iPower Inc. (IPW) Misses Q4 EPS by 2c
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iPower Reports Fourth Quarter and Fiscal 2021 Results
September 27, 2021 4:02 PM EDTDUARTE, 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 June 30, 2021.
Fiscal Q4 2021 Results vs. Year-Ago Quarter
Total revenue increased slightly to $14.7 million. Gross profit was $6.5 million compared to $6.6 million. As a percentage of revenue, gross margin was 44.4% compared to 44.7%. Net loss was $(1.9) million or $(0.08) per share, compared to net income of $1.2 million or $0.06... More