iPower Reports Fiscal Third Quarter 2026 Results Highlighted by Lower Operating Cost Structure, Narrowed Non-GAAP Loss and Advancing AI Infrastructure Strategy

<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p><strong>Operating expenses declined 66% sequentially</strong></p> <p><strong>GAAP net loss primarily reflected non-cash goodwill impairment; non-GAAP net loss narrowed to $0.3 million</strong></p> <p><strong>Company strengthens platform through asset-light operations, contracted sublease income and recently launched AI infrastructure strategy</strong></p> <p align="justify">RANCHO CUCAMONGA, Calif., May 20, 2026 (GLOBE NEWSWIRE) -- iPower Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/IPW" rel="nofollow">IPW</a>) ("iPower" or the "Company"), a technology- and data-driven company operating at the intersection of supply chain, infrastructure and digital assets, today reported financial results for its fiscal third quarter ended March 31, 2026.</p> <p align="justify">Fiscal third quarter results reflected continued progress in iPower's strategic operating reset following the divestiture of Global Product Marketing Inc. and the Company's transition toward a leaner, more asset-light operating model.</p> <p align="justify">For the fiscal third quarter of 2026, revenue from continuing operations was <strong>$3.5 million</strong>, gross profit was <strong>$0.8 million</strong>, and gross margin was <strong>21.6%</strong>. Total operating expenses declined to <strong>$1.9 million</strong>, compared with <strong>$5.6 million</strong> in the fiscal second quarter of 2026 and <strong>$7.2 million</strong> in the prior-year quarter.</p> &lt