iPower: Q3 Earnings Insights - iPower (NASDAQ:IPW)

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.

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.

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.