June 18, 2021
Business News

Flux Power Announces Record Quarterly Revenue of $7.0M for Third Quarter of FY 2021; Increase of 38% YOY

VISTA, Calif.–()–Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion industrial batteries for commercial and industrial equipment, today reported financial results for its third quarter of fiscal year 2021 (Q3’21).

Financial Highlights:

  • Q3’21 revenue grew 38% to a record $7.0M compared to Q3’20 revenue of $5.1M.
  • Q3’21 gross margin increased to 24.1% compared to 12.8% in Q3’20.

Strategic Highlights:

  • Achieved 11th consecutive quarter of year-over-year revenue growth.
  • Received initial orders for two major new customers – a global packaging company and a paper & chemicals manufacturer/distributor.
  • Continued progress on increasing gross margins.
  • Launched the…

Click here to view the original article.

Related Posts

You might also like ...

Dan Stahlschmidt Joins Academy Securities as Managing Director, Head of Equity Capital Markets
AON Splash Image
eCommerce Funding and Payments Leader Payability Hires VP of Growth Marketing
AON Splash Image
Arkema Announces a New Breakthrough Range of Renewable PVDF Grades for Lithium-Ion Batteries