Bitcoin Treasury Strategy to Anchor New Business FocusRANCHO CUCAMONGA, Calif., June 17, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a technology-driven eCommerce and supply chain platform, today announced a major strategic shift approved by its Board of Directors. The Company intends to reposition itself as a crypto treasury and blockchain infrastructure services company, with an initial and central emphasis on building a Bitcoin treasury strategy as a foundational compo ...

Core Insights - iPower Inc. has announced a strategic partnership with Borg Rise U.S. to enhance its omnichannel presence through influencer-driven and content-based sales models on platforms like TikTok, Instagram, and YouTube [1][3] - The collaboration aims to leverage Borg Rise U.S.'s network of content creators and livestreaming infrastructure to create innovative social commerce campaigns that enhance consumer engagement and conversion [2][5] Company Overview - iPower Inc. is a tech and data-driven online retailer providing value-added eCommerce services, with capabilities including a full spectrum of online channels, robust fulfillment capacity, and a nationwide warehouse network [4] - Borg Rise U.S. focuses on livestreaming, influencer marketing, and cross-border social commerce, empowering brands through immersive digital experiences [5] Strategic Goals - The partnership will co-develop influencer campaigns, live selling initiatives, and digital storefronts to enhance iPower's service offerings in social commerce [7] - The collaboration will utilize content performance data to improve targeting and personalization, helping emerging brands scale through creator ecosystems [7]

Joint Venture Represents First Major Step in U.S.-Based ManufacturingRANCHO CUCAMONGA, Calif., June 06, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven ecommerce services provider and online retailer, today announced the formation of United Package NV LLC (“United Package”), a new joint venture (“JV”) that marks the first full-scale implementation of its “Made in USA” module within the Company’s proprietary SuperSuite Supply Chain Platform. This milesto ...

iPower (IPW) Q3 2025 Earnings Call May 15, 2025 04:30 PM ET Company Participants Kevin Vassily - Chief Financial OfficerChenlong Tan - Co-Founder, Chairman, CEO, President & SecretaryKunal Madhukar - Managing Director Operator Good afternoon, everyone, thank you for participating in today's conference call to discuss iPower's financial results for its fiscal third quarter twenty twenty five ending 03/31/2025. Joining us today are iPower's Chairman and CEO, Mr. Lawrence Tan and the company's CFO, Mr. Kevin V ...

iPower (IPW) Q3 2025 Earnings Call May 15, 2025 04:30 PM ET Speaker0 Good afternoon, everyone, thank you for participating in today's conference call to discuss iPower's financial results for its fiscal third quarter twenty twenty five ending 03/31/2025. Joining us today are iPower's Chairman and CEO, Mr. Lawrence Tan and the company's CFO, Mr. Kevin Vasily. Mr. Vasily, please go ahead. Speaker1 Thank you, Victor, and good afternoon, everyone. By now, everyone should have seen the release of our fiscal thir ...

Core Viewpoint - iPower Inc. reported a decline in total revenue for the fiscal third quarter of 2025, primarily due to lower product sales to its largest channel partner, while the SuperSuite business showed growth and now represents approximately 20% of total revenue [4][3]. Financial Results - Total revenue for Q3 2025 was $16.6 million, down from $23.3 million in Q3 2024, reflecting a decrease in product sales [4][8]. - Gross profit decreased to $7.2 million from $10.4 million year-over-year, with a gross margin of 43.3% compared to 44.5% in the previous year [5][8]. - Operating expenses improved by 15% to $7.4 million from $8.8 million in Q3 2024, driven by lower general and administrative costs [6][8]. - The net loss attributable to iPower was $0.3 million or $(0.01) per share, compared to a net income of $1.0 million or $0.03 per share in Q3 2024 [7][8]. Management Commentary - The CEO highlighted efforts to diversify the supply chain by expanding manufacturing into the U.S. and building relationships with alternative suppliers [3]. - The CFO noted a 10% improvement in operating expenses and a nearly 20% reduction in total debt obligations during the quarter [3]. Business Segment Performance - The SuperSuite business is gaining traction, contributing approximately 20% to total revenue, indicating strong demand for end-to-end supply chain solutions [3].