Flux Power (FLUX) Q1 2027 earnings summary

Executive summary

• Q1 FY2027 revenue was $6.758M, down 49% YoY; gross margin fell to 24.8% and net loss widened to $3.170M.

• A major material-handling customer resumed ordering through an OEM; new-customer wins and commercial initiatives advanced, but liquidity, financing and listing risks remain acute.

Financial highlights

• Revenue was $6.758M vs. $13.175M YoY and $8.2M in Q4 FY26; gross profit was $1.673M vs. $3.765M YoY.

• Operating expenses were $4.6M, down 22% YoY from $5.9M and up from $4.4M QoQ, reflecting lower headcount and a streamlined operating model.

• Operating loss was $2.959M vs. $2.178M YoY; net loss was $3.170M, or $0.15/share, vs. $2.562M, or $0.15/share.

• Adjusted net loss was $3.0M, or $0.14/share; adjusted EBITDA loss was $2.566M vs. $1.713M YoY and $1.6M QoQ.

Outlook and guidance

• Q2 FY27 revenue guidance is $7M–$8M and Q3 guidance is $9M–$10M, based on a bottoms-up forecast and high-probability pipeline opportunities.

• Backlog was $2.6M at September 30; management expects revenue from backlog and orders, alongside margin gains, to move operations closer to profitability.

• A campaign targeting 500 large North American end-user accounts is expected to contribute meaningfully in H2 FY27.

• Three large OEM programs are progressing toward testing, dealership engagement and potential orders near fiscal year-end.

• Robotics production orders are anticipated next year; gas-detection battery shipments are expected in calendar Q1 2027, and SkyVOX shipments begin this quarter.