---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-008128"
form_type: "8-K"
ticker: "IPW"
cik: "0001830072"
company_name: "iPower Inc."
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T03:58:21.425329+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# iPower reports Q1 FY2024 revenue of $26.5M (+2% YoY), net loss narrows 69% to $1.3M

## Summary
- Revenue $26.5M (+2% YoY); gross profit $11.8M (+18%), gross margin 44.4% vs 38.4% (+600 bps).
- Net loss attributable to iPower improved to $1.3M ($0.04 loss/share) from $4.2M ($0.14 loss/share).
- Net debt reduced 48% to $4.2M from $8.1M at June 30, 2023; cash $2.7M, total debt $7.0M.
- SuperSuite supply chain partnerships reached annualized revenue run-rate of ~$7M.
- Non-hydroponic products >75% of revenue; categories include fans, shelving, outdoor patio furniture.

## SEC filing metadata
- accession: 0001683168-23-008128
- form_type: 8-K
- ticker: IPW
- cik: 0001830072
- company_name: iPower Inc.
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1830072/000168316823008128/0001683168-23-008128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830072/000168316823008128/ipower_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-008128
- JSON: https://secwatch.observer/filing/0001683168-23-008128.json
- Plain text: https://secwatch.observer/filing/0001683168-23-008128.txt

## Key facts
- Earnings Releases
  iPower Inc. reported first fiscal quarter ended September 30, 2023 results: revenue $26.5 million, net income $1.3 million or $(0.04) per share, EPS $(0.04) per share.
  - Period: first fiscal quarter ended September 30, 2023
  - Revenue: $26.5 million
  - Net income: $1.3 million or $(0.04) per share
  - EPS: $(0.04) per share
  - Result: reported results
  source text: Total revenue increased 2% to $26.5 million compared to the Company's record $26.0 million in Q1 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830072/000168316823008128/0001683168-23-008128-index.htm

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