Overview

* Flux Power ( FLUX ) fiscal Q1 revenue declines to $13.2 mln, missing analyst expectations, vs $16.1 mln yr ago

* Adjusted loss per share for fiscal Q1 misses analyst expectations

* Company raised $13.8 mln in new capital to support growth initiatives

Outlook

* Flux Power ( FLUX ) sees a rebound in order activity in the second quarter

* Company plans to use $13.8 mln raised for working capital

Result Drivers

* ORDER REBOUND - Co reports rebound in order activity in Q2 with multi-million-dollar orders from material handling customers and new airline customer

* SKYEMS SOFTWARE - Co graduated SkyEMS 2.0 SaaS platform from beta to production, gaining multiple paying customers

* UL LISTINGS - Co received UL EE and UL 1973 Listings, expanding market opportunities in various industries

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Miss $13.20 $14.29

Revenue mln mln (2

Analysts

)

Q1 Miss -$0.14 -$0.08

Adjusted (2

EPS Analysts

)

Q1 Net -$2.60

Income mln

Q1 Miss -$1.70 -$786,00

Adjusted mln 0 (2

EBITDA Analysts

)

Q1 Basic -$0.15

EPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* Wall Street's median 12-month price target for Flux Power Holdings Inc ( FLUX ) is $6.00, about 60.5% above its November 12 closing price of $2.37

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)