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IPOWER (IPW)
NASDAQ:IPW
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-$0.06Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -28.50%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with notable achievements such as gross margin expansion, operating expenses reduction, and successful debt reduction. However, these positives were offset by significant challenges, including a steep revenue decline, increased net loss, and inventory write-downs. While the company has made strategic moves to enhance its supply chain capabilities and secure financial stability, the financial metrics indicate areas of concern that need to be addressed.Company Guidance
During the Q1 2025 earnings call for iPower, several key metrics and strategic initiatives were discussed. The company's total revenue for the first fiscal quarter was reported at $19 million, a decrease from $26.5 million in the same quarter of fiscal 2024, attributed primarily to reduced promotional activity. Gross profit was $8.5 million with a gross margin increase of 30 basis points to 44.7% due to improved pricing strategies. Operating expenses decreased by 14% to $11.2 million, driven by reductions in selling and fulfillment costs. Net loss for the quarter was $2 million, or $0.06 per share, compared to a $1.3 million loss in the previous year. Inventory levels were reduced by 18%, and total debt was cut by 45% to $3.5 million. The company also renewed its credit facility with JPMorgan Chase, facilitating future growth. Strategic expansions included launching on AliExpress, TikTok Shop, and Temu, while the SuperSuite supply chain platform continued to develop, now accounting for approximately 10% of overall sales. Additionally, production diversification efforts included new partnerships in Vietnam, promising reduced costs and improved margins.Gross Margin Expansion
Gross margin increased by 30 basis points to 44.7% from 44.4% in the same quarter of fiscal 2024, driven by improved pricing through key supplier negotiations and optimizations.
Operating Expenses Reduction
Total operating expenses improved by 14% to $11.2 million compared to $13 million for the same period in fiscal 2024, mainly due to lower selling and fulfillment expenses.
Debt Reduction
Total debt was reduced by 45% to $3.5 million from $6.3 million as of June 30, 2024.
Expansion of SuperSuite Platform
Progress in expanding the SuperSuite supply chain platform, including onboarding key partners and launching a supplier online platform to optimize interactions and streamline workflows.
New Credit Facility with JPMorgan Chase
Renewed secured revolving credit facility with JPMorgan Chase, extending the maturity by 3 years to November 2027 with a revolving commitment of $15 million.
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IPW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IPW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $1.20 | $0.72 | -40.00% |
| Sep 19, 2024 | $1.62 | $1.28 | -20.99% |
| May 14, 2024 | $0.88 | $1.26 | +43.18% |
| Feb 14, 2024 | $0.74 | $0.66 | -10.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does IPOWER (IPW) report earnings?
IPOWER (IPW) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is IPOWER (IPW) earnings time?
IPOWER (IPW) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IPW EPS forecast?
Currently, no data Available
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