IPW - iPower Stock

Market Summary

USD0.75+0.02

Market Closed

2.74%

IPW Stock Price

IPW RSI Chart

IPW Valuation

Market Cap

21.6M

Price/Earnings (Trailing)

-2.08

Price/Sales (Trailing)

0.25

EV/EBITDA

-1.57

Price/Free Cashflow

3.59

IPW Price/Sales (Trailing)

IPW Profitability

Operating Margin

39.79%

EBT Margin

-14.38%

Return on Equity

-43.66%

Return on Assets

-17.43%

Free Cashflow Yield

27.87%

IPW Fundamentals

IPW Revenue

Revenue (TTM)

87.6M

Revenue Y/Y

-11.32%

Revenue Q/Q

5.04%

IPW Earnings

Earnings (TTM)

-10.4M

Earnings Y/Y

-229.51%

Earnings Q/Q

53.53%

Price Action

52 Week Range

0.351.45

(Low)(High)

Last 7 days

-5.2%

Last 30 days

-2.6%

Last 90 days

-44.3%

Trailing 12 Months

-13.4%

IPW Financial Health

Current Ratio

1.88

IPW Investor Care

Shares Dilution (1Y)

5.45%

Diluted EPS (TTM)

-0.36

Historical Charts for Stock Metrics

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Net sales

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Latest Insider Trading transactions for IPW

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-07-19	TCHAIKOVSKY BENNET PRICE JR	acquired	-	-	24,800	-
2023-07-19	Liles Kevin	acquired	-	-	24,800	-
2023-06-02	Vassily Kevin	bought	3,400	0.68	5,000	chief financial officer
2023-06-01	TAN CHENLONG	bought	6,790	0.679	10,000	chief executive officer
2023-06-01	Vassily Kevin	bought	3,395	0.679	5,000	chief financial officer
2023-05-31	TAN CHENLONG	bought	6,560	0.656	10,000	chief executive officer
2023-04-19	Li Hanxi	acquired	-	-	51,724	-
2022-10-14	TCHAIKOVSKY BENNET PRICE JR	acquired	-	-	24,800	-
2022-10-14	Liles Kevin	acquired	-	-	24,800	-

Which funds bought or sold IPW recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-08-15	WELLS FARGO & COMPANY/MN	reduced	-6.41	38.00	80.00	-%
2023-08-14	Royal Bank of Canada	new	-	-	-	-%
2023-08-14	VANGUARD GROUP INC	unchanged	-	242,806	473,558	-%
2023-08-14	TWO SIGMA SECURITIES, LLC	new	-	20,818	20,818	-%
2023-08-14	Tower Research Capital LLC (TRC)	reduced	-39.97	1,766	6,766	-%
2023-08-11	GEODE CAPITAL MANAGEMENT, LLC	added	91.87	60,740	81,552	-%
2023-08-11	BlackRock Inc.	reduced	-96.78	-15,834	1,120	-%
2023-08-11	UBS Group AG	sold off	-100	-1,100	-	-%
2023-08-10	Chico Wealth RIA	unchanged	-	141,000	275,000	0.33%
2023-08-10	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%

Latest Funds Activity

Are funds buying IPW calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own IPW

No. of Funds

Recent SEC filings of iPower

View All Filings

Date Filed	Form Type	Document
Sep 15, 2023	S-8 POS	Employee Benefits Plan
Sep 15, 2023	10-K	Annual Report
Sep 14, 2023	8-K	Current Report
Aug 31, 2023	8-K	Current Report
Aug 30, 2023	8-K	Current Report
Aug 02, 2023	4	Insider Trading
Jul 27, 2023	4	Insider Trading
Jul 13, 2023	8-K	Current Report
Jun 29, 2023	8-K	Current Report

iPower News

Returns for IPW

Cumulative Returns on IPW

-28.8%

10-Year Cumulative Returns

-36.0%

7-Year Cumulative Returns

Risks for IPW

What is the probability of a big loss on IPW?

85%

Probability that iPower stock will be more than 20% underwater in next one year

74.6%

Probability that iPower stock will be more than 30% underwater in next one year.

47.7%

Probability that iPower stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does IPW drawdown profile look like?

Y-axis is the maximum loss one would have experienced if iPower was unfortunately bought at previous high price.

Drawdowns

Financials for iPower

Income Statement (Last 12 Months)
(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Last 12 Months)													(In Thousands)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1
Revenue	-2.9%	87,621	90,203	88,074	79,418	72,028	62,354	56,483	54,076	54,008	50,646	52,523	39,938	39,088
Gross Profit	-3.9%	34,866	36,284	35,872	33,200	30,624	27,179	24,569	22,819	22,835	20,230	20,377	15,128	12,638
Operating Expenses	3.9%	46,844	45,073	39,443	30,888	26,579	23,723	21,395	19,858	18,354	16,197	16,136	12,220	11,277
S&GA Expenses	2.1%	12,646	12,383	12,450	11,707	9,838	8,940	7,469	6,384	3,414	3,173	2,484	3,258	6,652
EBITDA	-34.7%	-12,856	-9,544	-4,040	1,883	1,496	319	51.00	-150	3,308	3,618	3,786	2,592	1,122
EBITDA Margin	-38.7%	-0.15*	-0.11*	-0.05*	0.02*	0.02*	0.01*	0.00*	0.00*	0.06*	0.07*	0.07*	0.06*	0.03*
Interest Expenses	-9.2%	-1,031	-945	-706	-458	-271	-179	-127	-153	-234	-200	-235	-168	-104
Earnings Before Taxes	-36.1%	-12,602	-9,261	-3,799	2,064	1,668	482	164	-8.99	3,543	3,819	4,022	2,760	1,227
EBT Margin	-40.1%	-0.14*	-0.10*	-0.04*	0.03*	0.02*	0.01*	0.00*	0.00*	0.07*	0.08*	0.08*	0.07*	0.03*
Net Income	-35.5%	-10,358	-7,645	-3,554	1,518	961	-427	-650	-775	2,320	2,747	2,896	1,987	883
Net Income Margin	-39.5%	-0.12*	-0.08*	-0.04*	0.02*	0.01*	-0.01*	-0.01*	-0.01*	0.04*	0.05*	0.06*	0.05*	0.02*
Free Cashflow	110.1%	6,016	2,863	-11,506	-17,087	-22,772	-23,595	-22,073	-12,818	-5,983	1,333	1,333	1,103	1,026

Balance Sheet
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet										(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q2
Assets	-4.3%	59.00	62.00	77.00	79.00	74.00	46.00	38.00	36.00	24.00	14.00
Current Assets	-5.6%	40.00	43.00	57.00	55.00	52.00	43.00	35.00	32.00	22.00	13.00
Cash Equivalents	-64.5%	1.00	4.00	5.00	2.00	3.00	1.00	1.00	7.00	0.00	1.00
Inventory	-15.5%	20.00	23.00	30.00	30.00	22.00	20.00	30.00	13.00	10.00	6.00
Net PPE	-4.3%	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00
Goodwill	0%	3.00	3.00	3.00	6.00	6.00	-	-	-	-	-
Liabilities	-3.4%	36.00	37.00	49.00	46.00	40.00	20.00	12.00	11.00	20.00	11.00
Current Liabilities	9.0%	21.00	20.00	25.00	23.00	18.00	11.00	11.00	9.00	17.00	10.00
Long Term Debt	-	-	-	-	-	-	0.00	0.00	0.00	0.00	1.00
Shareholder's Equity	-5.6%	24.00	25.00	28.00	32.00	34.00	27.00	26.00	25.00	4.00	3.00
Retained Earnings	-36.4%	-5.74	-4.21	-0.92	3.00	5.00	3.00	3.00	2.00	4.00	3.00
Additional Paid-In Capital	0.4%	29.00	29.00	29.00	29.00	29.00	23.00	23.00	23.00	0.00	0.00
Shares Outstanding	0%	30.00	30.00	30.00	30.00	28.00	26.00	26.00	26.00	20.00	20.00
Minority Interest	-17.2%	-0.02	-0.02	-0.02	-0.01	0.00	-	-	-	-	-

Cashflow (Last 12 Months)
(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Last 12 Months)													(In Thousands)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1
Cashflow From Operations	93.2%	6,604	3,418	-11,014	-16,603	-22,731	-23,532	-21,998	-12,756	-5,971	1,333	1,333	1,109	1,035
Share Based Compensation	-6.5%	453	485	407	372	417	268	285	111	-	-	-	-	-
Cashflow From Investing	-119.5%	-461	-210	-146	-139	177	-62.17	-74.89	-61.50	-11.49	-	-	-6.25	-8.34
Cashflow From Financing	-1897.0%	-7,349	-368	14,845	11,912	24,747	24,143	22,974	18,493	6,045	-930	-930	-596	-485

IPW Income Statement

2023-06-30

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
REVENUES	$ 88,902,048	$ 79,418,473
TOTAL REVENUES	88,902,048	79,418,473
COST OF REVENUES	54,104,587	46,218,580
GROSS PROFIT	34,797,461	33,199,893
OPERATING EXPENSES:
Selling and fulfillment	32,427,972	19,180,390
General and administrative	12,792,998	11,707,466
Impairment loss - goodwill	3,060,034	0
Total operating expenses	48,281,004	30,887,856
(LOSS) INCOME FROM OPERATIONS	(13,483,543)	2,312,037
OTHER INCOME (EXPENSE)
Interest expenses	(1,066,280)	(458,159)
Other financing expenses	0	(80,010)
Loss on equity method investment	(10,001)	(6,616)
Other non-operating income	(107,749)	296,366
Total other expenses, net	(1,184,030)	(248,419)
(LOSS) INCOME BEFORE INCOME TAXES	(14,667,573)	2,063,618
PROVISION FOR INCOME TAX (BENEFIT) EXPENSE	(2,690,500)	558,975
NET (LOSS) INCOME	(11,977,073)	1,504,643
Non-controlling interest	(11,683)	(13,232)
NET (LOSS) INCOME ATTRIBUTABLE TO iPOWER INC.	(11,965,390)	1,517,875
OTHER COMPREHENSIVE LOSS
Foreign currency translation adjustments	(67,812)	5,678
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO iPOWER INC.	$ (12,033,202)	$ 1,523,553
WEIGHTED AVERAGE NUMBER OF COMMON STOCK
Basic	29,713,354	27,781,493
Diluted	29,713,354	27,781,493
(LOSSES) EARNINGS PER SHARE
Basic	$ (0.403)	$ 0.055
Diluted	$ (0.403)	$ 0.055

IPW Balance Sheet

2023-06-30

Consolidated Balance Sheets - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Current assets
Cash and cash equivalent	$ 3,735,642	$ 1,821,947
Accounts receivable, net	14,071,543	17,432,287
Inventories, net	20,593,889	30,433,766
Other receivable - related party	0	51,762
Prepayments and other current assets, net	2,858,196	5,444,463
Total current assets	41,259,270	55,184,225
Non-current assets
Right of use - non-current	7,837,345	10,453,282
Property and equipment, net	536,418	544,633
Deferred tax assets	2,155,250	0
Non-current prepayments	531,456	925,624
Goodwill	3,034,110	6,094,144
Investment in joint venture	33,113	43,385
Intangible assets, net	4,280,071	4,929,442
Other non-current assets	427,254	406,732
Total non-current assets	18,835,017	23,397,242
Total assets	60,094,287	78,581,467
Current liabilities
Accounts payable	13,244,957	9,533,408
Credit cards payable	366,781	807,687
Customer deposit	350,595	273,457
Other payables and accrued liabilities	4,831,067	5,915,220
Advance from shareholders	85,200	92,246
Investment payable	0	1,500,000
Lease liability - current	2,159,173	2,582,933
Long-term promissory note payable - current portion	2,017,852	1,879,065
Income taxes payable	276,683	299,563
Total current liabilities	23,332,308	22,883,579
Non-current liabilities
Long-term revolving loan payable, net	9,791,191	12,314,627
Long-term promissory note payable, net	0	1,781,705
Deferred tax liabilities	0	939,115
Lease liability - non-current	6,106,047	8,265,611
Total non-current liabilities	15,897,238	23,301,058
Total liabilities	39,229,546	46,184,637
Commitments and contingency
Stockholders' Equity
Preferred stock, $0.001 par value; 20,000,000 shares authorized; 0 shares issued and outstanding at June 30, 2023 and 2022	0	0
Common stock, $0.001 par value; 180,000,000 shares authorized; 29,710,939 and 29,572,382 shares issued and outstanding at June 30, 2023 and 2022	29,712	29,573
Additional paid in capital	29,624,520	29,111,863
(Accumulated deficits) Retained earnings	(8,702,442)	3,262,948
Non-controlling interest	(24,915)	(13,232)
Accumulated other comprehensive income (loss)	(62,134)	5,678
Total equity	20,864,741	32,396,830
Total liabilities and equity	$ 60,094,287	$ 78,581,467

About iPower

Chen L. Tan

www.meetipower.com/

iPower Inc. supplies hydroponics equipment online in the United States. It offers various products, including advanced indoor and greenhouse grow-light systems, ventilation systems, activated carbon filters, nutrients, growing media, hydroponic water-resistant grow tents, trimming machines, pumps, and accessories for hydroponic gardening, as well as other indoor and outdoor growing products under the iPower and Simple Deluxe brands through its Zenhydro.com website and various third-party e-commerce channels. The company was formerly known as BZRTH Inc. and changed its name to iPower Inc. in September 2020. iPower Inc. was incorporated in 2018 and is based in Duarte, California.

Market Summary

IPW Stock Price

IPW RSI Chart

IPW Valuation

IPW Price/Sales (Trailing)

IPW Profitability

IPW Fundamentals

IPW Revenue

IPW Earnings

Price Action

52 Week Range

IPW Financial Health

IPW Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for IPW

Which funds bought or sold IPW recently?

Latest Funds Activity

Recent SEC filings of iPower

iPower News

Returns for IPW

Cumulative Returns on IPW

Risks for IPW

What is the probability of a big loss on IPW?

How does IPW drawdown profile look like?

Financials for iPower

Income Statement (Last 12 Months).css-zgnqz2{margin:0;font-family:"Roboto","Helvetica","Arial",sans-serif;font-weight:400;font-size:0.75rem;line-height:1.66;letter-spacing:0.03333em;color:#595959;}(In Thousands)

Balance Sheet(In Millions)

Cashflow (Last 12 Months)(In Thousands)

IPW Income Statement

IPW Balance Sheet

About iPower

Income Statement (Last 12 Months)
(In Thousands)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Thousands)