iPower Inc (NASDAQ:IPW) Q3 2024 Results Conference Call May 14, 2024 4:30 PM ET Company Participants Kevin Vassily - CFO & Director Lawrence Tan - Co-Founder, Chairman, CEO, President & Secretary Conference Call Participants Scott Fortune - ROTH MKM Thierry Wuilloud - Water Tower Research Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss iPower's Financial Results for its Fiscal Third Quarter 2024 ended March 31, 2024. Joining us today are iPower's Chai ...

Over the last four quarters, the company has surpassed consensus EPS estimates two times. iPower, which belongs to the Zacks Consumer Products - Discretionary industry, posted revenues of $23.31 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 25.32%. This compares to year-ago revenues of $20.23 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recent ...

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 March 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 ______________ (626) 863-7344 (Registrant's telephone number, including area code) N/A (Former name, former address and form ...

Exhibit 99.1 iPower Reports Fiscal Third Quarter 2024 Results Fiscal Q3 Revenue up 15% to $23.3 Million Driven In-Part by Accelerated Growth of iPower SuperSuite Business Gross Margin Expansion and Improved Operating Leverage Enables Return to Profitability Strong Fiscal Q3 Performance Lays Foundation for Further Growth and Profitability DUARTE, CA, May 14, 2024 -- iPower Inc. (Nasdaq: IPW) ("iPower" or the "Company"), a tech and data-driven online retailer and supplier of consumer home, pet and garden prod ...

RANCHO CUCAMONGA, Calif., April 29, 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, will host a conference call on Tuesday, May 14, 2024 at 4:30 p.m. Eastern time to discuss its financial results for the fiscal third quarter ended March 31, 2024. The Company's results will be reported in a press release prior to the call. iPowe ...

RANCHO CUCAMONGA, Calif., April 15, 2024 (GLOBE NEWSWIRE) -- iPower Inc. (NASDAQ:IPW) ("iPower" or the "Company"), a tech and data-driven online retailer and supplier of consumer home and garden products, as well as a provider of value-added ecommerce services, today announced its Chief Financial Officer, Kevin Vassily, will participate in the upcoming Water Tower Research Fireside Chat Series taking place virtually on Thursday, April 18, 2024 at 2:00 p.m. ET. The fireside will be hosted by Thierry Wuilloud ...

iPower Inc. (NASDAQ:IPW) Q2 2024 Earnings Conference Call February 14, 2024 4:30 PM ET Company Participants Lawrence Tan - Chairman and CEO Kevin Vassily - CFO Conference Call Participants Scott Fortune - ROTH Shawn Severson - Water Tower Research Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss iPower's Financial Results for its Fiscal Second Quarter 2024 Ended December 31, 2023. Joining us are iPower's Chairman and CEO, Mr. Lawrence Tan; and the comp ...

For the quarterly period ended December 31, 2023 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 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 ...

Financial Data and Key Metrics Changes - Net loss attributable to the company improved by $1.3 million, resulting in a loss of $0.04 per share compared to a net loss of $4.2 million or $0.14 per share in the same period of fiscal 2023 [11] - Total revenue increased by 2% to $26.5 million compared to $26 million in the prior year, driven by growth from super suite supply chain offerings and strong sales from in-house products [36] - Gross profit increased by 18% to $11.8 million compared to $10 million in the same quarter of fiscal 2023, with gross margin rising 600 basis points to 44.4% [36] Business Line Data and Key Metrics Changes - Sales of in-house products accounted for over 90% of total revenue, with strong results in fans, shelving, and outdoor pergola furniture [15] - Non-hydroponics products represented over 75% of total revenue for the second consecutive quarter, indicating a successful diversification strategy [15] Market Data and Key Metrics Changes - The super suite supply chain partnerships are generating approximately $600,000 in monthly revenue, contributing to the overall revenue growth [16] - Cash flow from operations improved significantly to $4 million compared to less than $400,000 in the prior fiscal year, driven by better supply chain conditions [18] Company Strategy and Development Direction - The company is focusing on diversifying its revenue mix and achieving greater operational efficiencies while continuing to invest in high-quality hydroponics products as dictated by consumer demand [15][35] - The company is leveraging social commerce channels, particularly TikTok, to enhance brand reputation and drive product sales [8][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of consumer demand for their product portfolio and highlighted the importance of operational improvements and debt reduction [35][38] - The company is well-positioned to capitalize on prospective acquisition opportunities while executing profitable growth initiatives [35] Other Important Information - Total operating expenses improved by 11% to $13 million compared to $14.6 million for the same period in 2023, primarily due to a decrease in impairment loss on goodwill [17] - Cash and cash equivalents were $2.7 million as of September 30, 2023, down from $3.7 million on June 30, 2023, while total debt decreased to $7 million from $11.8 million [37] Q&A Session Summary Question: Insights on TikTok as a selling platform - Management noted that TikTok is ramping up quickly, with home and kitchen goods performing well, and highlighted the attractive economics of selling on the platform due to lower merchant fees and subsidized shipping [20][22] Question: Future gross margin expectations - Management indicated that gross margins are expected to remain above 40% in a steady-state environment, with fluctuations based on product mix and sales performance [24][41] Question: Expansion of SuperSuite partnerships - Management confirmed plans to continue adding high-quality partners to the SuperSuite business, with expectations for revenue growth in that category [28][29]

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 September 30, 2023 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) (St ...