{"id":965561,"date":"2026-05-20T19:03:02","date_gmt":"2026-05-20T23:03:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-reports-fiscal-third-quarter-2026-results-highlighted-by-lower-operating-cost-structure-narrowed-non-gaap-loss-and-advancing-ai-infrastructure-strategy\/"},"modified":"2026-05-20T19:03:02","modified_gmt":"2026-05-20T23:03:02","slug":"ipower-reports-fiscal-third-quarter-2026-results-highlighted-by-lower-operating-cost-structure-narrowed-non-gaap-loss-and-advancing-ai-infrastructure-strategy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-reports-fiscal-third-quarter-2026-results-highlighted-by-lower-operating-cost-structure-narrowed-non-gaap-loss-and-advancing-ai-infrastructure-strategy\/","title":{"rendered":"iPower Reports Fiscal Third Quarter 2026 Results Highlighted by Lower Operating Cost Structure, Narrowed Non-GAAP Loss and Advancing AI Infrastructure Strategy"},"content":{"rendered":"
\n

\n Operating expenses declined 66% sequentially<\/strong>\n <\/p>\n

\n GAAP net loss primarily reflected non-cash goodwill impairment; non-GAAP net loss narrowed to $0.3 million<\/strong>\n <\/p>\n

\n Company strengthens platform through asset-light operations, contracted sublease income and recently launched AI infrastructure strategy<\/strong>\n <\/p>\n

RANCHO CUCAMONGA, Calif., May 20, 2026 (GLOBE NEWSWIRE) — iPower Inc. (Nasdaq: IPW) (\u201ciPower\u201d or the \u201cCompany\u201d), a technology- and data-driven company operating at the intersection of supply chain, infrastructure and digital assets, today reported financial results for its fiscal third quarter ended March 31, 2026.<\/p>\n

Fiscal third quarter results reflected continued progress in iPower\u2019s strategic operating reset following the divestiture of Global Product Marketing Inc. and the Company\u2019s transition toward a leaner, more asset-light operating model.<\/p>\n

For the fiscal third quarter of 2026, revenue from continuing operations was $3.5 million<\/strong>, gross profit was $0.8 million<\/strong>, and gross margin was 21.6%<\/strong>. Total operating expenses declined to $1.9 million<\/strong>, compared with $5.6 million<\/strong> in the fiscal second quarter of 2026 and $7.2 million<\/strong> in the prior-year quarter.<\/p>\n

GAAP net loss attributable to iPower was $(3.5) million<\/strong>, or $(2.38) per basic share for the quarter<\/strong>. The GAAP net loss was primarily driven by a $3.0 million non-cash goodwill impairment<\/strong>, which fully eliminated the Company\u2019s remaining goodwill balance. The impairment did not impact the Company\u2019s cash position or operating cash flows. Excluding this impairment and other non-cash or non-operating items, non-GAAP net loss attributable to iPower was $(0.3) million<\/strong>, or $(0.18) per share<\/strong>, compared with non-GAAP net loss of $(0.7) million<\/strong>, or $(0.70) per share<\/strong>, in the prior-year quarter.<\/p>\n

\u201cFiscal Q3 demonstrates that our operating reset is taking hold,\u201d said Lawrence Tan, Chief Executive Officer of iPower. \u201cWe significantly reduced our operating cost structure, improved working-capital discipline, and narrowed our non-GAAP loss, despite a smaller revenue base during this transition period. Importantly, the goodwill impairment recorded in the quarter was non-cash and cleared the remaining goodwill from our balance sheet.\u201d<\/p>\n

Tan continued, \u201cWe are building iPower into a more efficient and financially flexible platform. Our strategy is focused on lower fixed costs, higher-quality revenue opportunities, and disciplined capital allocation into areas where we see long-term value creation. Following quarter end, we strengthened this strategy through contracted sublease income and the launch of our AI infrastructure strategy, which is intended to position iPower as a capital provider for GPU clusters and AI infrastructure assets.\u201d<\/p>\n

As of March 31, 2026, iPower had $14.5 million<\/strong> of current assets and $6.6 million<\/strong> of current liabilities, resulting in a current ratio of approximately 2.2x<\/strong>. Current liabilities decreased approximately 54%<\/strong> from $14.5 million<\/strong> at June 30, 2025. Accounts payable declined to $3.0 million<\/strong> from $7.2 million<\/strong> at June 30, 2025, while inventory declined to $2.5 million<\/strong> from $8.1 million<\/strong>, reflecting the Company\u2019s leaner operating model.<\/p>\n

Subsequent to quarter end, iPower entered into a sublease agreement for a portion of its Rancho Cucamonga facility, expected to generate more than $2.6 million<\/strong> of contracted, non-dilutive income through May 2028. The Company also launched its AI infrastructure strategy, initially utilizing a portion of its existing $30 million<\/strong> financing facility to pursue investments across the AI infrastructure stack, including an initial commitment of up to $3 million<\/strong> to purchase sUSDai, a yield-bearing instrument backed by GPU-collateralized loans. The Company believes these initiatives enhance financial flexibility and support its transition toward a more scalable platform.<\/p>\n

\n Fiscal Third Quarter 2026 Highlights<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n
\n Metric<\/strong>\n <\/td>\n\n Fiscal Q3 2026<\/strong>\n <\/td>\n\n Key Context<\/strong>\n <\/td>\n<\/tr>\n
Revenue<\/td>\n$3.5 million<\/td>\nReflects transition to leaner model<\/td>\n<\/tr>\n
Gross profit<\/td>\n$0.8 million<\/td>\nGross margin of 21.6%<\/td>\n<\/tr>\n
Operating expenses<\/td>\n$1.9 million<\/td>\nDown 66% sequentially<\/td>\n<\/tr>\n
GAAP net loss attributable to iPower<\/td>\n$(3.5) million<\/td>\nIncludes $3.0 million non-cash goodwill impairment<\/td>\n<\/tr>\n
Non-GAAP net loss attributable to iPower<\/td>\n$(0.3) million<\/td>\nImproved from $(0.7) million in prior-year quarter<\/td>\n<\/tr>\n
Current assets<\/td>\n$14.5 million<\/td>\nCurrent ratio of approximately 2.2x<\/td>\n<\/tr>\n
Current liabilities<\/td>\n$6.6 million<\/td>\nDown 54% from June 30, 2025<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n About iPower Inc.<\/strong>\n <\/p>\n

iPower Inc. (Nasdaq: IPW) is a technology- and data-driven company executing a focused strategy at the intersection of AI infrastructure, digital assets and real-world commerce. The Company\u2019s platform includes established e-commerce supply chain operations, logistics and software-enabled services, as well as a growing AI infrastructure investment strategy designed to support long-term stockholder value creation.<\/p>\n

\n Non-GAAP Financial Measures<\/strong>\n <\/p>\n

Certain non-GAAP financial measures are included in this press release. These non-GAAP financial measures are provided to enhance the reader\u2019s overall understanding of the Company\u2019s financial performance. This press release includes non-GAAP net loss attributable to iPower and non-GAAP loss per share. The Company uses these measures to evaluate operating performance by excluding certain non-cash, non-recurring or non-operating items, including stock-based compensation, debt-related non-cash financing costs, change in fair value of derivative liability, unrealized loss on digital assets, loss on extinguishment of debt, goodwill impairment and related tax adjustments. These measures should not be considered a substitute for GAAP results. A reconciliation to the most directly comparable GAAP measure is included in the financial tables accompanying this release.<\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Certain statements made herein that use words such as \u201cestimate,\u201d \u201cproject,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cbelieve,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cpotential,\u201d \u201canticipate,\u201d \u201cplan\u201d or similar expressions are intended to identify forward-looking statements. Such forward-looking statements include statements regarding iPower\u2019s operating strategy, cost structure, liquidity, balance sheet flexibility, anticipated sublease income, AI infrastructure strategy, digital asset strategy and future growth opportunities. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Additional risks are described in the Company\u2019s filings with the Securities and Exchange Commission, including the Company\u2019s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. iPower undertakes no obligation to update forward-looking statements except as required by law.<\/p>\n

\n Media & Investor Contact<\/strong>\n <\/p>\n

\n IPW.IR@meetipower.com<\/a>\n <\/p>\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
iPower Inc. and Subsidiaries<\/td>\n\u00a0<\/td>\n<\/tr>\n
Consolidated Balance Sheets<\/td>\n\u00a0<\/td>\n<\/tr>\n
As of March 31, 2026 and June 30, 2025<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nMarch 31,<\/td>\n\u00a0<\/td>\nJune 30,<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2026<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n ASSETS<\/u>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nCash and cash equivalent<\/td>\n\u00a0<\/td>\n$<\/td>\n713,685<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,677,879<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nAccounts receivable, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,064,189<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,124,008<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nInventories, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,536,961<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,131,203<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nRestricted Cash – BitGo<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,209,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nPrepayments and other current assets, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,973,215<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,567,706<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nCurrent assets held for sale<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n873,515<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,497,050<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,374,311<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nRight of use – non-current<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,966,202<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,915,539<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nProperty and equipment, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n166,441<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n390,349<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDeferred tax assets, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,990,836<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,724,462<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nGoodwill<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,034,110<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nInvestment in joint venture<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,264<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n385,180<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nNote Receivable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,300,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nIntangible assets, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,494,300<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,981,328<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDigital assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,664,827<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nOther non-current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,213,668<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,837,488<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal non-current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,809,538<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,268,456<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal assets<\/td>\n\u00a0<\/td>\n$<\/td>\n31,306,588<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n35,642,767<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n LIABILITIES AND EQUITY<\/u>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nAccounts payable, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,016,663<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,180,009<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nOther payables and accrued liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,136,690<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,769,421<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nLease liability – current<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,450,340<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,361,111<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nRevolving loan payable, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,737,602<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nIncome taxes payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n183,195<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nCurrent liabilities held for sale<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n221,460<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,603,693<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,452,798<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nConvertible notes payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,470,518<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDerivative liability – Conversion option<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,264,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nLease liability – non-current<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,817,153<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,913,967<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal non-current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,552,271<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,913,967<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,155,964<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,366,765<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commitments and contingency<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stockholders’ Equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nPreferred stock, $0.001 par value; 20,000,000 shares authorized; 0 shares issued and<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\noutstanding at March 31, 2026 and June 30, 2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nCommon stock, $0.001 par value; 180,000,000 shares authorized; 1,773,999 and<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n1,045,330 shares issued and outstanding at March 31, 2026 and June 30, 2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,774<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,045<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nAdditional paid in capital<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,528,080<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,481,201<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nAccumulated deficits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(20,380,696<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(15,198,889<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nNon-controlling interest<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(47,462<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(47,462<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nAccumulated other comprehensive loss<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n48,928<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40,107<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal stockholders’ equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,150,624<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,276,002<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nTotal liabilities and stockholders’ equity<\/td>\n\u00a0<\/td>\n$<\/td>\n31,306,588<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n35,642,767<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
iPower Inc. and Subsidiaries<\/td>\n\u00a0<\/td>\n<\/tr>\n
Consolidated Statements of Operations and Comprehensive Loss<\/td>\n\u00a0<\/td>\n<\/tr>\n
For the Three and Nine Months Ended March 31, 2026 and 2025<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nFor the Three Months Ended March 31,<\/td>\n\u00a0<\/td>\nFor the Nine Months Ended March 31,<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2026<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2026<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n<\/tr>\n
REVENUES<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nProduct sales<\/td>\n\u00a0<\/td>\n$<\/td>\n3,498,681<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,018,227<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n16,990,959<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n49,422,823<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nService income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,023,445<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,532,722<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,222,236<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal revenues<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,498,681<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,041,672<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,523,681<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n52,645,059<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
COST OF REVENUES<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nProduct costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,743,132<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,306,217<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,353,516<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,043,417<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nService costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n879,995<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,332,681<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,704,737<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal cost of revenues<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,743,132<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,186,212<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,686,197<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,748,154<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
GROSS PROFIT<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n755,549<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,855,460<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,837,484<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22,896,905<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
OPERATING EXPENSES:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nSelling and fulfillment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n991,037<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,373,932<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,348,039<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,687,013<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nGeneral and administrative<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n908,773<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,816,032<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,630,041<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,033,958<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal operating expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,899,810<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,189,964<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,978,080<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,720,971<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
LOSS FROM OPERATIONS<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,144,261<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(334,504<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,140,596<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,824,066<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
OTHER INCOME (EXPENSE)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nInterest expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(432,167<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(81,968<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(611,108<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(362,602<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nLoss on equity method investment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(986<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,707<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nLoss on deconsolidation of VIE<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,269<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(40,893<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nImpairment loss -goodwill<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,034,110<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,034,110<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nUnrealized gain (loss) on digital assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(549,932<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(544,173<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nChange in fair value of derivative liability<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n89,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n266,200<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nGain (Loss) on extinguishment of debt<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(539,634<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(563,734<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nOther non-operating income (expenses)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,897<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35,241<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,236,219<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47,521<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal other income (expenses), net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,463,615<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(47,713<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,291,599<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(317,788<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
LOSS BEFORE INCOME TAXES<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,607,876<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(382,217<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(8,432,195<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,141,854<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
PROVISION FOR INCOME TAX EXPENSE (BENEFIT)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(326,502<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,364<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,839,874<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(637,108<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
NET INCOME (LOSS) FROM CONTINUING OPERATIONS<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,281,374<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(388,581<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,592,321<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,504,746<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
DISCONTINUED OPERATIONS, NET OF TAX<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,826,496<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n46,208<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,410,514<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n345,920<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
NET LOSS<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,454,878<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(342,373<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,181,807<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,158,826<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nNon-controlling interest<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,774<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(8,765<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
NET LOSS ATTRIBUTABLE TO IPOWER INC.<\/td>\n\u00a0<\/td>\n$<\/td>\n(3,454,878<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(339,599<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(5,181,807<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(2,150,061<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
OTHER COMPREHENSIVE INCOME (LOSS)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nForeign currency translation adjustments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(15,743<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(97,556<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,821<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,520<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
COMPREHENSIVE LOSS ATTRIBUTABLE TO IPOWER INC.<\/td>\n\u00a0<\/td>\n$<\/td>\n(3,470,621<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(437,155<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(5,172,986<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(2,146,541<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
WEIGHTED AVERAGE NUMBER OF COMMON STOCK<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nBasic<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,453,875<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,048,508<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,200,110<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,047,816<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDiluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,453,875<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,048,508<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,200,110<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,047,816<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
EARNINGS (LOSSES) PER SHARE<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nBasic – continuing operations<\/td>\n\u00a0<\/td>\n$<\/td>\n(3.63<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.37<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(5.49<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(2.39<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nBasic – discontinued operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.25<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.04<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.17<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.33<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal basic earnings (loss) per share<\/td>\n\u00a0<\/td>\n$<\/td>\n(2.38<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.33<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(4.32<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(2.06<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDiluted – continuing operations<\/td>\n\u00a0<\/td>\n$<\/td>\n(3.63<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.37<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(5.49<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(2.39<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDiluted – discontinued operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.26<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.04<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.18<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.33<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nTotal diluted earnings (loss) per share<\/td>\n\u00a0<\/td>\n$<\/td>\n(2.38<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.33<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(4.32<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(2.06<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
iPower Inc. and Subsidiaries<\/td>\n<\/tr>\n
Reconciliation of GAAP to Non-GAAP Financial Measures<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nFor the Three Months Ended March 31,<\/td>\n\u00a0<\/td>\nFor the Nine Months Ended March 31,<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2026<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2026<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n<\/tr>\n
GAAP OPERATING EXPENSES<\/td>\n\u00a0<\/td>\n$<\/td>\n1,899,810<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7,189,964<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n11,978,080<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n25,720,971<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stock-based compensation<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(150,203<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n546,053.00<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,450,608<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n142,780<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
NON-GAAP OPERATING EXPENSES<\/td>\n\u00a0<\/td>\n$<\/td>\n1,749,607<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7,189,964<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n11,978,080<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n25,720,971<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
GAAP LOSS FROM OPERATIONS<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,144,261<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(334,504<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(5,140,596<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(2,824,066<\/td>\n)<\/td>\n<\/tr>\n
Stock-based compensation<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n150,203<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(546,053<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,450,608<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n142,780<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
NON-GAAP LOSS FROM OPERATIONS<\/td>\n\u00a0<\/td>\n$<\/td>\n(994,058<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(880,557<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(3,689,988<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(2,681,286<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
GAAP OTHER INCOME (EXPENSE)<\/td>\n\u00a0<\/td>\n$<\/td>\n(4,463,615<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(47,713<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(3,291,599<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(317,788<\/td>\n)<\/td>\n<\/tr>\n
Amortization of debt discount and non-cash financing costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n247,551<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n269,782<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n125,906<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loss on extinguishment of debt<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n539,634<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n563,734<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
change in fair value of derivative liability<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(89,600<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(266,200<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
Unrealized gain (loss) on digital assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n549,932<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n544,173<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment loss – goodwill<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,034,110<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,034,110<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
NON-GAAP OTHER INCOME (EXPENSE)<\/td>\n\u00a0<\/td>\n$<\/td>\n(181,988<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(47,713<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n854,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(191,882<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
GAAP NET LOSS ATTRIBUTABLE TO IPOWER INC.<\/td>\n\u00a0<\/td>\n$<\/td>\n(3,454,878<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(339,599<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(5,181,807<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(2,150,061<\/td>\n)<\/td>\n<\/tr>\n
Stock-based compensation<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n150,203<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(546,053<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,450,608<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n142,780<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of debt discount and non-cash financing costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n247,551<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n269,782<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n125,906<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loss on extinguishment of debt<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n539,634<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n563,734<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
change in fair value of derivative liability<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(89,600<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(266,200<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
Unrealized gain (loss) on digital assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n549,932<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n544,173<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment loss – goodwill<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,034,110<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,034,110<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
Tax adjustment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,240,186<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n152,805<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,566,020<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(75,188<\/td>\n)<\/td>\n<\/tr>\n
NON-GAAP NET LOSS ATTRIBUTABLE TO IPOWER INC.<\/td>\n\u00a0<\/td>\n$<\/td>\n(263,234<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(732,847<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,151,620<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,956,563<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
GAAP EARNINGS (LOSSES) PER SHARE\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic and diluted<\/td>\n\u00a0<\/td>\n$<\/td>\n(2.38<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.33<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(4.32<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(2.06<\/td>\n)<\/td>\n<\/tr>\n
Impact of Non-GAAP adjustments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.20<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.37<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.36<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.19<\/td>\n\u00a0<\/td>\n<\/tr>\n
NON-GAAP LOSSES PER SHARE\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.18<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.70<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.96<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.87<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
WEIGHTED AVERAGE NUMBER OF COMMON STOCK\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nBasic and diluted – GAAP and NON-GAAP<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,453,875<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,048,508<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,200,110<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,047,816<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

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Operating expenses declined 66% sequentially GAAP net loss primarily reflected non-cash goodwill impairment; non-GAAP net loss narrowed to $0.3 million Company strengthens platform through asset-light operations, contracted sublease income and recently launched AI infrastructure strategy RANCHO CUCAMONGA, Calif., May 20, 2026 (GLOBE NEWSWIRE) — iPower Inc. (Nasdaq: IPW) (\u201ciPower\u201d or the \u201cCompany\u201d), a technology- and data-driven company operating at the intersection of supply chain, infrastructure and digital assets, today reported financial results for its fiscal third quarter ended March 31, 2026. Fiscal third quarter results reflected continued progress in iPower\u2019s strategic operating reset following the divestiture of Global Product Marketing Inc. and the Company\u2019s transition toward a leaner, more asset-light operating model. For the fiscal third quarter of 2026, revenue … <\/p>\n

Continue reading “iPower Reports Fiscal Third Quarter 2026 Results Highlighted by Lower Operating Cost Structure, Narrowed Non-GAAP Loss and Advancing AI Infrastructure Strategy”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-965561","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\niPower Reports Fiscal Third Quarter 2026 Results Highlighted by Lower Operating Cost Structure, Narrowed Non-GAAP Loss and Advancing AI Infrastructure Strategy - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-reports-fiscal-third-quarter-2026-results-highlighted-by-lower-operating-cost-structure-narrowed-non-gaap-loss-and-advancing-ai-infrastructure-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"iPower Reports Fiscal Third Quarter 2026 Results Highlighted by Lower Operating Cost Structure, Narrowed Non-GAAP Loss and Advancing AI Infrastructure Strategy - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Operating expenses declined 66% sequentially GAAP net loss primarily reflected non-cash goodwill impairment; non-GAAP net loss narrowed to $0.3 million Company strengthens platform through asset-light operations, contracted sublease income and recently launched AI infrastructure strategy RANCHO CUCAMONGA, Calif., May 20, 2026 (GLOBE NEWSWIRE) — iPower Inc. (Nasdaq: IPW) (\u201ciPower\u201d or the \u201cCompany\u201d), a technology- and data-driven company operating at the intersection of supply chain, infrastructure and digital assets, today reported financial results for its fiscal third quarter ended March 31, 2026. Fiscal third quarter results reflected continued progress in iPower\u2019s strategic operating reset following the divestiture of Global Product Marketing Inc. and the Company\u2019s transition toward a leaner, more asset-light operating model. 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(Nasdaq: IPW) (\u201ciPower\u201d or the \u201cCompany\u201d), a technology- and data-driven company operating at the intersection of supply chain, infrastructure and digital assets, today reported financial results for its fiscal third quarter ended March 31, 2026. Fiscal third quarter results reflected continued progress in iPower\u2019s strategic operating reset following the divestiture of Global Product Marketing Inc. and the Company\u2019s transition toward a leaner, more asset-light operating model. 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