iPower Inc. announced Q2 fiscal revenue of $7.1 million, a net loss of $1.2 million, and a gross profit of $3.1 million. The revenue decline was attributed to supply chain restructuring, shifting to U.S.-based sourcing. The company also implemented a Digital Asset Treasury strategy, completed a divestiture, and authorized a $2 million share repurchase program.
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iPower reports Q2 revenue of $7.1M amid supply chain shift
iPower Inc. announced Q2 fiscal revenue of $7.1 million, a net loss of $1.2 million, and a gross profit of $3.1 million. The revenue decline was attributed to supply chain restructuring, shifting to U.S.-based sourcing. The company also implemented a Digital Asset Treasury strategy, completed a divestiture, and authorized a $2 million share repurchase program.