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]

Table of Contents Common Stock IPW The Nasdaq Stock Market LLC 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 September 30, 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 ...

Exhibit 99.1 iPower Reports Fiscal First Quarter 2025 Results Management to Host Conference Call Today at 4:30 p.m. Eastern Time RANCHO CUCAMONGA, CA, November 14, 2024 -- iPower Inc. (Nasdaq: IPW) ("iPower" or the "Company"), a tech and datadriven 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 w ...

RANCHO CUCAMONGA, Calif., Nov. 06, 2024 (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, November 14, 2024 at 4:30 p.m. Eastern time to discuss its financial results for the fiscal first quarter ended September 30, 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 ...

iPower Inc. (IPW) ended the recent trading session at $1.51, demonstrating a -0.66% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.16%. Elsewhere, the Dow lost 0.37%, while the tech-heavy Nasdaq added 0.78%. Shares of the company have depreciated by 16.02% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 0.21% and the S&P 500's gain of 1.67%. Market participants will be closely following the financial results of iPow ...

iPower Inc. (IPW) closed at $1.52 in the latest trading session, marking a -1.3% move from the prior day. This move lagged the S&P 500's daily loss of 0.05%. Elsewhere, the Dow lost 0.02%, while the tech-heavy Nasdaq added 0.18%.The company's stock has climbed by 3.36% in the past month, exceeding the Consumer Discretionary sector's gain of 3.25% and the S&P 500's gain of 2.76%.Market participants will be closely following the financial results of iPower Inc. in its upcoming release. The company's upcoming ...

iPower to Present at the LD Micro Main Event XVII on October 30, 2024October 21, 2024 4:30 PM EDT | Source: LD MicroRancho Cucamonga, California--(Newsfile Corp. - October 21, 2024) - iPower Inc. (NASDAQ: IPW) ("iPower" or the "Company"), a tech and data-driven ecommerce services provider and online retailer, will present and host one-on-one meetings at the 17th annual LD Micro Main Event XVII, which is taking place at the Luxe Sunset Boulevard Hotel in Los Angeles, California on October 28-30 ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phas ...

RANCHO CUCAMONGA, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) ("iPower" or the "Company"), a tech and data-driven ecommerce services provider and online retailer, today announced the successful shipment of its first purchase order (PO) from Vietnam in September. This marks a significant milestone in iPower's ongoing strategy to diversify its supply chain and expand its global reach. Building on its previous engagements with manufacturers in Vietnam, iPower is now realizing the first ...