Quarterly ResultMay 7, 2026, 04:23 PM
Flux Power Q3 Revenue Down 60.5% to $6.6M; Net Loss Widens to $3.2M
AI Summary
Flux Power Holdings, Inc. reported a significant decline in its fiscal third-quarter 2026 financial results, with revenue falling 60.5% year-over-year to $6.6 million and net loss widening to $3.2 million. The company attributed the revenue impact to a major customer's capital freeze and geopolitical tensions. Despite the downturn, Flux Power implemented cost reduction measures, decreasing operating expenses by 30%, secured a new $1.2 million battery order, and anticipates a 20% sequential revenue growth in the fourth quarter.
Key Highlights
- Q3 2026 revenue decreased 60.5% year-over-year to $6.6 million.
- Net loss for Q3 2026 widened to $3.2 million, or ($0.15) per share.
- Operating expenses decreased 30% year-over-year to $4.8 million.
- Gross profit was $1.8 million (27.3% of revenue) in Q3 2026.
- Adjusted EBITDA was negative $2.5 million for the quarter.
- Secured a new $1.2 million battery order from a large cargo airline customer.
- Cash balance as of March 31, 2026, was $0.4 million.
- Forecasts approximately 20% sequential revenue growth in Q4.
Price Impact
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