Flux Power Q3 revenue drops to $6.6M amid customer freezes; cost cuts and new orders signal potential Q4 growth

Flux Power reported Q3 2026 revenue of $6.6 million, down from $16.7 million a year earlier, mainly due to a major customer's capital freeze and geopolitical tensions delaying orders. The company reduced operating expenses by 30% year-over-year and won a sustainability award at MODEX 2026. Flux Power secured a $1.2 million battery order from a new large cargo airline customer and optimized OEM pricing to boost competitiveness. Management expects about 20% sequential revenue growth in Q4, focusing on strategic initiatives in the growing lithium-ion battery market.