$FLUX Shares Rise 38% This Week Reaching $0.93
Flux shares have continued to perform well after ending March at $0.50, they ended April at $0.53 and May at $0.65. At $0.93 Flux's market cap is $25M - which is relatively modest compared to its potential to more than double revenues in FY 2019 (starting July 1, 2018) to $8-9M as more companies adopt lithium-ion forklift batteries to replace outdated lead-acid batteries that have until now dominated industrial power.
Flux's 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
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