[Management Commentary](index=1&type=section&id=Management%20Commentary) Management discussed strategic supply chain diversification, SuperSuite business growth, and improved operating expenses and debt reduction - The company is actively diversifying its supply chain by expanding manufacturing into the U.S. and sourcing from new geographies to reduce external volatility[2](index=2&type=chunk) - The **SuperSuite business** has grown to represent approximately **20% of the total revenue mix**, indicating strong demand for its end-to-end supply chain solutions[2](index=2&type=chunk) - Despite revenue challenges, the company achieved a **10% improvement in operating expenses** and reduced **total debt obligations by nearly 20%** during the quarter[2](index=2&type=chunk) [Fiscal Third Quarter 2025 Financial Results](index=1&type=section&id=Fiscal%20Third%20Quarter%202025%20Financial%20Results) iPower reported **$16.6 million** revenue and a **$0.3 million** net loss, offset by improved operating expenses and reduced total debt Fiscal Q3 2025 vs. Fiscal Q3 2024 Key Metrics | Metric | Fiscal Q3 2025 | Fiscal Q3 2024 | | :--- | :--- | :--- | | Total Revenue | $16.6 million | $23.3 million | | Gross Profit | $7.2 million | $10.4 million | | Gross Margin | 43.3% | 44.5% | | Net (Loss) Income | $(0.3) million | $1.0 million | | (Loss) Earnings Per Share | $(0.01) | $0.03 | - The decrease in revenue was primarily driven by lower product sales to the Company's largest channel partner, partially offset by growth in SuperSuite supply chain offerings[3](index=3&type=chunk) - Total operating expenses improved by **15% to $7.4 million**, down from **$8.8 million** in the prior-year quarter, due to optimization initiatives and lower fulfillment costs[6](index=6&type=chunk) - Total debt was reduced by **43% to $3.6 million** as of March 31, 2025, compared to **$6.3 million** as of June 30, 2024, strengthening the company's balance sheet[4](index=4&type=chunk)[7](index=7&type=chunk) [Financial Statements](index=4&type=section&id=Financial%20Statements) The unaudited condensed consolidated financial statements detail the company's financial position and performance, reflecting reduced assets and liabilities [Unaudited Condensed Consolidated Balance Sheets](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2025, total assets decreased to **$40.5 million** and total liabilities significantly reduced to **$19.8 million** Balance Sheet Summary (As of March 31, 2025 vs. June 30, 2024) | Account | March 31, 2025 (Unaudited) | June 30, 2024 | | :--- | :--- | :--- | | Cash and cash equivalent | $2,192,254 | $7,377,837 | | Total current assets | $24,805,158 | $35,010,737 | | Total assets | $40,506,481 | $51,295,857 | | Total current liabilities | $12,947,147 | $23,770,015 | | Total liabilities | $19,788,534 | $28,279,824 | | Total stockholders' equity | $20,717,947 | $23,016,033 | [Unaudited Condensed Consolidated Statements of Operations](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations) For the three months ended March 31, 2025, total revenues were **$16.6 million**, resulting in a **$0.3 million** net loss Statement of Operations Summary (Three Months Ended March 31) | Account | 2025 (Unaudited) | 2024 (Unaudited) | | :--- | :--- | :--- | | Total revenues | $16,569,678 | $23,308,508 | | Gross Profit | $7,176,974 | $10,367,109 | | Total operating expenses | $7,445,977 | $8,765,833 | | (Loss) Income from Operations | $(269,003) | $1,601,276 | | Net (Loss) Income Attributable to iPower | $(339,599) | $1,016,082 | | Basic (Losses) Earnings Per Share | $(0.01) | $0.03 | [Conference Call](index=2&type=section&id=Conference%20Call) iPower will host a conference call on May 15, 2025, at 4:30 p.m. ET to discuss fiscal Q3 2025 results, with webcast available - A conference call to discuss results is scheduled for **Thursday, May 15, 2025, at 4:30 p.m. Eastern time**[8](index=8&type=chunk)[10](index=10&type=chunk) - A live webcast and replay of the call will be accessible in the Events & Presentations section of the company's website, **www.meetipower.com**[11](index=11&type=chunk)

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].

Core Insights - iPower Inc. has launched a new strategic initiative under its SuperSuite supply chain platform to enhance domestic manufacturing and assembly capabilities in the United States [1][3] Group 1: Initiative Overview - The "Made In USA" module aims to support the establishment and expansion of domestic manufacturing lines by providing resources for legal compliance, facility setup, labor sourcing, funding opportunities, and sales channels [2][3] - This initiative is part of a broader strategy to address the global trend of reshoring, which is essential for supply chain resilience amid geopolitical shifts [3] Group 2: Company Commitment - The CEO of iPower emphasized that the "Made In USA" platform is designed to strengthen supply chain capabilities and contribute to the revival of American manufacturing, creating opportunities for economic growth and job creation [4] - iPower is engaging with a sales partner to establish a domestic production line, leveraging its support infrastructure and established sales network to efficiently scale production [4] Group 3: Company Background - iPower Inc. is a tech-driven online retailer and provider of ecommerce services, with capabilities including a nationwide warehouse network and robust fulfillment capacity [5]

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].

Company Overview - iPower Inc. is a tech and data-driven online retailer and provider of value-added ecommerce services for third-party products and brands [3] - The company offers a full spectrum of online channels, robust fulfillment capacity, a nationwide network of warehouses, competitive last mile delivery partners, and a differentiated business intelligence platform [3] - iPower aims to efficiently move a diverse catalog of SKUs from supply chain partners to end consumers, providing the best value to customers in the U.S. and other countries [3] Conference Participation - iPower will participate in the 37th Annual Roth Conference taking place at the Laguna Cliffs Marriott Hotel in Dana Point, California from March 16-18, 2025 [1] - The company will host one-on-one meetings throughout the day on March 17, 2025 [1]

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].

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 ...