secwatch.observer — SEC 8-K summary
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Issuer:     iPower Inc. (IPW)
CIK:        0001830072
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001683168-22-007716
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830072/000168316822007716/0001683168-22-007716-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830072/000168316822007716/ipower_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-007716

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