{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-000974","form_type":"8-K","ticker":"IPW","cik":"0001830072","company_name":"iPower Inc.","filed_at":"2024-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.807228+00:00","generated_at":"2026-06-06T02:34:24.024874+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"iPower Q2 revenue down 13% to $16.8M; net loss narrows to $1.9M","bullets":["Revenue of $16.8M vs $19.3M YoY, driven by lower promotional activity and tighter inventory management by largest channel partner.","Net loss attributable to iPower improved 42% to $1.9M ($0.06 loss per share) from $3.3M ($0.11 loss per share) in prior year.","Gross margin expanded 220 bps to 43.6% from 41.4%, driven by favorable product mix.","Net debt reduced 56% to $3.6M from $8.1M as of June 30, 2023, reflecting debt paydown.","Management aims for return to profitability in 2024, citing normalized channel partner inventory and SuperSuite growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-000974","json":"https://secwatch.observer/filing/0001683168-24-000974.json","markdown":"https://secwatch.observer/filing/0001683168-24-000974.md","text":"https://secwatch.observer/filing/0001683168-24-000974.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1830072/000168316824000974/0001683168-24-000974-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1830072/000168316824000974/ipower_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T02:34:24.024874+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"37cbec5d6793744ae0823f277f2762fbaa2e35b0","claim":"iPower Inc. reported the fiscal second quarter ended December 31, 2023 results: revenue $16.8 million, net income $1.9 million or $(0.06) per share, EPS $(0.06) per share.","evidence_excerpt":"announced its financial results for the fiscal second quarter ended December 31, 2023. Fiscal Q2 2024 Results vs. Fiscal Q2 2023 (unless otherwise noted) · Total revenue was $16.8 million compared to $19.3 million. · Gross profit was $7.3 million compared to $8.0 million, with gross margin up 220 bps to 43.6% compared to 41.4%. · Net loss attributable to iPower","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830072/000168316824000974/0001683168-24-000974-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal second quarter ended December 31, 2023"},{"label":"Revenue","value":"$16.8 million"},{"label":"Net income","value":"$1.9 million or $(0.06) per share"},{"label":"EPS","value":"$(0.06) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}