iPower (US:IPW)2025-11-14 14:20Financial Performance - Total revenue for fiscal Q1 2026 was $12.0 million, a decrease of 36.8% compared to $19.0 million in the same period of fiscal 2025[5] - Gross profit for the quarter was $4.8 million, with a gross margin of 40.0%, down from 44.7% in the year-ago period[6] - Total operating expenses decreased by 42% to $6.5 million, compared to $11.2 million for the same period in fiscal 2025[7] - Net loss attributable to iPower improved to $0.5 million or $(0.51) per share, compared to a net loss of $2.1 million or $(1.94) per share in the same period last year[9] Debt and Cash Management - Total debt was reduced by 48% to $1.9 million as of September 30, 2025, down from $3.7 million as of June 30, 2025[8] - Cash and cash equivalents were $0.9 million at September 30, 2025, down from $2.0 million at June 30, 2025[9] Strategic Initiatives - The company is focusing on a Digital Asset Strategy to leverage its e-commerce infrastructure for connecting consumers with digital-asset products[4] - iPower is transitioning to a more diversified supply chain, reducing reliance on China, which has improved logistical control and reduced tariff exposure[4] - The company aims to drive sustainable growth and create long-term value for shareholders through operational efficiencies and an expanding network of partners[4] Revenue Sources - Services income increased more than 2x to $1.5 million, contributing to the overall revenue[8]