iPower Inc. Reports 23.15% Revenue Decline and Increased Losses for Fiscal Year Ending June 30, 2025

iPower Inc. reported a significant decline in financial performance for the fiscal year ending June 30, 2025, with revenues falling by 23.15% to $66.1 million, down from $86.1 million in the previous year. The decrease in revenue was attributed primarily to a reduction in sales volume, as the company offered fewer promotions due to lower inventory levels and experienced a notable decline in orders from Amazon amid tariff uncertainties. The cost of goods sold also decreased by 22.53% to $37.1 million, reflecting management's efforts in supply chain management and reduced product sales.

The company's operating expenses decreased by 10.81% to $34.9 million, driven by lower selling and fulfillment costs, which fell by $4.8 million due to reduced advertising and delivery expenses. However, iPower still reported a loss from operations of $5.9 million, a substantial increase from the $962,892 loss recorded in the prior year. The net loss attributable to iPower Inc. rose to $4.97 million, compared to $1.53 million in the previous fiscal year, indicating a 222.12% increase in losses.

In terms of operational developments, iPower has been focusing on expanding its product offerings and enhancing its e-commerce capabilities. The company has developed in-house branded products and is actively pursuing acquisitions to complement its catalog. As of June 30, 2025, iPower's customer base remains heavily reliant on third-party platforms, with approximately 82% of total sales occurring through Amazon. The company has also been working on a Digital Treasury Strategy, although it has not yet been implemented.

The company’s total assets decreased to $35.6 million from $51.3 million in the previous year, with cash and cash equivalents dropping to $2 million. iPower's working capital also declined to $4.9 million, down from $11.2 million, reflecting the challenges faced in managing inventory and cash flow. The company had a total of 10 full-time and four part-time employees as of October 9, 2025, indicating a stable workforce despite the operational challenges.

Looking ahead, iPower's management expressed cautious optimism about future performance, contingent on improving supply chain conditions and the successful execution of its growth strategies. However, the company remains vulnerable to external factors such as economic conditions, regulatory changes, and its reliance on third-party platforms for sales. The ongoing geopolitical tensions and their potential impact on supply chains are also noted as risks that could affect the company's operations and financial results.