---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-006435"
form_type: "8-K"
ticker: "IPW"
cik: "0001830072"
company_name: "iPower Inc."
filed_at: "2023-09-14T23:59:59+00:00"
generated_at: "2026-06-10T17:48:37.227073+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# iPower FY2023 revenue up 12% to $88.9M; net loss $12.0M vs net income prior year

## Summary
- FY2023 revenue $88.9M (+12% YoY); net loss $12.0M or $(0.40)/share vs net income $1.5M in FY2022.
- Q4 revenue $23.4M (+6% YoY); Q4 net loss $3.0M or $(0.10)/share vs loss $1.3M prior year.
- Gross margin 39.1% (FY2023) vs 41.8% prior year; management attributes decline to higher-cost inventory.
- Cash from operations improved to $9.2M from cash used $16.6M; net debt reduced 43% to $8.1M.
- Management expects gross margin improvement in FY2024 after selling through excess inventory.

## SEC filing metadata
- accession: 0001683168-23-006435
- form_type: 8-K
- ticker: IPW
- cik: 0001830072
- company_name: iPower Inc.
- filed_at: 2023-09-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830072/000168316823006435/0001683168-23-006435-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830072/000168316823006435/ipower_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-006435
- JSON: https://secwatch.observer/filing/0001683168-23-006435.json
- Plain text: https://secwatch.observer/filing/0001683168-23-006435.txt

## Key facts
- Earnings Releases
  iPower Inc. reported fiscal fourth quarter and full fiscal year ended June 30, 2023 results: revenue $23.4 million (Q4) and $88.9 million (full year), net income Net loss attributable to iPower was $3.0 million or $(0.10) per share (Q4) and $12.0 million or $(0.40) per share (full, EPS $(0.10) per share (Q4) and $(0.40) per share (full year).
  - Period: fiscal fourth quarter and full fiscal year ended June 30, 2023
  - Revenue: $23.4 million (Q4) and $88.9 million (full year)
  - Net income: Net loss attributable to iPower was $3.0 million or $(0.10) per share (Q4) and $12.0 million or $(0.40) per share (full
  - EPS: $(0.10) per share (Q4) and $(0.40) per share (full year)
  - Result: reported results
  source text: release also announced the Company will hold a conference call to discuss its fiscal fourth quarter and full fiscal year financial results on Thursday, September 14, 2023, at 4:30 p.m. Eastern Time. The conference call details are as follows: Date: Thursday, September 14, 2023 Time: Time: 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time Dial-in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830072/000168316823006435/0001683168-23-006435-index.htm

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