Flux Power Holdings, Inc.

Listed Company

FLUXCIK 0001083743NasdaqNon-AcceleratedSmaller ReportingMiscellaneous Electrical Machinery, Equipment & SuppliesNevadaFY ends Jun 30

Period

FY 2025

Revenue

$66.43M

Net Income

$-6.70M

Total Assets

$34.75M

Equity

$-5.40M

Shares Out

21.34M

Op. Cash Flow

$600.0K

Business

Flux Power Holdings, Inc. designs, develops, manufactures, and sells advanced lithium‑ion energy storage solutions for electrification of industrial and commercial equipment. Its main products include modular, scalable lithium‑ion battery packs (Class 3 through larger forklift and GSE packs), proprietary battery management systems (SkyBMS), telemetry/energy management software (SkyEMS), and onboard and wall‑mounted smart chargers. The company operates through product development, manufacturing and assembly, OEM/private‑label programs, and service/support channels. It distributes primarily across North America via OEMs, equipment dealers, battery distributors and direct end‑user sales, with a focus on material handling and airport GSE markets.

Summary from filing dated 2025-09-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Revenues	66	61	66	42	26
Cost of sales	45	44	51	37	20
Gross profit	22	17	16	6	6
Selling and administrative	22	19	18	16	13
Research and development	4	5	5	6	7
Total operating expenses	27	24	22	22	19
Operating loss	−5	−7	−6	−16	−13
Interest income (expense), net	−2	−2	−1	−252,000	—
Net loss	−7	−8	−8	−16	−13
Net loss per share - basic	−0.4	−0.5	−0.48	−1.07	−1.08
Net loss per share - diluted	−0.4	−0.5	−0.48	−1.07	—
Weighted average number of common shares outstanding - basic	17	17	16	15	12
Weighted average number of common shares outstanding - diluted	17	17	16	15	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2025 2025-03-31	FY 2024 2024-06-30	FY 2024 2024-03-31	FY 2023 2023-12-31
Cash	1	—	600,000	1	2
Accounts receivable, net of allowance for credit losses of $68,000 and $55,000 at June 30, 2025 and 2024, respectively	11	—	10	10	13
Inventories, net	17	—	17	17	16
Other current assets	2	—	945,000	—	—
Total current assets	32	—	28	30	31
Right of use assets, net	1	—	2	2	2
Property, plant and equipment, net	2	—	2	2	2
Other assets	119,000	—	118,000	118,000	119,000
Total assets	35	—	32	34	35
Accounts payable	16	—	11	11	10
Accrued expenses	7	—	4	4	3
Line of credit	14	—	14	14	14
Subordinated debt	1	—	—	—	—
Deferred revenue	459,000	—	485,000	343,000	310,000
Customer deposits	38,000	—	18,000	18,000	232,000
Finance leases payable, current portion	80,000	—	156,000	153,000	150,000
Office leases payable, current portion	815,000	—	734,000	712,000	689,000
Accrued interest	246,000	—	126,000	136,000	130,000
Total current liabilities	40	—	31	30	29
Finance leases payable, less current portion	32,000	—	112,000	153,000	191,000
Office leases payable, less current portion	506,000	—	1	2	2
Total liabilities	40	—	32	32	31
Commitments and contingencies (Note 12)	—	—	—	—	—
Preferred stock, $0.001 par value; 500,000 shares authorized; none issued and outstanding	—	—	—	—	—
Common stock, $0.001 par value; 75,000,000 and 30,000,000 authorized at June 30, 2025 and 2024, respectively; 16,835,698 and 16,682,465 shares issued and outstanding at June 30, 2025 and 2024, respectively	17,000	—	17,000	17,000	17,000
Additional paid-in capital	101	—	100	100	99
Accumulated deficit	−106	4	−100	−97	−94
Total stockholders equity (deficit)	−5	—	194,000	2	4
Total liabilities and stockholders equity (deficit)	35	—	32	34	35

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	1	1	—	—	—
Stock-based compensation	979,000	2	798,000	711,000	797,000
Amortization of debt issuance costs	164,000	230,000	482,000	—	547,000
Non-cash lease expense	667,000	606,000	512,000	438,000	400,000
Inventory write downs	534,000	490,000	690,000	665,000	−195,000
Accounts receivable	−2	−973,000	−191,000	−3	−3
Inventories	−788,000	−1	−2	−6	−5
Other assets	−1	−163,000	−170,000	−549,000	—
Accounts payable	5	2	3	−530,000	3
Accrued expenses	3	745,000	972,000	−374,000	1
Accrued interest	120,000	124,000	−32,000	139,000	−38,000
Office leases payable	−734,000	−644,000	1,000	−1,000	—
Deferred revenue	−26,000	354,000	−518,000	−436,000	−1
Customer deposits	20,000	−64,000	−93,000	4,000	—
Net cash provided by (used in) operating activities	600,000	−5	−4	−24	−18
Purchases of equipment	−653,000	−853,000	−1	−797,000	−1
Net cash used in investing activities	−653,000	−853,000	−1	−797,000	−1
Proceeds from employee stock purchase plan exercises	97,000	141,000	—	—	—
Proceeds from subordinated debt borrowing	1	—	—	—	—
Proceeds from revolving line of credit	64	67	63	8	700,000
Payment of revolving line of credit	−65	−63	−58	−4	—
Payment of finance leases	−156,000	−148,000	−87,000	—	−28,000
Net cash provided by financing activities	734,000	4	6	20	23
Net change in cash	691,000	−2	2	−4	4
Common stock issued for vested RSUs	161,000	538,000	417,000	21,000	—
Warrants issued in connection with borrowing agreements, recorded as debt issuance cost	—	92,000	—	253,000	—
Interest paid	1	1	1	151,000	59,000

Filings

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