Stock Alert: Flux Power Holdings Shares Soar 31%

(RTTNews) - Shares of Flux Power Holdings Inc. (FLUX) touched a new 52-week high of $7.49 Tuesday morning, and are currently trading at $7.09, up $1.69 or 31.30% in the regular session, with trading volume rising over 654K versus an average volume of 434K shares.

The company's Q4 net loss was $3.25 million or $0.63 per share compared to a loss of $3.28 million or $0.64 per share last year. Net revenue surged to $6.26 million from $3.02 million generated a year ago.

Flux Power CEO Ron Dutt said, "We expect this growth pace to continue in fiscal year 2021 and beyond as we are expanding penetration of our current large customer's fleets and adding new customers by leveraging current successes."