Flux Power Holdings, Inc.

Flux Power Holdings, Inc. designs and sells lithium-ion energy storage solutions for industrial equipment, with a core focus on material handling applications such as forklifts and walkie pallet jacks. The company also serves adjacent markets including airport ground support equipment, using its proprietary battery management system, modular pack designs, and telemetry-enabled SkyBMS offering.

−13,4 %

30,2 %

−17,7 %

−36,6 %

1.03

0.30

— Flux Power Holdings, Inc.
%
Material handling battery packs75% Lithium-ion energy storage packs used in forklifts, pallet jacks, and other lift equipment.
Airport GSE solutions15% Battery packs and related energy storage systems for airport ground support equipment.
Battery management systems and telemetry5% Proprietary BMS, SkyBMS, and related monitoring and control tools.
Adjacent industrial applications5% Energy storage solutions for other industrial equipment and end-user applications.

Flux sells through OEMs, lift equipment dealers, battery distributors, and direct to end users, with most demand coming...

  • OEMsprimary

    Buy battery packs for new lift trucks and industrial equipment to integrate into their product offerings.

  • Lift equipment dealersprimary

    Source replacement or bundled battery packs for forklift customers and fleet accounts.

  • Battery distributorsprimary

    Purchase packs for resale into the replacement market and customer-specified applications.

  • End users and national accountssecondary

    Buy directly for fleet upgrades, replacement of lead-acid systems, and operating efficiency gains.

  • Airport GSE operatorssecondary

    Buy lithium-ion packs for ground support equipment where uptime and durability matter.

The business is primarily North America-focused, with direct sales staff and service coverage across major geographies...

  • •Primary sales market is North America
  • •Direct sales coverage spans major North American geographies
  • •Nationwide dealer and distributor service network supports customers
  • •Vista, California is the headquarters and production site
  • •Imported components create exposure to tariffs and supply disruption

Flux is focused on expanding its product lineup, improving battery performance and reliability, and lowering production...

01
Gross margin improvementshort-term

Higher tariffs, lower-priced mix, and inventory costs have pressured margins.

02
Product development and R&Dmedium-term

New products and better battery management can expand addressable markets and support differentiation.

03
Market expansionmedium-term

Adjacent applications can diversify revenue beyond core forklift demand.

04
Capital preservation and financingshort-term

The company has relied on external funding to support operations and working capital.

Flux remains exposed to customer order timing, tariff-driven input cost inflation, and the cyclicality of forklift and...

critical

Going-concern and liquidity risk

Historical operating losses and limited cash require ongoing external funding.

Scope
Operations, working capital, and growth investment
Materiality
high
high

Tariff and import cost inflation

The company imports parts and materials, including from China, and tariffs can raise costs.

Scope
Gross margin and pricing competitiveness
Materiality
high
high

Customer spending delays

Large fleet customers may defer forklift purchases during uncertain macro conditions.

Scope
Revenue timing and order backlog
Materiality
high
high

Nasdaq Capital Market compliance

Past non-compliance could lead to delisting and reduced access to capital.

Scope
Share price, liquidity, financing flexibility
Materiality
high
medium

Competitive pressure

The market includes established battery makers and growing lithium-ion competitors.

Scope
Pricing, win rates, and margin structure
Materiality
medium
Revenue recognition timing
Quarterly comparability and channel mix
Inventory valuation and obsolescence
Gross margin and inventory carrying value
Warranty reserves
Accrued liabilities and operating expense
Going-concern assessment
Liquidity disclosures and investor perception

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: 28/04/2026