Trade Flux Power Holdings, Inc. - FLUX CFD

Flux Power Holdings, Inc. Company profile

About Flux Power Holdings Inc

Flux Power Holdings, Inc. designs, develops, manufactures, and sells advanced rechargeable lithium-ion energy storage solutions for lift trucks, and other industrial equipment, including airport ground support equipment (GSE), solar energy storage, and other commercial applications. The Company's lithium-ion battery packs battery packs include its battery management system (BMS) and telemetry, which provide its customers an alternative as compared to lead acid and propane-based solutions. The Company operates through its subsidiary Flux Power, Inc.

Financial summary

BRIEF: For the six months ended 31 December 2021, Flux Power Holdings Inc revenues increased 27% to $14M. Net loss increased 25% to $9.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Selling and administrative expenses - Ba increase of 25% to $7.1M (expense), Research & Development Exp increase of 32% to $4M (expense).

Equity composition

Common Stock $.001 Par, 04/11, 145M auth. 2,577,371 issd. Insiders control 88.89%. IPO: N/A. PP: 2/99, 767,200 Common @$.05. 12/04 Q's = 9 months. 5/00, Name changed from Oleramma, Inc. 02/09, Name changed from Australian Forest Industries. 02/09, 1-for-100 Reverse Stock Split.