Ipower, Inc. ( (IPW) ) has released its Q1 earnings. Here is a breakdown of the information Ipower, Inc. presented to its investors.
iPower Inc. is a tech and data-driven ecommerce services provider and online retailer, offering a range of value-added services for third-party products and brands across various online channels.
In its fiscal first quarter of 2025, iPower Inc. reported a decline in total revenue to $19.0 million from $26.5 million in the previous year, reflecting reduced promotional activities. Despite the decrease in revenue, the company improved its gross margin slightly to 44.7% and reduced its total debt by 45%.
Key financial metrics indicate that iPower faced a net loss of $2.0 million, an increase from the previous year’s loss, influenced by lower revenues but partially offset by cost optimization efforts. The company saw a significant reduction in operating expenses by 14% and continued to expand its ecommerce and supply chain operations through strategic initiatives.
Looking forward, iPower’s management remains focused on expanding its SuperSuite business and optimizing its cost structure, aiming for sustainable growth and improved profitability in the coming quarters.
