Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, issued a letter to shareholders from Ron Dutt, CEO of Flux Power.
Dear Fellow Shareholders,
On behalf of the entire team at Flux Power, we hope you had a wonderful Holiday Season and wish you a Happy New Year!
Throughout calendar year 2022, Flux Power continued its record of high growth while executing key initiatives to address supply chain disruption and accelerate our path to cash flow breakeven. The year was highlighted by new purchase orders from installed and new customers, a reduction in backlog, and the addition of new lithium-ion battery packs.
We ended 2022 with over 15,000 high performance battery packs in the field for lift trucks and other industrial equipment including…