9/3/2023 0 Comments Flux power logo![]() ![]() Speaker: Chief Executive Officer Ron Dutt, Chief Financial Officer Chuck Scheiweįor more information on the LD Micro Invitational XIII Conference, or to schedule a one-on-one meeting with Flux Power management, please contact your conference representative or you may also email your request to or call Chris Tyson at (949) 491-8235.įlux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. Presentation Time: Tuesday, Jat 1:30 pm ET (10:30 am PT) in TRACK 1įormat: In-person 1x1’s and Presentations LD Micro Main Event Invitational XIII Conference (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will present at the LD Micro Invitational XIII Conference being held at the Luxe Sunset Boulevard Hotel in Los Angeles, CA June 6 - 8, 2023.įlux Power Chief Executive Officer Ron Dutt and Chief Financial Officer Chuck Scheiwe will conduct in-person one-on-one meetings during the conference to discuss the recently reported strong fiscal third quarter 2023 financial results with Revenue up 14% to $15.1 million, Gross profit up 146% to $4.7 million, Gross Margin of 31% and Order Backlog of $31.4 million as of May 8, 2023, and deliver the Company’s presentation which can be viewed live and via replay at the webcast link below and will also be available on the Flux Power investor relations website at ir. It does not store any personal data.VISTA, Calif.-( BUSINESS WIRE)- Flux Power Holdings, Inc. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. As the customer base increases, Flux Power anticipates seeing a smoother, more stable, growth trajectory based on increasing customers and orders. The gross profit margin improvement program is beginning to see traction as the company implements a series of clearly defined activities to advance technology, design, production and purchasing efficiencies. We are well on our way to achieving this goal.”įlux Power anticipates FY’20 revenue to continue to increase rapidly reflecting: (i) rollout and growth of full product line of LiFT Packs (ii) increasing demand for its private label products and (iii) the strength of its current order backlog. Our strategic priority for the next twelve months is to complement such strong revenue growth with significant improvement in our gross profit margins. “We are pleased to see recent revenue growth from our full product line of forklifts and airport GSE,” said Flux Power CEO Ron Dutt, “Our relationships with Fortune 500 customers and forklift OEMs continue to expand, and we are nearing completion of UL Listings on our full product lineup for forklifts. Meanwhile increased sales efforts generated a record order backlog of approximately $10M at the end of Q2 ’20, driven by orders across the full line of forklifts and airport GSE. Gross margins for the period improved by 9.0%,driven by the Company’s gross margin initiative. Highlights include a revenue increase of 33% to $3.6M, reflecting the continuation of strong growth from the rollout of a full product line of packs for forklifts, along with increased unit volume and a higher percentage of larger packs. ![]() California based Flux Power Holdings, a developer of advanced lithium-ion batteries for commercial and industrial equipment including electric forklifts and airport ground support equipment has reported results for its fiscal year 2020 second quarter ended Decem(Q2 ’20). ![]()
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