Flux Power Q1 Revenue Plummets 61% YoY to $6.59M, EPS Misses Estimates at $(0.15)
FLUX sits 19% above its 52-week low of $0.97.
Summary
Flux Power Holdings reported significantly weaker Q1 2026 results, with revenue plummeting 61% year-over-year to $6.59 million and a diluted EPS loss of $(0.15). This performance is substantially worse than analyst expectations, which anticipated a loss of 6 cents per share and a 40.9% revenue decline. The company also reported a wider net loss of $3.18 million and a declining order backlog of $5.3 million, attributed to major customer capital expenditure reductions and tariff pressures. These results exacerbate concerns about the company's financial stability, especially following its Q2 2026 disclosure of substantial doubt about its ability to continue as a going concern. Traders will be closely watching for any further updates on operational improvements, new customer acquisitions, and the company's ability to address its going concern status.
At the time of this announcement, FLUX was trading at $1.15 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $27.7M. The 52-week trading range was $0.97 to $7.55. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Wiseek News.