Flux Power Holdings, Inc. (FLUX) Form 10-Q — Nov 3, 2026
Flux Power's fiscal Q1 2027 10-Q shows revenue collapsing 49% year over year to $6.76 million, with the net loss widening to $3.17 million from $2.56 million and gross margin slipping to 25% from 29%. The company disclosed substantial doubt about its ability to continue as a going concern, with just $0.4 million in cash and an accumulated deficit of $117.0 million. It remains in default under its Gibraltar Business Capital credit facility, and the Seventh Amendment requires it to raise at least $4.0 million of equity net proceeds within 50 days or face an immediate new event of default.
Key figures
- Revenue
- 6758000
- Total Debt
- 6285000
- Revenue Yoy
- -49%
- Total Assets
- 23543000
- Cash Position
- 409000
- Shares Outstanding
- 21963702
- Cef capacity
- 40000000
- Gross margin
- 25%
- Gross profit
- 1673000
- Gbc available
- 9700000
- Order backlog
- 2577000
- Gbc facility size
- 16000000
- Prior year revenue
- 13175000
- Accumulated deficit
- 117004000
- Cef threshold price
- 0.5
- Operating cash flow
- 423000
- Stock price oct30 2026
- 0.43
- Equity raise requirement
- 4000000
AI analysis
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