iPower Reports Fiscal First Quarter 2025 Results
iPower Inc. (IPW)
Company Research
Source: GlobeNewswire
RANCHO CUCAMONGA, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven ecommerce services provider and online retailer, today announced its financial results for the fiscal first quarter ended September 30, 2024. Fiscal Q1 2025 Results vs. Year-Ago Quarter Total revenue was $19.0 million compared to $26.5 million.Gross profit was $8.5 million compared to $11.8 million, with gross margin up 30 bps to 44.7%.Net loss attributable to iPower was $2.0 million or $(0.06) per share, compared to net loss attributable to iPower of $1.3 million or $(0.04) per share.As of September 30, 2024, total debt was reduced by 45% to $3.5 million compared to $6.3 million as of June 30, 2024. Management Commentary “We maintained solid momentum during the quarter with our optimization initiatives and SuperSuite supply chain business,” said Lawrence Tan, CEO of iPower. “We advanced our strategic plan by investing in key areas of the bus
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News
- 49-year-old started his business ‘to make $5,000 a month to survive, pay my mortgage'—he sold it for $100 million [CNBC]CNBC
- iPower Inc (IPW) Q1 2025 Earnings Call Highlights: Strategic Expansion Amid Revenue Challenges [Yahoo! Finance]Yahoo! Finance
- iPower Reports Fiscal First Quarter 2025 Results [Yahoo! Finance]Yahoo! Finance
- iPower Inc. (NYSE: IPW) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- 49-year-old lived on $3 a day when he first moved to the U.S.—now he's a billionaire tech CEO [CNBC]CNBC
IPW
Earnings
- 9/19/24 - Beat
IPW
Sec Filings
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- 11/13/24 - Form 8-K
- IPW's page on the SEC website