$FLUX

Flux Power Holdings, Inc.

CIK:0001083743|SEC Filings

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 42,132,000	$ 66,434,000
Cost of sales	29,415,000	44,694,000
Gross profit	12,717,000	21,740,000
Operating expenses:
Selling, general and administrative	16,377,000	22,304,000
Research and development	2,814,000	4,464,000
Total operating expenses	19,191,000	26,768,000
Operating loss	(6,474,000)	(5,028,000)
Other expense, net	(121,000)	(81,000)
Interest expense, net	(853,000)	(1,565,000)
Net loss	$ (7,448,000)	$ (6,674,000)
Net loss per share - basic	$ (0.38)	$ (0.40)
Net loss per share - diluted	$ (0.38)	$ (0.40)
Weighted average number of common shares outstanding - basic	19,826,095	16,717,761
Weighted average number of common shares outstanding - diluted	19,826,095	16,717,761

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (7,448,000)	$ (6,674,000)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	824,000	849,000
Stock-based compensation (See F-24)	973,000	979,000
Amortization of debt issuance costs	71,000	164,000
Allowance for credit losses	4,000	23,000
Non-cash lease expense	894,000	820,000
Inventory write downs (See F-8)	658,000	534,000
Changes in operating assets and liabilities:
Accounts receivable	6,508,000	(1,746,000)
Inventories	1,821,000	(788,000)
Other assets	(247,000)	(1,085,000)
Accounts payable	(7,820,000)	5,022,000
Accrued expenses	(2,934,000)	3,132,000
Accrued interest	(15,000)	120,000
Office leases payable	815,000	(734,000)
Deferred revenue	(15,000)	(26,000)
Customer deposits	(7,000)	20,000
Net cash (used in) provided by operating activities	(5,918,000)	610,000
Cash flows from investing activities:
Purchases of equipment	(509,000)	(653,000)
Net cash used in investing activities	(509,000)	(653,000)
Cash flows from financing activities:
Proceeds from issuance of preferred and common stock warrants under Private Placement	3,826,000
Offering costs for issuance of preferred and common stock warrants	(652,000)
Proceeds from issuance of common stock under Public Offering	11,041,000
Offering costs for issuance of common stock under the Public Offering	(1,280,000)
Proceeds from the issuance of common stock under the CEF	19,000
Offering costs for issuance of common stock under the CEF	(389,000)
Proceeds from subordinated debt borrowing		1,000,000
Proceeds from stock option exercises and employee stock purchase plan purchases	311,000	97,000
Proceeds from revolving line of credit	54,445,000	64,463,000
Payment of revolving line of credit	(61,769,000)	(64,670,000)
Cost to amend line of credit agreement	(113,000)
Payment of finance leases	(41,000)	(156,000)
Net cash provided by financing activities	5,398,000	734,000
Net change in cash	(1,029,000)	691,000
Cash, beginning of period	1,334,000	643,000
Cash, end of period	305,000	1,334,000
Supplemental Disclosures of Non-Cash Investing and Financing Activities:
Right-of-use asset recognition	1,787,000
Preferred and common stock warrants issued under Private Placement in exchange for settlement of subordinated debt, including interest accrued	1,173,000
Common stock issued for vested RSUs	224,000	161,000
Cash paid for income taxes, net of refunds, by jurisdiction is as follows:
State (California)	800	800
Interest paid	$ 1,044,000	$ 1,235,000

Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Current assets:
Cash	$ 305,000	$ 1,334,000
Accounts receivable, net of allowance for credit losses of $70,000 and $68,000 at June 30, 2026 and 2025, respectively	4,862,000	11,374,000
Inventories, net	14,752,000	17,231,000
Other current assets	781,000	1,865,000
Total current assets	20,700,000	31,804,000
Right of use assets, net	2,167,000	1,275,000
Fixed assets, net of accumulated depreciation of $2,034,000 and $1,700,000 at June 30, 2026 and 2025, respectively	476,000	708,000
Intangible assets, net of accumulated amortization of $2,459,000 and $1,969,000 at June 30, 2026 and 2025, respectively	763,000	846,000
Other assets	92,000	119,000
Total assets	24,198,000	34,752,000
Current liabilities:
Accounts payable	8,473,000	16,295,000
Accrued expenses	4,124,000	7,058,000
Line of credit	6,303,000	13,627,000
Subordinated debt		1,000,000
Deferred revenue	144,000	459,000
Customer deposits	31,000	38,000
Finance leases payable, current portion	52,000	80,000
Office leases payable, current portion	862,000	815,000
Accrued interest	58,000	246,000
Total current liabilities	20,047,000	39,618,000
Long term liabilities:
Finance leases payable, less current portion	19,000	32,000
Office leases payable, less current portion	1,274,000	506,000
Deferred revenue, less current portion	300,000
Total liabilities	21,640,000	40,156,000
Commitments and contingencies (Note 9 and 13)
Stockholders’ equity (deficit):
Preferred stock, $.001 par value; 3,000,000 and 500,000 shares authorized at June 30, 2026 and 2025, respectively; none issued and outstanding
Common stock, $0.001 par value; 75,000,000 shares authorized; 21,580,992 and 16,835,698 issued and outstanding at June 30, 2026 and 2025, respectively	22,000	17,000
Additional paid-in capital	116,370,000	100,965,000
Accumulated deficit	(113,834,000)	(106,386,000)
Total stockholders’ equity (deficit)	2,558,000	(5,404,000)
Total liabilities and stockholders’ equity (deficit)	$ 24,198,000	$ 34,752,000