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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 (IPW) Posts Wider-Than-Expected Q4 Loss, Sales Beat
IPower (IPW) registers a decent revenue increase in the fourth quarter of fiscal 2023, owing to greater product sales to its largest channel partner.
IPower Inc. (IPW) Reports Q4 Loss, Tops Revenue Estimates
IPower Inc. (IPW) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.05 per share a year ago.
iPower Inc. (IPW) Q4 2023 Earnings Call Transcript
iPower Inc. (NASDAQ:IPW ) Q4 2023 Results Conference Call September 14, 2023 4:30 PM ET Company Participants Lawrence Tan - Chairman and CEO Kevin Vassily - CFO Conference Call Participants Scott Fortune - ROTH MKM Thierry Wuilloud - Water Tower...
iPower Reports Fiscal Fourth Quarter and Full Year 2023 Results
- Fiscal 2023 Revenue up 12% to Record $88.9 Million, with Cash Flow from Operations of $9.2 Million - - iPower Management to Host Conference Call Today at 4:30 p.m. Eastern Time - DUARTE, Calif, Sept.
iPower Schedules Fiscal Fourth Quarter and Full Year 2023 Conference Call for September 14, 2023 at 4:30 p.m. ET
DUARTE, Calif., Aug. 31, 2023 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven online retailer and supplier of consumer home and garden products, as well as a provider of value-added ecommerce services, will...
iPower to Participate in the Water Tower Research Fireside Chat Series on August 21
DUARTE, Calif., Aug. 17, 2023 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven online retailer and supplier of consumer home and garden products, as well as a provider of value-added ecommerce services, today...
iPower Announces Strategic Partnership with LTMATE Global
DUARTE, Calif., July 13, 2023 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven online retailer and supplier of consumer home and garden products, as well as a provider of value-added ecommerce services, today...
iPower Meets Nasdaq Bid Price Compliance
DUARTE, Calif., June 29, 2023 (GLOBE NEWSWIRE) — iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a leading online retailer and supplier of consumer home and garden products, today announced it received confirmation from The Nasdaq Stock Market LLC (“Nasdaq”)...
iPower Launches the iFarm Smart Table Top Growing System
DUARTE, Calif., June 15, 2023 (GLOBE NEWSWIRE) — iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a leading online retailer and supplier of consumer home and garden products, is announcing the launch of its new iFarm Smart Table Top Growing...
iPower to Present at the LD Micro Invitational XIII on June 7, 2023
Duarte, California--(Newsfile Corp. - May 31, 2023) - iPower Inc. (NASDAQ: IPW) ("iPower" or the "Company"), a leading online retailer and supplier of consumer home and garden products, will present and host one-on-one meetings at the 13th Annual LD Micro...
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