Flux Power Holdings Reports Record Profitability, Revenue Down Due to Tariffs and Customer Freeze

Flux Power Holdings Inc (FLUX) achieved profitability for the first time in its history, reporting a significant improvement in gross margin to 34.7%. However, revenue decreased to $14.1 million from $16.8 million YoY, and cash and cash equivalents decreased to $0.9 million. The company faces ongoing challenges from tariff effects and a capital freeze from a significant customer, which is expected to impact revenue in Q3 2026.