Flux Power recently reported a sequential rebound in fiscal fourth-quarter revenue as customer orders improved and the company entered a new vertical market, although sales remained roughly half their year-earlier level.
Revenue reached $8.2 million for the fiscal fourth quarter ended June 30, 2026, up 25% from $6.6 million in the preceding quarter. Compared with $16.7 million in the fourth quarter of fiscal 2025, however, revenue declined approximately 51%.
Flux Power said the sequential improvement reflected increased customer orders and shipments into a new vertical market and came slightly ahead of expectations management had communicated during the previous quarter.
Gross profit increased sequentially to $2.3 million from $1.8 million, while gross margin remained essentially stable at 27.4% compared with 27.3%. On a year-over-year basis, gross profit declined from $5.8 million and gross margin contracted from 34.5%.
At the same time, Flux Power continued cutting its cost structure. Fourth-quarter operating expenses declined to $4.4 million from $6.5 million a year earlier, a reduction of approximately 33%. The company attributed the decrease primarily to headcount reductions and efforts to streamline its operating model, while the prior-year period also included costs related to the restatement of financial statements.
The operating loss improved sequentially to $2.1 million from $3 million but remained wider than the $0.8 million loss reported a year earlier.
Net loss was $2.3 million, or $0.11 per share, compared with $3.2 million sequentially and $1.2 million in the prior-year period. Adjusted EBITDA improved sequentially to negative $1.6 million from negative $2.5 million.
Flux Power also launched SkyEMS 3.0, adding AI-powered fleet-management capabilities, predictive analytics and customizable dashboards. The company received certification from a new major OEM, which management believes expands its addressable market in material handling.
KEY QUOTES:
“Fourth quarter revenue increased 25% sequentially, slightly ahead of the expectations we conveyed on last quarter’s call.”
Krishna Vanka, CEO of Flux Power
