iPower reports Q4 profit of $0.7M, gross margin expands 870 bps to 47.4%

iPower Inc.

Q4 revenue $19.5M vs $23.4M year ago; net income $0.7M ($0.02/share) vs loss of $3.0M.
Adjusted net income $0.9M ($0.03/share) vs adjusted loss of $2.1M.
Full-year gross margin up 650 bps to 45.6%; net loss improved to $1.5M from $12.0M.
Total debt reduced 46% to $6.3M; cash and equivalents $7.4M at June 30, 2024.
Management cites optimization, TikTok Shop/Temu expansion, and SuperSuite growth as drivers.

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