Flux Power Holdings reported fiscal first quarter revenue of $6.8 million, down from $13.2 million a year ago, with an operating loss of $3.0 million and net loss of $3.2 million. The company guided second-quarter revenue between $7 million and $8 million. Flux Power holds only $0.4 million in cash and is evaluating financing alternatives to maintain liquidity while facing potential default risks under its credit agreement. Flux Power designs, manufactures, and sells advanced lithium-ion energy storage solutions for industrial material handling and airport ground support equipment.
