iPower: Q2 Earnings Insights

iPower IPW reported its Q2 earnings results on Wednesday, February 14, 2024 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

iPower missed estimated earnings by 20.0%, reporting an EPS of $-0.06 versus an estimate of $-0.05.

Revenue was down $2.45 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 9.25% drop in the share price the next day.

Here's a look at iPower's past performance:

Quarter Q1 2024 Q4 2023 Q3 2023 Q2 2023
EPS Estimate -0.06 -0.03 -0.060 -0.02
EPS Actual -0.04 -0.10 -0.051 -0.11
Revenue Estimate 24.30M 22.03M 19.22M 23.70M
Revenue Actual 26.51M 23.40M 20.23M 19.25M

To track all earnings releases for iPower visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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