iPower Q2 revenue $7.1M, net loss $1.2M; divests GPM, authorizes $2M buyback

iPower Inc.

2026-Q2 EPS reported -$1.60 revenue$19,151,069

Revenue $7.1M, net loss $1.2M ($1.08 EPS); gross margin 44.0%, operating expenses down 28% YoY.
Closed first tranche of up to $30M convertible note offering, receiving $6.5M gross proceeds.
Post-quarter: divested Global Product Marketing Inc. for ~$2.3M consideration, cutting a major cost center.
Board authorized first-ever $2M share repurchase program.
Shifted to primarily U.S.-based sourcing; supply chain restructuring temporarily reduced revenue.

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