Thursday, February 01, 2018 11:37:54 AM
TSLA has a much tougher climb than FLUX in gaining market share, as converting combustion engine car drivers to electric faces a range of issues including the development of the charging infrastructure as well as improving drive distances and consumer preferences. Clearly their product is great - and the performance is impressive - the point I'm trying to make is that Flux doesn't need a customer to make a big change - they already have electric vehicles - this is just about choosing a different energy storage system - sort of like choosing high octane or low octane gas.
But large companies are slow to adopt new technology or products - as they are risk averse and don't want to get burned by being on the cutting edge.
Importantly, FLUX has been building market awareness and relationships with top food & beverage customers and the top forklift OEMs for nearly 4 years - so they are already known and I believe respected despite their very small stature. They also have what appears to be the strongest base of technical and other approvals - to validate they product - like UL approval ISO 9001, etc.
The conversion from lead-acid to lithium-ion seems to have started in earnest, and we'll see the progress they have made when they report Q2. Their releases point to their having already exceeded their full year revenue of $902k in just the first 6 months of FY 2018 ending June 30, 2018 - and the pace of adoption seems to be accelerating. That's before Class I batteries that they expect to start selling this spring - they have one in test with a major manufacturing co in the midwest.
The one challenge for FLUX is that they are undercapitalized - but there's nothing like demonstrating market viability with major customers to help shake out funding - so Flux's business progress should help them address that challenge - which has certainly slowed the pace of their growth the past few years.
Recent FLUX News
- Flux Power Announces Strategic Partnership with Leading Forklift OEM to Launch Private Label Battery Program • Business Wire • 09/12/2024 12:31:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/05/2024 08:05:37 PM
- Flux Power to Write Down $1.7 Million in Obsolete Inventory, Requiring Restatement of Certain Previously Issued Financial Statements • Business Wire • 09/05/2024 08:01:00 PM
- Flux Power Expands Commitment to Sustainability with New Partnership for Lithium-ion Battery Recycling • Business Wire • 08/21/2024 12:31:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2024 01:56:47 AM
- Flux Power Receives OEM-Approval for New L-Series L36-630|840 Ah Battery Packs for Class 1 3-Wheel Counterbalance Forklifts • Business Wire • 07/16/2024 12:31:00 PM
- Flux Power to Host Investor Tours at its Lithium-Ion Battery Pack Manufacturing Facility in Vista, California on Wednesday, August 7, 2024 • Business Wire • 07/09/2024 12:31:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/15/2024 12:03:41 AM
- Flux Power to Present at the iAccess Alpha Best Ideas Summer Conference on Tuesday, June 25, 2024 • Business Wire • 06/11/2024 12:31:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 12:10:23 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/17/2024 11:13:48 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/13/2024 09:26:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 08:37:36 PM
- Flux Power Reports Fiscal Year 2024 Third Quarter Financial Results • Business Wire • 05/09/2024 08:05:00 PM
- Flux Power to Host Fiscal Third Quarter 2024 Results Conference Call on Thursday, May 9, 2024 at 4:30 p.m. Eastern Time • Business Wire • 04/24/2024 12:31:00 PM
- Flux Power Appoints Mark Leposky to Board of Directors • Business Wire • 04/18/2024 08:05:00 PM
- Flux Power Unveils New Onboard Integrated Charging Option at MODEX 2024 • Business Wire • 03/07/2024 01:31:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 07:00:20 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 05:56:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 09:30:26 PM
- Flux Power to Unveil New Battery Pack for Narrow Aisle Forklifts and End Rider/Center Rider Forklifts at MODEX 2024 • Business Wire • 03/05/2024 01:31:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 01:28:50 AM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 02/29/2024 02:05:04 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 02/29/2024 02:00:30 PM
- Flux Power to Attend the 36th Annual ROTH Conference on March 17-19, 2024 • Business Wire • 02/28/2024 01:31:00 PM
Lingerie Fighting Championships Signs Broadcast Deal With Maybacks Global Entertainment • BOTY • Sep 26, 2024 9:00 AM
Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM