NASDAQ: FLUX
Flux Power Holdings, Inc.CIK 0001083743 · SIC 3690 · Miscellaneous Electrical Equipment
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Flux Power Holdings files prospectus for resale of up to 38.5M shares by Roth Principal Investments
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Latest financial statements
From 10-K filed Aug 20, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations
| Description | Fiscal year ended June 30, 2026 | Fiscal year ended June 30, 2025 |
|---|---|---|
| Revenues | 42,132,000 | 66,434,000 |
| Cost of sales | 29,415,000 | 44,694,000 |
| Gross profit | 12,717,000 | 21,740,000 |
| Operating expenses: | ||
| Selling, general and administrative | 16,377,000 | 22,304,000 |
| Research and development | 2,814,000 | 4,464,000 |
| Total operating expenses | 19,191,000 | 26,768,000 |
| Operating loss | (6,474,000) | (5,028,000) |
| Other expense, net | (121,000) | (81,000) |
| Interest expense, net | (853,000) | (1,565,000) |
| Net loss | (7,448,000) | (6,674,000) |
| Net loss per share basic and diluted | (0.38) | (0.40) |
| Weighted average number of common shares outstanding basic and diluted | 19,826,095 | 16,717,761 |
Consolidated Balance Sheets
| Description | June 30, 2026 | June 30, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash | 305,000 | 1,334,000 |
| Accounts receivable, net of allowance for credit losses of $70,000 and $68,000 at June 30, 2026 and 2025, respectively | 4,862,000 | 11,374,000 |
| Inventories, net | 14,752,000 | 17,231,000 |
| Other current assets | 781,000 | 1,865,000 |
| Total current assets | 20,700,000 | 31,804,000 |
| Right of use assets, net | 2,167,000 | 1,275,000 |
| Fixed assets, net of accumulated depreciation of $2,034,000 and $1,700,000 at June 30, 2026 and 2025, respectively | 476,000 | 708,000 |
| Intangible assets, net of accumulated amortization of $2,459,000 and $1,969,000 at June 30, 2026 and 2025, respectively | 763,000 | 846,000 |
| Other assets | 92,000 | 119,000 |
| Total assets | 24,198,000 | 34,752,000 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | 8,473,000 | 16,295,000 |
| Accrued expenses | 4,124,000 | 7,058,000 |
| Line of credit | 6,303,000 | 13,627,000 |
| Subordinated debt | - | 1,000,000 |
| Deferred revenue | 144,000 | 459,000 |
| Customer deposits | 31,000 | 38,000 |
| Finance leases payable, current portion | 52,000 | 80,000 |
| Office leases payable, current portion | 862,000 | 815,000 |
| Accrued interest | 58,000 | 246,000 |
| Total current liabilities | 20,047,000 | 39,618,000 |
| Long term liabilities: | ||
| Finance leases payable, less current portion | 19,000 | 32,000 |
| Office leases payable, less current portion | 1,274,000 | 506,000 |
| Deferred revenue, less current portion | 300,000 | - |
| Total liabilities | 21,640,000 | 40,156,000 |
| Commitments and contingencies (Note 9 and 13) | ||
| Stockholders’ equity (deficit): | ||
| Preferred stock, $.001 par value; 3,000,000 and 500,000 shares authorized at June 30, 2026 and 2025, respectively; none issued and outstanding | - | - |
| Common stock, $0.001 par value; 75,000,000 shares authorized; 21,580,992 and 16,835,698 issued and outstanding at June 30, 2026 and 2025, respectively | 22,000 | 17,000 |
| Additional paid-in capital | 116,370,000 | 100,965,000 |
| Accumulated deficit | (113,834,000) | (106,386,000) |
| Total stockholders’ equity (deficit) | 2,558,000 | (5,404,000) |
| Total liabilities and stockholders’ equity (deficit) | 24,198,000 | 34,752,000 |
Consolidated Statements of Cash Flows
| Description | Fiscal year ended June 30, 2026 | Fiscal year ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | (7,448,000) | (6,674,000) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 824,000 | 849,000 |
| Stock-based compensation (See F-24) | 973,000 | 979,000 |
| Amortization of debt issuance costs | 71,000 | 164,000 |
| Allowance for credit losses | 4,000 | 23,000 |
| Non-cash lease expense | 894,000 | 820,000 |
| Inventory write downs (See F-8) | 658,000 | 534,000 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 6,508,000 | (1,746,000) |
| Inventories | 1,821,000 | (788,000) |
| Other assets | (247,000) | (1,085,000) |
| Accounts payable | (7,820,000) | 5,022,000 |
| Accrued expenses | (2,934,000) | 3,132,000 |
| Accrued interest | (15,000) | 120,000 |
| Office leases payable | 815,000 | (734,000) |
| Deferred revenue | (15,000) | (26,000) |
| Customer deposits | (7,000) | 20,000 |
| Net cash (used in) provided by operating activities | (5,918,000) | 610,000 |
| Cash flows from investing activities: | ||
| Purchases of equipment | (509,000) | (653,000) |
| Net cash used in investing activities | (509,000) | (653,000) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of preferred and common stock warrants under Private Placement | 3,826,000 | - |
| Offering costs for issuance of preferred and common stock warrants | (652,000) | - |
| Proceeds from issuance of common stock under Public Offering | 11,041,000 | - |
| Offering costs for issuance of common stock under the Public Offering | (1,280,000) | - |
| Proceeds from the issuance of common stock under the CEF | 19,000 | - |
| Offering costs for issuance of common stock under the CEF | (389,000) | - |
| Proceeds from subordinated debt borrowing | - | 1,000,000 |
| Proceeds from stock option exercises and employee stock purchase plan purchases | 311,000 | 97,000 |
| Proceeds from revolving line of credit | 54,445,000 | 64,463,000 |
| Payment of revolving line of credit | (61,769,000) | (64,670,000) |
| Cost to amend line of credit agreement | (113,000) | - |
| Payment of finance leases | (41,000) | (156,000) |
| Net cash provided by financing activities | 5,398,000 | 734,000 |
| - | ||
| Net change in cash | (1,029,000) | 691,000 |
| Cash, beginning of period | 1,334,000 | 643,000 |
| Cash, end of period | 305,000 | 1,334,000 |
| Supplemental Disclosures of Non-Cash Investing and Financing Activities: | ||
| Right-of-use asset recognition | 1,787,000 | - |
| Preferred and common stock warrants issued under Private Placement in exchange for settlement of subordinated debt, including interest accrued | 1,173,000 | - |
| Common stock issued for vested RSUs | 224,000 | 161,000 |
| Supplemental Cash Flow Information: | ||
| Cash paid for income taxes, net of refunds, by jurisdiction is as follows: | ||
| State (California) | 800 | 800 |
| Interest paid | 1,044,000 | 1,235,000 |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗