Flux Power’s Q3 Net Loss Up 83% YoY as Operating Expenses Rise
Revenue decreased 4% YoY due to a dip in energy storage packs sold during the quarter
May 10, 2024
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Lithium-ion storage solutions provider Flux Power Holdings’ net loss for the third quarter (Q3) of the financial year (FY) 2023-24 widened 83% year-over-year (YoY) to $2.64 million on higher operating and interest expenses.