Flux Power Reports 2027 Fiscal First Quarter Financial Results
Flux Power Holdings, Inc. (FLUX) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Flux Power Reports 2027 Fiscal First Quarter Financial Results Vista, CA — November 3, 2026 — Flux Power Holdings, Inc. (NASDAQ: FLUX) (“Flux Power” or the “Company”), a leading developer of advanced lithium-ion energy storage solutions and fleet intelligence technol
How this was made
The 30-second read
Why it matters
The earnings release shows declining revenue and widening losses, suggesting near‑term price pressure, but the company cites new OEM orders and a robotics platform that could improve future outlook.
Market read
A fresh earnings disclosure for a micro‑cap battery company; investors will reassess valuation based on the loss and modest guidance.
What to watch
Potential upside from the announced OEM partnership and entry into the robotics vertical, which are not reflected in the short‑term numbers.
Flux Power reported $6.8 million of fiscal first-quarter revenue and guided fiscal second-quarter revenue to $7 million to $8 million.
Revenue, gross profit, gross margin and operating results were lower than both the prior quarter and the same quarter a year ago, while cash was $0.4 million and the Company said it is evaluating financing alternatives and strategic partnerships.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| RevenueGAAP | $ 6,758,000 | – | – |
| Cost of salesGAAP | $ 5,085,000 | – | – |
| Gross profitGAAP | $ 1,673,000 | – | – |
| Gross marginGAAP | 24.8% of revenue | – | – |
| Selling, general and administrative expensesGAAP | $ 4,001,000 | – | – |
| Research and development expensesGAAP | $ 631,000 | – | – |
| Total operating expensesGAAP | $ 4,632,000 | – | decreased by 22% |
| Operating lossGAAP | $ (2,959,000) | – | – |
| Non-GAAP operating lossnon-GAAP | $ (2,785,000) | – | – |
| Interest expense, netGAAP | $ (184,000) | – | – |
| Other expense, netGAAP | $ (27,000) | – | – |
| Net lossGAAP | $ (3,170,000) | – | – |
| Net loss per share - basic and dilutedGAAP | $ (0.15) | – | – |
| Weighted average number of common shares outstanding - basic and dilutedGAAP | 21,621,807 | – | – |
| Stock-based compensationnon-GAAP | 174,000 | – | – |
| Non-GAAP net lossnon-GAAP | (2,996,000) | – | – |
| Non-GAAP net loss per sharenon-GAAP | $ (0.14) | – | – |
| EBITDAnon-GAAP | (2,766,000) | – | – |
| Financing costsnon-GAAP | 26,000 | – | – |
| Adjusted EBITDAnon-GAAP | $ (2,566,000) | – | – |
| CashGAAP | $ 409,000 | – | – |
| Accounts receivable, netGAAP | 4,442,000 | – | – |
| Inventories, netGAAP | 14,434,000 | – | – |
| Line of creditGAAP | 6,285,000 | – | – |
| Total liabilitiesGAAP | 23,974,000 | – | – |
| Total stockholders’ equity (deficit)GAAP | (431,000) | – | – |
2027 fiscal second quarter outlook
- Revenue$7 million to $8 million
What drove it
- The Company received an order from its largest material handling customer.
- The Company said its most significant customer that had previously paused orders returned with a meaningful order through an OEM partner.
- Flux Power cited orders through OEM partners for first-time Flux Power customers.
- The Company continued expansion into Robotics with a global technology platform customer.
- Management cited dealer engagement following Hyster-Yale certification and announced product innovations in battery safety, material handling applications and connected fleet intelligence.
- The year-over-year reduction in operating expenses primarily reflected previous actions to reduce headcount and streamline the operating model.
Concerns
- Revenue was $ 6,758,000, compared to $ 13,175,000 in the same quarter a year ago and $ 8,248,000 in the prior quarter.
- Gross margin was 24.8% of revenue, compared to 28.6% of revenue in the same quarter a year ago and 27.4% of revenue in the prior quarter.
- Operating loss was $ (2,959,000), compared to $ (2,178,000) in the same quarter a year ago and $ (2,100,000) in the prior quarter.
- Adjusted EBITDA was $ (2,566,000), compared to $ (1,713,000) in the same quarter a year ago and $ (1,623,000) in the prior quarter.
- Cash was $ 409,000 as of September 30, 2026.
- Flux Power said it is evaluating potential financing alternatives and strategic partnerships to ensure financial flexibility.
- The release identifies an event of default under the Gibraltar Business Capital, LLC agreement, the ability to secure sufficient funding, going-concern risk and Nasdaq continued-listing compliance among risk factors.
What to watch
- Execution against 2027 fiscal second-quarter revenue guidance of $7 million to $8 million.
- Follow-through from the returned order from the largest material handling customer and OEM-partner orders for first-time customers.
- Expansion in Robotics, white-label opportunities for the S-Series and the stated integrated supply-chain model intended to improve scale and gross margin potential.
- Financing alternatives, strategic partnerships and continued access to the credit facility.
- Gross-margin performance following 24.8% of revenue in the fiscal first quarter.
Balance sheet and cash flow
- Cash was $ 409,000 at September 30, 2026, compared to $ 305,000 at June 30, 2026.
- Accounts receivable, net was 4,442,000, compared to 4,862,000 at June 30, 2026.
- Inventories, net was 14,434,000, compared to 14,752,000 at June 30, 2026.
- Total current assets were 20,335,000, compared to 20,700,000 at June 30, 2026.
- Total assets were $ 23,543,000, compared to $ 24,198,000 at June 30, 2026.
- Accounts payable was $ 11,258,000, compared to $ 8,473,000 at June 30, 2026.
- Accrued expenses were 4,000,000, compared to 4,124,000 at June 30, 2026.
- Line of credit was 6,285,000, compared to 6,303,000 at June 30, 2026.
- Total current liabilities were 22,625,000, compared to 20,047,000 at June 30, 2026.
- Total liabilities were 23,974,000, compared to 21,640,000 at June 30, 2026.
- Total stockholders’ equity (deficit) was (431,000), compared to 2,558,000 at June 30, 2026.
Analysis
Flux Power reported fiscal 2027 first-quarter revenue of $ 6,758,000, compared with $ 13,175,000 in the same quarter a year ago and $ 8,248,000 in the prior quarter. Gross profit was $ 1,673,000 and gross margin was 24.8% of revenue, versus $ 3,765,000 and 28.6% of revenue a year ago, and $ 2,257,000 and 27.4% of revenue in the prior quarter. The period therefore combined a lower revenue base with lower gross-margin performance.
Operating expenses were $ 4,632,000, a decrease of 22% from the 2026 fiscal first quarter, which the Company attributed primarily to prior headcount reductions and streamlining of the operating model. Expenses were nevertheless $ 4,357,000 in the prior quarter. Operating loss was $ (2,959,000), while non-GAAP operating loss was $ (2,785,000). Net loss was $ (3,170,000), or $ (0.15) per share, and adjusted EBITDA was $ (2,566,000), each wider than the reported loss measures for the prior quarter and same quarter a year ago.
Management pointed to a returned meaningful order from its most significant customer through an OEM partner, additional OEM-partner orders from first-time Flux Power customers, and early activity in Robotics with a global technology platform customer. It also highlighted dealer momentum following Hyster-Yale certification, a campaign targeting the 500 largest end-user accounts in North America, S-Series white-label opportunities and an integrated supply-chain model designed to improve scale and gross-margin potential. These commercial initiatives are central to management’s stated path toward growth and profitability.
Liquidity and financing are the principal balance-sheet focus. Cash was $ 409,000 at September 30, 2026, compared with $ 305,000 at June 30, 2026; the line of credit was 6,285,000 and total liabilities were 23,974,000. Total stockholders’ equity was a deficit of (431,000), compared with 2,558,000 at June 30, 2026. The Company said it is evaluating financing alternatives and strategic partnerships, while its forward-looking risk disclosure includes its event of default under the Gibraltar Business Capital, LLC agreement, funding needs, going-concern risk and Nasdaq listing compliance.
For the 2027 fiscal second quarter, Flux Power guided revenue to $7 million to $8 million. No gross-margin, operating-expense, tax-rate, earnings, EBITDA or cash-flow outlook was provided. Execution against this revenue range, conversion of the returned customer order and OEM opportunities, and the ability to improve gross margin while preserving the lower operating-cost structure are the reported-period measures to follow.
Management, verbatim
We continued to make meaningful progress across our key operational and sales initiatives, executing with discipline and positioning the Company for accelerated growth.
Krishna Vanka, CEO of Flux Power
I am proud that the team delivered on our $6.8 million revenue commitment this quarter, despite facing multiple headwinds across the business. I am also pleased to announce that our most significant customer who previously paused orders returned with a meaningful order through our OEM partner. This win along with a number of orders through our OEM partners for first-time Flux Power customers demonstrate the initial success of our OEM partnership strategy.
Krishna Vanka, CEO of Flux Power
Taken together, these developments reflect a commercial strategy that we believe is beginning to compound. With a leaner cost structure and growing market demand for lithium-ion battery solutions, I believe we’re in a much stronger position to drive growth and move toward profitability in the coming quarters.
Krishna Vanka, CEO of Flux Power
Not in the filing
stated, not guessed- Prior-period outlook was not provided; therefore no comparison of actual results with prior guidance is available.
- Segment revenue and segment profitability were not reported.
- Operating cash flow was not reported.
- Free cash flow was not reported.
- Capital returns, including share repurchases and dividends, were not reported.
- No fiscal second-quarter guidance was provided for gross margin, operating expenses, tax rate, net income or loss, EPS, adjusted EBITDA, cash flow or capital expenditure.
- CFO commentary was not provided.
- Debt maturities, debt covenants and borrowing availability were not reported.
Written by an AI language model from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was checked against the filing text, and a metric whose value, prior period and change do not add up is dropped from the metrics. The model can still misread a table, in the metrics or in the text, so check a number in the filing before you rely on it. Consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
Flux Power Holdings (NASDAQ:FLUX) filed an 8‑K reporting its fiscal Q1 2027 financial results and forward guidance.
Ticker impact
Flux Power Holdings reported Q1 2027 results with $6.8M revenue, a $3.0M operating loss and guidance of $7-8M for the next quarter.
likely downside as the market prices in weaker revenue and continued losses
Revenue fell 17% YoY and the company posted a larger operating loss; guidance does not indicate a turnaround, prompting investors to sell.
Market effects
Highlights challenges for small-cap lithium‑ion storage firms and may pressure peers in the energy‑storage sector.
Limited to U.S. micro‑cap investors; no broad regional effect.
Minimal global impact; primarily a company‑specific event.
Counterpoint
If the company secures new financing or a large OEM contract, the stock could rebound despite the loss.
Key entities
- companyFlux Power Holdings
Developer of lithium‑ion energy storage and fleet intelligence solutions.
- executiveKrishna Vanka
CEO of Flux Power who provided commentary on the results.
