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Friday, June 08, 2018 4:40:50 PM
Flux shares have continued to perform well after ending March at $0.50 they ended April at $0.53 and May at $0.65.
The share price seems to be influenced by the company's growing traction in the sales of its lithium-ion battery replacement for lead-acid forklift batteries - what is a $10B sales opportunity. Lithium outperforms lead-acid in virtually every respect - and does so at a lower total cost of ownership. Major food & beverage customers have begun to deploy Flux solutions and the company is also solidifying its OEM relationships as well.
Flux sales were up over 400% in Q3 and are up over 200% year to date to $3M in FY 2018 (ending June 30th) versus $0.9M in FY 2017 and with a strong outlook for next year.
Additionally, last month Flux raised $800,000 at $0.70 per share - well above the trading price in the $0.55 cent range - and sending a strong signal on investors views of Flux's potential.
Never expected a run-up like this - but also the Company's valuation has been very low relative to its potential opportunity - seems like a recasting of the glass to be half full rather than half empty - but remains to be seen. We have no crystal ball for share prices - but are impressed with what CEO Ron Dutt and his team have accomplished in four years to build a leadership position in this emerging market. More info at www.fluxpwr.com
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
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM