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Flux Power Holdings Inc (FLUX)



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Upturn Advisory Summary
03/13/2025: FLUX (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -67.94% | Avg. Invested days 21 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 31.36M USD | Price to earnings Ratio - | 1Y Target Price 5.2 |
Price to earnings Ratio - | 1Y Target Price 5.2 | ||
Volume (30-day avg) 63409 | Beta 1.25 | 52 Weeks Range 1.15 - 5.46 | Updated Date 03/30/2025 |
52 Weeks Range 1.15 - 5.46 | Updated Date 03/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.52 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -14.49% | Operating Margin (TTM) -8.79% |
Management Effectiveness
Return on Assets (TTM) -13.27% | Return on Equity (TTM) -379.04% |
Valuation
Trailing PE - | Forward PE 9.4 | Enterprise Value 43063034 | Price to Sales(TTM) 0.52 |
Enterprise Value 43063034 | Price to Sales(TTM) 0.52 | ||
Enterprise Value to Revenue 0.71 | Enterprise Value to EBITDA -13.27 | Shares Outstanding 16682500 | Shares Floating 11043291 |
Shares Outstanding 16682500 | Shares Floating 11043291 | ||
Percent Insiders 26.71 | Percent Institutions 36.15 |
Analyst Ratings
Rating 4.5 | Target Price 7 | Buy 1 | Strong Buy 1 |
Buy 1 | Strong Buy 1 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Flux Power Holdings Inc

Company Overview
History and Background
Flux Power Holdings, Inc. was founded in 2009 and is headquartered in Vista, California. It designs, develops, manufactures, and sells advanced lithium-ion energy storage solutions for industrial, commercial, and recreational applications. It has evolved from focusing on various lithium-ion applications to primarily material handling equipment.
Core Business Areas
- Lithium-ion Battery Packs for Material Handling: Designs and manufactures lithium-ion battery packs for forklifts, airport ground support equipment (GSE), and other material handling vehicles. This is their core business, providing batteries as an alternative to lead-acid batteries.
Leadership and Structure
Ron Dutt serves as the Chief Executive Officer. The company has a board of directors and a functional organizational structure with departments for engineering, manufacturing, sales, and finance.
Top Products and Market Share
Key Offerings
- Lithium-ion Battery Packs for Forklifts: Lithium-ion battery packs for Class 1, 2, and 3 forklifts. Market share is relatively small, estimated to be under 5% of the total forklift battery market. Competitors include established lead-acid battery manufacturers (e.g., EnerSys, Exide Technologies) and other lithium-ion battery providers like Romeo Power (prior to acquisition) and Electrovaya.
- Lithium-ion Battery Packs for Airport GSE: Lithium-ion battery packs for airport ground support equipment. Market share data is limited. Competitors include traditional GSE manufacturers and other battery suppliers.
Market Dynamics
Industry Overview
The industrial battery market is shifting towards lithium-ion technology due to its advantages in terms of lifespan, efficiency, and environmental impact. The market is competitive with both established players and emerging companies.
Positioning
Flux Power is positioned as a provider of premium lithium-ion battery solutions for industrial applications. Its competitive advantage lies in its proprietary battery management system (BMS) and its focus on specific niche markets.
Total Addressable Market (TAM)
The total addressable market for lithium-ion batteries in material handling and GSE is estimated to be several billion USD annually. Flux Power is targeting a portion of this market by focusing on high-performance applications.
Upturn SWOT Analysis
Strengths
- Proprietary battery management system (BMS)
- Focus on lithium-ion technology
- Established relationships with forklift OEMs and dealers
- Strong engineering capabilities
- Vertically integrated manufacturing
Weaknesses
- Relatively small market share
- Limited financial resources
- Dependence on key suppliers
- Negative operating cash flow
- Significant dependence on equity raises
Opportunities
- Growing adoption of lithium-ion batteries in material handling
- Expansion into new applications and markets
- Strategic partnerships with OEMs
- Government incentives for electric vehicle adoption
- Increased environmental awareness
Threats
- Competition from established battery manufacturers
- Fluctuations in raw material prices (lithium, cobalt)
- Technological advancements in battery technology (e.g., solid-state batteries)
- Economic downturn impacting industrial spending
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- ENR
- EXC
- ALTA
Competitive Landscape
Flux Power faces competition from established lead-acid battery manufacturers and other lithium-ion battery providers. Its advantages include its proprietary BMS and its focus on specific niche markets. Its disadvantages include its smaller size and limited financial resources.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Flux Power has experienced revenue growth in recent years, driven by the increasing adoption of lithium-ion batteries in material handling.
Future Projections: Analyst estimates suggest continued revenue growth for Flux Power, but profitability is not expected in the near term.
Recent Initiatives: Recent initiatives include expanding its product line, strengthening its relationships with OEMs, and investing in its manufacturing capacity.
Summary
Flux Power is a growing company in the lithium-ion battery market, focusing on material handling applications. While revenue is increasing, the company is not yet profitable and relies heavily on equity financing. It has a proprietary BMS and strong engineering capabilities but faces competition from larger, established players and requires more stable financials.
Similar Companies
- ENR
- EXC
- ALTA
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Website
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Market conditions and company performance can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Flux Power Holdings Inc
Exchange NASDAQ | Headquaters Vista, CA, United States | ||
IPO Launch date 2002-12-09 | CEO, President & Director Mr. Krishna Vanka | ||
Sector Industrials | Industry Electrical Equipment & Parts | Full time employees 119 | Website https://www.fluxpower.com |
Full time employees 119 | Website https://www.fluxpower.com |
Flux Power Holdings, Inc., through its subsidiary, designs, develops, manufactures, and sells lithium-ion energy storage solutions in North America. The company offers battery management system which manages cell balancing, charging, discharging, monitoring, and communication between the pack and the forklift. It provides 24-volt onboard chargers for its Class 3 Walkie pallet packs; smart wall mounted chargers to interface with its battery management system; and material handling and airport ground support equipment products. The company's products are used for lift trucks, airport ground support equipment, and other commercial applications. It sells its products to OEMs, lift equipment dealers, battery distributors, and end users. The company is headquartered in Vista, California.
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