- iPower press release ( NASDAQ: IPW ): Q2 GAAP EPS of -$0.11 misses by $0.09 .
- Revenue of $19.3M (+12.9% Y/Y) misses by $4.4M .
- As of December 31, 2022, net debt (total debt less cash) was reduced by 42% to $8.2 million compared to net debt of $14.2 million as of June 30, 2022.
- Gross profit in the fiscal second quarter of 2023 increased 5% to $8.0 million compared to $7.6 million for the same quarter in fiscal 2022.
- Cash and cash equivalents were $4.0 million at December 31, 2022, compared to $1.8 million at June 30, 2022.
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iPower GAAP EPS of -$0.11 misses by $0.09, revenue of $19.3M misses by $4.4M