Flux Power Reaches Settlement Agreement in Shareholder Derivative Action
Flux Power Holdings provided the following notice of an Order from the United States District Court for the Southern District of California related to the proposed settlement of derivative action: "You are hereby notified, pursuant to the December 8, 2025 Preliminary Approval Order entered in the above-captioned shareholder derivative action, that a Stipulation and Agreement of Settlement dated August 12, 2025 has been entered to resolve the shareholder derivative claims pending on behalf of nominal defendant Flux Power in the United States District Court for the Southern District of California. The Action arises from allegations that the Individual Defendants breached their fiduciary duties as officers and directors of Flux Power by making false and/or misleading statements and/or failing to disclose that: (i) Flux Power's financial statements from November 10, 2022 to the filing of the Complaint included, among other things, overstated inventory, gross profit, current assets, and total assets; (ii) Flux Power understated its cost of sales and net loss; (iii) as a result, Flux Power would need to restate its previously filed financial statements from November 10, 2022 to the filing of the Complaint; (iv) Flux Power understated its internal control weaknesses and/or stated that it had adequate internal controls when it did not; and (v) as a result, the Individual Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis. As a result of this alleged wrongdoing, the Action alleges the Company suffered damage. In connection with, and conditioned upon, the Settlement, Flux Power has agreed to implement and/or maintain corporate governance reforms, as defined and set forth in the Stipulation. The Parties believe that the Settlement is fair, reasonable, and in the best interests of the Company and its stockholders"
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Flux Power to Report Q2 2026 Results on February 12
- Earnings Release Schedule: Flux Power Holdings is set to report its fiscal Q2 2026 results on February 12, 2026, after market close, which is expected to provide critical insights into the company's financial performance and market positioning.
- Executive Conference Call: CEO Krishna Vanka and CFO Kevin Royal will host a conference call at 4:30 p.m. ET to discuss the financial results and engage in a Q&A session with analysts and investors, enhancing transparency and communication.
- Call Participation Details: Analysts and investors can join the call by dialing 1-833-630-1956 or the international number +1-412-317-1837, ensuring timely access to the company's latest developments and insights.
- Replay Information: For those unable to attend the live call, a replay will be available approximately two hours after the call, accessible via 1-855-669-9658, allowing for broad dissemination and accessibility of the information shared during the call.
Flux Power Holdings, Inc. Class Action Settlement Proposal Approved for $1.75 Million
- Settlement Amount: The U.S. District Court for the Southern District of California has approved a proposed class action settlement for Flux Power Holdings, Inc. involving $1.75 million, aimed at compensating investors who purchased stock between November 15, 2021, and February 14, 2025, reflecting the court's commitment to investor rights.
- Hearing Schedule: A hearing is set for April 2, 2026, to evaluate the fairness and adequacy of the settlement proposal, which, if approved, will provide compensation to affected shareholders, thereby enhancing investor confidence in the market.
- Claim Submission: Affected shareholders must submit a claim by March 3, 2026, to share in the distribution of the Net Settlement Fund, emphasizing the importance of timely action, which may influence investor participation and the smooth execution of the settlement.
- Exclusion Requests: Investors wishing to opt-out of the settlement class must submit a request by March 12, 2026; those who do not will be bound by the settlement judgment, reminding investors to be vigilant about protecting their rights.
Plug Power Continues to Struggle with Margin Issues: Is a Turnaround Possible?
Plug Power's Financial Struggles: Plug Power Inc. continues to face significant margin challenges, with its gross margin worsening from negative 57.6% to negative 67.9% year-over-year, resulting in a gross loss of $120 million in Q3 2025.
Impairment Charges and Asset Write-Downs: The company incurred over $97 million in impairment charges due to project execution issues and customer disputes, leading to reductions in the value of various assets.
Long-Term Recovery Plans: Despite ongoing difficulties, Plug Power is focused on long-term recovery by reducing input costs, tightening spending, and expanding its electrolyzer capacity and hydrogen plant development.
Comparative Industry Performance: While Plug Power's shares have only gained 1.4% year-to-date, peers like Bloom Energy have seen significant gross profit increases, highlighting the competitive challenges Plug Power faces in the industry.
Transcript of Flux Power (FLUX) Earnings Call for Q1 2026
- Author's Perspective: The views and opinions presented are solely those of the author.
- No Official Endorsement: The content does not necessarily reflect the views of Nasdaq, Inc.
Flux Power details $1B market growth strategy and cost reduction efforts while enhancing software and product certifications.
Management Insights: CEO Krishna Vanka reported a temporary pause in customer orders due to tariff uncertainties and macroeconomic caution, but noted a rebound in order activity with significant multimillion-dollar orders and a doubling of airline customers.
Financial Performance: For Q1 2026, revenue was $13.2 million with a gross margin of 28.6%, reflecting a decline from the previous year, alongside a net loss of $2.6 million.
Strategic Initiatives: The company is focused on profitable growth, operational efficiencies, and expanding into new market segments, having completed capital raises totaling $13.8 million to support product development and working capital needs.
Outlook and Risks: Management expressed cautious optimism about order recovery in the second half of the year, while acknowledging ongoing challenges from tariffs and macroeconomic factors that have impacted order flow and margins.
Flux Power Shares Plunge 35% Following $9.6 Million Stock Offering Announcement
Stock Performance: Flux Power Holdings, Inc. (FLUX) experienced a significant drop of 34.97%, closing at $2.38 after announcing a public offering of 3.8 million shares priced at $2.50 each.
Trading Activity: The stock opened at $3.45, peaked at $3.50, and hit a low of $2.35, with trading volume notably exceeding average levels.
52-Week Range: FLUX's stock has a 52-week trading range between approximately $2.10 and $8.40.
Disclaimer: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.
Flux Power to Report Q2 2026 Results on February 12
- Earnings Release Schedule: Flux Power Holdings is set to report its fiscal Q2 2026 results on February 12, 2026, after market close, which is expected to provide critical insights into the company's financial performance and market positioning.
- Executive Conference Call: CEO Krishna Vanka and CFO Kevin Royal will host a conference call at 4:30 p.m. ET to discuss the financial results and engage in a Q&A session with analysts and investors, enhancing transparency and communication.
- Call Participation Details: Analysts and investors can join the call by dialing 1-833-630-1956 or the international number +1-412-317-1837, ensuring timely access to the company's latest developments and insights.
- Replay Information: For those unable to attend the live call, a replay will be available approximately two hours after the call, accessible via 1-855-669-9658, allowing for broad dissemination and accessibility of the information shared during the call.
Flux Power Holdings, Inc. Class Action Settlement Proposal Approved for $1.75 Million
- Settlement Amount: The U.S. District Court for the Southern District of California has approved a proposed class action settlement for Flux Power Holdings, Inc. involving $1.75 million, aimed at compensating investors who purchased stock between November 15, 2021, and February 14, 2025, reflecting the court's commitment to investor rights.
- Hearing Schedule: A hearing is set for April 2, 2026, to evaluate the fairness and adequacy of the settlement proposal, which, if approved, will provide compensation to affected shareholders, thereby enhancing investor confidence in the market.
- Claim Submission: Affected shareholders must submit a claim by March 3, 2026, to share in the distribution of the Net Settlement Fund, emphasizing the importance of timely action, which may influence investor participation and the smooth execution of the settlement.
- Exclusion Requests: Investors wishing to opt-out of the settlement class must submit a request by March 12, 2026; those who do not will be bound by the settlement judgment, reminding investors to be vigilant about protecting their rights.
Plug Power Continues to Struggle with Margin Issues: Is a Turnaround Possible?
Plug Power's Financial Struggles: Plug Power Inc. continues to face significant margin challenges, with its gross margin worsening from negative 57.6% to negative 67.9% year-over-year, resulting in a gross loss of $120 million in Q3 2025.
Impairment Charges and Asset Write-Downs: The company incurred over $97 million in impairment charges due to project execution issues and customer disputes, leading to reductions in the value of various assets.
Long-Term Recovery Plans: Despite ongoing difficulties, Plug Power is focused on long-term recovery by reducing input costs, tightening spending, and expanding its electrolyzer capacity and hydrogen plant development.
Comparative Industry Performance: While Plug Power's shares have only gained 1.4% year-to-date, peers like Bloom Energy have seen significant gross profit increases, highlighting the competitive challenges Plug Power faces in the industry.
Transcript of Flux Power (FLUX) Earnings Call for Q1 2026
- Author's Perspective: The views and opinions presented are solely those of the author.
- No Official Endorsement: The content does not necessarily reflect the views of Nasdaq, Inc.
Flux Power details $1B market growth strategy and cost reduction efforts while enhancing software and product certifications.
Management Insights: CEO Krishna Vanka reported a temporary pause in customer orders due to tariff uncertainties and macroeconomic caution, but noted a rebound in order activity with significant multimillion-dollar orders and a doubling of airline customers.
Financial Performance: For Q1 2026, revenue was $13.2 million with a gross margin of 28.6%, reflecting a decline from the previous year, alongside a net loss of $2.6 million.
Strategic Initiatives: The company is focused on profitable growth, operational efficiencies, and expanding into new market segments, having completed capital raises totaling $13.8 million to support product development and working capital needs.
Outlook and Risks: Management expressed cautious optimism about order recovery in the second half of the year, while acknowledging ongoing challenges from tariffs and macroeconomic factors that have impacted order flow and margins.
Flux Power Shares Plunge 35% Following $9.6 Million Stock Offering Announcement
Stock Performance: Flux Power Holdings, Inc. (FLUX) experienced a significant drop of 34.97%, closing at $2.38 after announcing a public offering of 3.8 million shares priced at $2.50 each.
Trading Activity: The stock opened at $3.45, peaked at $3.50, and hit a low of $2.35, with trading volume notably exceeding average levels.
52-Week Range: FLUX's stock has a 52-week trading range between approximately $2.10 and $8.40.
Disclaimer: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.
