Flux Power Holdings’ former CEO Ronald Dutt sells shares worth $12,439

In a recent transaction, Ronald F. Dutt, the former CEO and President of Flux Power Holdings , Inc. (NASDAQ:FLUX), sold shares valued at $12,439. The shares were sold at an average price of $1.6659 per share, with the sale being conducted to cover tax obligations related to the vesting and settlement of restricted stock units (RSUs). The transaction comes as the $27 million market cap company’s stock has experienced significant volatility, down nearly 64% over the past year. According to InvestingPro analysis, the stock appears undervalued at current levels.

Additionally, Dutt acquired shares through the company’s 2023 Employee Stock Purchase Plan, purchasing a total of 3,000 shares at prices ranging from $1.46 to $2.58, amounting to $6,060. The transactions took place on April 1, 2025, and reflect Dutt’s exit from his roles with the company following his retirement on March 10, 2025. With an overall Financial Health score rated as ’FAIR’ by InvestingPro, investors can access comprehensive analysis and 8 additional ProTips about FLUX through the platform’s detailed research reports.

In other recent news, Flux Power Holdings reported its first-quarter earnings for 2025, showing a 9% increase in revenue to $16.1 million compared to the previous year. However, the company missed its earnings per share (EPS) forecast, reporting -$0.10 against an expected -$0.06. For the second fiscal quarter of 2025, Flux Power experienced a year-over-year revenue decline of 7.5% to $16.8 million. The company’s gross profit for this quarter was $5.5 million, representing 32.5% of revenues, an improvement from the previous year’s 29.6% gross profit margin. Despite these improvements, the adjusted EBITDA for the quarter showed a loss of $1.0 million, a downturn from a gain of $0.2 million in the previous year.

Analyst Amit Dayal from H.C. Wainwright adjusted the price target for Flux Power to $8.00 from $15.00, maintaining a Buy rating on the stock, reflecting the recent financial outcomes. The company concluded the quarter with approximately $0.9 million in cash and had access to about $7.3 million from credit facilities. Flux Power is also focusing on expanding its product lines and launching new heavy-duty battery models, with a strong backlog of $19.5 million as of February 2025. The company aims to achieve breakeven or positive adjusted EBITDA in the fourth quarter, driven by potential software recurring revenue from its telemetry solutions.

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