iPower Inc.

Good afternoon, everyone, and thank you for participating in today's conference call to discuss iPower's financial results for its fiscal second quarter 2025, ended December 31st, 2024. Joining us today are iPower's chairman and CEO, Mr. Lawrence Tan, and the company's CFO, Mr. Kevin Vasily. Mr. Vasily, please go ahead.

Thank you, Josh. Good afternoon, everyone. By now, everyone should have access to our fiscal second quarter 2025 earnings press release, which was issued earlier today at approximately 4 or 5 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 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 only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans, strategies, projections, anticipated events and trends, the state of the economy, and other future conditions. Because forward-looking statements relate to the future, they're subject to inherent uncertainties, risks, changes, and circumstances that are difficult to predict, and many of which are outside of 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-K, which was filed with the SEC on September 20th, 2024. We do not place undue reliance on any of the forward-looking statements, which are being made only as of the date of this call. Except as required by law, the company undertakes no obligation to revise or publicly release the results of any revision to any forward-looking statements. Our presentation today also includes certain non-GAAP financial measures, including adjusted net income, EPS, as supplemental measures of performance of our business. All non-GAAP measures have been reconciled to the most directly comparable GAAP measures in accordance with SEC rules. You'll find reconciliation tables and other important information in the earnings press release and Form 8K we furnished to the SEC this afternoon. With that, I would now like to turn the call over to iPower's Chairman and CEO, Lawrence Tan. Lawrence?

Thank you, Kevin. And good afternoon, everyone. We delivered strong results across all key financial metrics in our fiscal second quarter, while further enhancing our super suite platform. Throughout the quarter, we continued to optimize operations and strengthen our presence across both our established and emerging sales channels. We also remain focused on supply chain diversification by exploring new supplier relationships beyond our existing network, reinforcing our commitment to build a more resilient and adaptable infrastructure. Our super-sweet platform is gaining further momentum as we drive sales growth for partners with innovative product catalogs. Additionally, the platform offers strategic insights that enhance our operational efficiency and competitive positioning in the market. SuperSuite's continued revenue acceleration underscores the value we bring through our expertise in supply chain management, fulfillment, and merchandising. As we advance our pipeline of prospective partners, we are focused on scaling SuperSuite's capabilities and we anticipate it will grow as a larger share of our overall revenue mix. This quarter, we took meaningful steps to strengthen SuperSuite by integrating critical functions from value-added partners across logistics, merchandising, and data analytics to optimize our service offerings. These enhancements reinforce our commitment to fostering a fully connected ecosystem where all partners collaborate towards a common goal that is driving sales in both U.S. and international market. By creating seamless integration across the supply chain, We empower our partners with the tools to expand efficiently, navigate shifting market dynamics, and optimize their operations for long-term success. This collaborative approach positions SuperSuite as a leading comprehensive solution for today's evolving e-commerce and supply chain landscape. We continue to make steady progress with our recently launched SuperSuite supplier portal as well, refining its capabilities to enhance supplier collaboration and streamline operations. This platform is designed to optimize supplier interactions by providing data insights, facilitating access to multiple sales channels, improving shipment efficiency, and enables seamless collaboration on merchandising strategies. As part of our ongoing innovation efforts, we are actively researching artificial intelligence applications to further enhance the platform's predictive analytics, automate routine processes, and provide smarter decision-making tools. Integrating these advanced features will enable us to foster stronger engagement between our suppliers, internal teams, and partners while driving greater efficiency across the supply chain. We have always prioritized diversifying our revenue streams as evidenced by the launch of SuperSuite and our continued expansion into new sales channels like AliExpress. Our approach to channel expansion is strategic, focusing on strengthening our presence on our established channels like Amazon, where we have a proven sales track record and well-defined operational processes. At the same time, we continue to build momentum on other channels like TikTok, which offer access to younger demographics, and the growing social commerce space, and TEMO, which unlocks new avenues for brand exposure and sales growth in rapidly expanding marketplaces. Our commitment to expanding across these diverse channels underscores our commitment to providing a comprehensive multi-channel solution that enables our partners to reach and engage customers both in the US and globally with greater efficiency and scale. At the operating level, our ongoing efforts to optimize our cost structure have delivered meaningful results as we continue to drive cross-margin expansion and operating leverage in our business. We also have officially shuttered our legacy commercial hydroponics business, as we are now focused on our core competency as a data-driven, technology-driven consumer products and services company. As we have mentioned before, we are continuing to benefit from a healthier supply chain, which enables us to operate with lower level of inventory and lead times have normalized compared to recent years. As of December 31st, 2024, we reduced our inventory level by approximately 12% compared to June 30, 2024. As we often say, we remain committed to enhancing operational efficiency and building a more resilient, adaptable supply chain. A key part of the strategy is our ongoing effort to diversify our supplier network, reducing dependency on any single region, and strengthening our ability to navigate global supply chain fluctuations. Last quarter, we took a significant step forward by expanding our manufacturing base to Vietnam. our source strategy for both customers and partners. As we further diversify and begin generating sales with these two suppliers, we expect to see meaningful benefits, including lower production and logistics costs. Our optimized supply chain will also be able to react more quickly to involving microchanges, reducing our exposure to elevated lead times, costs, and potentially input restrictions. These enhanced efficiencies will enable us to offer more competitive pricing, strengthen our margins, and position iPower for long-term, sustainable growth. We plan to continue identifying new supplier partnerships to further optimize our cost structure and ensure a robust, flexible supply chain that supports our growing business. Looking ahead, we are well positioned to build on our momentum and and execute our strategical initiatives. We will continue expanding our sales channels while further investing in SuperSuite to enhance its capabilities and drive greater value for our partners. We are committed to strengthening every aspect of our supply chain, ensuring a resilient, efficient infrastructure that supports the evolving demand of e-commerce, supply chain management, and logistics. By leveraging our deep expertise in supply chain optimization, warehousing, and merchandising, we are well-positioned to drive long-term growth for both our power and our partners. As we move forward, we will stay agile adapt into market dynamics, and capitalize on potential M&A opportunities as we inform our position as a leader in end-to-end supply solutions. I will now turn the call over to our CFO, Emma Zachary, to give you some of our financial results in more detail.