iPower reports Q1 FY2026 revenue down 37% to $12.0M; net loss narrows to $0.5M

iPower Inc.

2026-Q1 EPS reported -$0.51 revenue$12,017,467

Revenue $12.0M vs $19.0M YoY; services income more than doubled to $1.5M.
Net loss improved to $0.5M ($0.51 per share loss) from $2.1M ($1.94 per share loss) in prior year.
Gross margin fell to 40.0% from 44.7%; operating expenses cut 42% to $6.5M.
Total debt reduced 48% to $1.9M from $3.7M at June 30, 2025.
Cash and equivalents $0.9M at Sep 30 vs $2.0M at June 30, 2025.

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