iPower Inc. reported earnings results for the fourth quarter and full year ended June 30, 2023. For the fourth quarter, the company reported sales was USD 23.4 million compared to USD 22.12 million a year ago. Revenue was USD 23.4 million compared to USD 22.12 million a year ago. Net loss was USD 2.96 million compared to USD 1.35 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.045 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to USD 0.045 a year ago.
For the full year, sales was USD 88.9 million compared to USD 79.42 million a year ago. Revenue was USD 88.9 million compared to USD 79.42 million a year ago. Net loss was USD 11.97 million compared to net income of USD 1.52 million a year ago. Basic loss per share from continuing operations was USD 0.403 compared to basic earnings per share from continuing operations of USD 0.055 a year ago. Diluted loss per share from continuing operations was USD 0.403 compared to diluted earnings per share from continuing operations of USD 0.055 a year ago.