Flux Power Narrows Q2 Net Loss by 52% YoY on Cost Savings
The company’s revenue rises 7% to record $18.3 million on higher sales and prices
February 13, 2024
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Lithium-ion storage solutions provider Flux Power Holdings’ net loss for the second quarter of the financial year (FY) 2023-24 narrowed to $0.8 million from $1.7 million, a year-over-year (YoY) improvement of 52%, as the company lowered its average cost of sales per unit and recorded revenue growth during the quarter.