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Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>iPower reported $26.5 million in revenue in 1QFY24, its highest quarterly revenue ever, compared with $26.0 million in 1QFY23.</li><li>The company’s performance was helped by business generated by its SuperSuite supply chain partnerships, currently on a $7 million annual run rate.</li><li>The company’s TikTok Shop sales also contributed to the solid sales results.</li></ul>

iPower reported $26.5 million in revenue in 1QFY24, its highest quarterly revenue ever, compared with $26.0 million in 1QFY23.The company’s performance was helped by business generated by its SuperSuite supply chain partnerships, currently on a $7 million annual run rate.The company’s TikTok Shop sales also contributed to the solid sales results.

IPower, Inc. - Solid Start to FY24; Demonstrates Several Avenues for Further Growth

<div><div><div><div><ul style="list-style-type: disc;"><li><p>iPower reported 4Q23 and FY23 revenue of $23.4 million and $88.9 million, respectively, up 6% and 12% versus last year’s results.</p></li><li><p>The company reported a loss per share of $0.10 for the quarter, and a loss per share of $0.40 for the year, reflecting the unusual transportation and warehousing expenses experienced as a result of last year’s supply chain disruption.</p></li><li><p>Inventories declined from $30.4 million at the end of FY22 to $20.6 million, with management targeting a further reduction to about $15 million. </p></li></ul></div></div></div></div>

iPower reported 4Q23 and FY23 revenue of $23.4 million and $88.9 million, respectively, up 6% and 12% versus last year’s results.The company reported a loss per share of $0.10 for the quarter, and a loss per share of $0.40 for the year, reflecting the unusual transportation and warehousing expenses experienced as a result of last year’s supply chain disruption.Inventories declined from $30.4 million at the end of FY22 to $20.6 million, with management targeting a further reduction to about $15 million. 

<div><div><div><ul style="list-style-type: disc;"><li><p>iPower CFO Kevin Vassily joined the Water Tower Hour to discuss the company’s business and existing and new business opportunities for FY24.</p></li><li><p>A return to bottom-line profitability and the development of the new Business Services segment will be the focus for the company in FY24.</p></li><li><p>iPower is an e-commerce platform operating as an online retailer and supplier of home goods, hydroponics, pet, and wellbeing products. </p></li></ul></div></div></div>

iPower CFO Kevin Vassily joined the Water Tower Hour to discuss the company’s business and existing and new business opportunities for FY24.A return to bottom-line profitability and the development of the new Business Services segment will be the focus for the company in FY24.iPower is an e-commerce platform operating as an online retailer and supplier of home goods, hydroponics, pet, and wellbeing products. 

IPower, Inc. - Water Tower Hour Recap: A Conversation with CFO Kevin Vassily

<div><div><div><div><ul style="list-style-type: disc;"><li><p>iPower has built a growing, efficient e-commerce platform to market a wide range of home and commercial goods, including hydroponics supplies, fans, shelving systems, pet supplies, and furniture.</p></li><li><p>The company has multiple product expansion opportunities, setting the business up for continued strong long- term top-line growth.</p></li><li><p>iPower leverages extensive data analytics at every step of the value chain to optimize its processes, from product conception and design, to sourcing, logistics, and marketing. </p></li></ul></div></div></div></div>

iPower has built a growing, efficient e-commerce platform to market a wide range of home and commercial goods, including hydroponics supplies, fans, shelving systems, pet supplies, and furniture.The company has multiple product expansion opportunities, setting the business up for continued strong long- term top-line growth.iPower leverages extensive data analytics at every step of the value chain to optimize its processes, from product conception and design, to sourcing, logistics, and marketing. 

IPower, Inc. -Building a Dynamic E-Commerce Home and Commercial Goods Business

United States

iPower, Inc. operates as an online hydroponic equipment supplier. The Company offers products to grow vegetables, fruits and flowers, and other plants. iPower serves customers worldwide.

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iPower (IPW US)

IPower, Inc. - Solid Start to FY24; Demonstrates Several Avenues for Further Growth

iPower reported $26.5 million in revenue in 1QFY24, its highest quarterly revenue ever, compared with $26.0 million in 1QFY23.

Water Tower Research

IPower, Inc. -Reports 4Q23 Results

iPower reported 4Q23 and FY23 revenue of $23.4 million and $88.9 million, respectively, up 6% and 12% versus last year’s results.

Water Tower Research

IPower, Inc. - Water Tower Hour Recap: A Conversation with CFO Kevin Vassily

iPower CFO Kevin Vassily joined the Water Tower Hour to discuss the company’s business and existing and new business opportunities for FY24.

Water Tower Research

IPower, Inc. -Building a Dynamic E-Commerce Home and Commercial Goods Business

iPower has built a growing, efficient e-commerce platform to market a wide range of home and commercial goods, including hydroponics supplies,...

Water Tower Research

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