---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-22-007716"
form_type: "8-K"
ticker: "IPW"
cik: "0001830072"
company_name: "iPower Inc."
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T21:09:14.002127+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# iPower reports FQ1 2023 revenue up 50% to $26M; net loss of $4.3M on goodwill impairment

## Summary
- Revenue of $26.0M (+50% YoY); gross profit $10.0M (+37%); gross margin 38.4% vs 42.1%.
- Net loss of $4.3M ($0.14 loss per share) vs net income of $0.9M ($0.03 EPS) in prior year, driven by $3.1M goodwill impairment and higher costs.
- Cash and equivalents $4.8M; total long-term debt $16.1M.
- CEO announces upcoming corporate rebrand and website; CFO sees improvements in shipping and freight costs.

## SEC filing metadata
- accession: 0001683168-22-007716
- form_type: 8-K
- ticker: IPW
- cik: 0001830072
- company_name: iPower Inc.
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830072/000168316822007716/0001683168-22-007716-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830072/000168316822007716/ipower_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-22-007716
- JSON: https://secwatch.observer/filing/0001683168-22-007716.json
- Plain text: https://secwatch.observer/filing/0001683168-22-007716.txt

## Key facts
- Earnings Releases
  iPower Inc. reported fiscal first quarter ended September 30, 2022 results: revenue $26.0 million, net income Net loss was $4.3 million, EPS $(0.14) per share.
  - Period: fiscal first quarter ended September 30, 2022
  - Revenue: $26.0 million
  - Net income: Net loss was $4.3 million
  - EPS: $(0.14) per share
  - Result: reported results
  source text: --- EX-99.1 (PRESS RELEASE) --- EX-99.1 2 ipower_ex9901.htm PRESS RELEASE Exhibit 99.1 iPower Reports Fiscal First Quarter 2023 Results - Fiscal Q1 Revenue up 50% to a Record $26.0 Million - - iPower Management to Host Conference Call Today at 4:30 p.m. Eastern Time - DUARTE, CA, November 14, 2022 -- iPower Inc. (Nasdaq:IPW) (“iPower” or the “Company”), a leading
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830072/000168316822007716/0001683168-22-007716-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.