iPower: Q3 Earnings Insights

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iPower IPW reported its Q3 earnings results on Monday, May 15, 2023 at 04:05 PM.

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

Earnings

iPower beat estimated earnings by 15.0%, reporting an EPS of $-0.051 versus an estimate of $-0.06.

Revenue was down $2.58 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.09 which was followed by a 17.17% drop in the share price the next day.

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

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate -0.02 0.03 0.03
EPS Actual -0.11 -0.14 -0.05 0.04
Revenue Estimate 23.70M 22.90M 21.00M 17.60M
Revenue Actual 19.25M 26.02M 22.12M 22.81M

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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