Overview
Flux Power fiscal Q1 revenue declines to $13.2 mln, missing analyst expectations, vs $16.1 mln yr ago
Adjusted loss per share for fiscal Q1 misses analyst expectations
Company raised $13.8 mln in new capital to support growth initiatives
Outlook
Flux Power sees a rebound in order activity in the second quarter
Company plans to use $13.8 mln raised for working capital
Result Drivers
ORDER REBOUND - Co reports rebound in order activity in Q2 with multi-million-dollar orders from material handling customers and new airline customer
SKYEMS SOFTWARE - Co graduated SkyEMS 2.0 SaaS platform from beta to production, gaining multiple paying customers
UL LISTINGS - Co received UL EE and UL 1973 Listings, expanding market opportunities in various industries
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Miss | $13.20 mln | $14.29 mln (2 Analysts) |
Q1 Adjusted EPS | Miss | -$0.14 | -$0.08 (2 Analysts) |
Q1 Net Income | -$2.60 mln | ||
Q1 Adjusted EBITDA | Miss | -$1.70 mln | -$786,000 (2 Analysts) |
Q1 Basic EPS | -$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 $6.00, about 60.5% above its November 12 closing price of $2.37
Press Release: ID:nGNX8J1jCj
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(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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