iPower Inc. (IPW) reported on February 14, 2022, that its fiscal Q2 revenue was up 52% to $17.1M. The jump was driven by accelerated growth of in-house branded products. iPower Inc. is one of the leading online hydroponic equipment suppliers and retailers.
Fiscal Results Q2 2022 vs. Q2 2021
Total revenue increased 52% to $17.1MGross profit increased 53% to $7.6M. As a percentage of revenue, gross margin was 44.1% compared to 44.0%Net income increased 39% to $0.8M or $0.03/share
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