Flux Power reports Q2 EPS (10c), consensus (18c)

Reports Q2 revenue $17.2M, consensus $14.24M. "The second quarter of fiscal year 2023 delivered our 18th consecutive quarter of year-over-year revenue growth as well as an increased credit facility providing additional cash to fund higher working capital requirements related to increased customer demands and meeting our targeted growth goals," said Ron Dutt, CEO of Flux Power. "The quarter saw gross profit increase 294% to $4.1 million and gross margin expand to 24% compared to $1.0 million and 14%, respectively, in the year-ago period."