FLUX stock collapses despite promising financial reports for Q4 2021

Flux Power Holdings Inc. (FLUX) stock prices fell 20.35% sometime after the market began trading on September 23, 2021. This brought the price per share down to $ 45.99 at the start of the trading day.

FLUX share listed on Nasdaq

The company said it was put on the list Nasdaq Capital Market under the stock symbol FLUX. Prior to being revalued, the company’s common shares were listed on the OTCQB. As a result of the uplisting, FLUX stock reported raising US $ 12.4 million in equity. This facilitated an increase in its shareholder base and included institutional investors. The company was successful in converting US $ 5.2 million of debt to equity, which resulted in the elimination of all of its debt. This will serve to strengthen the company’s balance sheet and capital structure.

Quarterly developments

FLUX stock has launched the next generation of lithium-ion batteries for end cyclists and center cyclists. This was greeted with positive feedback from customers with substantial orders. Deliveries have also been launched to the world’s largest meat processor, as well as two other major customers. These customers are a manufacturer of paper and chemical products and a manufacturer of packaging. The onset of the global coronavirus pandemic has disrupted deliveries to a global airline. The company recently announced the resumption of these deliveries.

FLUX Stock Income Reports

The fourth quarter of fiscal 2021 saw the company report revenues of US $ 8.3 million. This is a 33% year-over-year increase from the US $ 6.3 million reported in the fourth quarter of fiscal 2020. The year-over-year difference is largely due to LiFT pack sales taller. The fourth fiscal quarter 2021 represents the 12e consecutive quarter of year-over-year revenue growth.

Gross profit reports

The gross profit for the fiscal fourth quarter of 2021 was reported by FLUX for an amount of US $ 1.8 million. This is comparable to the gross margin of US $ 1.1 million reported for the fourth quarter of fiscal 2021. The year-over-year increase is largely due to higher sales volumes during the year. quarter 2021. Sales growth and the Company’s gross margin improvement program further consolidated this increase.

Future prospects for FLUX stock

The company had a promising quarter, as evidenced by the strength of its financial reports. The FLUX share wishes to capitalize on the momentum generated in recent quarters. Current and potential investors hope that management will be able to leverage the resources at its disposal. It is hoped that this will facilitate significant and sustained increases in shareholder value.

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Marianne R. Winn

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