Flux Power Holdings, Inc., a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will host an investor and analyst day on Wednesday, March 15, 2023, from 9:30 a.m. PT to 1:45 p.m. PT at its company headquarters and manufacturing facility in Vista, California.
Flux Power Chief Executive Officer Ron Dutt and Chief Financial Officer Chuck Scheiwe will be joined by other senior management team members to provide an overview of Flux Power’s clean, safe, and innovative lithium technology platforms, growth strategies and strategic initiatives. Immediately following the presentation and Q&A session, attendees will have the opportunity to tour the facility and join senior management for lunch.
Investors and analysts who attend the tour will see recent facility manufacturing process improvements to increase capacity and an additional production line, as well as the Company’s expanded testing and product validation capabilities.
Flux Power announced in February its second quarter 2023 revenue had increased 123% to $17.2 million, representing its 18th consecutive quarter of year-over-year revenue growth. The Company received $20.7 million in new purchase orders during third quarter and customer order backlog totaling $30.4 million. Recent strategic initiatives are driving increased backlog conversion, improved Adjusted EBITDA performance and higher gross margins, resulting in progress to profitability.
