IPW Q1 2023 Earnings — iPower Inc. Revenue & Financial Results | Market Cap Arena

IPWiPower Inc.

$2M

Q1 2023 Earnings

Consumer Cyclical Specialty Retail

Income Statement

Revenue

$26M+49.8% YoY

Gross Profit

$10M38.4% margin

Operating Income

-$5M-17.7% margin

Net Income

-$4M-16.1% margin

EPS (Diluted)

$-4.20

QoQ Revenue Growth

+17.7%

Cash Flow

Operating Cash Flow

$379,025

Free Cash Flow

$321,036

Stock-Based Comp.

$137,882

Balance Sheet

Total Assets

$77M

Total Liabilities

$49M

Stockholders' Equity

$28M

Cash & Equivalents

$5M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$26M	$17M	+49.8%
Gross Profit	$10M	$7M	+36.5%
Operating Income	-$5M	$1M	-456.0%
Net Income	-$4M	$887,528	-571.2%