Welcome to our dedicated page for Ipower news (Ticker: IPW), a resource for investors and traders seeking the latest updates and insights on Ipower stock.
iPower Inc. (NASDAQ: IPW) is a technology- and data-driven online retailer and e-commerce services company whose news flow reflects activity across digital retail, supply chain initiatives, capital structure decisions, and a growing digital asset strategy. As an electronic shopping business in the retail trade sector, its updates often combine operational developments with financial and strategic disclosures.
Readers of iPower news can expect regular coverage of earnings announcements and financial results, where the company reports the mix of product sales and service income and discusses cost optimization, supply chain changes, and margin dynamics. These releases are typically accompanied by management commentary on strategic priorities, such as transitioning away from a China import–centric model, scaling a U.S. joint-venture manufacturing line, and expanding SuperSuite supply chain offerings.
News items also highlight iPower’s role as a channel partner for international brands and merchants. The company has announced partnerships with organizations such as TCL Smart Home Technology and Zyla by Ant International, describing how its platform capabilities support the expansion of their clients’ online sales presence in the United States. Such announcements provide insight into how iPower positions its marketplace experience and operational execution for cross-border commerce.
A distinct stream of news focuses on iPower’s Digital Asset Treasury and broader crypto strategy. Press releases have detailed a convertible note financing facility, initial purchases of Bitcoin and Ethereum through BitGo, and the company’s emphasis on long-term, governance-focused digital asset exposure. Additional disclosures cover capital structure adjustments, including repayment of an asset-based lending facility, use of bridge financing, and a reverse stock split undertaken in connection with Nasdaq listing requirements.
Investors and observers can use this news page to follow how iPower’s e-commerce operations, partnerships, manufacturing initiatives, and digital asset activities evolve over time, and how management describes the company’s efforts to strengthen its financial position and strategic platform.
iPower Inc. (IPW) reported a remarkable 52% increase in fiscal Q2 revenue, reaching $17.1 million and driven by strong in-house branded product sales, which surged 72%. Gross profit rose 53% to $7.6 million, with a gross margin of 44.1%. Net income also improved 39% to $0.8 million or $0.03 per share. Despite challenges in the supply chain, management is optimistic about growth initiatives like the launch of the Flourish nutrient line and expansion into Europe. However, total long-term debt increased to $7.4 million.
iPower Inc. (Nasdaq:IPW) announced a joint venture with a social media marketing company to create Global Social Media LLC, aimed at developing a social commerce platform. iPower will invest $100,000 for a 60% equity stake, leveraging the partners' social media expertise to enhance its brand visibility via TikTok and other channels. CEO Lawrence Tan emphasized the potential of social commerce and its alignment with iPower’s strategic goals for growth in the e-commerce industry.
iPower Inc. (Nasdaq:IPW) will host a conference call on February 14, 2022, at 4:30 p.m. Eastern time to discuss its financial results for the fiscal second quarter ended December 31, 2021. The results will be released prior to the call, which will also include a question-and-answer segment. Investors can join via a toll-free number or watch the live webcast. iPower specializes in hydroponic equipment and accessories, providing a vast selection on its platform, zenhydro.com.
iPower Inc. (Nasdaq:IPW) has launched a joint venture with Titanium Plus Autoparts, creating Box Harmony LLC, a full-service e-commerce logistics company. iPower is investing $50,000 for a 40% equity stake with an option to increase to 60%. The venture aims to enhance iPower's logistics capabilities, supporting growth in the e-commerce market and optimizing supply chain efficiencies for its hydroponic equipment business. The partnership became effective on January 14, 2022.
iPower Inc. (Nasdaq:IPW) has announced its expansion into the European market with the successful delivery of hydroponic equipment to Amazon for consumers in the UK and Germany. The order, including trimming devices and air filtration systems, represents iPower's entry into a developing market with long-term growth potential. CEO Lawrence Tan emphasized the importance of establishing a strong presence in these populous countries, viewing them as significant opportunities for market share and brand awareness. The sale was recognized in the fiscal second quarter ended December 31, 2021.
iPower Inc. (Nasdaq:IPW) has launched its new "Flourish" line of nutrient products available on Amazon. This initial release includes six SKUs covering various categories, such as cloning gels and plant fertilizers. CEO Lawrence Tan indicated that this move will enhance revenue and margins, as nutrient sales account for approximately 20% of total revenue, previously reliant on third-party brands. The company will also increase advertising on Amazon and expand product availability through other partners.
iPower Inc. (Nasdaq:IPW) has secured a $25 million revolving credit facility with JPMorgan Chase Bank, which includes an option for an additional $25 million, totaling $50 million. This facility will bolster iPower's capital structure, enhancing growth and strategic initiatives. CEO Lawrence Tan noted this will aid in product research and the launch of new in-house SKUs, including a nutrient brand. Borrowings will incur interest at LIBOR plus 2.0%-2.25%, dependent on eligible accounts receivable and inventory.
iPower Inc. announced a 16% revenue increase to $17.4 million for fiscal Q1 2022, driven by strong in-house product sales that grew by 21%. Gross profit rose by 31% to $7.3 million, with gross margin expanding by 490 basis points to 42.1%. Net income increased 17% to $0.89 million. The company also noted challenges from supply chain disruptions but anticipates lower shipping costs in fiscal Q2. Total operating expenses were $6.0 million, up from $4.5 million.
iPower Inc. (Nasdaq:IPW) will host a conference call on November 11, 2021, at 4:30 p.m. ET to discuss its financial results for the fiscal first quarter ending September 30, 2021. The results will be released in a press release before the call. Participants can join via toll-free number (888) 705-0179 or international dial-in (409) 981-0009 using Conference ID 5848879. The call will also be available for replay on iPower's website. iPower is a leading online retailer of hydroponic equipment in the U.S.
iPower (Nasdaq:IPW) reported its fiscal Q4 and year-end results for June 30, 2021, showing total revenue of $14.7 million, a slight increase year-over-year. While gross profit fell slightly to $6.5 million, net loss reached $(1.9) million compared to a net income of $1.2 million in Q4 2020. Notably, FY 2021 revenue increased 35% to $54.1 million with 51% growth in gross profit. The company expects continued growth in FY 2022, targeting 25% organic revenue growth despite a volatile cost environment.
FAQ
What is the current stock price of Ipower (IPW)?
What is the market cap of Ipower (IPW)?
