iPower (IPW)

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iPower Reports Fiscal Third Quarter 2025 Results
Globenewswire· 2025-05-15 20:05
Core Viewpoint - iPower Inc. reported a decline in total revenue for the fiscal third quarter of 2025, primarily due to lower product sales to its largest channel partner, while the SuperSuite business showed growth and now represents approximately 20% of total revenue [4][3]. Financial Results - Total revenue for Q3 2025 was $16.6 million, down from $23.3 million in Q3 2024, reflecting a decrease in product sales [4][8]. - Gross profit decreased to $7.2 million from $10.4 million year-over-year, with a gross margin of 43.3% compared to 44.5% in the previous year [5][8]. - Operating expenses improved by 15% to $7.4 million from $8.8 million in Q3 2024, driven by lower general and administrative costs [6][8]. - The net loss attributable to iPower was $0.3 million or $(0.01) per share, compared to a net income of $1.0 million or $0.03 per share in Q3 2024 [7][8]. Management Commentary - The CEO highlighted efforts to diversify the supply chain by expanding manufacturing into the U.S. and building relationships with alternative suppliers [3]. - The CFO noted a 10% improvement in operating expenses and a nearly 20% reduction in total debt obligations during the quarter [3]. Business Segment Performance - The SuperSuite business is gaining traction, contributing approximately 20% to total revenue, indicating strong demand for end-to-end supply chain solutions [3].
iPower Enhances SuperSuite Supply Chain Capabilities with “Made in USA” Module
GlobeNewswire News Room· 2025-05-14 12:30
This initiative serves as a cornerstone of SuperSuite's broader supply chain solution and aligns with the increasing global focus on reshoring as a critical lever for supply chain resilience. As manufacturers seek to diversify operations, reduce dependency on international logistics, and respond to shifting geopolitical dynamics, the "Made In USA" module provides a much-needed platform to bring advanced manufacturing skills and capabilities to U.S. soil. "Our mission with the 'Made In USA' platform is to no ...
iPower Schedules Fiscal Third Quarter 2025 Conference Call for May 15, 2025 at 4:30 p.m. ET
Globenewswire· 2025-05-01 12:30
Core Viewpoint - iPower Inc. will host a conference call on May 15, 2025, to discuss its financial results for the fiscal third quarter ended March 31, 2025 [1][2]. Company Overview - iPower Inc. is a tech and data-driven online retailer and provider of ecommerce services, offering a full spectrum of online channels, robust fulfillment capacity, and a nationwide network of warehouses [4]. - The company aims to efficiently move a diverse catalog of SKUs from supply chain partners to end consumers, providing value to customers in the U.S. and other countries [4]. Conference Call Details - The conference call is scheduled for May 15, 2025, at 4:30 p.m. Eastern time, with a question-and-answer period following the management's presentation [2]. - Participants are encouraged to dial in 5-10 minutes prior to the start time, and a live webcast will also be available for replay on the company's website [3]. Investor Relations - For any inquiries, investors can contact the investor relations team at Elevate IR [6].
iPower to Participate at the 37th Annual Roth Conference on March 17, 2025
Newsfilter· 2025-03-14 12:30
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 ...
iPower to Participate at the 37th Annual Roth Conference on March 17, 2025
Globenewswire· 2025-03-14 12:30
Core Viewpoint - iPower Inc. is actively participating in the 37th Annual Roth Conference, showcasing its position as a tech and data-driven ecommerce services provider and online retailer [1]. Company Overview - iPower Inc. operates as a tech and data-driven online retailer, offering value-added ecommerce services for third-party products and brands [3]. - The company boasts a comprehensive range of online channels, robust fulfillment capacity, a nationwide warehouse network, competitive last mile delivery partners, and a unique business intelligence platform [3]. - iPower aims to efficiently deliver a diverse catalog of SKUs from supply chain partners to end consumers, providing optimal value to customers in the U.S. and internationally [3]. Conference Participation - iPower will host one-on-one meetings on March 17, 2025, during the Roth Conference, allowing for direct engagement with its management team [1][2].
iPower’s SuperSuite Supply Chain Business Accelerates to Achieve Record Revenue Contribution
Globenewswire· 2025-03-13 12:30
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 ...
iPower's SuperSuite Supply Chain Business Accelerates to Achieve Record Revenue Contribution
Newsfilter· 2025-03-13 12:30
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 ...
iPower (IPW) - 2025 Q2 - Quarterly Report
2025-02-14 15:20
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 (IPW) - 2025 Q2 - Earnings Call Transcript
2025-02-13 23:43
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 ...
iPower (IPW) - 2025 Q2 - Quarterly Results
2025-02-13 21:10
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 $ ...