Flux Power Secures Over $3.6M in Orders to Support Airline Customer
Flux Power announced that it has secured more than $3.6M in additional purchase orders to support a long-standing airline customer. This marks another milestone for the company's leadership and its continued growth in the aviation sector. The renewed commitment from a recurring customer reflects proven performance and reliability, reinforcing the company's role as a trusted partner for mission-critical operations at airports across North America. "Our customers count on us to deliver high quality intelligent energy systems that improve reliability, streamline operations, and support long-term sustainability goals," said Jeff Mason, Chief Operating Officer of Flux Power. "These orders highlight the value of our technology and the confidence the aviation market has in our solutions. We are committed to delivering data-driven energy systems that empower airlines to operate smarter and safer."
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- 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.

- 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'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.

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.

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.








