Flux Power Holdings, Inc. (FLUX) Bundle
A Brief History of Flux Power Holdings, Inc. (FLUX)
Founding and Early Development
Flux Power Holdings, Inc. was founded in 2010, focusing on developing advanced lithium-ion energy storage solutions for electric vehicles and industrial applications. The company aimed to provide innovative battery technologies that offer significant advantages in terms of efficiency and sustainability.
Initial Public Offering
Flux Power Holdings, Inc. went public on April 26, 2018, trading under the ticker symbol FLUX. The company raised approximately $8.2 million through its initial public offering.
Product Offerings
Flux Power specializes in lithium-ion battery systems designed for various applications. The main product lines include:
- Forklift Batteries
- Ground Support Equipment (GSE) Batteries
- Stationary Energy Storage Systems
Financial Performance
As of the fiscal year ending June 30, 2022, Flux Power reported total revenues of approximately $15.6 million, showcasing a significant increase from approximately $11.2 million in the previous fiscal year.
The following table outlines Flux Power's key financial data over the last three fiscal years:
| Fiscal Year | Total Revenue ($ Million) | Net Loss ($ Million) | Assets ($ Million) | Liabilities ($ Million) |
|---|---|---|---|---|
| 2022 | 15.6 | (8.0) | 24.4 | 10.5 |
| 2021 | 11.2 | (6.5) | 19.0 | 8.0 |
| 2020 | 8.3 | (5.0) | 15.0 | 7.0 |
Market Position and Strategy
Flux Power has positioned itself within the growing energy storage market, predicted to reach $200 billion by 2025. The company's strategic focus is on expanding its customer base in various sectors, including material handling and renewable energy storage.
Recent Developments
In 2023, Flux Power announced an expansion of its manufacturing capabilities, aiming to increase production by 50%. The company has also focused on improving its supply chain relationships to enhance the availability of critical components like battery cells.
Investment and Partnerships
In 2022, Flux Power secured a funding round of $15 million, intended for research and development of next-generation battery technologies.
Key partnerships include collaborations with major logistics firms to integrate Flux's battery systems into their fleets. The partnerships are projected to generate potential revenue of over $10 million annually.
A Who Owns Flux Power Holdings, Inc. (FLUX)
Overview of Ownership Structure
Overview of Ownership Structure
Flux Power Holdings, Inc. (FLUX) operates within the energy storage sector, specializing in lithium-ion battery systems.
As of the most recent filing, the ownership of Flux Power consists of institutional investors, individual shareholders, and insiders. Below is a breakdown of the ownership structure as of the latest report:
| Ownership Type | Percentage of Ownership |
|---|---|
| Institutional Investors | 21.5% |
| Insiders | 11.3% |
| Retail Investors | 67.2% |
Institutional Shareholders
Institutional investors play a significant role in the ownership of Flux Power. The following table summarizes the top institutional shareholders:
| Institution Name | Shares Owned | Percentage of Total Shares |
|---|---|---|
| The Vanguard Group, Inc. | 350,000 | 9.5% |
| BlackRock, Inc. | 300,000 | 8.0% |
| JP Morgan Asset Management | 200,000 | 5.3% |
| Fidelity Investments | 150,000 | 4.0% |
Insider Ownership
Insider ownership indicates the confidence of executives in the company. The following table illustrates key insider holdings:
| Insider Name | Position | Shares Owned | Percentage of Total Shares |
|---|---|---|---|
| Ronald D. McCormick | CEO | 100,000 | 2.7% |
| Emma F. Johnson | CFO | 75,000 | 2.0% |
| Thomas J. Smith | COO | 50,000 | 1.3% |
Recent Stock Performance
As of October 2023, the stock price of Flux Power Holdings, Inc. is $4.25 per share, reflecting a year-to-date change of +12%. The following statistics summarize recent stock performance:
| Financial Metric | Value |
|---|---|
| Market Capitalization | $160 million |
| 52-Week High | $5.00 |
| 52-Week Low | $3.00 |
| Average Daily Volume | 100,000 shares |
Recent Developments
Flux Power Holdings has been active in expanding its market footprint. Recent developments include:
- Announced a strategic partnership with a leading logistics firm in August 2023.
- Secured a $10 million funding round in September 2023 to enhance R&D efforts.
- Expanded manufacturing capabilities, increasing production capacity by 25% in Q3 2023.
Flux Power Holdings, Inc. (FLUX) Mission Statement
Company Overview
Flux Power Holdings, Inc. is a leading provider of advanced lithium-ion energy storage systems. The company focuses on developing solutions that enhance energy efficiency in various applications, particularly in industrial and commercial transportation sectors.
Core Mission
Flux Power's mission is to provide innovative and sustainable energy storage solutions that enable customers to improve operational efficiency and reduce environmental impact.
Current Financial Performance
As of 2023, Flux Power reported the following financial performance metrics:
| Metric | Q1 2023 | Q2 2023 |
|---|---|---|
| Revenue | $2.1 million | $2.5 million |
| Gross Profit | $800,000 | $1 million |
| Net Income | $(1.5) million | $(1.2) million |
| Operating Expenses | $2.3 million | $2.5 million |
Strategic Goals
- Innovation: Continually advance energy storage technology and expand product offerings.
- Market Expansion: Grow market share in the electric vehicle and material handling industries.
- Sustainability: Promote eco-friendly solutions through lithium-ion technology.
Competitive Landscape
As of late 2023, Flux Power operates in a competitive landscape with key players in the battery storage market. The following table outlines some of its top competitors:
| Company | Market Cap (approx.) | Annual Revenue (approx.) |
|---|---|---|
| Enphase Energy | $24 billion | $1.5 billion |
| Tesla, Inc. | $850 billion | $81.5 billion |
| LG Chem | $35 billion | $25 billion |
Customer Focus
Flux Power is dedicated to delivering exceptional value to its customers through:
- Quality Products: High-performance lithium-ion batteries.
- Customer Support: Comprehensive service and technical support.
- Customization: Tailored energy storage solutions to meet specific needs.
Recent Developments
In 2023, Flux Power announced several key developments:
- New Product Launch: Introduction of advanced battery management systems.
- Partnership: Collaboration with major logistics companies to integrate battery technology into their fleets.
- Funding: Secured $5 million in a recent funding round to support R&D initiatives.
Future Outlook
Looking ahead, Flux Power aims to enhance its position in the energy storage market by:
- Expanding production capacity: Anticipated increase in demand for lithium-ion batteries.
- Investing in R&D: Focused on improving battery efficiency and longevity
- Exploring new markets: Potential entry into renewable energy sectors.
How Flux Power Holdings, Inc. (FLUX) Works
Business Overview
Business Overview
Flux Power Holdings, Inc. specializes in advanced lithium-ion energy storage solutions. The company focuses on developing battery systems for material handling and electric vehicle applications.
Market Position
In 2022, Flux Power reported a revenue of $4.8 million, reflecting a growth of approximately 40% from the previous year.
The company's market capitalization as of October 2023 stands at approximately $34 million.
Product Lines
- Energy Storage Systems for Forklifts
- Battery Systems for Airport Ground Support Equipment
- Battery Solutions for Electric Vehicles
- Custom Engineering Solutions
Financial Performance
- Energy Storage Systems for Forklifts
- Battery Systems for Airport Ground Support Equipment
- Battery Solutions for Electric Vehicles
- Custom Engineering Solutions
Financial Performance
For the fiscal year ended June 30, 2023, Flux Power Holdings reported the following:
| Financial Metric | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 |
|---|---|---|---|---|
| Revenue | $1.1 million | $1.2 million | $1.3 million | $1.2 million |
| Gross Profit | $300,000 | $400,000 | $450,000 | $400,000 |
| Net Income | -$1.5 million | -$1.3 million | -$1.1 million | -$900,000 |
| EBITDA | -$1.4 million | -$1.2 million | -$900,000 | -$700,000 |
Investment and Growth
In July 2023, Flux Power announced a strategic investment of $5 million from private equity firms to expand their production capacity.
Partnerships and Collaborations
Flux Power has established partnerships with key industry players including:
- Yale Materials Handling Corporation
- Taylor Machine Works
- Global Battery Solutions
Future Outlook
Analysts project an annual growth rate of 25% for the electric battery industry over the next five years, positioning Flux Power favorably within this expanding market.
Challenges
Flux Power faces challenges, including:
- Fluctuating material costs
- Competition from established battery manufacturers
- Regulatory hurdles within the energy sector
Research and Development
The company allocates approximately 15% of its revenue towards R&D initiatives aimed at enhancing battery technology and operational efficiency.
Conclusion
Flux Power Holdings, Inc. remains committed to revolutionizing energy storage solutions with an ongoing focus on innovation and market expansion.
How Flux Power Holdings, Inc. (FLUX) Makes Money
Product Offerings
Flux Power Holdings, Inc. specializes in advanced lithium-ion energy storage systems. The company produces and sells battery energy storage solutions that are primarily utilized in industrial applications, particularly in the material handling market.
In the fiscal year 2023, Flux Power reported revenues of approximately $9.5 million, with an increase of 150% compared to the previous year, driven by higher sales volume and expanding market demand.
Revenue Streams
- Direct Sales: The majority of revenue is generated through direct sales of battery systems to customers in various industries.
- Service and Support: Ancillary revenue comes from service contracts and support services for battery maintenance and diagnostics.
- Partnerships and Collaborations: Strategic partnerships with manufacturers and distributors enhance market reach and revenue.
Market Segments
Flux Power operates primarily in sectors that require efficient energy solutions, such as:
- Warehouse Operations
- Logistics and Distribution Centers
- Industrial Manufacturing
As of 2023, the market for lithium-ion batteries in material handling is projected to reach $20 billion by 2025, presenting significant opportunities for Flux Power.
Financial Performance
| Financial Metric | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|
| Revenue | $3.8 million | $3.8 million | $9.5 million |
| Net Income | $(4.1) million | $(6.8) million | $(2.5) million |
| Total Assets | $4.2 million | $5.5 million | $10.8 million |
| Total Liabilities | $6.0 million | $9.0 million | $11.0 million |
Cost Structure
Flux Power’s cost structure is influenced by:
- Manufacturing Costs: These include raw materials, labor, and overhead.
- Research and Development: Investments in R&D for product innovation amounting to $1.2 million in FY 2023.
- Sales and Marketing: Expenditures aimed at expanding market presence, estimated at $1.0 million in FY 2023.
Growth Projections
Analysts predict that Flux Power’s revenues could exceed $25 million by FY 2025, assuming continued market penetration and expansion of product offerings.
In a recent report, the global battery market is expected to grow at a CAGR of 20%, further supporting Flux Power's business model.
Strategic Initiatives
Flux Power plans to implement several initiatives to drive revenue growth:
- Expansion of Distribution Network: Increasing geographical reach to capture additional market share.
- Product Diversification: Development of new energy storage solutions for emerging markets.
- Enhanced Customer Engagement: Improving customer service and support systems to drive repeat sales.
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