iPower Inc. (IPW) Reports Q3 Loss of $0.01

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Go back to iPower Inc. (IPW) Reports Q3 Loss of $0.01

iPower Reports Fiscal Third Quarter Results

June 24, 2021 4:04 PM EDT

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, 2021.

Revenue grew by 34.4% to $13.1 million in the quarter ended March 31, 2021 as compared to $9.8 million in the quarter ended March 31, 2020. Income from operations increased 132% to $788,734 in the quarter ended March 31, 2021 as compared to $340,185 in the quarter ended March 31, 2020. Gross margin in the quarter was 43.9%, up from... More