iPower FY26 Q3 GAAP net loss widens to $3.5 million; operating expenses drop 66% sequentially

• iPower posted a GAAP net loss attributable to shareholders of USD 3.5 million, or USD 2.38 per basic share, for fiscal third-quarter 2026.
• Non-GAAP net loss narrowed to USD 263,234, or USD 0.18 per share, from USD 732,847 a year earlier.
• Revenue from continuing operations was USD 3.5 million, while operating expenses fell 66% sequentially to USD 1.9 million.
• The GAAP net loss primarily reflected a USD 3 million non-cash goodwill impairment that eliminated the remaining goodwill balance.
• Following quarter end, a sublease is expected to generate more than USD 2.6 million of contracted income through May 2028, while the company launched an AI infrastructure strategy using part of its USD 30 million financing facility, including an initial commitment of up to USD 3 million to purchase sUSDai.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. iPower Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605201700PRIMZONEFULLFEED9724189) on May 20, 2026, and is solely responsible for the information contained therein.