue growth of about 20% in our fourth quarter. Looking longer-term, we remain focused on executing our strategic initiatives and capitalizing on the many opportunities in the global lithium-ion battery industry, which continues to grow at an increasing rate across the markets we serve.” 2026 Fiscal Third Quarter Financial Results Revenue for the third fiscal quarter of 2026 was $6.6 million, compared to $16.7 million in the same quarter a year ago. Gross profit for the third fiscal quarter of 2026 was $1.8 million, or 27.3% of revenue, compared to $5.3 million, or 32.0% of revenue, in the third fiscal quarter of 2025. Operating expenses for the third quarter were $4.8 million, compared to $6.9 million in the same quarter a year ago. The year-over-year decline in operating expenses primarily reflects recent actions taken to reduce headcount and streamline the operating model. Operating loss for the third quarter was $3.0 million, compared to an operating loss of $1.6 million in the third fiscal quarter of 2025. Excluding costs associated with stock-based compensation, the third quarter non-GAAP operating loss was $2.8 million, compared to a non-GAAP operating loss of $0.8 million in the prior year quarter, which also excluded costs associated with the multi-year restatement of previously issued financial statements. Net loss for the third quarter was $3.2 million, or ($0.15) per share, compared to a net loss of $1.9 million, or ($0.12) per share, in the third fiscal quarter of 2025. On a non-GAAP basis, excluding the above-referenced stock-based compensation costs, the third quarter net loss was $2.9 million, or ($0.14) per share, compared to net loss of $1.1 million, or ($0.07) per share, in the same quarter a year ago, which also excluded the above-referenced restatement costs. Adjusted EBITDA for the third quarter was negative $2.5 million compared to negative adjusted EBITDA of $0.5 million in the prior year period. Balance Sheet Cash as of March 31, 2026 was $0.4 million compared to $1.3 million as of June 30, 2025. Conference Call Flux Power will host a conference call on Thursday, May 7, 2026 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss its 2026 fiscal third quarter financial results. To access the call, please use the following information: Date: Thursday, May 7, 2026 Time: 1:30 p.m. Pacific Time | 4:30 p.m. Eastern Time Toll-free dial-in number: 1-833-630-1956 International dial-in number: +1-412-317-1837 Additionally, this conference call will be broadcast live over the Internet and can be accessed by all interested parties on the News & Events section of the Company’s Investor Relations website. For those unable to participate during the live broadcast of the conference call, a telephone replay will be available approximately two hours after the conference call and accessible through May 14, 2026. The replay dial-in number is 1-855-669-9658, and the access code 5565631. International callers should dial +1-412-317-0088 and enter the same pass code. Additionally, a replay of the webcast will be available on Flux Power’s Investor Relations website for approximately 90 days. Non-GAAP Financial Measures Flux Power has presented in this release certain financial information in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) and also on a non-GAAP basis, including non-GAAP net operating loss, non-GAAP net loss, and adjusted EBITDA. Management believes that these non-GAAP financial measures, when viewed with Flux Power’s results under GAAP and the accompanying reconciliations, provide useful information about Flux Power’s period-over-period results. These non-GAAP financial measures are presented because management believes they provide additional information with respect to the performance of Flux Power’s fundamental business activities and adjusted EBITDA is frequently used by securities analysts, investors and other interested parties in the evaluation of comparable companies. Flux Power also relies on adjusted EBITDA as a primary measure to review and assess the operating performance of the Company and its management team. These non-GAAP financial measures should not be considered in isolation from, or construed as a substitute for, financial measures determined in accordance with GAAP for the purpose of analyzing Flux Power’s operating performance or financial position. Reconciliations of these non-GAAP financial measures are included in the tables at the end of this release. About Flux Power Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling and airport ground support equipment (GSE). Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com. Forward-Looking Statements This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified using "believes," "expects" or similar expressions. Forward-looking statements include, but are not limited to, statements regarding Flux Power’s revenue growth expectations and quotes from management. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Accordingly, forward-looking statements are not guarantees of future results. Some of the important factors that could cause Flux Power’s actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: Flux Power’s ability to amend the terms of its agreement with Gibraltar Business Capital, LLC and Flux Power’s continued access to its credit facility thereunder; Flux Power’s ability to continue as a going concern; Flux Power’s ability to meet projected revenue targets and generate sufficient cash from operations; Flux Power’s ability to remediate material weaknesses in its controls and procedures and also those identified in its internal control over financial reporting, or to accurately or timely report its financial condition or results of operations; Flux Power’s ability to continue to meet the continued listing standards of the Nasdaq Stock Market; Flux Power’s ability to secure sufficient funding to support its current and proposed operations. Flux Power’s ability to manage its working capital requirements efficiently; Flux Power’s ability to obtain the necessary funds from its credit facilities; Flux Power’s ability to obtain raw materials and other supplies for its products at existing or competitive prices and on a timely basis; Flux Power’s anticipated growth strategies and its ability to manage the expansion of its business operations effectively; Flux Power’s ability to maintain or increase its market share in the competitive markets in which it does business; Flux Power’s ability to grow its revenue, increase its gross profit margin and become a profitable business; Flux Power’s ability to fulfill its backlog of open sales orders due to delays in the receipt of key component parts and other potential manufacturing disruptions; Flux Power’s ability to keep up with rapidly changing technologies and evolving industry standards, including its ability to achieve technological advances; Flux Power’s dependence on the growth in demand for its products; Flux Power’s ability to compete with larger companies with far greater resources than it; Flux Power’s ability to shift to new suppliers and incorporate new components into its products in a manner that is not disruptive to its business; Flux Power’s ability to obtain and maintain UL Listings and OEM approvals for its energy storage solutions; Flux Power’s ability to diversify its product offerings and capture new market opportunities; Flux Power’s ability to source its needs for skilled labor, machinery, parts, and raw materials economically; Flux Power’s ability to retain and/or successfully recruit key members of its senior management team; Flux Power’s ability to diversify its customer base to reduce its current dependence on a few major customers; the impact of tariffs on Flux Power’s ability to cost-effectively source battery packs and materials used in its products; and the expense, timing and outcome of legal proceedings relating to Flux Power’s accounting practices, financial disclosures and employment policies and practices, investigations and information requests that may be initiated or that may be asserted Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, it can give no assurance that such statements will prove to be correct, and that Flux Power’s actual results of ‎operations, financial condition and performance will not differ materially from the ‎results of operations, financial condition and performance reflected or implied by these forward-‎looking statements. Undue reliance should not be placed on the forward-looking statements and investors should refer to the risk factors outlined in Flux Power’s Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected, except as required by applicable law. Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners. Follow us at: Blog: Flux Power Blog News Flux Power News Twitter: @Flux__Power LinkedIn: Flux Power Contacts Media: [email protected] [email protected] External Investor Relations: Leanne Sievers | Joel Achramowicz Shelton Group [email protected]

Revenue was significantly impacted by a capital freeze at the company's largest material handling customer and dynamic ordering patterns across the broader business. Rising geopolitical tensions in the Middle East drove fuel prices higher late in the quarter, causing further delays in customer spending commitments. Management executed a 30% year-over-year reduction in operating expenses through targeted headcount reductions and streamlined operating models to offset revenue headwinds. The company is pivoting toward a more aggressive digital marketing and lead generation strategy to target top-tier fleets and build a more robust sales pipeline. Strategic focus has shifted toward expanding OEM partnerships, including hiring a dedicated Director of OEM Sales to increase 'share of wallet' and secure new certifications. Gross margin compression was primarily driven by unfavorable product mix and lower volumes leading to higher unabsorbed labor and overhead costs. Management expects sequential revenue growth of approximately 20% in the fourth quarter, driven by positive indications of increased order activity. The capital freeze at the company's largest customer is expected to remain in place for the remainder of the calendar year, though long-term commitment remains strong. Profitability initiatives include near-term supply chain optimization and vendor renegotiations, with product redesign benefits expected to materialize in 12 to 15 months. The company anticipates lithium-ion will overtake lead-acid as the preferred power source for electric forklifts by calendar year 2027. Future growth assumes a stabilization of the geopolitical environment and the successful recruitment of a new sales leader to replace the outgoing head. The company is in the process of replacing its sales leader and has recently launched aggressive new marketing programs and expanded OEM partner engagements. Inventory currently contains older, higher-priced components, which is temporarily delaying the full margin benefit of recent supply chain cost-reduction efforts. A significant reduction in accounts receivable was achieved through strong collections from prior-quarter shipments rather than changes to customer payment terms. The company received the Innovation in Sustainability Award at MODEX for its holistic energy life cycle management, which management views as a key competitive differentiator. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management intends to grow faster than the market by working with OEMs under non-disclosure agreements to transition their entire product lines to electric. The strategy focuses on gaining a larger share of wallet with existing partners while simultaneously securing certifications with new OEMs. Krishna Vanka clarified that while there are indications the freeze will eventually lift, they do not expect it to happen within this calendar year. Kevin Royal noted that margin improvement is currently coming from supply chain bidding and vendor competition. Full realization of margin targets depends on longer-term product redesigns and the exhaustion of higher-cost legacy component inventory. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.

VISTA, Calif., April 29, 2026 (GLOBE NEWSWIRE) -- Flux Power Holdings, Inc. (NASDAQ: FLUX), a leading developer of advanced lithium-ion energy storage solutions and software for material handling and industrial applications, will report its fiscal third quarter 2026 results on Thursday, May 7, 2026, after market close. Krishna Vanka, Chief Executive Officer, and Kevin Royal, Chief Financial Officer, will host a conference call at 4:30 p.m. ET to discuss the Company’s financial results, followed by a question-and-answer session. Analysts and investors are invited to join the conference call using the following information: Date: Thursday, May 7, 2026 Time: 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) Conference Call Number: 1-833-630-1956 International Call Number: +1-412-317-1837 Additionally, this conference call will be broadcast live over the Internet and can be accessed by all interested parties on the News & Events section of the Company’s Investor Relations website. For those unable to participate during the live broadcast of the conference call, a telephone replay of the conference call will be available approximately two hours after the conference call and accessible through May 14, 2026. The replay dial-in number is 1-855-669-9658, and the access code is 5565631. International callers should dial +1-412-317-0088 and enter the same access code. Additionally, a replay of the webcast will be available on Flux Power’s Investor Relations website for approximately 90 days. About Flux Power Holdings, Inc Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling and airport ground support equipment (GSE). Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com. Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. Follow us at: Blog: Flux Power Blog News: Flux Power News Twitter: @Flux_Power LinkedIn: Flux Power Contacts: Media: [email protected] [email protected] External Investor Relations: Leanne Sievers | Joel Achramowicz Shelton Group [email protected]