0001683168-26-001222
SEC filingiPower Inc. reported a net loss of $1.2 million for Q2 2026, an improvement from the $2.0 million loss before income taxes, primarily due to a $821K income tax benefit. Total revenues were $7.1 million with a gross profit of $3.1 million, resulting in a gross margin of 43.7%. However, operating expenses of $5.6 million led to an operating loss of $2.4 million. The company generated positive operating cash flow of $764K, driven by non-cash adjustments including depreciation and amortization of $396K and stock-based compensation of $403K. Significant cash outflows from investing activities totaled $5.6 million, primarily for digital asset purchases and software development prepayments, while financing activities provided $4.8 million mainly from convertible notes and short-term loans. The balance sheet shows total assets of $34.0 million with $2.0 million in cash, total liabilities of $16.0 million, and stockholders' equity of $18.0 million.
iPower Inc. reported a net loss of $1.2 million for Q2 2026 (period ending December 31, 2025), which represents an improvement from the $2.0 million loss before income taxes, largely due to an $821K income tax benefit. Total revenues were $7.1 million with cost of revenues at $4.0 million, resulting in gross profit of $3.1 million. Operating expenses totaled $5.6 million, comprising $3.1 million in selling and fulfillment expenses and $2.5 million in general and administrative expenses, leading to an operating loss of $2.4 million. Other income contributed $424K, primarily from a $433K other non-operating income item and a $177K change in fair value of derivative liability, partially offset by $167K in interest expenses. The company reported basic and diluted earnings per share of -$1.00 based on 1.1 million weighted average shares outstanding.
Total revenues for the quarter were $7.1 million. The document does not provide segment breakdowns, geographic mix, or specific growth drivers for revenue. No comparative period data (QoQ or YoY) is provided in the XBRL data or document text, preventing analysis of revenue trends or growth rates. The absence of segment disclosure limits the ability to analyze revenue composition or identify specific business unit performance.
The company achieved a gross margin of 43.7% ($3.1 million gross profit on $7.1 million revenue). Operating margin was negative 33.8% ($2.4 million operating loss on $7.1 million revenue), indicating that operating expenses of $5.6 million significantly exceeded gross profit. The cost structure shows selling and fulfillment expenses of $3.1 million (43.7% of revenue) and general and administrative expenses of $2.5 million (35.2% of revenue). No comparative margin data from prior periods is provided in the source material.
The company generated positive operating cash flow of $764K despite a net loss of $1.2 million, primarily due to non-cash adjustments including $396K depreciation and amortization, $403K stock-based compensation, $629K amortization of operating lease assets, and $177K change in fair value of derivative liability. Significant working capital changes included a $4.5 million increase in inventories and a $4.0 million decrease in accounts payable. Investing activities used $5.6 million in cash, mainly for $2.2 million in digital asset purchases, $2.2 million in restricted cash held in BitGo account, and $722K in software development prepayments. Financing activities provided $4.8 million, primarily from $6.0 million net proceeds from convertible notes and $3.6 million from revolving loans, partially offset by $7.4 million in revolving loan payments. The balance sheet shows total assets of $34.0 million including $14.7 million current assets ($2.0 million cash) and $19.3 million non-current assets. Total liabilities are $16.0 million with $8.0 million current liabilities and $8.0 million non-current liabilities. Stockholders' equity stands at $18.0 million.
The document content provided does not include management guidance, strategic priorities, or specific risk factors discussion. No forward-looking statements or outlook information is present in the XBRL data or document text sections provided. The analysis is therefore limited to the historical financial results presented in the filing without insight into future expectations or company projections.