iPower Inc
NASDAQ:IPW

  • LAST PRICE
    0.6791
  • TODAY'S CHANGE (%)
    -0.0214 (-3.0550%)
  • Bid / Lots
    0.6503/ 13
  • Ask / Lots
    0.6900/ 1
  • Open / Previous Close
    0.7000 / 0.7005
  • Day Range
    0.6431
    0.7011
  • 52 Week Range
    0.4000
    3.6500
  • Volume
    271,710

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  • Nov 14, 2024

      Show headlines and story abstract

    • 4:05PM ET on Thursday Nov 14, 2024 by MT Newswires
      Companies Mentioned: IPW
      04:05 PM EST, 11/14/2024 (MT Newswires) -- ...

    • 4:05PM ET on Thursday Nov 14, 2024 by MT Newswires
      Companies Mentioned: IPW
      04:05 PM EST, 11/14/2024 (MT Newswires) -- ...

    • 4:05PM ET on Thursday Nov 14, 2024 by Dow Jones
      Companies Mentioned: IPW
      Income taxes payable 285,963 276,158 Total current liabilities 14,182,775 23,770,015 ----------- ----------- Non-current liabilities Long-term revolving loan payable, net 3,131,955 - Lease liability - non-current 3,945,935 4,509,809 Total non-current liabilities 7,077,890 4,509,809 ----------- ----------- Total liabilities 21,260,665 28,279,824 ----------- ----------- Commitments and contingency - - Stockholders' Equity Preferred stock, $0.001 par value; 20,000,000 shares authorized; 0 shares issued and outstanding at September 30, 2024 and June 30, 2024 - - Common stock, $0.001 par value; 180,000,000 shares authorized; 31,359,899 shares issued and outstanding at September 30, 2024 and June 30, 2024 31,361 31,361 Additional paid in capital 33,669,843 33,463,883 Accumulated deficits (12,259,882) (10,230,601) Non-controlling interest (41,040) (38,204) Accumulated other comprehensive loss (265,460) (210,406) Total stockholders' equity 21,134,822 23,016,033 ----------- ----------- Total liabilities and stockholders' equity $ 42,395,487 $ 51,295,857 =========== =========== iPower Inc. and Subsidiaries Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss For the Three Months Ended September 30, 2024 and 2023 For the Three Months Ended September 30, 2024 2023 ------------------------- ----------------------- (Unaudited) (Unaudited) REVENUES Product sales $ 18,275,412 $ 26,508,374 Service income 733,109 - ----------------- ---------------- Total revenues 19,008,521 26,508,374 ----------------- ---------------- COST OF REVENUES Product costs 9,917,448 14,749,529 Service costs 603,176 - ----------------- ---------------- Total cost of revenues 10,520,624 14,749,529 GROSS PROFIT 8,487,897 11,758,845 ----------------- ---------------- OPERATING EXPENSES: Selling and fulfillment 5,914,808 10,063,471 General and administrative 5,319,523 2,964,051 Total operating expenses 11,234,331 13,027,522 ----------------- ---------------- LOSS FROM OPERATIONS (2,746,434) (1,268,677) ----------------- ---------------- OTHER INCOME (EXPENSE) Interest expenses (139,962) (228,365) Loss on equity method investment (919) (1,025) Other non-operating income (Loss) 218,686 (67,166) Total other expenses, net 77,805 (296,556) ----------------- ---------------- LOSS BEFORE INCOME TAXES (2,668,629) (1,565,233) PROVISION FOR INCOME TAX BENEFIT 636,512 275,882 NET LOSS (2,032,117) (1,289,351) Non-controlling interest 2,836 2,836 NET LOSS ATTRIBUTABLE TO IPOWER INC. $ (2,029,281) $ (1,286,515) OTHER COMPREHENSIVE LOSS Foreign currency translation adjustments (55,054) (707) COMPREHENSIVE LOSS ATTRIBUTABLE TO IPOWER INC. $ (2,084,335) $ (1,287,222) ================= ================ WEIGHTED AVERAGE NUMBER OF COMMON STOCK Basic and diluted 31,417,203 29,764,515 ================= ================ LOSSES PER SHARE Basic and diluted $ (0.06) $ (0.04) ================= ================

    • 4:05PM ET on Thursday Nov 14, 2024 by Dow Jones
      Companies Mentioned: IPW
      Income taxes payable 285,963 276,158 Total current liabilities 14,182,775 23,770,015 ----------- ----------- Non-current liabilities Long-term revolving loan payable, net 3,131,955 - Lease liability - non-current 3,945,935 4,509,809 Total non-current liabilities 7,077,890 4,509,809 ----------- ----------- Total liabilities 21,260,665 28,279,824 ----------- ----------- Commitments and contingency - - Stockholders' Equity Preferred stock, $0.001 par value; 20,000,000 shares authorized; 0 shares issued and outstanding at September 30, 2024 and June 30, 2024 - - Common stock, $0.001 par value; 180,000,000 shares authorized; 31,359,899 shares issued and outstanding at September 30, 2024 and June 30, 2024 31,361 31,361 Additional paid in capital 33,669,843 33,463,883 Accumulated deficits (12,259,882) (10,230,601) Non-controlling interest (41,040) (38,204) Accumulated other comprehensive loss (265,460) (210,406) Total stockholders' equity 21,134,822 23,016,033 ----------- ----------- Total liabilities and stockholders' equity $ 42,395,487 $ 51,295,857 =========== =========== iPower Inc. and Subsidiaries Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss For the Three Months Ended September 30, 2024 and 2023 For the Three Months Ended September 30, 2024 2023 ------------------------- ----------------------- (Unaudited) (Unaudited) REVENUES Product sales $ 18,275,412 $ 26,508,374 Service income 733,109 - ----------------- ---------------- Total revenues 19,008,521 26,508,374 ----------------- ---------------- COST OF REVENUES Product costs 9,917,448 14,749,529 Service costs 603,176 - ----------------- ---------------- Total cost of revenues 10,520,624 14,749,529 GROSS PROFIT 8,487,897 11,758,845 ----------------- ---------------- OPERATING EXPENSES: Selling and fulfillment 5,914,808 10,063,471 General and administrative 5,319,523 2,964,051 Total operating expenses 11,234,331 13,027,522 ----------------- ---------------- LOSS FROM OPERATIONS (2,746,434) (1,268,677) ----------------- ---------------- OTHER INCOME (EXPENSE) Interest expenses (139,962) (228,365) Loss on equity method investment (919) (1,025) Other non-operating income (Loss) 218,686 (67,166) Total other expenses, net 77,805 (296,556) ----------------- ---------------- LOSS BEFORE INCOME TAXES (2,668,629) (1,565,233) PROVISION FOR INCOME TAX BENEFIT 636,512 275,882 NET LOSS (2,032,117) (1,289,351) Non-controlling interest 2,836 2,836 NET LOSS ATTRIBUTABLE TO IPOWER INC. $ (2,029,281) $ (1,286,515) OTHER COMPREHENSIVE LOSS Foreign currency translation adjustments (55,054) (707) COMPREHENSIVE LOSS ATTRIBUTABLE TO IPOWER INC. $ (2,084,335) $ (1,287,222) ================= ================ WEIGHTED AVERAGE NUMBER OF COMMON STOCK Basic and diluted 31,417,203 29,764,515 ================= ================ LOSSES PER SHARE Basic and diluted $ (0.06) $ (0.04) ================= ================

  • Nov 13, 2024

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