FLUX

EX-99.1

2 ex99-1.htm

EX-99.1

Exhibit 99.1

Flux Power Reports 2026 Fiscal Fourth Quarter and Full Year Financial Results

Vista, CA — August 20, 2026 — Flux Power Holdings, Inc. (NASDAQ: FLUX) (“Flux Power” or the “Company”), a leading developer of advanced lithium-ion energy storage solutions and fleet intelligence technology, today reported financial and operational results for the 2026 fiscal fourth quarter and full fiscal year ended June 30, 2026.

2026 Fiscal Fourth Quarter and Recent Business Highlights

● Revenue for the 2026 fiscal fourth quarter reached $8.2 million

● Operating expenses for the 2026 fiscal fourth quarter decreased by approximately 33% from the 2025 fiscal fourth quarter

● Released SkyEMS® 3.0 with AI-powered insights, predictive analytics and customizable dashboards

● Appointed industry veteran, Stu Jacover, as Vice President of Sales for Material Handling to expand the Company’s sales and marketing efforts

CEO Commentary

“Fourth quarter revenue increased 25% sequentially, slightly ahead of the expectations we conveyed on last quarter’s call due to increased customer orders and shipments into a new vertical market,” commented Krishna Vanka, Flux Power’s CEO. “To improve our overall cost structure, we executed decisive expense reduction and efficiency initiatives over the past year that resulted in a 30% reduction in fourth quarter operating expenses compared to the prior year quarter.

“We also took steps to aggressively optimize our supply chain, lower product costs, and advance product redesign efforts aimed at improving margins. We further strengthened our go-to-market capabilities with the addition of Stu Jacover as Vice President of Sales for Material Handling and launched new marketing programs to diversify our customer base. We also achieved a major platform milestone with the launch of SkyEMS® 3.0 featuring AI-driven, advanced fleet management capabilities that position Flux Power as a differentiated technology provider. Initial customer feedback on this tool has been quite favorable. We also achieved certification with a new major OEM during the quarter, which we believe increases our addressable market within Material Handling.

“The Company has faced a number of headwinds during my first eighteen months as CEO, which in turn led us to reassess our business priorities and implement changes that we expect to benefit us in fiscal 2027 and beyond. With a leaner cost structure, a refreshed sales leadership team, expanding OEM relationships and upgraded offerings in place, I believe we are well positioned to deliver renewed growth and accelerate our path to profitability as broader economic conditions improve.”

2026 Fiscal Fourth Quarter and Full Year Financial Results

Revenue for the 2026 fiscal fourth quarter was $8.2 million, compared to $6.6 million in the prior quarter and $16.7 million in the same quarter a year ago. Revenue for the full 2026 fiscal year was $42.1 million, compared to $66.4 million in fiscal 2025.

Gross profit for the 2026 fiscal fourth quarter was $2.3 million, or 27.4% of revenue, compared to $1.8 million, or 27.3% of revenue, in the prior quarter and $5.8 million, or 34.5% of revenue, in the same quarter a year ago. Gross profit for the full 2026 fiscal year was $12.7 million, or 30.2% of revenue, compared to $21.7 million, or 32.7% of revenue, in fiscal 2025.

Operating expenses for the 2026 fiscal fourth quarter were $4.4 million, compared to $4.8 million in the prior quarter and $6.5 million in the same quarter a year ago. Full 2026 fiscal year operating expenses were $19.2 million, compared to $26.8 million in fiscal 2025. The decrease in operating expenses primarily reflects previous actions taken to reduce headcount and streamline the Company’s operating model as well as the fact that fiscal 2025 included costs of $2.9 million associated with the restatement of previously issued financial statements.

Operating loss for the 2026 fiscal fourth quarter was $2.1 million, compared to an operating loss of $3.0 million in the prior quarter and an operating loss of $0.8 million in the same quarter a year ago. The full 2026 fiscal year operating loss was $6.5 million compared to an operating loss of $5.0 million in fiscal 2025. Excluding costs associated with stock-based compensation, the 2026 fiscal fourth quarter non-GAAP operating loss was $1.9 million, compared to a non-GAAP operating loss of $2.8 million in the prior quarter and non-GAAP operating income of $0.3 million in the same quarter a year ago, which also excluded costs associated with the multi-year restatement of previously issued financial statements. The full 2026 fiscal year non-GAAP operating loss was $5.5 million, compared to a non-GAAP operating loss of $1.1 million in fiscal 2025.

Net loss for the 2026 fiscal fourth quarter was $2.3 million, or ($0.11) per share, compared to a net loss of $3.2 million, or ($0.15) per share, in the prior quarter and a net loss of $1.2 milli

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2026-02-12 2026-02-12

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 12, 2026

FLUX

POWER HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Nevada

001-31543

92-3550089

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS

Employer

Identification No.)

2685 S. Melrose Drive, Vista, California

92081

(Address of Principal Executive Offices)

(Zip Code)

877-505-3589

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, $0.001 par value

FLUX

Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On February 12, 2026, Flux Power Holdings, Inc. (the “Company”) issued a press release announcing, among other things, limited financial and operational information for its fiscal second quarter ended December 31, 2025 and provided certain forward-looking performance estimates. In addition, the Company will hold a conference call on February 12, 2026 to discuss such results. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The projections constituting the performance estimates included in the press release involve risks and uncertainties, the outcome of which cannot be foreseen at this time and, therefore, actual results may vary materially from these forecasts. In this regard, see the information included in the press release under the caption “Forward-Looking Statements.”

The information reported under Item 2.02 in this Current Report on Form 8-K, including Exhibit 99.1, is being “furnished” and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.

Exhibit Index

Exhibit

Exhibit Description

99.1

Press Release dated February 12, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Flux Power Holdings, Inc.

a Nevada corporation

By:

/s/ Krishna Vanka

Krishna Vanka,

Chief Executive Officer

Dated: February 12, 2026