Overview

• US supply chain and digital assets firm's fiscal Q3 revenue fell sharply during transition to leaner model

• Operating expenses declined 66% sequentially as company reset cost structure

• Non-GAAP net loss narrowed to $0.3 mln, aided by reduced costs and divestiture

Outlook

• Company expects contracted sublease income of more than $2.6 mln through May 2028

• iPower launches AI infrastructure strategy, committing up to $3 mln for initial investments

• Company says asset-light operations and financial flexibility will support scalable platform transition

Result Drivers

• LEANER OPERATIONS - Co said shift to asset-light model and divestiture drove lower operating expenses

• GOODWILL IMPAIRMENT - GAAP net loss primarily reflected non-cash goodwill impairment

Company press release: ID:nGNX60X5y9

Key Details

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