With the combination of repeat customer orders and continued acquisition of new customer business, the company believes it can achieve revenue growth of $100 million and beyond within the next several years. We believe our products will benefit as electrification extends to material handling and other equipment supported by Flux as customers transition their entire fleets to clean energy solutions,” Dutt stated. “The recently passed Inflation Reduction Act includes tax and other incentives that are aimed at significantly accelerating the adoption of zero-emission technologies for commercial vehicles. “Our strategic initiatives to accelerate backlog conversion to shipments and increase inventory turns are also driving revenue results and gross margins that will lead toward profitability.”Īdditional order momentum is being driven by the accelerating renewable energy transition. “We believe new purchase orders in our fiscal year 2022 are a strong indicator of our potential to reach $70 million in annual revenue run rate in the near term,” said Ron Dutt, Flux Power chief executive officer. The combined orders exceeded $64 million and were over 82% above the order volume achieved in fiscal year 2021.īased on company estimates, purchase orders from new customers represented 26% of combined purchase orders, a number that bodes well for the company’s near-term objectives. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.Flux Power Holdings Inc., a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has received a record level of combined purchase orders from new and existing customers in its fiscal year 2022, ending June 30. compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We may also receive compensation if you click on certain links posted on our site. We may receive compensation from our partners for placement of their products or services. While we are independent, the offers that appear on this site are from companies from which receives compensation. Flux Power Holdings, Inc.į is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. The company sells its products directly to small companies and end-users, as well as through original equipment manufacturers, lift equipment dealers, and battery distributors. The company also provides 24-volt onboard chargers for its Class 3 Walkie pallet packs and smart wall mounted chargers to interface with its BMS. It offers battery management system (BMS) that provides cell balancing, charging, discharging, monitoring, and communication between the pack and the forklift. , designs, develops, manufactures, and sells lithium-ion energy storage solutions for lift trucks, airport ground support equipment, and other industrial and commercial applications in the North America. , through its subsidiary Flux Power, Inc. Flux Power overviewįlux Power Holdings, Inc. This would suggest that Flux Power's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns). The market (NASDAQ average) beta is 1, while Flux Power's is 1.137. volatility (beta: 1.00) Low Highīeta is a measure of a share's volatility in relation to the market. A popular way to gauge a stock's volatility is its "beta". Over the last 12 months, Flux Power's shares have ranged in value from as little as $2.06 up to $7.5. However, indirectly, the new 900% higher share price could have impacted the market appetite for Flux Power shares which in turn could have impacted Flux Power's share price. This wouldn't directly have changed the overall worth of your Flux Power shares – just the quantity. So if you had owned 10 shares the day before before the split, the next day you'd have owned 1 share. Have Flux Power's shares ever split?įlux Power's shares were split on a 1:10 basis on 12 July 2019. We're not expecting Flux Power to pay a dividend over the next 12 months. TTM: trailing 12 months Flux Power share dividends All international money transfer services.
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