Financial Performance - Revenues for the three months ended September 30, 2025, were $13,175,000, a decrease of 18.1% compared to $16,125,000 for the same period in 2024[17] - Gross profit for the same period was $3,765,000, down 27.8% from $5,218,000 year-over-year[17] - Operating loss increased to $2,178,000 for Q1 2025, compared to a loss of $1,212,000 in Q1 2024[17] - Net loss for the three months ended September 30, 2025, was $2,562,000, compared to a net loss of $1,669,000 in the prior year, representing a 53.4% increase in losses[17] - Adjusted EBITDA for the quarter was a loss of $1,718,000, compared to a loss of $372,000 in the prior year[174] - The net loss for the quarter ended September 30, 2025, was $2,562,000, compared to a net loss of $1,669,000 for the same quarter in 2024[173] Assets and Liabilities - Total current assets decreased to $26,957,000 as of September 30, 2025, down from $31,804,000 at June 30, 2025, a decline of 15.4%[15] - Total liabilities decreased to $33,015,000 as of September 30, 2025, down from $40,156,000 at June 30, 2025, a reduction of 17.7%[15] - Cash at the end of the period increased to $1,588,000 from $1,334,000 at the end of the previous quarter, an increase of 19.0%[21] - The Company had a cash balance of $1.6 million and $6.1 million available under the Gibraltar Business Capital Credit Facility as of September 30, 2025[41] Capital Raising Activities - The company raised $3,227,000 from the issuance of prefunded preferred stock warrants and common stock warrants under a private placement[21] - The Company completed a Public Offering in October 2025, raising $9.2 million in cash proceeds[46] - The Company completed a Private Placement on September 15, 2025, raising approximately $5.0 million through the sale of Prefunded Preferred Stock Warrants and Common Stock Warrants[70] - The net proceeds from the Private Placement, after issuance costs of approximately $400,000, were approximately $4,400,000[72] Operational Focus and Strategy - The company continues to focus on the development of advanced lithium-ion energy storage solutions, targeting growth in the material handling sector[27] - Management is implementing price increases and cost-saving initiatives to improve profitability and cash flow from operations[44] - The Company aims to expand its sales and marketing efforts and improve production efficiencies to meet the growing demand for lithium-ion energy solutions[141] Legal and Compliance Matters - The Company is currently involved in multiple legal proceedings, including a class action and a derivative action, but intends to vigorously defend against these claims[114] - The Company expects to establish a $1.75 million escrowed settlement fund to cover payments related to a class action litigation settlement[103] - The Company anticipates its liability insurers will directly fund approximately $1.15 million of the settlement fund, with an estimated contribution of $600,000 from the Company[106] - The Company reached an agreement to resolve the derivative complaint on July 11, 2025, involving corporate governance reforms[213] Stock and Equity Information - The company reported a weighted average number of common shares outstanding of 16,835,698 for the three months ended September 30, 2025[17] - Basic and diluted loss per share for the three months ended September 30, 2025, were calculated based on 16,835,698 weighted-average common shares outstanding[39] - The 2021 Equity Incentive Plan allows for the issuance of awards for up to 2,000,000 shares of common stock, with 164,899 shares available for future grants as of September 30, 2025[81] - The Company approved the 2025 Equity Incentive Plan, authorizing the issuance of up to 1,000,000 shares of common stock for various awards as of September 30, 2025[82] Inventory and Supply Chain - Inventories decreased from $17.231 million as of June 30, 2025, to $15.726 million as of September 30, 2025, with raw materials accounting for $12.321 million[48] - The Company had one supplier accounting for approximately $1,686,000 or 15% of total purchases during the three months ended September 30, 2025, down from $3,986,000 or 31% in 2024[99] Market Conditions and Challenges - The Company is evaluating the impact of new tariffs on imported products, which are expected to negatively affect revenues and profitability[33] - The Company temporarily paused imports from a battery cell supplier in China due to tariff uncertainties, but operations were not materially affected[35] - New orders for energy storage solutions experienced delays in the second half of fiscal 2025, with some customers deferring orders to fiscal 2026 due to lower capital spending and interest rate variability[146] Internal Controls and Governance - Management has identified material weaknesses in internal controls over financial reporting as of September 30, 2025, due to insufficient technical accounting expertise[197] - The company has engaged external financial consulting firms to assist in strengthening internal controls and procedures[200] - The company has not identified any changes in internal controls over financial reporting that materially affect its operations during the fiscal quarter ended September 30, 2025[202]

Financial Performance - Revenue for Q1 FY2026 was $13.2 million, a decrease of 18% from $16.1 million in Q1 FY2025[7] - Gross profit for Q1 FY2026 was $3.8 million, representing 28.6% of revenue, down from 32.4% in the prior year[7] - Operating loss for Q1 FY2026 was $2.2 million, compared to a loss of $1.2 million in Q1 FY2025[8] - Net loss for Q1 FY2026 was $2.6 million, or ($0.15) per share, compared to a net loss of $1.7 million, or ($0.10) per share, in the prior year[9] - Adjusted EBITDA for Q1 FY2026 was ($1.7) million, compared to ($0.4) million in the prior year[10] - Net loss for the three months ended September 30, 2025, was $2,562,000, compared to a net loss of $1,669,000 for the same period in 2024, representing an increase in losses of 53.4%[26] - Adjusted EBITDA for the three months ended September 30, 2025, was $(1,718,000), compared to $(372,000) for the same period in 2024, indicating a significant deterioration in operational performance[26] Capital and Funding - The company raised $13.8 million in new capital through public equity offerings and private placements during the quarter[5] - Cash as of September 30, 2025, was $1.6 million, with an additional $12.6 million raised from recent offerings[11] Assets and Liabilities - Total current assets decreased from $31,804,000 in June 2025 to $26,957,000 in September 2025, a decline of approximately 15.3%[24] - Total liabilities decreased from $40,156,000 in June 2025 to $33,015,000 in September 2025, a reduction of approximately 17.7%[24] - Current liabilities decreased from $39,618,000 in June 2025 to $32,169,000 in September 2025, a decline of about 18.8%[24] - Total stockholders' equity improved from a deficit of $(5,404,000) in June 2025 to a deficit of $(3,320,000) in September 2025, indicating a positive change of approximately 38.5%[24] Cash Flow and Inventory - Cash increased from $1,334,000 in June 2025 to $1,588,000 in September 2025, reflecting a growth of 19.0%[24] - Accounts receivable decreased from $11,374,000 in June 2025 to $7,497,000 in September 2025, a decline of approximately 34.1%[24] - Inventories decreased from $17,231,000 in June 2025 to $15,726,000 in September 2025, a reduction of about 8.7%[24] Business Developments - Flux Power secured a large order from a major airline customer, increasing the number of North American airlines served to eight[6] - The SkyEMS 2.0 SaaS platform graduated from beta to production with multiple paying customers[6] - The company received UL EE Listing across its material handling portfolio, opening a new $1 billion total addressable market[6] Depreciation and Amortization - The company reported a depreciation and amortization expense of $251,000 for the three months ended September 30, 2025, consistent with the previous year's expense of $252,000[26]

Core Insights - Flux Power Holdings, Inc. reported a temporary decline in customer orders due to tariff uncertainties and macroeconomic caution, but anticipates a rebound in orders in the second quarter, including significant contracts with major airline customers [3][4]. Financial Performance - Revenue for the first fiscal quarter of 2026 was $13.2 million, down from $16.1 million in the same quarter of 2025, representing a decrease of approximately 18% [5]. - Gross profit for the quarter was $3.8 million, or 28.6% of revenue, compared to $5.2 million, or 32.4% of revenue, in the prior year [5]. - Operating loss increased to $2.2 million from a loss of $1.2 million year-over-year [6]. - Net loss for the quarter was $2.6 million, or ($0.15) per share, compared to a net loss of $1.7 million, or ($0.10) per share, in the first quarter of 2025 [7]. Business Highlights - The company secured $13.8 million in new capital through public equity offerings and private placements, enhancing its financial position [4][9]. - Flux Power graduated its SkyEMS 2.0 SaaS platform from beta to production, attracting multiple paying customers [8]. - The company received UL EE Listing for its material handling portfolio, opening a new $1 billion total addressable market across various industries [8]. Balance Sheet Overview - As of September 30, 2025, cash was reported at $1.6 million, with additional capital raised post-quarter-end amounting to approximately $12.6 million [9][21]. - Total current assets decreased to $26.96 million from $31.80 million in the previous quarter [21]. - Total liabilities were reported at $33.02 million, down from $40.16 million [21]. Market Position - Flux Power now supplies eight major North American airline carriers, doubling its customer base in the airline sector [8]. - The company continues to focus on cost reductions and operational efficiencies to achieve profitability [4][8].

Core Insights - Flux Power Holdings, Inc. has achieved significant certification milestones, enhancing its reputation in safety, reliability, and innovation within the energy storage sector [1][4] - The company has received UL EE Listing for its entire material handling portfolio and UL 1973 Listing for its 80V G80-G2 solution for ground support equipment [1][2] Certification Achievements - The UL EE Listing confirms that Flux Power's battery packs (24V, 36V, 48V, and 80V) meet stringent safety standards, reinforcing its position as a reliable partner for high-demand operations [2][3] - The UL 1973 Listing for the G80-G2 solution is a notable achievement, marking it as the first 80V product in the aviation ground support equipment sector to receive this certification [3] Product and Technology Overview - Flux Power's certified products span various classes of material handling equipment and are integrated with proprietary SkyEMS energy management software, providing real-time visibility and predictive maintenance [5][6] - The company's lithium-ion battery packs offer a more environmentally friendly alternative to traditional lead-acid and propane solutions, contributing to reduced CO2 emissions and improved sustainability metrics [8] Strategic Vision - The certifications validate Flux Power's technology leadership and support its vision of creating a dynamic energy ecosystem that combines advanced battery systems with software intelligence [4][6] - The company aims to redefine energy management across industries, focusing on integrated, software-driven ecosystems that enhance operational efficiency and sustainability [6]

Core Insights - Flux Power Holdings, Inc. has announced new purchase orders totaling approximately $2.4 million, indicating strong demand for its lithium-ion energy storage solutions in material handling electrification [1][2][3] - The orders include $1.4 million from a leading global food and beverage distribution company and $1.0 million from a global industrial equipment manufacturing customer, highlighting the company's momentum in key industries [1][2] Company Performance - The repeat orders reflect strong customer satisfaction and ongoing trust in Flux Power's technology, service, and brand, contributing to consistent revenue growth [2][3] - Flux Power's Chief Revenue Officer emphasized that the recurring business demonstrates customers' reliance on the company's technology and the value derived from data insights provided by its intelligent lithium batteries [3] Industry Trends - The continued strength of recurring customer orders reinforces the steady transition of the industry toward electrification, as companies seek to enhance productivity, safety, and sustainability [3] - Flux Power's solutions are transforming material handling and other industrial operations by reducing emissions, increasing efficiency, and simplifying fleet energy management [3][4] Product Offering - Flux Power designs, manufactures, and sells advanced lithium-ion energy storage solutions for various industrial and commercial sectors, providing a more environmentally friendly alternative to traditional lead-acid and propane-based solutions [4] - The company's lithium-ion battery packs help reduce CO2 emissions and improve sustainability and ESG metrics for fleets [4]

Core Insights - Flux Power Holdings, Inc. will report its fiscal first quarter 2026 results on November 13, 2025, after market close [1] - The conference call to discuss the financial results will be hosted by CEO Krishna Vanka and CFO Kevin Royal at 4:30 p.m. ET [1] Company Overview - Flux Power designs, manufactures, and sells advanced lithium-ion energy storage solutions for various industrial and commercial sectors, including material handling and airport ground support equipment [4] - The company's lithium-ion battery packs offer a better performance, lower cost of ownership, and more environmentally friendly alternatives to traditional lead-acid and propane-based solutions [4] - Flux Power's products contribute to reducing CO2 emissions and improving sustainability and ESG metrics for fleets [4]

Group 1 - The analyst team has a proven track record of outperforming across all market conditions, achieving an annualized return of almost 40% over the past decade with a long-only model portfolio return of over 23 times [1] - The focus includes income-oriented investments in lower-risk firms with steady dividend payouts, as well as extensive research in the energy, shipping, and offshore markets [1] - The analyst has expanded coverage to include the offshore drilling and supply industry, as well as the shipping industry, which encompasses tankers, containers, and dry bulk [2] Group 2 - The analyst has a background in auditing with PricewaterhouseCoopers and has experience navigating significant market events such as the dotcom bubble and the subprime crisis [2] - The analyst aims to provide high-quality research to the Seeking Alpha community despite language barriers [2]

Core Viewpoint - Flux Power Holdings, Inc. has announced a public offering of 3,840,000 shares at a price of $2.50 per share, aiming to raise approximately $9.6 million before expenses [1]. Group 1: Offering Details - The public offering consists of 3,840,000 shares priced at $2.50 each, with an additional option for the underwriter to purchase up to 576,000 shares [1]. - The gross proceeds from the offering are expected to be around $9.6 million, excluding any additional shares purchased by the underwriter [1]. - The offering is set to close on November 3, 2025, pending customary closing conditions [1]. Group 2: Underwriter Information - Lake Street Capital Markets, LLC is serving as the sole book-running manager for the offering [2]. Group 3: Regulatory Compliance - A registration statement for the shares has been filed with the U.S. Securities and Exchange Commission (SEC) and became effective on October 29, 2025 [3]. - The offering is being conducted solely through a prospectus, with a preliminary prospectus already filed with the SEC [3]. Group 4: Company Overview - Flux Power designs, manufactures, and sells advanced lithium-ion energy storage solutions for various industrial and commercial applications [5]. - The company's products, including lithium-ion battery packs and proprietary battery management systems, offer a more efficient and environmentally friendly alternative to traditional lead-acid and propane solutions [5]. - Flux Power's solutions contribute to reduced CO2 emissions and improved sustainability metrics for fleets [5].

Core Viewpoint - Halper Sadeh LLC is investigating potential breaches of fiduciary duties by certain officers and directors of Applied Therapeutics, Inc. (NASDAQ: APLT), encouraging shareholders to contact the firm to discuss their rights [1][2]. Company Summary - The investigation focuses on whether the management of Applied Therapeutics has acted in the best interests of shareholders, which may lead to corporate governance reforms and financial recoveries for investors [1][2]. - Long-term shareholders of Applied Therapeutics may seek various forms of relief, including the return of funds to the company and court-approved financial incentives [2][3]. Legal Context - Halper Sadeh LLC represents investors globally who have experienced securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered significant amounts for defrauded investors [4].

Core Viewpoint - Halper Sadeh LLC is investigating potential breaches of fiduciary duties by certain officers and directors of Flux Power Holdings, Inc. [1] Group 1 - The investigation focuses on whether the actions of Flux Power's leadership have harmed shareholder interests [1] - Long-term shareholders of Flux may have the opportunity to pursue corporate governance reforms and seek financial remedies [1] - Potential outcomes for shareholders include the return of funds to the company and court-approved financial incentive awards [1]