RANCHO CUCAMONGA, Calif., March 14, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven ecommerce services provider and online retailer, today announced its participation at the 37th Annual Roth Conference, which is taking place at the Laguna Cliffs Marriot Hotel in Dana Point, California on March 16-18, 2025. iPower will host one-on-one meetings throughout the day on Monday, March 17, 2025. For additional information about the conference, or to schedule on ...

RANCHO CUCAMONGA, Calif., March 14, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (NASDAQ:IPW) ("iPower" or the "Company"), a tech and data-driven ecommerce services provider and online retailer, today announced its participation at the 37th Annual Roth Conference, which is taking place at the Laguna Cliffs Marriot Hotel in Dana Point, California on March 16-18, 2025. iPower will host one-on-one meetings throughout the day on Monday, March 17, 2025. For additional information about the conference, or to schedule one ...

SuperSuite Now Accounts for Approximately 20% of iPower’s Total Revenue MixRANCHO CUCAMONGA, Calif., March 13, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven ecommerce services provider and online retailer, today announced its SuperSuite supply chain business (“SuperSuite”) has achieved a significant growth milestone as it now accounts for approximately 20% of the Company’s total revenue mix. “Our ability to scale SuperSuite to approximately 20% of our ...

RANCHO CUCAMONGA, Calif., March 13, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (NASDAQ:IPW) ("iPower" or the "Company"), a tech and data-driven ecommerce services provider and online retailer, today announced its SuperSuite supply chain business ("SuperSuite") has achieved a significant growth milestone as it now accounts for approximately 20% of the Company's total revenue mix. "Our ability to scale SuperSuite to approximately 20% of our total revenue mix is a testament to the growing demand for our comprehensiv ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number 001-40391 iPower Inc. (Exact name of registrant as specified in its charter) (State ...

iPower Inc. (NASDAQ:IPW) Q2 2025 Earnings Conference Call February 13, 2025 4:30 PM ET Company Participants Kevin Vassily - Chief Financial Officer Lawrence Tan - Chairman & Chief Executive Officer Conference Call Participants Thierry Wuilloud - Water Tower Research Kevin Vassily Good afternoon, everyone. By now, everyone should have access to our fiscal second quarter 2025 earnings press release. Which was issued earlier today at approximately or 5:00 PM EST. The release is available in the investor relati ...

Exhibit 99.1 iPower Reports Fiscal Second Quarter 2025 Results Fiscal Q2 Revenue up 13% to $19.0 Million Achieves GAAP Profitability and Positive Cash Flow from Operations RANCHO CUCAMONGA, CA, February 13, 2025 -- 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 second quarter ended December 31, 2024. Fiscal Q2 2025 Results vs. Year-Ago Quarter Cash and cash equivalents were $ ...

Fiscal Q2 Revenue up 14% to $19.1 Million Achieves GAAP Profitability and Positive Cash Flow from Operations RANCHO CUCAMONGA, Calif., Feb. 13, 2025 (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 second quarter ended December 31, 2024. Fiscal Q2 2025 Results vs. Year-Ago Quarter Total revenue increased 14% to $19.1 million.Gross profit increased 15% to $8. ...

RANCHO CUCAMONGA, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (NASDAQ:IPW) ("iPower" or the "Company"), a tech and data-driven ecommerce services provider and online retailer, will host a conference call on Thursday, February 13, 2025 at 4:30 p.m. Eastern time to discuss its financial results for the fiscal second quarter ended December 31, 2024. The Company's results will be reported in a press release prior to the call. iPower management will host the conference call, followed by a question-and- ...

Financial Data and Key Metrics - Total revenue for Q1 2025 was $19 million, down from $26.5 million in the same quarter last year, primarily due to higher promotional activity in the prior year [19] - Gross profit for Q1 2025 was $8.5 million, compared to $11.8 million in Q1 2024, with gross margin increasing by 30 basis points to 44.7% [20] - Operating expenses decreased by 14% to $11.2 million, driven by lower selling and fulfillment expenses, partially offset by $1.8 million in inventory write-downs and credit loss reserves [21] - Net loss attributable to iPower was $2 million or $0.06 per share, compared to a net loss of $1.3 million or $0.04 per share in Q1 2024 [22] - Cash and cash equivalents were $2.6 million as of September 30, 2024, down from $7.4 million at June 30, 2024 [23] - Total debt was reduced by 45% to $3.5 million, and the company renewed its secured revolving credit facility with JPMorgan Chase, extending the maturity to November 2027 [23][24] Business Line Performance - SuperSuite supply chain platform saw growth, contributing to revenue despite overall decline [19] - SuperSuite accounted for approximately 10% of total sales, with ongoing efforts to expand its capabilities and partnerships [38] - The company launched on AliExpress and strengthened its presence on TikTok Shop and Temu, aligning with a diverse customer base [9][13] Market Performance - The company expanded its sales reach by launching on AliExpress, joining other U.S. sales channels such as Amazon, Walmart.com, Temu, and TikTok Shop [13] - SuperSuite's supplier online platform was launched to optimize supplier interactions and streamline operational workflows [12] Strategic Direction and Industry Competition - The company is focused on optimizing its cost structure, diversifying its manufacturing base, and expanding its SuperSuite platform to meet evolving e-commerce and supply chain needs [16][17] - A new manufacturing partner in Vietnam was onboarded, with the first purchase order shipment completed in September 2024, expected to reduce production and logistics costs [16] - The company is preparing for potential tariff increases by diversifying its supply chain and reducing reliance on China-based manufacturing [41][44] Management Commentary on Operating Environment and Future Outlook - Management highlighted the normalization of supply chain lead times and reduced inventory levels by 18% compared to June 30, 2024 [15] - The company expects continued growth in SuperSuite and improved margins due to cost optimization efforts [25] - Management expressed confidence in the resilience of the supply chain and the ability to adapt to market changes [18] Other Important Information - The company disclosed service income and expenses related to its fee-for-service business lines within SuperSuite [27] - Inventory write-downs of $1.8 million were recorded in the income statement [28] Q&A Session Summary Question: Service income and expenses - The service fees are part of the fee-for-service business line within SuperSuite [27] Question: Inventory write-downs - The $1.8 million inventory write-down was recorded in the income statement [28] Question: Revenue baseline and future outlook - The $19 million revenue in Q1 2025 is considered a baseline, with expectations for growth as supply chain transitions are completed [30][32] Question: New sales channels (Temu, TikTok, AliExpress) - Temu is seen as having the best potential due to its alignment with the company's product portfolio and strong marketing efforts [35][36] Question: SuperSuite growth expectations - SuperSuite accounts for 10% of total sales, with expectations for growth as more supply chain partners come onboard [38][40] Question: Tariff impact and supply chain diversification - The company is preparing for potential tariff increases by diversifying manufacturing outside of China and leveraging SuperSuite to reduce inventory needs [41][44] Question: Gross margin outlook - Gross margins are expected to remain in the mid- to high-40s, with potential fluctuations due to container costs [50][51] - SuperSuite's growth may lead to lower gross margins due to its different business model [52]