iPower Reports Fiscal Fourth Quarter and Full Year 2024 Results
iPower Inc. (IPW)
Company Research
Source: GlobeNewswire
Optimization Initiatives Drive Material Gross Margin Expansion and Second Consecutive Quarter of Profitability iPower Management to Host Conference Call Today at 4:30 p.m. Eastern Time RANCHO CUCAMONGA, Calif., Sept. 19, 2024 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven online retailer and supplier of consumer home, pet and garden products, as well as a provider of value-added ecommerce services, today announced its financial results for the fiscal fourth quarter and full fiscal year ended June 30, 2024. Fiscal Q4 2024 Results vs. Year-Ago Quarter Total revenue was $19.5 million compared to $23.4 million.Gross profit increased 2% to $9.2 million, with gross margin up 870 bps to 47.4% compared to 38.7%.Net income attributable to iPower increased to $0.7 million or $0.02 per share, compared to net loss attributable to iPower of $3.0 million or $(0.10) per share.Adjusted net income attributable to iPower (a non-GAAP financial me
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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 Reports Fiscal First Quarter 2025 ResultsGlobeNewswire
- iPower Inc. (NYSE: IPW) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
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