Market News

Flux Posts Disappointing First Quarter Results

Advanced lithium-ion battery packs developer Flux Power Holdings, Inc. (FLUX) has reported weaker-than-expected results for the first quarter ended September 30, 2021. Shares of the company gained 1.5% to close at $6.19 on Friday.

Revenue & Earnings

Quarterly revenues jumped 39% year-over-year to $6.27 million from $4.5 million. The growth in revenues can be attributed to higher selling prices and a higher unit volume of packs sold. The revenue figure failed to surpass the consensus estimate of $6.31 million.

The company reported a loss per share of $0.30 at the end of the quarter, narrower than the previous year’s loss of $0.42 per share but wider than the consensus estimate of a loss of $0.28 per share.

Meanwhile, the company reported a gross profit of $1.3 million, which denotes a year-over-year rise of 53%.

See Analysts’ Top Stocks on TipRanks >>

Price Target

Consensus among analysts is a Strong Buy based on 3 unanimous Buys. The average Flux price target of $13.67 implies upside potential of 120.8% from current levels. Shares have declined 30.4% over the past year.

Related News:
GreenPower Revenues Rise 57% in Q2
AstraZeneca Shares Drop Despite Q3 Earnings Beat
Yeti Down 6.5% Despite Outperforming Q3 Expectations

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More