---
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"
generated_at: "2026-06-06T02:34:24.024874+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# iPower Q2 revenue down 13% to $16.8M; net loss narrows to $1.9M

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1830072/000168316824000974/0001683168-24-000974-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830072/000168316824000974/ipower_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-000974
- JSON: https://secwatch.observer/filing/0001683168-24-000974.json
- Plain text: https://secwatch.observer/filing/0001683168-24-000974.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fiscal second quarter ended December 31, 2023
  - Revenue: $16.8 million
  - Net income: $1.9 million or $(0.06) per share
  - EPS: $(0.06) per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1830072/000168316824000974/0001683168-24-000974-index.htm

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