Flux Power Holdings, Inc.

Good afternoon and welcome to Flux Power's fiscal third quarter 2026 earnings conference call. At this time, all participants are in listen-only mode. At the conclusion of today's conference call, instructions will be given for the Q&A session. As a reminder, this conference call is being recorded today, May 7, 2026. If you require operator assistance, please press star, then zero. I would now like to turn the call over to Joel Akramowitz of Shelton Group Investor Relations. Joel, please go ahead.

Good afternoon and welcome to FlexPower's fiscal third quarter 2026 earnings conference call. I'm Joel Akramowitz of Shelton Group, FlexPower's investor relations firm. Joining me on today's call are Krishna Vanka, FlexPower's CEO, Kevin Royal, FlexPower's Chief Financial Officer, and Brian McKenzie, FlexPower's new Director of OEM Sales. Before I turn the call over to Krishna, I'd like to remind our listeners that during the course of this conference call, the company will provide financial guidance, projections, comments, and other forward-looking statements regarding future market developments, the future financial performance of a company, new products, or other matters. These statements are subject to the risks and uncertainties that we discuss in detail in our documents filed with the SEC. Specifically, our 10-K and our most recent 10-Q statements which identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements. Also, the company's press release and management statements during this conference call will include discussions of certain adjusted or non-GAAP financial measures. These financial measures and related reconciliations are provided in the company's press release and related current report on form 8K, which can be found in the investor relations section of FlexPower's website at www.flexpower.com. For those of you unable to listen to the entire call at this time, a recording will be available via webcast on the company's website. And now it's my great pleasure to turn the call over to FlexPower CEO, Krishna Vanka. Krishna, please go ahead.

Thank you, Joel, and welcome everyone to our third quarter conference call. As we anticipated and signaled last quarter, third quarter revenue was impacted by two factors. Our largest material handling customer implementing a capital freeze and the dynamic ordering patterns across the business. Late in the quarter, rising geopolitical tensions in the Middle East drove fuel prices higher which further delayed some customer spending. Together, these headwinds pulled consolidated revenue below our expectations entering the quarter. Importantly, however, in both the ground service equipment business and with our material handling customer navigating their capital freeze, customer commitment to flux remains strong. We expect order activity to return to prior levels once these near-term headwinds subside. Given these headwinds, we move decisively on cost. With our targeted headcount reductions and broader efficiency actions, operating expenses are down 30% versus the prior year period. We continue to optimize our sales team, launching aggressive new marketing programs and expanding our OEM partner engagements. We have been successful in adding senior industry sales professionals to the team, and we are in process of replacing our sales leader, and we are anxious to have this position filled soon. Further, under new marketing leadership, we launched a comprehensive digital strategy spanning social media, lead generation, and brand awareness initiatives. We also had a strong showing at the MODEX show in Atlanta last month, one of the most important industry events on our calendar. The highlight was winning the Innovation in Sustainability Award. After a rigorous waiting process, including multiple booth visits from an elite panel of industry judges, Fluxpower was recognized for delivering an innovative sustainability solution not currently offered by any other company in our space. This award reflects our commitment to cleaner, more efficient and holistic energy lifecycle management from design through deployment to recycling. We believe no one in the lithium ion battery industry does this better than flux power. Beyond the award, MODX delivered on several fronts. Boot traffic was strong with meaningful engagement from both new prospects and existing customers. We showcased recent advancements to our Sky EMS fleet intelligence platform including mobile dashboards, real-time notifications, expanded data integration and API connectivity, and advanced reporting and analytics. And we also featured our newly patented state of health technology, which we believe represents a significant advancement in battery lifecycle management. I want to highlight another development driving new business activity. You may recall that we announced last quarter that we hired a new director to work with our existing OEM partners and to identify and cultivate new OEM partnerships. He has more than 20 years of experience working for material handling OEM and their dealer networks. Brian McKenzie is here with us today and will provide an overview of his efforts. Brian?