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Stock impact report

Flux Power Reports Fiscal Year 2024 Second Quarter Financial Results

Flux Power Holdings, Inc. (FLUX) 
NASDAQ:AMEX Investor Relations: fluxpwr.com/investors
Company Research Source: Business Wire
Operational Initiatives Result in Improvement in Gross Margins to 31%Revenue Increased 7% to Quarterly Record of $18.3 MillionAdjusted EBITDA Improved to Positive $0.3M Moving Toward Cash Flow BreakevenBacklog was $29.7M as of February 1, 2024Management to Host Conference Call Today at 4:30 p.m. Eastern Time VISTA, Calif.--(BUSINESS WIRE)--Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has reported its financial and operational results for the fiscal second quarter ended December 31, 2023.Key Financial FY 2024 Second Quarter and Subsequent Operational Highlights and Business Update($ millions)Q2 Comparison Q2 2024 Q2 2023 $ Change YoY % Change YoYRevenue$18.3 $17.2 $1.2 7%Gross Profit$5.7 $4.1 $1.6 38% Show less Read more
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