Core Insights - iPower Inc. has successfully shipped its first purchase order from Vietnam, marking a significant milestone in its supply chain diversification strategy [1][2][5] - The company aims to reduce production and logistics costs through this expansion, which will allow for more competitive pricing and improved margins [3][4] - iPower is committed to building a resilient global supply chain by collaborating with manufacturers in Vietnam and exploring new sourcing opportunities [4][5] Supply Chain Diversification - The initial purchase order was shipped in September, with additional shipments planned for the coming months, indicating a proactive approach to supply chain management [2] - By diversifying its supply chain, iPower seeks to enhance stability and efficiency while minimizing reliance on specific regions [2][4] Cost-Saving Opportunities - The expansion into Vietnam is expected to yield meaningful cost savings, which will benefit the company's pricing strategy and overall financial performance [3] - Lower production and logistics expenses are anticipated to improve margins, contributing to long-term sustainable growth [3] Strategic Vision - iPower's CEO emphasized the importance of this shipment as a critical step towards greater efficiency and long-term stability [5] - The company is focused on strengthening its supply chain through future shipments and strategic partnerships, reinforcing its competitive position in the marketplace [5]

RANCHO CUCAMONGA, Calif., Oct. 14, 2024 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) ("iPower" or the "Company"), a tech and data-driven ecommerce services provider and online retailer, today announced the expansion of SuperSuite's U.S. sales channels with its launch on AliExpress. This addition further expands the Company's reach and provides supply chain partners access to another major U.S. marketplace. AliExpress joins iPower's growing list of U.S. sales channels, which includes platforms such as Amazo ...

Group 1 - iPower Inc. (IPW) stock closed at $1.64, with a 0.31% increase from the previous trading day, underperforming the S&P 500's gain of 0.97% [1] - The stock has increased by 38.56% over the past month, outperforming the Consumer Discretionary sector's gain of 6.03% and the S&P 500's gain of 5.41% [1] Group 2 - iPower Inc. is expected to report an EPS of $0.02, reflecting a 150% growth year-over-year, while revenue is forecasted at $20.9 million, indicating a 21.16% decline compared to the same quarter last year [2] - For the entire year, earnings are projected at $0.13 per share and revenue at $92.3 million, showing increases of 1400% and 7.24% respectively compared to the previous year [3] Group 3 - Recent changes in analyst estimates for iPower Inc. indicate positive sentiment towards the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks iPower Inc. as 1, suggesting strong potential for stock performance [6] Group 4 - iPower Inc. has a Forward P/E ratio of 12.58, which is lower than the industry's Forward P/E of 14.35, indicating a valuation discount [7] - The Consumer Products - Discretionary industry, part of the Consumer Discretionary sector, holds a Zacks Industry Rank of 61, placing it in the top 25% of over 250 industries [7]

Core Insights - iPower Inc. has announced a partnership with Zyla, a multi-currency financial account service, to enhance sales opportunities for Zyla's clients in U.S. online marketplaces through iPower's SuperSuite platform [1][2] - This collaboration marks the first step towards integrating supply chain financial services within iPower's SuperSuite, aiming to provide comprehensive support to supply chain partners [1][2] Company Overview - iPower Inc. is a tech and data-driven ecommerce services provider and online retailer, offering a full spectrum of online channels, robust fulfillment capacity, and a differentiated business intelligence platform [5] - The company aims to efficiently move a diverse catalog of SKUs from supply chain partners to end consumers, providing value to customers in the U.S. and other countries [5] Partnership Details - The partnership with Zyla allows iPower to assist Zyla's clients in expanding their reach into key U.S. online marketplaces, thereby attracting new supply chain partners and driving growth in the SuperSuite platform [2] - Zyla is the first financial services provider partner for iPower, indicating a strategic move towards offering integrated financial services [2] Leadership Engagement - iPower's CEO, Lawrence Tan, delivered keynote speeches at Seller Conferences in Shanghai and Ningbo, discussing the capabilities of the SuperSuite platform in revolutionizing supply chain management and driving ecommerce growth [3][4] - The CEO emphasized the importance of providing Zyla's clients with efficient pathways to enter the U.S. market while attracting additional supply chain partners [4]

RANCHO CUCAMONGA, Calif., Oct. 01, 2024 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) ("iPower" or the "Company"), a tech and data-driven online retailer, as well as a provider of value-added ecommerce services, today announced the launch of its SuperSuite Supplier Portal. This new online platform is a pivotal part of iPower's SuperSuite services, enhancing operational efficiency and fostering seamless collaboration with its supply chain partners. The SuperSuite Supplier Portal is designed to streamline int ...

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" approach, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Fast-moving trending stocks can be difficult to enter at the right time, as they may lose momentum if future growth does not justify their high valuations [2] - A safer strategy involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: iPower Inc. (IPW) Analysis - iPower Inc. (IPW) has shown a significant price increase of 42.6% over the past four weeks, indicating strong investor interest [4] - The stock has gained 1.7% over the past 12 weeks and has a high beta of 4, suggesting it moves 300% more than the market in either direction [5] - IPW has a Momentum Score of A, indicating a favorable time to invest based on its momentum [6] Group 3: Earnings and Valuation - An upward trend in earnings estimate revisions has contributed to IPW earning a Zacks Rank 1 (Strong Buy), which is associated with strong momentum effects [7] - IPW is trading at a Price-to-Sales ratio of 0.67, suggesting it is undervalued as investors pay only 67 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides IPW, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting additional investment opportunities [8] - Various Zacks Premium Screens are available to help identify potential winning stock picks based on different investing styles [9]

IPower Inc. (IPW) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.10 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 200%. A quarter ago, it was expected that this company would post a loss of $0.06 per share when it actually produced earnings of $0.05, delivering a surprise of 183.33%. Over the last four quarters, the company has surpass ...

Exhibit 99.1 iPower Reports Fiscal Fourth Quarter and Full Year 2024 Results Optimization Initiatives Drive Material Gross Margin Expansion and Second Consecutive Quarter of Profitability iPower Management to Host Conference Call Today at 4:30 p.m. Eastern Time RANCHO CUCAMONGA, CA, September 19, 2024 -- iPower Inc. (Nasdaq: IPW) ("iPower" or the "Company"), a tech and datadriven online retailer and supplier of consumer home, pet and garden products, as well as a provider of value-added ecommerce services, ...

Optimization Initiatives Drive Material Gross Margin Expansion and Second Consecutive Quarter of Profitability iPower Management to Host Conference Call Today at 4:30 p.m. Eastern Time RANCHO CUCAMONGA, Calif., Sept. 19, 2024 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) ("iPower" or the "Company"), a tech and data-driven online retailer and supplier of consumer home, pet and garden products, as well as a provider of value-added ecommerce services, today announced its financial results for the fiscal fourth ...

In the latest trading session, iPower Inc. (IPW) closed at $1.29, marking a -1.53% move from the previous day. This change lagged the S&P 500's daily gain of 0.75%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 1%. The company's stock has dropped by 5.07% in the past month, falling short of the Consumer Discretionary sector's gain of 8.75% and the S&P 500's gain of 4.03%. The investment community will be closely monitoring the performance of iPower Inc ...