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Complete financial analysis of iPower Inc. (IPW) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of iPower Inc., a leading company in the Specialty Retail industry within the Consumer Cyclical sector.
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iPower Inc. (IPW)
About iPower Inc.
iPower Inc. engages in the online retail of hydroponics equipment in the United States. It offers various products, including advanced indoor and greenhouse grow-light systems, ventilation systems, activated carbon filters, nutrients, growing media, hydroponic water-resistant grow tents, trimming machines, pumps, and accessories for hydroponic gardening, as well as other indoor and outdoor growing products under the iPower and Simple Deluxe brands through its Zenhydro.com website and various third-party e-commerce channels. The company was formerly known as BZRTH Inc. and changed its name to iPower Inc. in September 2020. iPower Inc. was incorporated in 2018 and is based in Duarte, California.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Revenue | 86.07M | 88.90M | 79.42M | 54.08M | 39.94M | 22.84M |
| Cost of Revenue | 46.82M | 54.10M | 46.22M | 31.26M | 24.81M | 14.97M |
| Gross Profit | 39.25M | 34.80M | 33.20M | 22.82M | 15.13M | 7.88M |
| Gross Profit Ratio | 45.61% | 39.14% | 41.80% | 42.20% | 37.88% | 34.48% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 12.12M | 12.79M | 11.71M | 6.38M | 4.63M | 2.48M |
| Selling & Marketing | 28.10M | 32.43M | 19.18M | 13.47M | 7.59M | 4.56M |
| SG&A | 40.22M | 45.22M | 30.89M | 19.86M | 12.22M | 7.04M |
| Other Expenses | 0.00 | -107.75K | 296.37K | -2.84M | 20.73K | -945.00 |
| Operating Expenses | 40.22M | 45.22M | 30.89M | 19.86M | 12.22M | 7.04M |
| Cost & Expenses | 87.03M | 99.33M | 77.11M | 51.12M | 37.03M | 22.01M |
| Interest Income | 0.00 | 1.07M | 458.16K | 153.79K | 168.28K | 109.83K |
| Interest Expense | 788.43K | 1.07M | 538.17K | 301.92K | 168.28K | 110.78K |
| Depreciation & Amortization | 2.51M | 828.99K | 601.83K | 94.17K | -2.91M | -834.67K |
| EBITDA | 1.51M | -12.77M | 3.20M | 2.96M | 0.00 | 0.00 |
| EBITDA Ratio | 1.75% | -11.86% | 2.92% | 5.15% | 7.28% | 3.65% |
| Operating Income | -962.89K | -13.48M | 2.31M | 2.96M | 2.91M | 834.67K |
| Operating Income Ratio | -1.12% | -15.17% | 2.91% | 5.47% | 7.28% | 3.65% |
| Total Other Income/Expenses | -829.92K | -1.18M | -248.42K | -2.97M | -147.55K | -110.78K |
| Income Before Tax | -1.79M | -14.67M | 2.06M | -8.99K | 2.76M | 723.89K |
| Income Before Tax Ratio | -2.08% | -16.50% | 2.60% | -0.02% | 6.91% | 3.17% |
| Income Tax Expense | -251.37K | -2.69M | 558.98K | 766.76K | 773.44K | 195.50K |
| Net Income | -1.53M | -11.97M | 1.52M | -775.75K | 1.99M | 528.40K |
| Net Income Ratio | -1.78% | -13.46% | 1.91% | -1.43% | 4.98% | 2.31% |
| EPS | -0.05 | -0.40 | 0.05 | -0.03 | 0.07 | 0.02 |
| EPS Diluted | -0.05 | -0.40 | 0.05 | -0.03 | 0.07 | 0.02 |
| Weighted Avg Shares Out | 29.88M | 29.71M | 27.78M | 26.45M | 28.30M | 28.30M |
| Weighted Avg Shares Out (Dil) | 29.88M | 29.71M | 27.78M | 26.45M | 28.30M | 28.30M |
iPower Q1 Revenue Jumps 16% YoY To $17.4M, In-House Ventilation Line Strongest Category
Hydroponic equipment supplier and retailer iPower Inc. (NASDAQ:IPW) announced its financial results for the fiscal first quarter ended Sept.30, reporting a record first-quarter revenue of $17.4 million, up by 16% year-over-year. The Duarte, California-based company attributed the increase to greater in-house...
IPW Stock: Why It Increased Noticeably Today
The stock price of iPower Inc (NASDAQ: IPW) increased over 10% pre-market today. This is why it happened.
iPower Inc. (IPW) CEO Chenlong Tan on Q4 2021 Results - Earnings Call Transcript
iPower Inc. (IPW) CEO Chenlong Tan on Q4 2021 Results - Earnings Call Transcript
iPower Reports Fourth Quarter and Fiscal 2021 Results
DUARTE, Calif., Sept. 27, 2021 /PRNewswire/ -- iPower Inc. (Nasdaq:IPW) ("iPower" or the "Company"), one of the leading online hydroponic equipment suppliers and retailers in the United States, today announced financial results for its fourth quarter and fiscal year ended...
iPower Schedules Fiscal Fourth Quarter and Full Fiscal Year 2021 Earnings Conference Call
DUARTE, Calif., Sept. 21, 2021 /PRNewswire/ -- iPower Inc (NASDAQ: IPW) ("iPower" or the "Company"), one of the leading online hydroponic equipment suppliers and retailers in the United States, today announced that it will host its quarterly earnings conference call for the...
iPower Ramps Up Warehouse Capacity With California Facility
Online hydroponic equipment supplier and retailer iPower Inc (NASDAQ: IPW) agreed to lease a new warehouse and logistics facility in Rancho Cucamonga, CA. This newly built facility, located near an international airport in Ontario, CA, will have 100,000 sq ft of useable space.
iPower Inc Doubles Warehouse Capacity with New Facility in California
DUARTE, Calif., August 2, 2021 /PRNewswire/ -- iPower Inc. (Nasdaq:IPW), one of the leading online hydroponic equipment suppliers and retailers in the United States, today announced that it has entered into an agreement to lease a new warehouse and logistics facility in...
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iPower Reports Fiscal Third Quarter Results
DUARTE, Calif., June 24, 2021 /PRNewswire/ -- iPower Inc (NASDAQ: IPW) ("iPower" or the "Company"), one of the leading online hydroponic equipment suppliers and retailers in the United States, today announced its financial results for the third quarter ended March 31,...
iPower Schedules Fiscal Third Quarter 2021 Earnings Conference Call
DUARTE, Calif., June 23, 2021 /PRNewswire/ -- iPower Inc (NASDAQ: IPW) ("iPower", or the "Company"), one of the leading online hydroponic equipment suppliers and retailers in the United States, today announced that it will host its quarterly earnings conference call for...
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