---
title: "Weekly Recap: 2026 $7.4M net loss and VP hire with OEM cert"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296779864.md"
description: "Flux Power Holdings (NASDAQ: FLUX) reported a fiscal 2026 net loss of $7.4M and adjusted EBITDA of -$4.5M, attributing non-GAAP figures to cost cuts and restatement adjustments. Concurrently, the company hired Stu Jacover as VP of Material Handling sales, launched broader marketing initiatives, and secured a major OEM certification to expand its market presence."
datetime: "2026-08-24T11:21:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296779864.md)
  - [en](https://longbridge.com/en/news/296779864.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296779864.md)
generator: "portal-rs"
---

# Weekly Recap: 2026 $7.4M net loss and VP hire with OEM cert

Flux Power Holdings, Inc. (NASDAQ:FLUX) reported a fiscal 2026 net loss of $7.4M ($0.38/sh) and adjusted EBITDA negative $4.5M, saying non‑GAAP figures reflect cost cuts and restatement adjustments, while hiring Stu Jacover, launching broader marketing and winning a major OEM certification to grow Material Handling sales.

**Previous Week Recap**

-   **Flux Power, Inc. Net Loss, Adjusted EBITDA**: Flux Power (FLUX) posted fiscal 2026 net loss $7.4M, $0.38/share, and adjusted EBITDA negative $4.5M; company says non-GAAP figures reflect cost cuts and restatement adjustments. GlobeNewswire
-   **Flux Power, Inc. New VP and OEM Certification**: Flux Power (FLUX) named Stu Jacover VP of Material Handling sales, launched marketing to broaden customers, and won OEM certification with a major OEM to expand its Material Handling market. TradingView

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**