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Ipower Inc - IPW STOCK NEWS

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 prominent online retailer and supplier of hydroponic equipment and accessories in North America. The company primarily operates through its own website and partners with major online channels, including Amazon, Walmart, and eBay. iPower Inc. stands out in the industry for its comprehensive range of products designed to support the cultivation of plants in controlled environments.

In Fiscal Q1 2024, iPower reported notable financial results compared to the same period in 2023. The management has scheduled a conference call to discuss these results in more detail, which will be held on Tuesday, November 14, 2023, at 4:30 p.m. Eastern time. Interested parties can register for the dial-in or live webcast via the provided links.

Further enhancing its market presence, iPower has formed a strategic partnership with Datasea Inc. (Nasdaq: DTSS), a leader in digital technology solutions, focusing on acoustic high tech and 5G-AI communication technology. This collaboration aims to boost product distribution within the US online market, leveraging Datasea's advanced technology and iPower's robust eCommerce platform. iPower Inc. will promote and distribute Datasea's innovative acoustic intelligence products, aiming to enhance the customer experience and drive growth for both companies.

iPower's commitment to quality is evident in its carefully curated product lines, which cater to both novice and experienced growers. The company's dedication to customer satisfaction is reflected in its strong logistics capabilities, ensuring timely delivery and exceptional service.

With a focus on continuous improvement and market expansion, iPower is poised to capitalize on emerging opportunities in the hydroponic industry. The company's strategic initiatives, including its partnership with Datasea, underscore its dedication to innovation and excellence.

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iPower Inc. (Nasdaq: IPW) announced record quarterly revenue for its fiscal first quarter ended September 30, 2023, driven by growth in its SuperSuite supply chain business. Total revenue increased 2% to $26.5 million, while gross profit increased 18% to $11.8 million, and net loss attributable to iPower improved 69% to $1.3 million. The Company also reduced its net debt by 48% to $4.3 million. Management highlighted the strong sales of non-hydroponic products and the annualized revenue run-rate of approximately $7.0 million from the SuperSuite supply chain partnerships.
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iPower Inc. will host a conference call on November 14, 2023, to discuss its financial results for the fiscal first quarter ended September 30, 2023. The call will be followed by a Q&A session. The conference call will be available for replay on the company's website.
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iPower Inc. to participate in Water Tower Research Fireside Chat Series
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iPower Inc. to present at 16th Annual LD Micro Invitational and host one-on-one meetings
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iPower Inc. reports fiscal 2023 revenue of $88.9 million, up 12% YoY, with cash flow from operations of $9.2 million. Gross profit increased 5% to $34.8 million. Net loss attributable to iPower was $12.0 million. Cash and cash equivalents were $3.7 million. Total debt reduced to $11.8 million. iPower expects improved gross margin in fiscal 2024.
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iPower Inc. will host a conference call on September 14, 2023, to discuss financial results for Q4 and full year ended June 30, 2023.
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iPower Inc. announces CFO's participation in Water Tower Research Fireside Chat Series on August 21, 2023 at 2:00 p.m. ET. The chat will cover the development of the new Business Services offering, the menu of services offered, and the target market and pipeline of prospects.
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FAQ

What is the current stock price of Ipower (IPW)?

The current stock price of Ipower (IPW) is $0.61 as of February 25, 2025.

What is the market cap of Ipower (IPW)?

The market cap of Ipower (IPW) is approximately 20.3M.

What does iPower Inc. do?

iPower Inc. is an online retailer and supplier of hydroponic equipment and accessories in North America.

Where does iPower sell its products?

iPower sells its products through its own website and online channels like Amazon, Walmart, and eBay.

What recent partnership has iPower entered into?

iPower has partnered with Datasea Inc. to distribute advanced acoustic intelligence products in the US online market.

When is iPower's next financial results conference call?

The next financial results conference call is scheduled for Tuesday, November 14, 2023, at 4:30 p.m. Eastern time.

What type of products does iPower offer?

iPower offers a wide range of hydroponic equipment and accessories designed for plant cultivation in controlled environments.

How does iPower ensure customer satisfaction?

iPower ensures customer satisfaction through strong logistics capabilities, timely delivery, and exceptional service.

What is the significance of iPower's partnership with Datasea?

The partnership aims to enhance product distribution and customer experience by combining Datasea's technology with iPower's eCommerce platform.

Who is the CEO of iPower Inc.?

The CEO of iPower Inc. is Lawrence Tan.

What are iPower's key markets?

iPower's key markets are primarily in North America, focusing on online retail channels.

How does iPower support hydroponic growers?

iPower supports hydroponic growers by offering a comprehensive range of high-quality equipment and accessories, suitable for both beginners and experts.
Ipower Inc

Nasdaq:IPW

IPW Rankings

IPW Stock Data

20.35M
13.11M
58.33%
2.85%
0.71%
Internet Retail
Retail-building Materials, Hardware, Garden Supply
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United States
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