iPower Q3 operating expenses fall 66%, non-GAAP loss narrows

Ipower

20/05/2026 22:10

Overview

US supply chain and digital assets firm's fiscal Q3 revenue fell sharply during transition to leaner model

Operating expenses declined 66% sequentially as company reset cost structure

Non-GAAP net loss narrowed to $0.3 mln, aided by reduced costs and divestiture

Outlook

Company expects contracted sublease income of more than $2.6 mln through May 2028

iPower launches AI infrastructure strategy, committing up to $3 mln for initial investments

Company says asset-light operations and financial flexibility will support scalable platform transition

Result Drivers

LEANER OPERATIONS - Co said shift to asset-light model and divestiture drove lower operating expenses

GOODWILL IMPAIRMENT - GAAP net loss primarily reflected non-cash goodwill impairment

Company press release: ID:nGNX60X5y9

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
-$3.50 mln
Q3 Gross Margin
21.60%
Q3 Gross Profit
$800,000
Q3 Operating Expenses
$1.90 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)