Ipower, Inc. ( (IPW) ) has released its Q1 earnings. Here is a breakdown of the information Ipower, Inc. presented to its investors.
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iPower Inc. is a technology and data-driven e-commerce retailer and infrastructure company that operates a nationwide fulfillment network, focusing on expanding its software, logistics, and manufacturing capabilities. The company recently reported its fiscal first-quarter results for 2026, highlighting a strategic shift and financial performance improvements.
In the latest earnings report, iPower Inc. revealed a decrease in total revenue to $12.0 million from $19.0 million in the previous year, primarily due to lower product sales. However, the company saw a significant increase in services income, which more than doubled to $1.5 million. Despite the revenue decline, iPower managed to reduce its net loss to $0.5 million, a notable improvement from the $2.1 million loss in the same quarter last year.
Key financial metrics showed a reduction in gross profit to $4.8 million, with a gross margin of 40.0%. The company also achieved a 42% reduction in operating expenses, down to $6.5 million, driven by personnel reductions and improved operational efficiencies. iPower’s total debt was significantly reduced by 48%, enhancing its financial stability.
Looking forward, iPower’s management remains optimistic about the company’s strategic direction, emphasizing a transition towards a diversified and domestically anchored supply chain. The company aims to leverage its infrastructure to connect consumers with digital-asset products, positioning itself for sustainable growth and long-term value creation for shareholders.