iPower Reports Fiscal Fourth Quarter and Full Fiscal Year 2025 Results

Core Insights - iPower Inc. reported a significant decline in total revenue and net loss for the fiscal fourth quarter and full year ended June 30, 2025, indicating challenges in its operations and market conditions [5][9]. Fiscal Q4 2025 Results vs. Year-Ago Quarter - Total revenue for Q4 2025 was $11.5 million, down from $19.5 million in Q4 2024, primarily due to lower product sales to the largest channel partner, although there was growth in SuperSuite supply chain offerings [5]. - Gross profit decreased to $4.9 million from $8.7 million year-over-year, with a gross margin of 43.0%, down from 44.6% [6][7]. - The net loss attributable to iPower was $2.8 million or $(0.09) per share, compared to a net income of $0.7 million or $0.02 per share in the same quarter last year [9][18]. Fiscal 2025 Summary vs Fiscal 2024 - Total revenue for the full fiscal year 2025 was $66.1 million, a decrease from $86.1 million in fiscal 2024 [17]. - The company reported a net loss of $5.0 million for the year, compared to a loss of $1.5 million in fiscal 2024 [17]. - Total debt was reduced by 41% to $3.7 million, enhancing liquidity and balance-sheet flexibility [7][9]. Management Commentary - The CEO highlighted that fiscal 2025 was pivotal for iPower, focusing on long-term growth and profitability despite tariff-related disruptions [4]. - The company transitioned from a China import-based supply chain to a predominantly U.S.-based inventory model, which is expected to improve logistical control and reduce exposure to tariff risks [4]. - iPower launched a domestic joint-venture manufacturing line to support its U.S. supply chain strategy and enhance margin stability [4]. - The company aims to expand its SuperSuite partner network and domestic manufacturing infrastructure to improve supply chain agility and scalability [4].