iPower delays annual report filing, seeks 15-day extension for fiscal 2026 10-K
Bitget2026/09/28 20:10- iPower filed a late notice for its annual Form 10-K for the fiscal year ended June 30, 2026.
- Audit review and confirmation work was not completed in time, citing unreasonable effort or expense to meet the deadline.
- Management expects to file within the 15-day extension period under SEC Rule 12b-25.
- Preliminary results indicate a net loss of about $11.6 million, versus about $5 million a year earlier.
- The wider loss was tied to lower revenue and gross profit, goodwill impairment, and losses on convertible notes and digital assets.
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