Flux Power’s Q2 Net Loss Narrows to $1.7 Million on Increased Sales
The company’s financial performance was driven by lower operating expenses
February 14, 2023
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Flux-Power, a U.S.-based lithium-ion energy storage solutions provider, posted a net loss of $1.7 million during the second quarter (Q2) of the financial year (FY) 2023 compared to $5.1 million year-over-year, driven by increased sales volumes and higher selling prices to existing and new customers.