Flux Power Holdings, Inc.

Flux Power announced the appointment of Stu Jacover as Vice President of Sales, Material Handling. Jacover brings over 30 years of experience in sales leadership, dealer network development, and strategic business growth within the material handling industry. In his new role, he will lead the company's material handling sales strategy, dealer engagement, and national account growth, aiming to accelerate the adoption of lithium-ion energy solutions. The CEO, Krishna Vanka, emphasized Jacover's proven track record and deep industry understanding as key to strengthening Flux Power's market position and supporting its growth.

Flux Power Holdings, Inc. has entered into a committed equity facility with Roth Principal Investments, LLC, allowing the company to sell up to $40,000,000 of its common stock. The sales are at the company's sole discretion over a period of up to 36 months, providing flexible access to capital. A related registration rights agreement ensures the resale of up to 38,461,538 shares will be registered, with purchase prices based on the volume weighted average price (VWAP) and a minimum threshold price of $0.50 for certain purchases.

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.

Flux Power Holdings reported a net loss of $3.18 million for the three months ended March 31, 2026, and $5.14 million for the nine months, with revenues significantly declining year-over-year. The company disclosed an event of default under its Gibraltar Business Capital credit facility due to non-compliance with the minimum EBITDA covenant, raising substantial doubt about its ability to continue as a going concern. Management is negotiating an amendment or waiver while actively implementing cost reductions and pricing initiatives.

Flux Power Holdings, Inc. announced it will report its fiscal third quarter 2026 results on Thursday, May 7, 2026, after market close. CEO Krishna Vanka and CFO Kevin Royal will host a conference call at 4:30 p.m. ET to discuss the financial results and answer questions. The call will be broadcast live online, with a telephone replay available until May 14, 2026, and a webcast replay for 90 days.

Flux Power Holdings, Inc. announced it has been named the winner of the Innovation in Sustainability Award at MODEX 2026. This award recognizes the company's leadership in delivering clean, efficient, and data-driven energy solutions that help customers reduce emissions and improve operational efficiency. The recognition highlights Flux Power's commitment to intelligent lithium-ion solutions that reduce total cost of ownership and support broader environmental initiatives across industrial sectors.