18th consecutive quarter of year-over-year revenue growth.
Exactly what EFL needs to achieve and fast

and they only have 16 mil shs outstanding. Wow! I love that metric
Tight on cash too. Only $0.2mil on hand Dec 31, 2022

Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has reported its financial and operational results for the fiscal second quarter ended December 31, 2022.

Key Financial & Operational Highlights for the Second Quarter Fiscal Year 2023

• Revenue (Shipments) increased 123% to $17.2M in Q2’23 compared to Q2’22 revenue of $7.7M.
• Gross profit increased 294% to $4.1M in Q2’23 compared to $1.0M in Q2’22.
• Q2’23 gross margin was 24% compared to 14% in Q2’22, reflecting recovery from pandemic driven material cost increases.
• Strategic Supply Chain & Profitability Improvement Initiatives continued to accelerate path to cash flow breakeven.
• Achieved 18th consecutive quarter of year-over-year revenue growth.
• Net cash used in operating activities decreased 88% in Q2’23 compared to Q2’22 and 88% for the six months ended December 31, 2022 compared to the six months ended December 31, 2021.
• Adjusted EBITDA loss decreased 81% in Q2’23 compared to Q2’22 and decreased 71% for the six months ended December 31, 2022 compared to the six months ended December 31, 2021.
• Customer order backlog totaled $30.4M as of December 31, 2022.
• Increased Credit Facility with Silicon Valley Bank by $6.0 million to $14.0 million to support higher working capital requirements related to increased customer demand.
• Expanded testing and product validation capabilities with on-site vibration table, to reduce time required from testing to certification.