Flux Power Holdings Inc (NASDAQ: FLUX) is an industrial energy storage company that designs, develops, and sells lithium-ion battery packs for lift trucks, airport ground support equipment, and other commercial applications. Revenue comes entirely from product sales, recognized at the point title transfers to the customer, distributed through equipment dealers, OEMs, and battery distributors. The company has been developing lithium-ion applications since 2010, starting with automotive electric vehicle manufacturers before pivoting to industrial material handling. Products carry a standard five-year warranty and include a proprietary battery management system branded SkyBMS that provides real-time telemetry on pack performance and health. OEM approvals from Toyota Material Handling USA and UL Listings for its battery packs are cited in the FY2025 10-K as competitive differentiators. Sales are concentrated in North America. The company carries a revolving credit facility with GBC, secured by substantially all tangible and intangible assets including intellectual property, with a maturity date of July 31, 2027.
Lithium-ion energy storage packs for lift trucks and industrial equipment, airport ground support equipment (GSE), and other commercial applications. Products use a modular, three-core-module design. The proprietary battery management system (BMS) manages cell balancing, charging, discharging, and communication. SkyBMS is the branded telemetry solution providing real-time pack performance and health reporting. Products are warrantied for five years as of June 30, 2025.
Transactional product sales. Revenue is recognized at the point title passes to the customer under ASC 606. No subscription or recurring service revenue streams are disclosed in the FY2025 10-K filing.
Industrial and commercial operators using lift trucks and material handling equipment, airport GSE operators, and other commercial equipment users. Products reach end customers through equipment dealers, OEMs (including Toyota Material Handling USA), and battery distributors, primarily in North America.
Primarily North America, as stated in the FY2025 10-K (filed 2025-09-17).
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