---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-003394"
form_type: "8-K"
ticker: "IPW"
cik: "0001830072"
company_name: "iPower Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:30:57.318557+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# iPower reports Q3 loss of $0.05 per share; revenue down 11% to $20.2M

## Summary
- Net loss $1.5M ($0.05/sh) vs net income $1.2M ($0.04/sh) in prior year Q3.
- Revenue $20.2M down from $22.8M; in-house brand mix >90% of revenue.
- Gross margin 38.5% vs 40.4% due to higher freight costs; expects improvement in H2 2023.
- Net debt reduced 42% to $8.2M from $14.2M at June 30, 2022.
- Management expects return to profitability in fiscal 2024 as inventory normalizes.

## SEC filing metadata
- accession: 0001683168-23-003394
- form_type: 8-K
- ticker: IPW
- cik: 0001830072
- company_name: iPower Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830072/000168316823003394/0001683168-23-003394-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830072/000168316823003394/ipower_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-003394
- JSON: https://secwatch.observer/filing/0001683168-23-003394.json
- Plain text: https://secwatch.observer/filing/0001683168-23-003394.txt

## Key facts
- Earnings Releases
  iPower Inc. reported the fiscal third quarter ended March 31, 2023 results: revenue $20.2 million, net income $1.5 million, EPS $(0.05) per share.
  - Period: the fiscal third quarter ended March 31, 2023
  - Revenue: $20.2 million
  - Net income: $1.5 million
  - EPS: $(0.05) per share
  - Result: reported results
  source text: today announced financial results for its fiscal third quarter ended March 31, 2023. Fiscal Q3 2023 Results vs. Year-Ago Quarter (unless otherwise noted) · Total revenue was $20.2 million compared to $22.8 million. · Gross profit was $7.8 million, with gross margin of 38.5% compared to 40.4%. · Net loss attributable to iPower was $1.5 million or $(0.05) per share,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830072/000168316823003394/0001683168-23-003394-index.htm

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