Flux Power Holdings, Inc. CEO Krishna Vanka discussed the company’s Q1 2026 performance, citing a temporary pause in customer orders due to tariff uncertainty and macroeconomic caution. Despite this, the company saw a rebound in orders in the second fiscal quarter, including multimillion-dollar orders from top material handling customers.

The company also secured a large order with a major airline for ground service equipment, doubling its airline customer base from the previous year. Efforts to streamline operations and reduce costs have been successful, with two capital raises totaling $13.8 million. The company aims to accelerate product development and expand into new market segments.

Flux Power has received key safety certifications for its products, opening up new opportunities in various industries. Efforts to expand software offerings are also underway, with the successful launch of the SkyMS 2.0 SaaS platform. The company aims to have every battery cloud-connected and is focused on generating recurring revenue through software solutions.

In Q1 2026, Flux Power reported a decrease in revenue and gross margin, attributed to a pause in customer orders due to tariff uncertainty. Operating expenses decreased due to cost reduction initiatives. The company reported a net loss of $2.6 million, with adjusted EBITDA negative at $1.7 million. Cash and cash equivalents increased, with proceeds from recent capital raises intended for working capital and product portfolio redesign.

Despite challenges faced in Q1, Flux Power CEO Krishna Vanka is optimistic about the company’s progress, including cost structure streamlining, capital raises, and key certifications. With new leadership in place, the company is positioned for profitable growth. The company looks forward to reporting continued progress and achievements in the upcoming quarters.

Read more at Yahoo Finance: Flux Power (FLUX) Q1 2026 Earnings Call Transcript