iPower jumps after reporting smaller losses in Q4
27/09/2022 21:29
** Shares of iPower Inc IPW.O , online retailer of
horticultural equipment, up 13.2% at $1.16 after market hours
** Co reports Q4 net loss of $0.05/shr vs $0.08/shr a year
earlier urn:newsml:reuters.com:*:nGNX2qK39Y
** Revenue also jumps 50% to $22.1 mln in the qtr
** Co's moves to beef up inventory helped it offset the
impact of supply chain snags in Q4 - CFO Kevin Vassily
** YTD, stock has fallen 61% as of Tuesday's close
(Reporting by Niket Nishant in Bengaluru)
((Niket.Nishant@thomsonreuters.com;))