iPower Reports Fiscal Fourth Quarter and Full Year 2024 Results
iPower Inc. (Nasdaq: IPW) reported its fiscal Q4 and full-year 2024 results, highlighting improved profitability and gross margin expansion. Key points include:
- Q4 revenue was $19.5 million, down from $23.4 million year-over-year
- Q4 gross profit increased 2% to $9.2 million, with gross margin up 870 bps to 47.4%
- Q4 net income improved to $0.7 million or $0.02 per share
- Full-year revenue was $86.1 million, compared to $88.9 million in FY2023
- Full-year gross profit increased 13% to $39.3 million, with gross margin up 650 bps to 45.6%
- Total debt reduced by 46% to $6.3 million as of June 30, 2024
The company attributed improvements to optimization initiatives, expanded channel distribution, and strengthened supply chain capabilities.
iPower Inc. (Nasdaq: IPW) ha riportato i risultati finanziari del quarto trimestre e dell'intero anno 2024, sottolineando un miglioramento della redditività e un'espansione del margine lordo. I punti chiave includono:
- Le entrate del Q4 sono state di 19,5 milioni di dollari, in calo rispetto ai 23,4 milioni di dollari dell'anno precedente
- Il profitto lordo nel Q4 è aumentato del 2% a 9,2 milioni di dollari, con un margine lordo aumentato di 870 punti base al 47,4%
- Il reddito netto del Q4 è migliorato a 0,7 milioni di dollari o 0,02 dollari per azione
- Le entrate dell'intero anno sono state di 86,1 milioni di dollari, rispetto agli 88,9 milioni di dollari del FY2023
- Il profitto lordo per l'intero anno è aumentato del 13% a 39,3 milioni di dollari, con un margine lordo aumentato di 650 punti base al 45,6%
- Il debito totale è stato ridotto del 46% a 6,3 milioni di dollari al 30 giugno 2024
L'azienda ha attribuito i miglioramenti a iniziative di ottimizzazione, espansione della distribuzione dei canali e rafforzamento delle capacità della catena di approvvigionamento.
iPower Inc. (Nasdaq: IPW) informó sus resultados financieros del cuarto trimestre y del año completo 2024, destacando una mejora en la rentabilidad y una expansión del margen bruto. Los puntos clave incluyen:
- Los ingresos del Q4 fueron 19,5 millones de dólares, disminuyendo desde los 23,4 millones de dólares del año anterior
- El beneficio bruto en el Q4 aumentó un 2% a 9,2 millones de dólares, con un margen bruto que subió 870 puntos básicos al 47,4%
- La ganancia neta del Q4 mejoró a 0,7 millones de dólares o 0,02 dólares por acción
- Los ingresos del año completo fueron 86,1 millones de dólares, en comparación con 88,9 millones de dólares en FY2023
- El beneficio bruto del año completo aumentó un 13% a 39,3 millones de dólares, con un margen bruto que subió 650 puntos básicos al 45,6%
- La deuda total se redujo en un 46% a 6,3 millones de dólares al 30 de junio de 2024
La empresa atribuyó las mejoras a iniciativas de optimización, expansión de la distribución de canales y fortalecimiento de las capacidades de la cadena de suministro.
iPower Inc. (Nasdaq: IPW)는 2024 회계 연도 4분기 및 연간 실적을 발표하며 수익성 개선과 총 마진 확대를 강조했습니다. 주요 사항은 다음과 같습니다:
- 4분기 수익은 1950만 달러로, 작년의 2340만 달러에서 감소했습니다.
- 4분기 총 이익은 2% 증가하여 920만 달러에 달하며, 총 마진은 870bp 상승하여 47.4%에 이릅니다.
- 4분기 순이익은 70만 달러로 개선되었으며, 주당 0.02 달러입니다.
- 연간 수익은 8610만 달러로, FY2023의 8890만 달러와 비교됩니다.
- 연간 총 이익은 13% 증가하여 3930만 달러에 달하며, 총 마진은 650bp 상승하여 45.6%에 이릅니다.
- 총 부채는 2024년 6월 30일 기준으로 630만 달러로 46% 줄었습니다.
회사는 최적화 이니셔티브, 유통 채널 확장 및 공급망 능력 강화를 통해 개선된 결과를 설명했습니다.
iPower Inc. (Nasdaq: IPW) a annoncé ses résultats financiers pour le quatrième trimestre et l'année complète 2024, mettant en évidence une amélioration de la rentabilité et une expansion de la marge brute. Les points clés incluent :
- Le chiffre d'affaires du Q4 était de 19,5 millions de dollars, en baisse par rapport à 23,4 millions de dollars l'année précédente
- Le bénéfice brut du Q4 a augmenté de 2% pour atteindre 9,2 millions de dollars, avec une marge brute en hausse de 870 points de base à 47,4%
- Le bénéfice net du Q4 s'est amélioré à 0,7 million de dollars ou 0,02 dollar par action
- Le chiffre d'affaires annuel était de 86,1 millions de dollars, comparé à 88,9 millions de dollars en FY2023
- Le bénéfice brut annuel a augmenté de 13% pour atteindre 39,3 millions de dollars, avec une marge brute en hausse de 650 points de base à 45,6%
- La dette totale a été réduite de 46% pour atteindre 6,3 millions de dollars au 30 juin 2024
La société a attribué ces améliorations à des initiatives d'optimisation, une expansion de la distribution et un renforcement des capacités de la chaîne d'approvisionnement.
iPower Inc. (Nasdaq: IPW) hat seine Ergebnisse für das fiskalische 4. Quartal und das gesamte Jahr 2024 bekannt gegeben und dabei eine verbesserte Rentabilität sowie eine Erweiterung der Bruttomarge hervorgehoben. Wichtige Punkte sind:
- Der Umsatz im Q4 betrug 19,5 Millionen Dollar, ein Rückgang von 23,4 Millionen Dollar im Vergleich zum Vorjahr
- Der Bruttogewinn im Q4 stieg um 2% auf 9,2 Millionen Dollar, mit einer Bruttomarge, die um 870 Basispunkte auf 47,4% anstieg
- Der Nettogewinn im Q4 verbesserte sich auf 0,7 Millionen Dollar oder 0,02 Dollar pro Aktie
- Der Gesamtumsatz im Jahr betrug 86,1 Millionen Dollar, verglichen mit 88,9 Millionen Dollar im Geschäftsjahr 2023
- Der Bruttogewinn für das gesamte Jahr stieg um 13% auf 39,3 Millionen Dollar, mit einer Bruttomarge, die um 650 Basispunkte auf 45,6% anstieg
- Die Gesamtverschuldung wurde zum 30. Juni 2024 um 46% auf 6,3 Millionen Dollar reduziert
Das Unternehmen führte die Verbesserungen auf Optimierungsinitiativen, die Erweiterung des Vertriebskanals und die Stärkung der Lieferkettenfähigkeiten zurück.
- Q4 gross profit increased 2% to $9.2 million, with gross margin up 870 bps to 47.4%
- Q4 net income improved to $0.7 million or $0.02 per share, compared to a net loss in the previous year
- Full-year gross profit increased 13% to $39.3 million, with gross margin up 650 bps to 45.6%
- Total debt reduced by 46% to $6.3 million as of June 30, 2024
- Expanded channel distribution by launching sales on new platforms like TikTok Shop and Temu
- Achieved second consecutive quarter of profitability in fiscal Q4
- Q4 revenue decreased to $19.5 million from $23.4 million year-over-year
- Full-year revenue slightly decreased to $86.1 million from $88.9 million in FY2023
- Full-year net loss of $1.5 million or $(0.05) per share, although improved from previous year
Insights
iPower's Q4 results show promising signs of improvement. Gross profit increased 2% to
Notably, iPower has strengthened its balance sheet, reducing total debt by
The company's focus on optimization initiatives and strategic moves like expanding into new sales channels (TikTok Shop, Temu) and enhancing its SuperSuite supply chain business could pave the way for future growth. Investors should monitor the execution of these strategies and their impact on top-line growth in the coming quarters.
iPower's strategic focus on its SuperSuite supply chain business is a smart move in the current e-commerce landscape. By integrating key components from value-added partners across logistics, technology and marketing, iPower is positioning itself as a comprehensive solution provider in the highly competitive e-commerce supply chain sector.
The company's efforts to diversify its supplier base by partnering with South East Asian suppliers demonstrate a proactive approach to supply chain resilience. This strategy can help mitigate risks associated with geopolitical tensions or disruptions in any single region.
The mention of a "robust pipeline of prospective partners" for SuperSuite is particularly intriguing. If executed well, this could lead to a scalable, high-margin revenue stream that complements iPower's core retail business. However, investors should keep an eye on the growth rate and profitability of this segment in future reports to gauge its success and potential impact on overall company performance.
Optimization Initiatives Drive Material Gross Margin Expansion
and Second Consecutive Quarter of Profitability
iPower Management to Host Conference Call Today at 4:30 p.m. Eastern Time
RANCHO CUCAMONGA, Calif., Sept. 19, 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 fourth quarter and full fiscal year ended June 30, 2024.
Fiscal Q4 2024 Results vs. Year-Ago Quarter
- Total revenue was
$19.5 million compared to$23.4 million . - Gross profit increased
2% to$9.2 million , with gross margin up 870 bps to47.4% compared to38.7% . - Net income attributable to iPower increased to
$0.7 million or$0.02 per share, compared to net loss attributable to iPower of$3.0 million or$(0.10) per share. - Adjusted net income attributable to iPower (a non-GAAP financial measure defined below) improved to
$0.9 million or$0.03 per share, compared to adjusted net loss attributable to iPower of$2.1 million or$(0.07) per share. - As of June 30, 2024, total debt was reduced by
46% to$6.3 million compared to$11.8 million as of June 30, 2023.
Fiscal 2024 Results vs. Fiscal 2023
- Total revenue was
$86.1 million compared to$88.9 million . - Gross profit increased
13% to$39.3 million , with gross margin up 650 bps to45.6% compared to39.1% . - Net loss attributable to iPower improved to
$1.5 million or$(0.05) per share, compared to net loss attributable to iPower of$12.0 million or$(0.40) per share. The fiscal 2023 period includes approximately$3 million related to a goodwill impairment. - Adjusted net loss attributable to iPower (a non-GAAP financial measure defined below) improved to
$0.2 million or$(0.01) per share, compared to adjusted net loss attributable to iPower of$7.5 million or$(0.25) per share.
Management Commentary
“I’m proud of our team’s hard work in fiscal 2024 to drive record levels of gross margin, operating expense reductions and another year of positive cash flow from operations,” said Lawrence Tan, CEO of iPower. “Throughout the year, we delivered on multiple strategic initiatives to lay the foundation for future growth and profitability. We expanded channel distribution by launching sales on new platforms like TikTok Shop and Temu, both of which have seen promising early results. We’ve also strengthened the capabilities and resilience of our supply chain through partnerships with suppliers in South East Asia. We will remain focused on evaluating each aspect of our business to ensure we’re providing a best-in-class service to both our current and future customers.
“We also continued to elevate our SuperSuite supply chain business by integrating key components from value-added partners across logistics, technology and marketing to enhance our service offerings. We believe that this collaborative approach has positioned SuperSuite as a leader in supply chain management, merchandising and warehousing, attracting a diverse network of new customers and partners. We are working through a robust pipeline of prospective partners and look forward to capitalizing on the growing demand for SuperSuite as we continue to build out our partner ecosystem.”
iPower CFO, Kevin Vassily, added, “The optimization initiatives we implemented earlier this year are yielding results, enabling us to achieve material gross margin expansion and our second consecutive quarter of profitability in fiscal Q4. Additionally, we made significant improvements to our balance sheet as we reduced total debt by approximately
Fiscal Fourth Quarter 2024 Financial Results
Total revenue in the fiscal fourth quarter of 2024 was
Gross profit in the fiscal fourth quarter of 2024 increased
Total operating expenses in the fiscal fourth quarter of 2024 improved
Net income attributable to iPower in the fiscal fourth quarter of 2024 improved to
Adjusted net income attributable to iPower (a non-GAAP financial measure defined below), which excludes legal fees for arbitration net of tax impact, improved to
Cash and cash equivalents were
Conference Call
The Company will hold a conference call today, September 19, 2024, at 4:30 p.m. Eastern Time to discuss its results for the fiscal fourth quarter and full fiscal year ended June 30, 2024.
iPower’s management will host the conference call, which will be followed by a question-and-answer session.
The conference call details are as follows:
Date: Thursday, September 19, 2024
Time: 4:30 p.m. Eastern Time
Dial-in registration link: here
Live webcast registration link: here
Please dial into the conference call 5-10 minutes prior to the start time. If you have any difficulty connecting with the conference call, please contact the Company’s investor relations team at IPW@elevate-ir.com.
The conference call will also be broadcast live and available for replay in the Events & Presentations section of the Company’s website at www.meetipower.com.
About iPower Inc.
iPower Inc. is 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 for third-party products and brands. iPower's capabilities include a full spectrum of online channels, robust fulfillment capacity, a network of warehouses serving the U.S., competitive last mile delivery partners and a differentiated business intelligence platform. iPower believes that these capabilities will enable it to efficiently move a diverse catalog of SKUs from its supply chain partners to end consumers every day, providing the best value to customers in the U.S. and other countries. For more information, please visit iPower's website at www.meetipower.com.
Non-GAAP Financial Measures
iPower has disclosed non-GAAP net income/(loss) and non-GAAP earnings per share in this press release, which are non-GAAP financial measures as defined by SEC Regulation G. The Company defines non-GAAP net income/(loss) as net income excluding legal fees for arbitration net of tax impact. A table providing a reconciliation of non-GAAP net income/(loss) and non-GAAP EPS is included at the end of this press release.
The Company's management believes that presenting non-GAAP net income/(loss) and non-GAAP EPS provides useful information to investors regarding the underlying business trends and performance of the Company's ongoing operations, as well as providing for more consistent period-over-period comparisons. This non-GAAP measure assists management in its operational and financial decision-making, as well as monitoring the Company's performance, non-GAAP net income/(loss) and non-GAAP EPS are used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures.
Our non-GAAP net income/(loss) and non-GAAP earnings per share are not measurements of financial performance under GAAP and should not be considered as an alternative to operating or net income or as an indication of operating performance or any other measure of performance derived in accordance with GAAP. We do not consider these non-GAAP measures to be a substitute for, or superior to, the information provided by GAAP financial results. Non-GAAP financial measures are subject to limitations and should be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with GAAP. We believe that these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our GAAP results of operations. We compensate for the limitations of non-GAAP financial measures by relying upon GAAP results to gain a complete picture of our performance.
Management strongly encourages investors to review the Company's consolidated financial statements in their entirety and to not rely on any single financial measure.
Forward-Looking Statements
All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that iPower believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. iPower undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although iPower believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and iPower cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results and performance in iPower's Annual Report on Form 10-K, as filed with the SEC on September 19, 2024, its Quarterly Reports on Form 10-Q, as filed with the SEC on November 15, 2023, February 14, 2024 and May 14, 2024, and in its other SEC filings.
Investor Relations Contact
Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
(720) 330-2829
IPW@elevate-ir.com
| iPower Inc. and Subsidiaries | ||||||||
| Consolidated Balance Sheets | ||||||||
| As of June 30, 2024 and 2023 | ||||||||
| June 30, | June 30, | |||||||
| 2024 | 2023 | |||||||
| ASSETS | ||||||||
| Current assets | ||||||||
| Cash and cash equivalent | $ | 7,377,837 | $ | 3,735,642 | ||||
| Accounts receivable, net | 14,740,093 | 14,071,543 | ||||||
| Inventories, net | 10,546,273 | 20,593,889 | ||||||
| Prepayments and other current assets, net | 2,346,534 | 2,858,196 | ||||||
| Total current assets | 35,010,737 | 41,259,270 | ||||||
| Non-current assets | ||||||||
| Right of use - non-current | 6,124,163 | 7,837,345 | ||||||
| Property and equipment, net | 370,887 | 536,418 | ||||||
| Deferred tax assets, net | 2,445,605 | 2,155,250 | ||||||
| Goodwill | 3,034,110 | 3,034,110 | ||||||
| Intangible assets, net | 3,630,700 | 4,280,071 | ||||||
| Other non-current assets | 679,655 | 991,823 | ||||||
| Total non-current assets | 16,285,120 | 18,835,017 | ||||||
| Total assets | $ | 51,295,857 | $ | 60,094,287 | ||||
| LIABILITIES AND EQUITY | ||||||||
| Current liabilities | ||||||||
| Accounts payable | 11,227,116 | 13,244,957 | ||||||
| Other payables and accrued liabilities | 3,885,487 | 5,548,443 | ||||||
| Advance from shareholders | - | 85,200 | ||||||
| Lease liability - current | 2,039,301 | 2,159,173 | ||||||
| Short-term loan payable | 491,214 | - | ||||||
| Short-term loan payable - related party | 350,000 | - | ||||||
| Long-term promissory note payable - current portion | - | 2,017,852 | ||||||
| Revolving loan payable | 5,500,739 | - | ||||||
| Income taxes payable | 276,158 | 276,683 | ||||||
| Total current liabilities | 23,770,015 | 23,332,308 | ||||||
| Non-current liabilities | ||||||||
| Long-term revolving loan payable, net | - | 9,791,191 | ||||||
| Lease liability - non-current | 4,509,809 | 6,106,047 | ||||||
| Total non-current liabilities | 4,509,809 | 15,897,238 | ||||||
| Total liabilities | 28,279,824 | 39,229,546 | ||||||
| Commitments and contingency | - | - | ||||||
| Stockholders' Equity | ||||||||
| Preferred stock, | ||||||||
| outstanding at June 30, 2024 and 2023 | - | - | ||||||
| Common stock, | ||||||||
| 29,710,939 shares issued and outstanding at June 30, 2024 and 2023 | 31,361 | 29,712 | ||||||
| Additional paid in capital | 33,463,883 | 29,624,520 | ||||||
| Accumulated deficits | (10,230,601 | ) | (8,702,442 | ) | ||||
| Non-controlling interest | (38,204 | ) | (24,915 | ) | ||||
| Accumulated other comprehensive loss | (210,406 | ) | (62,134 | ) | ||||
| Total stockholders' equity | 23,016,033 | 20,864,741 | ||||||
| Total liabilities and stockholders' equity | $ | 51,295,857 | $ | 60,094,287 | ||||
| iPower Inc. and Subsidiaries | ||||||||||||||||
| Consolidated Statements of Operations and Comprehensive Loss | ||||||||||||||||
| For the Three Months and Years Ended June 30, 2024 and 2023 | ||||||||||||||||
| For the Three Months Ended June 30, | For the Years Ended June 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| (Unaudited) | (Unaudited) | |||||||||||||||
| REVENUES | $ | 19,454,481 | $ | 23,399,166 | $ | 86,071,485 | $ | 88,902,048 | ||||||||
| TOTAL REVENUES | 19,454,481 | 23,399,166 | 86,071,485 | 88,902,048 | ||||||||||||
| COST OF REVENUES | 10,226,651 | 14,348,668 | 46,818,232 | 54,104,587 | ||||||||||||
| GROSS PROFIT | 9,227,830 | 9,050,498 | 39,253,253 | 34,797,461 | ||||||||||||
| OPERATING EXPENSES: | ||||||||||||||||
| Selling and fulfillment | 5,068,847 | 8,133,299 | 28,095,176 | 32,427,972 | ||||||||||||
| General and administrative | 2,902,127 | 3,913,672 | 12,120,969 | 12,792,998 | ||||||||||||
| Impairment loss - goodwill | - | - | - | 3,060,034 | ||||||||||||
| Total operating expenses | 7,970,974 | 12,046,971 | 40,216,145 | 48,281,004 | ||||||||||||
| INCOME (LOSS) FROM OPERATIONS | 1,256,856 | (2,996,473 | ) | (962,892 | ) | (13,483,543 | ) | |||||||||
| OTHER INCOME (EXPENSE) | ||||||||||||||||
| Interest expenses | (196,249 | ) | (265,497 | ) | (788,425 | ) | (1,066,280 | ) | ||||||||
| Loss on equity method investment | (2,890 | ) | (1,376 | ) | (5,508 | ) | (10,001 | ) | ||||||||
| Other non-operating income | (67,991 | ) | (306,874 | ) | (35,988 | ) | (107,749 | ) | ||||||||
| Total other expenses, net | (267,130 | ) | (573,747 | ) | (829,921 | ) | (1,184,030 | ) | ||||||||
| INCOME (LOSS) BEFORE INCOME TAXES | 989,726 | (3,570,220 | ) | (1,792,813 | ) | (14,667,573 | ) | |||||||||
| PROVISION FOR INCOME TAX (BENEFIT) EXPENSE | 336,309 | (605,374 | ) | (251,365 | ) | (2,690,500 | ) | |||||||||
| NET INCOME (LOSS) | 653,417 | (2,964,846 | ) | (1,541,448 | ) | (11,977,073 | ) | |||||||||
| Non-controlling interest | (3,685 | ) | (2,805 | ) | (13,289 | ) | (11,683 | ) | ||||||||
| NET INCOME (LOSS) ATTRIBUTABLE TO IPOWER INC. | $ | 657,102 | $ | (2,962,041 | ) | $ | (1,528,159 | ) | $ | (11,965,390 | ) | |||||
| OTHER COMPREHENSIVE LOSS | ||||||||||||||||
| Foreign currency translation adjustments | (56,432 | ) | (21,090 | ) | (148,272 | ) | (67,812 | ) | ||||||||
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO IPOWER INC. | $ | 600,670 | $ | (2,983,131 | ) | $ | (1,676,431 | ) | $ | (12,033,202 | ) | |||||
| WEIGHTED AVERAGE NUMBER OF COMMON STOCK | ||||||||||||||||
| Basic | 29,943,439 | 29,747,497 | 29,878,196 | 29,713,354 | ||||||||||||
| EARNINGS (LOSSES) PER SHARE | ||||||||||||||||
| Basic | $ | 0.02 | $ | (0.10 | ) | $ | (0.05 | ) | $ | (0.40 | ) | |||||
| iPower Inc. and Subsidiaries | ||||||||||||||||
| Reconciliation of GAAP to Non-GAAP Financial Measures | ||||||||||||||||
| (Unaudited) | ||||||||||||||||
| For the Three Months Ended June 30, | For the Years Ended June 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| GAAP NET INCOME (LOSS) ATTRIBUTABLE TO IPOWER INC. | $ | 657,102 | $ | (2,962,041 | ) | $ | (1,528,159 | ) | $ | (11,965,390 | ) | |||||
| Legal fees for arbitration | 292,570 | 991,282 | 1,531,907 | 1,673,694 | ||||||||||||
| Impairment loss - goodwill | 0 | 0 | 0 | 3,060,034 | ||||||||||||
| Adjustments to tax provision | (99,366 | ) | (168,084 | ) | (214,784 | ) | (307,009 | ) | ||||||||
| NON-GAAP NET INCOME (LOSS) ATTRIBUTABLE TO IPOWER INC. | $ | 850,306 | $ | (2,138,843 | ) | $ | (211,036 | ) | $ | (7,538,671 | ) | |||||
| GAAP EARNINGS (LOSSES) PER SHARE * | ||||||||||||||||
| Basic | $ | 0.02 | $ | (0.10 | ) | $ | (0.05 | ) | $ | (0.40 | ) | |||||
| Impact of Non-GAAP adjustments | 0.01 | 0.03 | 0.04 | 0.15 | ||||||||||||
| NON-GAAP EARNINGS (LOSSES) PER SHARE * | $ | 0.03 | $ | (0.07 | ) | $ | (0.01 | ) | $ | (0.25 | ) | |||||
| WEIGHTED AVERAGE NUMBER OF COMMON STOCK* | ||||||||||||||||
| Basic - GAAP and NON-GAAP | 29,943,439 | 29,747,497 | 29,878,196 | 29,713,354 | ||||||||||||
FAQ
What was iPower's (IPW) revenue for Q4 2024?
How did iPower's (IPW) gross margin change in Q4 2024?
What was iPower's (IPW) net income for Q4 2024?
How much did iPower (IPW) reduce its total debt by June 30, 2024?
What new sales channels did iPower (IPW) expand to in fiscal 2024?
