iPower Reports Fiscal Second Quarter 2024 Results
iPower Inc. (IPW)
Company Research
Source: GlobeNewswire
DUARTE, Calif., Feb. 14, 2024 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven online retailer and supplier of consumer home and garden products, as well as a provider of value-added ecommerce services, today announced its financial results for the fiscal second quarter ended December 31, 2023. Fiscal Q2 2024 Results vs. Fiscal Q2 2023 (unless otherwise noted) Total revenue was $16.8 million compared to $19.3 million.Gross profit was $7.3 million compared to $8.0 million, with gross margin up 220 bps to 43.6% compared to 41.4%.Net loss attributable to iPower improved 42% to $1.9 million or $(0.06) per share, compared to net loss attributable to iPower of $3.3 million or $(0.11) per share.As of December 31, 2023, net debt (total debt less cash) was reduced by 56% to $3.6 million compared to net debt of $8.1 million as of June 30, 2023. Management Commentary “In our fiscal second quarter, we continued to drive gross margin expansio
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IPW
News
- iPower Inc. (NYSE: IPW) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- iPower Schedules Fiscal Third Quarter 2024 Conference Call for May 14, 2024 at 4:30 p.m. ETGlobeNewswire
- iPower Inc. (NYSE: IPW) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Datasea Inc. (NASDAQ: DTSS) and iPower Inc. (NASDAQ: IPW) Collaborate to Expand Product Distribution in US Online Markets [Yahoo! Finance]Yahoo! Finance
- iPower Inc. (NYSE: IPW) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
IPW
Earnings
- 2/14/24 - Miss
IPW
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEF
- 4/12/24 - Form PRE
- IPW's page on the SEC website