Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number 001-40391 iPower Inc. (Exact name of registrant as specified in its charter) (State ...

iPower Inc. (NASDAQ:IPW) Q2 2025 Earnings Conference Call February 13, 2025 4:30 PM ET Company Participants Kevin Vassily - Chief Financial Officer Lawrence Tan - Chairman & Chief Executive Officer Conference Call Participants Thierry Wuilloud - Water Tower Research Kevin Vassily Good afternoon, everyone. By now, everyone should have access to our fiscal second quarter 2025 earnings press release. Which was issued earlier today at approximately or 5:00 PM EST. The release is available in the investor relati ...

Exhibit 99.1 iPower Reports Fiscal Second Quarter 2025 Results Fiscal Q2 Revenue up 13% to $19.0 Million Achieves GAAP Profitability and Positive Cash Flow from Operations RANCHO CUCAMONGA, CA, February 13, 2025 -- iPower Inc. (Nasdaq: IPW) ("iPower" or the "Company"), a tech and data- driven ecommerce services provider and online retailer, today announced its financial results for the fiscal second quarter ended December 31, 2024. Fiscal Q2 2025 Results vs. Year-Ago Quarter Cash and cash equivalents were $ ...

Fiscal Q2 Revenue up 14% to $19.1 Million Achieves GAAP Profitability and Positive Cash Flow from Operations RANCHO CUCAMONGA, Calif., Feb. 13, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven ecommerce services provider and online retailer, today announced its financial results for the fiscal second quarter ended December 31, 2024. Fiscal Q2 2025 Results vs. Year-Ago Quarter Total revenue increased 14% to $19.1 million.Gross profit increased 15% to $8. ...

RANCHO CUCAMONGA, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (NASDAQ:IPW) ("iPower" or the "Company"), a tech and data-driven ecommerce services provider and online retailer, will host a conference call on Thursday, February 13, 2025 at 4:30 p.m. Eastern time to discuss its financial results for the fiscal second quarter ended December 31, 2024. The Company's results will be reported in a press release prior to the call. iPower management will host the conference call, followed by a question-and- ...

Financial Data and Key Metrics - Total revenue for Q1 2025 was $19 million, down from $26.5 million in the same quarter last year, primarily due to higher promotional activity in the prior year [19] - Gross profit for Q1 2025 was $8.5 million, compared to $11.8 million in Q1 2024, with gross margin increasing by 30 basis points to 44.7% [20] - Operating expenses decreased by 14% to $11.2 million, driven by lower selling and fulfillment expenses, partially offset by $1.8 million in inventory write-downs and credit loss reserves [21] - Net loss attributable to iPower was $2 million or $0.06 per share, compared to a net loss of $1.3 million or $0.04 per share in Q1 2024 [22] - Cash and cash equivalents were $2.6 million as of September 30, 2024, down from $7.4 million at June 30, 2024 [23] - Total debt was reduced by 45% to $3.5 million, and the company renewed its secured revolving credit facility with JPMorgan Chase, extending the maturity to November 2027 [23][24] Business Line Performance - SuperSuite supply chain platform saw growth, contributing to revenue despite overall decline [19] - SuperSuite accounted for approximately 10% of total sales, with ongoing efforts to expand its capabilities and partnerships [38] - The company launched on AliExpress and strengthened its presence on TikTok Shop and Temu, aligning with a diverse customer base [9][13] Market Performance - The company expanded its sales reach by launching on AliExpress, joining other U.S. sales channels such as Amazon, Walmart.com, Temu, and TikTok Shop [13] - SuperSuite's supplier online platform was launched to optimize supplier interactions and streamline operational workflows [12] Strategic Direction and Industry Competition - The company is focused on optimizing its cost structure, diversifying its manufacturing base, and expanding its SuperSuite platform to meet evolving e-commerce and supply chain needs [16][17] - A new manufacturing partner in Vietnam was onboarded, with the first purchase order shipment completed in September 2024, expected to reduce production and logistics costs [16] - The company is preparing for potential tariff increases by diversifying its supply chain and reducing reliance on China-based manufacturing [41][44] Management Commentary on Operating Environment and Future Outlook - Management highlighted the normalization of supply chain lead times and reduced inventory levels by 18% compared to June 30, 2024 [15] - The company expects continued growth in SuperSuite and improved margins due to cost optimization efforts [25] - Management expressed confidence in the resilience of the supply chain and the ability to adapt to market changes [18] Other Important Information - The company disclosed service income and expenses related to its fee-for-service business lines within SuperSuite [27] - Inventory write-downs of $1.8 million were recorded in the income statement [28] Q&A Session Summary Question: Service income and expenses - The service fees are part of the fee-for-service business line within SuperSuite [27] Question: Inventory write-downs - The $1.8 million inventory write-down was recorded in the income statement [28] Question: Revenue baseline and future outlook - The $19 million revenue in Q1 2025 is considered a baseline, with expectations for growth as supply chain transitions are completed [30][32] Question: New sales channels (Temu, TikTok, AliExpress) - Temu is seen as having the best potential due to its alignment with the company's product portfolio and strong marketing efforts [35][36] Question: SuperSuite growth expectations - SuperSuite accounts for 10% of total sales, with expectations for growth as more supply chain partners come onboard [38][40] Question: Tariff impact and supply chain diversification - The company is preparing for potential tariff increases by diversifying manufacturing outside of China and leveraging SuperSuite to reduce inventory needs [41][44] Question: Gross margin outlook - Gross margins are expected to remain in the mid- to high-40s, with potential fluctuations due to container costs [50][51] - SuperSuite's growth may lead to lower gross margins due to its different business model [52]

Financial Performance - Revenues for the three months ended September 30, 2024 decreased 28.3% to $19,008,521 compared to $26,508,374 for the same period in 2023[195] - Gross profit was $8,487,897 for the three months ended September 30, 2024, with a gross profit ratio of 45.7%, up from 44.4% in the same period in 2023[198] - Operating expenses decreased 13.8% to $11,234,331 for the three months ended September 30, 2024, primarily due to reduced selling and fulfillment expenses[199] - Loss from operations increased to $2,746,434 for the three months ended September 30, 2024, compared to $1,268,677 for the same period in 2023[200] - Net loss attributable to iPower Inc. for the three months ended September 30, 2024 was $2,029,281, an increase of 57.7% from $1,286,515 in the same period in 2023[202] - Comprehensive loss attributable to iPower Inc. for the three months ended September 30, 2024 was $2,084,335, representing a 61.9% increase from $1,287,222 in the same period in 2023[203] Cash Flow and Liquidity - Cash and cash equivalents as of September 30, 2024 were $2,577,305, a decrease of $4,800,532 from $7,377,837 as of June 30, 2024[205] - Net cash used in operating activities for the three months ended September 30, 2024, was $(1,415,643), a significant decrease from $4,052,341 in the same period of 2023[210] - Net cash used in investing activities increased to $202,140 for the three months ended September 30, 2024, compared to $0 in 2023, due to prepayments for software developments[212] - Net cash used in financing activities decreased to $3,308,599 for the three months ended September 30, 2024, down from $5,075,000 in 2023, primarily due to reduced payments on the revolving loan[212] Investments and Strategic Plans - The company plans to increase investments in product and brand development and is actively evaluating potential acquisition opportunities[186] Inventory and Supply Chain - Supply chain disruptions due to global economic factors have impacted inventory purchasing speed and increased costs, affecting profitability[188] Working Capital and Financial Position - As of September 30, 2024, working capital was $12.2 million, an increase from $11.2 million as of June 30, 2024[209] - The company anticipates that historical trends in working capital will remain stable for the foreseeable future[209] - The company does not have any off-balance sheet arrangements that could materially affect its financial condition[213] Goodwill and Intangible Assets - Goodwill balance remained unchanged at $3,034,110 as of September 30, 2024, with no impairment noted during the analysis[229] - Intangible assets include a covenant not to compete, supplier relationships, and software, amortized over useful lives ranging from 5 to 10 years[230] Credit Losses and Tax Positions - The company recorded an additional allowance for credit losses of approximately $1.5 million for the quarter ended September 30, 2024, due to the collectability of certain receivables from Amazon[221] - The company believes its income tax filing positions will be sustained on audit, with no material changes anticipated to its financial position[236]

Exhibit 99.1 iPower Reports Fiscal First Quarter 2025 Results Management to Host Conference Call Today at 4:30 p.m. Eastern Time RANCHO CUCAMONGA, CA, November 14, 2024 -- iPower Inc. (Nasdaq: IPW) ("iPower" or the "Company"), a tech and datadriven ecommerce services provider and online retailer, today announced its financial results for the fiscal first quarter ended September 30, 2024. Fiscal Q1 2025 Results vs. Year-Ago Quarter · Total revenue was $19.0 million compared to $26.5 million. · Gross profit w ...

RANCHO CUCAMONGA, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven ecommerce services provider and online retailer, will host a conference call on Thursday, November 14, 2024 at 4:30 p.m. Eastern time to discuss its financial results for the fiscal first quarter ended September 30, 2024. The Company’s results will be reported in a press release prior to the call. iPower management will host the conference call, followed by a question-and ...

iPower Inc. (IPW) ended the recent trading session at $1.51, demonstrating a -0.66% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.16%. Elsewhere, the Dow lost 0.37%, while the tech-heavy Nasdaq added 0.78%. Shares of the company have depreciated by 16.02% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 0.21% and the S&P 500's gain of 1.67%. Market participants will be closely following the financial results of iPow ...