Flux Power signals lower near-term revenue as major customer imposes capital freeze, maintains focus on AI-driven products
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Flux Power Holdings, Inc. (FLUX) has indicated a potential decline in near-term revenue due to a major customer implementing a capital freeze. Despite this, CEO Krishna Vanka announced that the company achieved profitability for the first time, attributing this success to disciplined expense optimization and a sequential increase in revenue. The company is maintaining its focus on AI-driven products.
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