secwatch.observer — SEC 8-K summary
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Issuer:     iPower Inc. (IPW)
CIK:        0001830072
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001683168-23-000877
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iPower reports fiscal Q2 revenue up 12% to $19.3M, but net loss of $3.3M
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- Total revenue increased 12% to $19.3M vs $17.1M in year-ago quarter.
- Net loss attributable to iPower was $3.3M ($0.11 per share) vs net income of $0.8M ($0.03 per share) last year.
- Gross margin fell to 41.4% from 44.1% due to higher freight and product mix.
- Net debt reduced 42% to $8.2M, with cash increasing to $4.0M from $1.8M at June 30, 2022.
- Increased marketing spend to reduce excess inventory; expects lower operating expenses going forward.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830072/000168316823000877/0001683168-23-000877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830072/000168316823000877/ipower_8k-021423.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-000877

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