Flux Power Holdings Inc（FLUX）のニュースとイベントFLUXFlux Power Holdings Inc

Flux Power Q1 Revenue $6.76M Exceeds Expectations

Reports Q1 revenue $6.76M, consensus $6.15M. "We continued to make meaningful progress across our key operational and sales initiatives, executing with discipline and positioning the Company for accelerated growth," said Krishna Vanka, CEO of Flux Power. "I am proud that the team delivered on our $6.8 million revenue commitment this quarter, despite facing multiple headwinds across the business. I am also pleased to announce that our most significant customer who previously paused orders returned with a meaningful order through our OEM partner. This win along with a number of orders through our OEM partners for first-time Flux Power customers demonstrate the initial success of our OEM partnership strategy."

Company Outlook on Growth in Lithium-Ion Battery Market

The company said, "Taken together, these developments reflect a commercial strategy that we believe is beginning to compound. With a leaner cost structure and growing market demand for lithium-ion battery solutions, I believe we're in a much stronger position to drive growth and move toward profitability in the coming quarters."

Solidion Disappointed by Flux Power's Rejection of Acquisition Proposal

Solidion (STI) responded to the decision of the board of directors of Flux Power (FLUX) to reject Solidion's previously announced acquisition proposal. Solidion considers its bid to be best and final. "Solidion strongly disagrees with the Flux Power Board's assertion that its proposal 'significantly undervalues' the company," said Jaymes Winters, chairman and CEO of Solidion Technology. "This offer takes into account the capital and execution required to stabilize the business, and Solidion has no intention of increasing its offer at this time." Winters continues, "Solidion is and always will be an opportunistic acquirer of companies it believes will complement and amplify its existing technology. In doing so, we will be resolute custodians of our shareholder value and not seek opportunities that are overpriced, beyond repair or not related to Solidion's growth strategy. We will continue to pursue other prospects in parallel with FLUX."