RTTNews | Jun 24, 2021 06:13PM EDT

18:13 Thursday, June 24, 2021 (RTTNews.com) - Shares of hydroponic equipment retailer iPower Inc. (IPW) are up 9 percent in Thursday's after-market trade despite the company reporting a loss in the third quarter.

The company posted third-quarter net loss of $206 thousand, compared to net income of $220 thousand in the same period last year. The income before Taxes and Net Income were negatively impacted by non-cash charges associated with the accounting treatment of convertible notes and warrant liabilities in the quarter.

Revenue grew by 34.4 percent to $13.1 million in the quarter from $9.8 million in the quarter a year ago.

iPower closed Thursday's trade at $6.91, down $0.20 or 2% on the NYSE. In after-market trade, the shares up 9% or $0.66 to $7.57.

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