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iPower slashes costs 28%, sells GPM, starts $2M buyback
iPower (NASDAQ: IPW) reported fiscal Q2 2026 results, showing a 28% year-over-year reduction in operating expenses to $5.6 million and a gross margin of 44.0% despite a revenue decline to $7.1 million due to strategic supply chain restructuring. The company also implemented a Digital Asset Treasury strategy, completed a $2.3 million divestiture of Global Product Marketing Inc. (GPM) post-quarter, and authorized a $2 million share repurchase program, signaling confidence in its financial position.