Table of Contents Commission file number 001-40391 iPower Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Indicate by check mark if the registrant is a shell company (as defined ...

Financial Data and Key Metrics Changes - Total revenue increased by 50% to $26 million compared to $17.4 million in the same period last year, driven by increased demand for non-hydroponic products [16] - Gross profit rose by 37% to $10 million, with a gross margin of 38.4%, down from 42.1% in the previous year due to higher freight costs [17] - Operating expenses increased to $11.5 million from $6.0 million, with operating expenses as a percentage of revenue rising to 44.1% from 34.7% [18] - Net loss for the quarter was $4.3 million or $0.14 per share, compared to a net income of $0.9 million or $0.03 per share in the same period last year [19] - Cash and cash equivalents increased to $4.8 million from $1.8 million at the end of the previous quarter [21] Business Line Data and Key Metrics Changes - The in-house product mix accounted for over 90% of revenue, up from around 80% in fiscal Q1 2022, with non-hydroponics products making up over 65% of sales during the quarter [8] - The hydroponics and non-hydroponics product lines are roughly equal in revenue contribution, with non-hydroponics growing faster [26] Market Data and Key Metrics Changes - The company is experiencing improvements in supply chain costs, with expectations for continued decreases in overseas shipping costs and lead times [14][23] Company Strategy and Development Direction - The company plans to invest more in R&D to create higher value and higher margin products, aiming to roll out new products in 2023 [9] - A strategic decision was made to stockpile inventory to ensure availability of fast-moving products, which has impacted gross margins due to higher freight costs [11] - The company is revamping its branding to unify its diverse product portfolio and enhance customer experience [13] Management's Comments on Operating Environment and Future Outlook - Management acknowledges ongoing challenges from the supply chain but remains optimistic about improving conditions and expects to reduce inventory levels over the next few quarters [15][23] - The company is focused on capital allocation and returning to profitability while navigating the macroeconomic environment [22] Other Important Information - The company is working on diversifying its customer base beyond Amazon and expanding its non-hydroponics sales internationally [42][45] Q&A Session Summary Question: Can you quantify the top line results by business segments? - The hydroponics and non-hydroponics product lines are roughly equal, with non-hydroponics growing faster than hydroponics [26] Question: What are the gross margins for each business segment? - Gross margins for in-house products are relatively the same for both segments, with non-hydroponics contributing over half of total revenue [26] Question: Will R&D spending impact profitability? - Initial R&D spending may slightly impact gross margins, but over time, it is expected to improve margins by reducing co-engineering costs [40][41] Question: What is the status of the temporary warehouse costs? - The company expects to eliminate elevated warehouse costs during the fiscal year as inventory levels decrease [39] Question: Is there any diversification in the customer base? - The company is making progress in diversifying its customer base and is working with big box retailers to expand sales channels [45][46]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT UNDER 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) | Nevada | 5200 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year June 30, 2022 OR ☐ TRANSITION REPORT UNDER 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) | Nevada | 5200 | 82-5144171 | | ...

iPower Inc. (NASDAQ:IPW) Q4 2022 Results Conference Call September 27, 2022 4:30 PM ET Company Participants Kevin Vassily - Chief Financial Officer Lawrence Tan - Chairman, Chief Executive Officer, President & Secretary Conference Call Participants Scott Fortune - ROTH Capital Partners Michael Baker - DA Davidson Presentation Operator Good afternoon everyone, and thank you for participating in today's conference call to discuss iPower's Financial Results for its Fiscal Fourth Quarter and Full Year ended Jun ...

Financial Data and Key Metrics Changes - Total revenue increased by 74% year-over-year to $22.9 million, up from $13.1 million in the same quarter last year [6][17] - Gross profit rose by 59% to $9.2 million, with a gross margin of 40.3%, down from 43.9% in the previous year [17][18] - Net income for the quarter was $1.2 million, or $0.04 per share, compared to a net loss of $0.2 million, or a loss of $0.01 per share, in the same period last year [20] Business Line Data and Key Metrics Changes - In-house products accounted for approximately 82% of total revenue during the quarter [7][17] - Strong demand was noted for ventilation products, commercial fans, and new shelving products [17] Market Data and Key Metrics Changes - The company expanded its business into Europe and the UK, completing its first order for hydroponics-related products [10] - The European market is viewed as a significant medium to long-term opportunity as the consumer hydroponics market develops [10] Company Strategy and Development Direction - The company is focusing on expanding its product offerings and enhancing its supply chain capabilities through strategic acquisitions and joint ventures [11][13] - A rebranding initiative is underway to optimize market perception and marketing allocation [15] - The company plans to continue developing new in-house SKUs and expand into additional markets while strengthening existing ones [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating supply chain challenges due to a robust network of supply partners [9] - The company anticipates continued growth and plans to mitigate supply chain impacts through strategic procurement and production [22] Other Important Information - Total long-term debt increased to $13.4 million from $0.5 million, attributed to timing and the use of a revolving credit facility [21] - Cash and cash equivalents were reported at $2.6 million, down from $6.7 million, primarily due to accounts receivable timing [20] Q&A Session Summary Question: Update on new sales channel initiatives with big box retailers - Management is actively working on this but does not expect large purchase orders before the end of the fiscal year [25] Question: Growth drivers amidst challenges in the hydroponic industry - Growth is attributed to an increasing share of in-house products, a strong supply network, and effective data analytics [27] Question: Addressing cash levels and inventory needs - Inventory was built up in anticipation of demand and to mitigate risks from potential COVID-related disruptions in China [35] - The company has sufficient capital and flexibility to support future initiatives [35]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT UNDER 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) | Nevada | 5200 | 8 ...

Call Start: 16:30 January 1, 0000 4:52 PM ET iPower Inc. (NASDAQ:IPW) Q2 2022 Earnings Conference Call February 14, 2022 16:30 ET Company Participants Kevin Vassily - Chief Financial Officer Chenlong Tan - Chairman, Chief Executive Officer, President & Secretary Conference Call Participants Jeffrey Walter - D.A. Davidson Scott Fortune - ROTH Capital Partners Operator Good afternoon, everyone and thank you for participating in today's conference call to discuss iPower's Financial Results for Fiscal Second Qu ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended December 31, 2021 OR ☐ TRANSITION REPORT UNDER 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) | Nevada | 5200 | 82-5144 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) (Exact name of registrant as specified in its charter) | Nevada | 5200 | 82-5144171 | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorporation or organization) | Classification Code Number) | Identification Number) | 2399 Bateman Avenue, Duarte, CA 91010 (626) 863-7344 ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXC ...