iPower Reports Fiscal Third Quarter 2024 Results [Yahoo! Finance]
iPower Inc. (IPW)
Company Research
Source: Yahoo! Finance
Gross Margin Expansion and Improved Operating Leverage Enables Return to Profitability Strong Fiscal Q3 Performance Lays Foundation for Further Growth and Profitability DUARTE, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven online retailer and supplier of consumer home, pet and garden products, as well as a provider of value-added ecommerce services, today announced its financial results for the fiscal third quarter ended March 31, 2024. Fiscal Q3 2024 Results vs. Fiscal Q3 2023 (unless otherwise noted) Total revenue increased 15% to $23.3 million. Gross profit increased 41% to $10.9 million, with gross margin up 850 bps to 47.0%. Net income attributable to iPower improved to $1.0 million or $0.03 per share, compared to net loss attributable to iPower of $1.5 million or $(0.05) per share. Adjusted net income attributable to iPower (a non-GAAP financial measure defined below) improved to $1.6 mil
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News
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IPW
Earnings
- 5/14/24 - Beat
IPW
Sec Filings
- 6/3/24 - Form 8-K
- 5/31/24 - Form 8-K
- 5/22/24 - Form 8-K
- IPW's page on the SEC website