iPower Inc. (NASDAQ:IPW) Q1 2025 Results Conference Call November 14, 2024 4:30 PM ET
Company Participants
Lawrence Tan - Chairman and Chief Executive Officer
Kevin Vassily - Chief Financial Officer
Conference Call Participants
Thierry Wuilloud - Water Tower Research
Operator
Good afternoon, everyone, and thank you for participating in today's Conference Call to Discuss iPower's Financial Results for its Fiscal First Quarter 2025 Ended September 30, 2024.
Joining us today are iPower's Chairman and CEO, Mr. Lawrence Tan; and the Company's CFO, Mr. Kevin Vassily. Mr. Vassily, please go ahead.
Kevin Vassily
Thank you, Liz. Good afternoon, everyone. By now, everyone should have access to our fiscal first quarter 2025 earnings press release, which was issued earlier today at approximately 4:05 p.m. Eastern Time. The release is available in the Investor Relations section of our website at meetipower.com. This call will also be available for webcast replay on our website. Following our prepared remarks, we'll open the call for your questions.
Before I introduce Lawrence, I'd like to remind listeners that certain comments made on this conference call and webcast are considered forward-looking statements under the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the state of the economy and other future conditions.
Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, and many of which are outside our control. Our actual results and financial condition may differ materially from those indicated in these forward-looking statements.
These forward-looking statements are also subject to other risks and uncertainties that are described from time to time in the Company's filings with the SEC, including our annual report on Form 10-Ks, which was filed with the SEC today, November 14, 2024.
Do not place undue reliance on any forward-looking statements, which are being made only as of this date. Except as required by law, the Company undertakes no obligation to revise or publicly release the results of any revision to forward-looking statements.
With that, I'd now like to turn the call over to iPower’s Chairman and CEO, Lawrence Tan. Lawrence?
Lawrence Tan
Thank you, Kevin, and good afternoon, everyone. We maintained a solid momentum in the third quarter, while continuing to refine our cost structure, leading to year over year gross margin expansion and a reduction in operating expenses.