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On Monday, H.C. Wainwright reaffirmed its Buy rating and $8.00 price target for Flux Power Holdings (NASDAQ:FLUX), a company currently valued at $31.5 million, following the company’s financial results for the third fiscal quarter of 2025, which were released on May 8. The firm’s analyst, Amit Dayal, provided a summary of the company’s performance, highlighting a year-over-year revenue growth of 16%, with revenues reaching $16.7 million. According to InvestingPro data, the stock has shown strong momentum with a 19.6% gain year-to-date, despite experiencing significant volatility.
Flux Power’s gross profit for the quarter stood at $5.3 million, or 32% of revenues. This marked an improvement from the previous year’s third quarter, where the gross profit was 28% of revenues. The company’s operating expenses increased slightly, from $6.6 million in the third fiscal quarter of 2024 to $6.9 million in the same quarter of 2025. InvestingPro analysis shows the company maintains a "Fair" overall financial health score, though its profit metrics remain challenged.
The company reported an adjusted EBITDA loss of $1.1 million for the quarter, which was an improvement from the loss of $1.7 million recorded in the third fiscal quarter of 2024. The net loss for the quarter was also reduced to $1.9 million, or $0.12 per share, compared to a net loss of $3.0 million, or $0.18 per share, in the same quarter the previous year.
Ending the third fiscal quarter of 2025, Flux Power had approximately $0.5 million in cash. Additionally, the company had access to more than $6 million from credit facilities. Dayal’s commentary underscored the improved financial metrics and maintained the positive outlook on the company’s stock with a reiterated Buy rating and a price target of $8.00.
In other recent news, Flux Power Holdings reported a 16% increase in revenue for the third fiscal quarter of 2025, reaching $16.7 million, surpassing analyst forecasts of $14.97 million. The company also improved its gross profit margin to 32%, up from 28% the previous year, with gross profit standing at $5.3 million. Despite these financial gains, Flux Power posted an earnings per share (EPS) of -$0.12, missing the forecasted -$0.09. The net loss for the quarter was reduced to $1.9 million, compared to a $3.0 million loss in the same quarter the previous year. H.C. Wainwright maintained a Buy rating for Flux Power with an $8 price target, reflecting a positive outlook on the company’s financial performance and growth potential. The company concluded the quarter with $0.5 million in cash but has access to over $6 million from existing credit facilities. Flux Power is focusing on expanding its domestic manufacturing capabilities and developing its Sky EMS software platform. These recent developments highlight the company’s strategic initiatives aimed at enhancing profitability and operational efficiencies.
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