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Income Statement
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iPower Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsJun-30-22Jun-30-21Jun-30-20
   10-K10-K10-K
Revenues  79.454.139.9
            Revenue growth  46.9%35.4% 
Cost of goods sold  46.231.324.8
Gross profit  33.222.815.1
            Gross margin  41.8%42.2%37.9%
Selling, general and administrative   [+]30.919.912.2
EBITDA   [+]2.63.0 
            EBITDA margin  3.3%5.5%7.3%
Depreciation  0.00.0 
EBITA  2.63.02.9
            EBITA margin  3.2%5.5%7.3%
Amortization of intangibles  0.2  
EBIT   [+]2.33.02.9
            EBIT margin  2.9%5.5%7.3%
Interest expense  0.50.20.2
Other income (expense), net   [+]0.2-2.80.0
Pre-tax income  2.10.02.8
Income taxes  0.60.80.8
            Tax rate  27.1% 28.0%
Minority interest  0.0  
Net income  1.5-0.82.0
            Net margin  1.9%-1.4%5.0%
   
Basic EPS   [+]$0.05($0.04)$0.10
Diluted EPS   [+]$0.05($0.04)$0.10
   
Shares outstanding (basic)   [+]27.821.120.1
Shares outstanding (diluted)   [+]27.821.120.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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