Financial PerformanceFlux has demonstrated robust financial health with significant gross margin improvement, achieving 30.9% recently and targeting an ambitious 40% in the future, underpinning the company's potential for increased profitability.
Growth PotentialWith a substantial potential market and less than 5% current penetration, Flux is poised for long-term growth, especially considering the strong demand reflected in a backlog increase to $30.1 million, highlighting the industry's shift towards lithium-ion batteries.
Market Share & Product DifferentiationFlux, as an industrial lithium-ion battery producer with approximately 30% market share in lithium-ion forklift batteries, is set apart by its large scale, engineering support, and commitment to new technology, offering a comprehensive UL-certified product range.