Strong Revenue Growth
Total revenue in the fiscal second quarter of 2025 increased 14% to $19.1 million, compared to $16.8 million in the year-ago quarter.
Gross Profit and Margin Improvement
Gross profit increased 15% to $8.4 million, with gross margin increasing by 40 basis points to 44%, primarily driven by improved pricing through key supplier negotiations.
Reduction in Operating Expenses
Total operating expenses improved 22% to $7.7 million, down from $9.9 million in the same period of the previous fiscal year.
Net Income Turnaround
Net income attributable to iPower improved to $0.2 million, or $0.01 per share, from a net loss of $1.9 million, or $0.06 per share, in the previous year.
Debt Reduction
Total debt was reduced by 31% to $4.4 million, compared to $6.3 million as of June 30, 2024.
SuperSweet Platform Growth
SuperSweet contributed about 20% of sales last quarter, reflecting a significant increase from the prior year and indicating strong momentum.