Flux Power Holdings, Inc. (FLUX) Q1 2026 Earnings Call Transcript
Revenue $13.2 million, a decrease from $16.1 million in the same quarter last year (-18%). The decrease was driven mainly due to a pause in customer orders as a result of tariff uncertainty and macroeconomic concerns.
Gross Margin 28.6%, a decrease from 32.4% in the prior year period (-3.8 percentage points). The decrease resulted mainly from lower sales combined with a shift in mix to lower energy capacity products, which have lower gross margins.
Operating Expenses $5.9 million, a decrease from $6.4 million in the first quarter of 2025 (-7.8%). The decrease reflects the benefits of cost reduction initiatives, including rightsizing the workforce to match current operating levels.
Net Loss $2.6 million or $0.15 per share, compared to $1.7 million or $0.10 per share in the first quarter of 2025 (a larger loss of $0.9 million). The increase in net loss was due to lower revenue and margins.
Non-GAAP Net Loss $2.4 million or $0.14 per share, compared to $1.1 million or $0.06 per share in the prior year period (a larger loss of $1.3 million).
Adjusted EBITDA Negative $1.7 million, compared to negative $0.4 million in the same quarter a year ago (a larger loss of $1.3 million). This reflects the lower revenue and margins in the quarter.
Cash and Cash Equivalents $1.6 million, an increase from $0.6 million a year ago and $1.3 million in the prior quarter. The increase was supported by capital raises subsequent to the quarter end.
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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.
