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Flux Power Q1 adjusted EBITDA loss widens, misses estimates

By Reuters News


Overview

  • US lithium-ion battery maker's fiscal Q1 revenue fell sharply yr/yr

  • Adjusted EBITDA loss for fiscal Q1 widened and missed analyst expectations

  • Company reduced operating expenses by 22% yr/yr through cost-cutting


Outlook

  • Flux Power guides 2027 fiscal Q2 revenue to be $7 mln to $8 mln

  • Company expects growing market demand for lithium-ion battery solutions

  • Flux Power is evaluating financing alternatives and strategic partnerships for financial flexibility


Result Drivers

  • CUSTOMER RETURN - Co said largest material handling customer resumed orders after prior pause, contributing to Q1 results

  • MARKET EXPANSION - Co launched campaign targeting large fleet operators to broaden customer base

  • NEW VERTICALS - Co said early wins and follow-on orders in Robotics vertical contributed to Q1 performance


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Net Loss

$3.20 mln

Q1 Adjusted EBITDA

Miss

-$2.60 mln

-$2.08 mln (3 Analysts)

Q1 Gross Profit

$1.70 mln

Q1 Loss Per Share

$0.15


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • Wall Street's median 12-month price target for Flux Power Holdings Inc is $4.00, about 781.3% above its November 2 closing price of $0.45


Reuters Recommended Reads

  • Nov 2 - Tempus AI Q3 revenue slightly beats estimates; raises guidance


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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