iPower Inc. (IPW) Misses Q4 EPS by 2c

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Go back to iPower Inc. (IPW) Misses Q4 EPS by 2c

iPower Reports Fourth Quarter and Fiscal 2021 Results

September 27, 2021 4:02 PM EDT

DUARTE, 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