Filing Flows › iPower (IPW) › Q2 FY25
iPower (IPW) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 14, 2025
iPower (IPW) reported revenue of $19.1M for the second quarter fiscal 2025 (Q2 FY25), +14% from a year earlier and +0.3% from the quarter before. Operating margin was 3.6%, net earnings $216K (1.1% of revenue).
iPower, Q2 FY25: revenue $19.1M (+14% year over year), operating margin 3.6%, net earnings $216K, operating cash flow $28K. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.1M | +0.3% | +14% |
| Gross profit | $8.4M | -1% | +15% |
| Operating profit | $684K | — | — |
| Net earnings | $216K | — | — |
| Operating cash flow | $28K | — | -97% |
What changed
Revenue was $19.1M in Q2 FY25, up 14% year over year and roughly flat from the previous quarter.
Gross margin was 44.0%, up 0.4 points from a year earlier. Operating profit was $684K, a 3.6% margin (up 18.8 points year over year). Operating expenses fell 22% while revenue rose 14%. Net earnings were $219K. The effective tax rate was 35.8%.
Operating cash flow was $28K (down 97% year over year), 13% of net earnings. Non-cash charges added back $196K of depreciation and amortization and $197K of share-based compensation. Working capital and other items used $581K.
Questions
What was iPower's revenue in the second quarter fiscal 2025?
iPower (IPW) reported revenue of $19.1M for the second quarter fiscal 2025 (Q2 FY25), +14% from a year earlier and +0.3% from the quarter before.
Was iPower profitable in the second quarter fiscal 2025?
Operating profit was $684K (3.6% of revenue) and net earnings $216K.
Source: iPower 10-Q on SEC EDGAR.