Ground support equipment

Flux Power Reports Fiscal Year 2024 Second Quarter Financial Results

Retrieved on: 
Thursday, February 8, 2024

We made good progress during the second fiscal quarter delivering positive Adjusted EBITDA of $0.3 million, an improvement of $1.2 million from an Adjusted EBITDA loss of $0.9 million in the second fiscal quarter of 2023 and sequential improvement from a loss of $1.2 million in the first fiscal quarter of 2024.

Key Points: 
  • We made good progress during the second fiscal quarter delivering positive Adjusted EBITDA of $0.3 million, an improvement of $1.2 million from an Adjusted EBITDA loss of $0.9 million in the second fiscal quarter of 2023 and sequential improvement from a loss of $1.2 million in the first fiscal quarter of 2024.
  • Cash used for operations was also down significantly to $1.0 million in the second fiscal quarter compared to $3.1 million in the first fiscal quarter.
  • Gross profit for the fiscal second quarter of 2024 increased 38% to $5.7 million compared to a gross profit of $4.1 million in the fiscal second quarter of 2023.
  • Gross margin increased to 31% in the fiscal second quarter of 2024 as compared to 24% in the fiscal second quarter of 2023.

Flux Power Fiscal Year 2024 First Quarter Financial Results

Retrieved on: 
Thursday, November 9, 2023

Gross profit for the fiscal first quarter of 2024 increased to $4.3 million compared to a gross profit of $3.9 million in the fiscal first quarter of 2023.

Key Points: 
  • Gross profit for the fiscal first quarter of 2024 increased to $4.3 million compared to a gross profit of $3.9 million in the fiscal first quarter of 2023.
  • Gross margin increased to 29% in the fiscal first quarter of 2024 as compared to 22% in the fiscal first quarter of 2023.
  • Research & Development expenses increased to $1.3 million in the fiscal first quarter of 2024, compared to $1.2 million in the fiscal first quarter of 2023, primarily due to higher staff related expenses.
  • Net loss for the fiscal first quarter of 2024 was $2.1 million, similar to the fiscal first quarter of 2023, with nominal improvement principally reflecting increased gross profit, offset by increased operating expenses and interest expense.

Flux Power to Showcase the Latest Lithium-Ion Solutions for Electrifying Airport Ground Support Equipment

Retrieved on: 
Tuesday, September 19, 2023

Flux Power Holdings, Inc. (NASDAQ: FLUX ), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced the Company’s exhibition at GSE EXPO 2023 will feature the energy storage and telematics platforms that are facilitating fleet-wide electrification of Ground Support Equipment.

Key Points: 
  • Flux Power Holdings, Inc. (NASDAQ: FLUX ), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced the Company’s exhibition at GSE EXPO 2023 will feature the energy storage and telematics platforms that are facilitating fleet-wide electrification of Ground Support Equipment.
  • Flux Power’s exhibition with airline ground support equipment integration partner Averest Inc. September 26-28, 2023 will include demonstrations of Flux Power’s SkyBMS™ telematics platform alongside its lithium-ion batteries and packs that have enabled fleet-wide electrification for customers including Delta Air Lines.
  • Flux Power’s heavy-duty lithium-ion solutions for Classes I-III material handling equipment include energy storage products designed and manufactured for optimized and reliable performance in dynamic airport environments, where accounting for GSE efficiency can include measuring its carbon emissions.
  • Live demonstrations of Flux Power’s SkyBMS and system-agnostic lithium-ion energy technologies for tugs, loaders, and other GSE will be on display at Booth # 2716 at the Las Vegas Convention Center September 26-28, 2023.

Green Cubes Technology To Demonstrate Ground Support Equipment Batteries at the International GSE Expo

Retrieved on: 
Tuesday, August 29, 2023

KOKOMO, Ind., Aug. 29, 2023 /PRNewswire-PRWeb/ -- Green Cubes Technology (Green Cubes), the leader in producing Lithium-ion (Li-ion) power systems that facilitate the transition from lead acid batteries and Internal Combustion Engine (ICE) power to green Li-ion battery power, today announced it will exhibit at the International GSE Expo 2023 September 26 through September 28 in Booth 3316 at the Las Vegas Convention Center in Nevada.

Key Points: 
  • The company will demonstrate batteries for electronic ground support equipment as airports and airfields across the world are switching to electric vehicles to save energy, money and the environment.
  • Lauded as the premier event dedicated to the advancement of ground support equipment, GSE Expo is one of the most trusted platforms for information exchange, networking, and business development, providing interactive opportunities to see first-hand the products, equipment and technologies impacting the ground support market today.
  • Green Cubes will demonstrate its drop-in Lithium SAFEflex batteries for ground support equipment at GSE Expo.
  • In addition to the existing Lithium SAFEflex batteries, Green Cubes offers custom OEM batteries to manufacturers of Ground Support Equipment to meet OEM's exacting requirements.

Zephyr Project Welcomes Analog Devices, Arduino and Technology Innovation Institute as New Members as it Launches the 3.4 Release

Retrieved on: 
Tuesday, June 20, 2023

SAN FRANCISCO , June 20, 2023 /PRNewswire/ -- Today, the Zephyr® Project announced that Analog Devices (ADI) has joined as a Platinum member as well as Arudino and Technology Innovation Institute (TII) as Silver members. Zephyr, an open source project at the Linux Foundation that builds a secure, connected and flexible RTOS for future-proof and resource-constrained devices, is easy to deploy and manage. It is a proven RTOS ecosystem created by developers for developers.

Key Points: 
  • SAN FRANCISCO , June 20, 2023 /PRNewswire/ -- Today, the Zephyr® Project announced that Analog Devices (ADI) has joined as a Platinum member as well as Arudino and Technology Innovation Institute (TII) as Silver members.
  • The project recently achieved several milestones including surpassing 80,000 commits since it was released in open source in 2015.
  • Zephyr RTOS supports over 450 boards running embedded microcontrollers from Arm and RISC-V to Tensilica, NIOS, ARC and x86 as single and multicore systems.
  • "Arduino is proud to support the Zephyr Project and join the remarkable community," said Fabio Violante, CEO of Arduino.

Samsara Announces 2023 Connected Operations Award Winners

Retrieved on: 
Thursday, June 15, 2023

Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced the winners of its 2023 Connected Operations Awards .

Key Points: 
  • Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced the winners of its 2023 Connected Operations Awards .
  • View the full release here: https://www.businesswire.com/news/home/20230615948718/en/
    Samsara 2023 Connected Operations Awards (Graphic: Business Wire)
    “At Samsara, we believe technology informs but people transform.
  • Our winners demonstrate what’s possible when people are empowered by technology to create meaningful change,” said Robert Stobaugh, Chief Customer Officer at Samsara.
  • GCPS made Samsara a core part of its operations, gaining visibility into activities inside and outside of school buses, and real-time location information.

Unifi wins 2023 Service Leader of the Year Award

Retrieved on: 
Tuesday, May 16, 2023

ATLANTA, May 16, 2023 /PRNewswire/ -- Unifi Aviation is recognized as 2023 Service Leader of the Year by Ground Support Worldwide magazine, the leading publication for the aviation ground support community around the globe.

Key Points: 
  • ATLANTA, May 16, 2023 /PRNewswire/ -- Unifi Aviation is recognized as 2023 Service Leader of the Year by Ground Support Worldwide magazine, the leading publication for the aviation ground support community around the globe.
  • Peers and thought leaders from the industry nominate award recipients, and the magazine's judging panel evaluates all candidates based on merit and accomplishments.
  • "I'm delighted to accept this award on behalf of everyone at Unifi," said Gautam Thakkar, Unifi, Chief Executive Officer.
  • Ground Support Worldwide began its Leader of the Year program in 2005 to recognize those in the industry paving the way – from aviation service providers to GSE (Ground Support Equipment) manufacturers.

Ground Support Equipment To Grow USD 3588.1 million by 2028 with a CAGR of 5.3% | Valuates Reports

Retrieved on: 
Tuesday, November 1, 2022

Ground Support Equipment market size is estimated to be worth USD 2632 million in 2022 and is forecast to a readjusted size of USD 3588.1 million by 2028 with a CAGR of 5.3% during the review period.

Key Points: 
  • Ground Support Equipment market size is estimated to be worth USD 2632 million in 2022 and is forecast to a readjusted size of USD 3588.1 million by 2028 with a CAGR of 5.3% during the review period.
  • Increased air traffic and cargo, increased airport focus on improving operational efficiency, high service standards, and leasing of ground support equipment are some of the important factors influencing the growth of the ground support equipment market.
  • This factor is expected to drive the growth of the Ground Support Equipment Market.
  • Get Your Sample Report Today: https://reports.valuates.com/request/sample/QYRE-Auto-0145/Global_Ground...
    GROUND SUPPORT EQUIPMENT MARKET SHARE ANALYSIS:
    North America is expected to be the most lucrative region.

Ground Support Equipment To Grow USD 3588.1 million by 2028 with a CAGR of 5.3% | Valuates Reports

Retrieved on: 
Tuesday, November 1, 2022

Ground Support Equipment market size is estimated to be worth USD 2632 million in 2022 and is forecast to a readjusted size of USD 3588.1 million by 2028 with a CAGR of 5.3% during the review period.

Key Points: 
  • Ground Support Equipment market size is estimated to be worth USD 2632 million in 2022 and is forecast to a readjusted size of USD 3588.1 million by 2028 with a CAGR of 5.3% during the review period.
  • Increased air traffic and cargo, increased airport focus on improving operational efficiency, high service standards, and leasing of ground support equipment are some of the important factors influencing the growth of the ground support equipment market.
  • This factor is expected to drive the growth of the Ground Support Equipment Market.
  • Get Your Sample Report Today: https://reports.valuates.com/request/sample/QYRE-Auto-0145/Global_Ground...
    GROUND SUPPORT EQUIPMENT MARKET SHARE ANALYSIS:
    North America is expected to be the most lucrative region.

Transcat Establishes Calibration Presence in Ireland with Acquisition of Complete Calibrations and acquires Cleveland-based e2b Calibration

Retrieved on: 
Wednesday, September 28, 2022

In addition, the Company also announced that it acquired substantially all of the assets of e2b Calibration, effective September 27, 2022.

Key Points: 
  • In addition, the Company also announced that it acquired substantially all of the assets of e2b Calibration, effective September 27, 2022.
  • Founded in 2006 and based in Cork, Ireland, Complete Calibrations is an ISO 17025 accredited calibration company specializing in calibration services for the life sciences industry.
  • Complete Calibrations is a small, but very strategic acquisition for Transcat.
  • First, it provides Transcat with a local calibration presence to support the robust and growing life science market in Ireland, commented Lee Rudow, President and Chief Executive Officer.