![]() ![]() The recently passed Inflation Reduction Act includes tax and other incentives that are aimed at significantly accelerating the adoption of zero-emission technologies for commercial vehicles. Additional momentum is being driven by the accelerating ‘economy-wide’ renewable energy transition. Our strategic initiatives to accelerate backlog conversion to shipments and increase inventory turns are also driving revenue results and gross margins that will lead toward profitability. Ron Dutt, Flux Power Chief Executive Officer, commented, “We believe new purchase orders in our fiscal year 2022 are a strong indicator of our potential to reach $70 million in annual revenue run rate in the near term. Our strategy reflects a “relationship,” not transactional, business with our customers that provides ongoing new purchase needs and service requirements. While not an exact measure, we estimate that purchase orders indicate future revenue potential from new customers in fiscal year 2022 was 26% of revenue, with the remaining 74% from repeat customers. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced combined purchase orders from new and existing customers in excess of $64 million in the fiscal year June 30, 2022, which was more than 82% over the order volume for fiscal year June 30, 2021. You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself.VISTA, Calif.-( BUSINESS WIRE)- Flux Power Holdings, Inc. Simply Wall St has no position in any stocks mentioned. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. This article by Simply Wall St is general in nature. Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. If companies with solid past earnings growth is up your alley, you may wish to see this free collection of other companies with strong earnings growth and low P/E ratios. You need to take note of risks, for example - Flux Power Holdings has 3 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about. Perhaps investors are concerned that the company could underperform against the forecasts over the near term. The low P/S could be an indication that the revenue growth estimates are being questioned by the market. ![]() We've seen that Flux Power Holdings currently trades on a lower than expected P/S since its forecast growth is in line with the wider industry. Apparently some shareholders are doubtful of the forecasts and have been accepting lower selling prices. In light of this, it's peculiar that Flux Power Holdings' P/S sits below the majority of other companies. Meanwhile, the rest of the industry is forecast to expand by 33% per annum, which is not materially different. Turning to the outlook, the next three years should generate growth of 33% per annum as estimated by the three analysts watching the company. Therefore, it's fair to say the revenue growth recently has been superb for the company. Spectacularly, three year revenue growth has ballooned by several orders of magnitude, thanks in part to the last 12 months of revenue growth. If we review the last year of revenue growth, the company posted a terrific increase of 117%. ![]() There's an inherent assumption that a company should underperform the industry for P/S ratios like Flux Power Holdings' to be considered reasonable. ![]() Do Revenue Forecasts Match The Low P/S Ratio? Want the full picture on analyst estimates for the company? Then our free report on Flux Power Holdings will help you uncover what's on the horizon. If the company manages to stay the course, then investors should be rewarded with a share price that matches its revenue figures. One possibility is that the P/S ratio is low because investors think this strong revenue performance might be less impressive moving forward. With revenue growth that's superior to most other companies of late, Flux Power Holdings has been doing relatively well. Ps-multiple-vs-industry What Does Flux Power Holdings' Recent Performance Look Like? ![]()
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