Flux Power | 8-K: FY2026 Q3 Revenue Misses Estimate at USD 6.588 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q3, the actual value is USD 6.588 M, missing the estimate of USD 9.888 M.
EPS: As of FY2026 Q3, the actual value is USD -0.15, missing the estimate of USD -0.0633.
EBIT: As of FY2026 Q3, the actual value is USD -2.991 M.
Third Quarter 2026 Financial Results
Gross Profit
Gross profit for the third fiscal quarter of 2026 was $1.8 million, representing 27.3% of revenue, compared to $5.3 million, or 32.0% of revenue, in the third fiscal quarter of 2025.
Operating Expenses
Operating expenses for the third quarter were $4.8 million, a 30% decrease year-over-year from $6.9 million in the prior year, primarily due to recent cost reduction actions including headcount reduction.
Operating Loss
The company recorded an operating loss of - $3.0 million for the third quarter, compared to an operating loss of - $1.6 million in the third fiscal quarter of 2025. Non-GAAP operating loss, excluding stock-based compensation, was - $2.8 million, compared to - $0.8 million in the prior year quarter.
Net Loss
Net loss for the third quarter was - $3.2 million, compared to a net loss of - $1.9 million in the third fiscal quarter of 2025. On a non-GAAP basis, the net loss was - $2.9 million, compared to - $1.1 million in the prior year quarter.
Adjusted EBITDA
Adjusted EBITDA for the third quarter was - $2.5 million, compared to - $0.5 million in the prior year period.
Nine Months Ended March 31, 2026 Financial Results
Gross Profit
Gross profit for the nine months ended March 31, 2026, was $10,460,000, compared to $15,968,000 for the same period in 2025.
Total Operating Expenses
Total operating expenses for the nine months ended March 31, 2026, were $14,834,000, compared to $20,236,000 for the same period in 2025.
Operating Loss
The operating loss for the nine months ended March 31, 2026, was - $4,374,000, compared to - $4,268,000 for the same period in 2025. Non-GAAP operating loss was - $3,640,000, compared to - $1,527,000 for the same period in 2025.
Net Loss
Net loss for the nine months ended March 31, 2026, was - $5,136,000, compared to - $5,495,000 for the same period in 2025. Non-GAAP net loss was - $4,402,000, compared to - $2,754,000 for the same period in 2025.
Adjusted EBITDA
Adjusted EBITDA for the nine months ended March 31, 2026, was - $2,994,000, compared to - $777,000 for the same period in 2025.
Balance Sheet Metrics (as of March 31, 2026)
Cash
Cash stood at $0.4 million as of March 31, 2026, down from $1.3 million as of June 30, 2025.
Accounts Receivable, net
Accounts receivable, net, was $3,864,000, compared to $11,374,000 as of June 30, 2025.
Inventories, net
Inventories, net, totaled $16,656,000, compared to $17,231,000 as of June 30, 2025.
Total Current Assets
Total current assets were $23,431,000, compared to $31,804,000 as of June 30, 2025.
Total Assets
Total assets were $25,602,000, compared to $34,752,000 as of June 30, 2025.
Accounts Payable
Accounts payable was $8,268,000, compared to $16,295,000 as of June 30, 2025.
Total Current Liabilities
Total current liabilities were $20,592,000, compared to $39,618,000 as of June 30, 2025.
Total Liabilities
Total liabilities were $20,989,000, compared to $40,156,000 as of June 30, 2025.
Total Stockholders’ Equity (Deficit)
Total stockholders’ equity (deficit) was $4,613,000, an improvement from - $5,404,000 as of June 30, 2025.
Operational Highlights
Flux Power Holdings, Inc. won the Innovation in Sustainability Award at MODEX 2026. The company optimized its OEM pricing structure, secured increased volume commitments, and added a new large cargo airline customer with a $1.2 million battery order.
Outlook/Guidance
Flux Power Holdings, Inc. anticipates renewed sequential revenue growth of about 20% in the fourth quarter. Management remains focused on strategic initiatives and capitalizing on opportunities in the growing global lithium-ion battery industry.