Gold prices slip slightly after recent gains; U.S. data eyed
VISTA, Calif. - Flux Power Holdings, Inc. (NASDAQ:FLUX), a small-cap energy storage solutions provider with a market capitalization of $25.4 million, has received a purchase order worth over $2 million from a major U.S. airline for 120 units of its redesigned G80-420 lithium-ion battery packs, according to a press release statement issued Tuesday.
The order will be delivered throughout 2025 and was secured through collaboration with Averest, a channel partner specializing in ground support equipment solutions for the aviation industry.
The G80-420 battery packs are designed for ground support equipment applications such as baggage tractors and belt loaders. The system features modular architecture for field service, embedded telematics, and diagnostic capabilities that provide real-time insights and maintenance alerts.
"This order reflects the accelerating momentum behind electrification in ground support operations," said Krishna Vanka, CEO of Flux Power.
Jeff Barrett, President of Averest, added, "This order is a testament to what’s possible when two companies align on innovation, reliability, and long-term value."
Flux Power develops lithium-ion energy storage solutions for industrial and commercial sectors including material handling, airport ground support equipment, and stationary energy storage. The company’s battery packs include proprietary battery management systems and telemetry designed to provide alternatives to traditional lead acid and propane-based power sources.
The announcement comes as airport operations increasingly transition toward zero-emission equipment despite economic pressures and shifting trade policies affecting the industry.
In other recent news, Flux Power Holdings reported its financial results for the third fiscal quarter of 2025, showcasing significant developments. The company achieved a 16% year-over-year revenue increase, reaching $16.7 million, surpassing analyst expectations of $14.97 million. Gross profit for the quarter improved to $5.3 million, representing 32% of revenues, up from 28% in the previous year. Despite these positive figures, Flux Power posted an earnings per share (EPS) of -$0.12, which fell short of the forecasted -$0.09. The net loss was reduced to $1.9 million, compared to $3.0 million in the same quarter of the previous year. Analyst firm H.C. Wainwright maintained a Buy rating on Flux Power’s stock with an $8.00 price target, emphasizing the company’s improved financial metrics. The firm also noted the company’s continued efforts to expand its domestic manufacturing capabilities. Additionally, Flux Power ended the quarter with approximately $0.5 million in cash and access to over $6 million from credit facilities, providing financial support for its growth strategies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.