IPW News & Events

Reports Q2 revenue $7.13M vs. $19.07M last year. "Our fiscal second quarter reflects a deliberate strategic transition," said Lawrence Tan, CEO of iPower. "In December 2025, we implemented our first institutional Digital Asset Treasury strategy, advancing our crypto infrastructure initiatives while maintaining disciplined execution across our core operations. At the same time, we made the active decision to restructure our supply chain, consolidate vendors, and shift toward primarily U.S.-based sourcing. While this transition temporarily reduced revenue levels, we believe this transition will strengthen long-term reliability, margin stability, and operational control. Subsequent to quarter-end, we divested GPM, which historically represented a significant operating cost center, materially lowering our forward expense base."

iPower announced that its Board of Directors has approved a share repurchase program for the first time in the Company's history, with unified support from all of the Company's creditors. The Company expects to implement the up to $2,000,000 share repurchase program in the near future, subject to market conditions and applicable regulations.

iPower has eliminated a major operating cost center while receiving total consideration of approximately $2.3M as part of a strategic restructuring designed to streamline operations and strengthen the Company's core supply chain and fulfillment platform. Through this transaction, iPower has removed major costs associated with online sales operations by selling its subsidiary, Global Product Marketing Inc., while retaining iPower's core supply chain, procurement, fulfillment and software infrastructure. The Company will continue to maintain its e-commerce capabilities through its internal operating experience and strategic partnerships, and also maintain ongoing commercial arrangements that provide continued access to future purchase orders and supply chain revenue opportunities, without bearing the previously associated operating expenses. The transaction is expected to: Significantly reduce operating expenses by eliminating a major cost center; Increase iPower's asset base by approximately $2.3M; Preserve future supply chain revenue opportunities with positive contribution margins, which may reach up to approximately 15% under applicable commercial arrangements.

iPower announced tangible operating progress across its SuperSuite supply chain platform, including onboarding a new supply-chain partner and the rollout of additional last-mile logistics vendors. Koala Story has joined iPower's SuperSuite ecosystem as a supply chain partner. The initial product launch will focus on Koala Story's U.S.-manufactured Chicken Chips dog treats, with additional products planned for future expansion across online sales channels. To improve delivery efficiency and reduce last mile costs, iPower has engaged new logistics partners, including UniUni and GoFo, both of which are already live within the Company's logistics network. "SuperSuite is built to scale through iPower's operating execution and disciplined cost management," said Lawrence Tan, CEO of iPower. "Onboarding quality partners and structurally lowering fulfillment costs are the fundamentals that drive durable value creation, and we are focused on executing those fundamentals."