IPW Chart
About

iPower Inc. operates as an online retailer and supplier of consumer home, pet, garden, outdoor, and consumer electronics products for commercial and home cultivators growing specialty crops, and home goods customers in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products made from soil, rock wool or coconut fiber, and others. It also provides general gardening products, including environmental sensors, controls, and nutrients; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs. The company sells its products under the iPower, Simple Deluxe, and other brand names through zenhydro.com, simpledeluxe.com, and various third-party online platforms. Additionally, the company engages in the manufacturing of packaging solutions. 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 Rancho Cucamonga, California.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Internet Retail Market Cap 2.58M
Enterprise Value 11.47M Income -4.88M Sales 47.21M
Book/sh 16.67 Cash/sh 1.52 Dividend Yield —
Payout 0.00% Employees 10 IPO —
P/E — Forward P/E 37.50 PEG —
P/S 0.05 P/B 0.13 P/C —
EV/EBITDA -1.60 EV/Sales 0.24 Quick Ratio 0.90
Current Ratio 1.83 Debt/Eq 58.70 LT Debt/Eq —
EPS (ttm) -3.37 EPS next Y 0.06 EPS Growth —
Revenue Growth -62.60% Earnings 2026-05-14 ROA -12.74%
ROE -24.63% ROIC — Gross Margin 42.49%
Oper. Margin -34.18% Profit Margin -10.35% Shs Outstand 1.15M
Shs Float 700.57K Short Float 14.99% Short Ratio 0.56
Short Interest — 52W High 34.65 52W Low 1.97
Beta 3.46 Avg Volume 298.25K Volume 138.04K
Target Price — Recom None Prev Close $2.22
Price $2.25 Change 1.35%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$2.31
Latest analyst target
3. DCF / Fair value
$5.48
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.31
Low
—
High
—
Mean
—

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2024-06-25 main Roth MKM Buy → Buy $3
2024-05-15 main Roth MKM Buy → Buy $1
2021-06-07 init Roth Capital — → Buy $9
2021-06-07 init DA Davidson — → Buy $10
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 81136 — — Stock Award(Grant) at price 0.00 per share. TAN CHENLONG Chief Executive Officer — 2025-11-12 00:00:00 D
1 10000 6850.0 — Purchase at price 0.68 per share. TAN CHENLONG Chief Executive Officer — 2024-11-26 00:00:00 D
2 23809 nan — — TCHAIKOVSKY BENNET PRICE JR Director — 2024-08-08 00:00:00 D
3 23809 nan — — LILES KEVIN Director — 2024-08-08 00:00:00 D
4 23809 nan — — LI HANXI Director — 2024-08-08 00:00:00 D
5 20000 30900.0 — Purchase at price 1.54 per share. TAN CHENLONG Chief Executive Officer — 2024-05-21 00:00:00 D
Financials
Line Item2024-06-302023-06-302022-06-302021-06-30
TaxEffectOfUnusualItems0.00-561.21K0.0047.38K
TaxRateForCalcs0.140.180.270.27
NormalizedEBITDA1.51M-7.13M2.80M2.80M
TotalUnusualItems0.00-3.06M0.00175.50K
TotalUnusualItemsExcludingGoodwill0.00-3.06M0.00175.50K
NetIncomeFromContinuingOperationNetMinorityInterest-1.53M-11.97M1.52M-775.75K
ReconciledDepreciation2.51M3.41M277.92K12.09K
ReconciledCostOfRevenue47.95M54.10M46.22M31.26M
EBITDA1.51M-10.19M2.80M2.97M
EBIT-1.00M-13.60M2.52M2.96M
NetInterestIncome-788.42K-1.07M-538.17K-301.92K
InterestExpense788.42K1.07M458.16K
NormalizedIncome-1.53M-9.47M1.52M-903.86K
NetIncomeFromContinuingAndDiscontinuedOperation-1.53M-11.97M1.52M-775.75K
TotalExpenses87.03M99.33M77.11M51.12M
TotalOperatingIncomeAsReported-962.89K-13.48M2.31M2.96M
DilutedAverageShares1.05M29.88M29.71M27.78M
BasicAverageShares1.05M29.88M29.71M27.78M
DilutedEPS-4.80-0.05-0.400.05
BasicEPS-4.80-0.05-0.400.05
DilutedNIAvailtoComStockholders-1.53M-11.97M1.52M-775.75K
NetIncomeCommonStockholders-1.53M-11.97M1.52M-775.75K
NetIncome-1.53M-11.97M1.52M-775.75K
MinorityInterests13.29K11.68K13.23K0.00
NetIncomeIncludingNoncontrollingInterests-1.54M-11.98M1.50M-775.75K
NetIncomeContinuousOperations-1.54M-11.98M1.50M-775.75K
TaxProvision-251.37K-2.69M558.98K766.76K
PretaxIncome-1.79M-14.67M2.06M-8.99K
OtherIncomeExpense-41.50K-3.18M289.75K-2.67M
OtherNonOperatingIncomeExpenses-35.99K-107.75K296.37K-2.84M
SpecialIncomeCharges0.00-3.06M0.00175.50K
OtherSpecialCharges-175.50K
ImpairmentOfCapitalAssets0.003.06M0.00
EarningsFromEquityInterest-5.51K-10.00K-6.62K0.00
NetNonOperatingInterestIncomeExpense-788.42K-1.07M-538.17K-301.92K
TotalOtherFinanceCost80.01K301.92K
InterestExpenseNonOperating788.42K1.07M458.16K
OperatingIncome-962.89K-10.42M2.31M2.96M
OperatingExpense39.08M45.22M30.89M19.86M
SellingGeneralAndAdministration39.08M45.22M30.89M19.86M
SellingAndMarketingExpense26.96M32.43M19.18M13.47M
GeneralAndAdministrativeExpense12.12M12.79M11.71M6.38M
OtherGandA12.12M12.79M11.71M6.38M
GrossProfit38.12M34.80M33.20M22.82M
CostOfRevenue47.95M54.10M46.22M31.26M
TotalRevenue86.07M88.90M79.42M54.08M
OperatingRevenue86.07M88.90M79.42M54.08M
Line Item2024-06-302023-06-302022-06-302021-06-30
OrdinarySharesNumber31.36M29.71M29.57M26.45M
ShareIssued31.36M29.71M29.57M26.45M
NetDebt8.07M14.15M
TotalDebt12.89M20.07M26.82M2.55M
TangibleBookValue16.39M13.58M21.39M24.99M
InvestedCapital29.40M32.70M48.39M25.64M
WorkingCapital11.24M17.93M32.30M23.28M
NetTangibleAssets16.39M13.58M21.39M24.99M
CapitalLeaseObligations6.55M8.27M10.85M1.90M
CommonStockEquity23.05M20.89M32.41M24.99M
TotalCapitalization23.05M30.68M46.51M25.44M
TotalEquityGrossMinorityInterest23.02M20.86M32.40M24.99M
MinorityInterest-38.20K-24.91K-13.23K0.00
StockholdersEquity23.05M20.89M32.41M24.99M
GainsLossesNotAffectingRetainedEarnings-210.41K-62.13K5.68K0.00
OtherEquityAdjustments-210.41K-62.13K5.68K
RetainedEarnings-10.23M-8.70M3.26M1.75M
AdditionalPaidInCapital33.46M29.62M29.11M23.21M
CapitalStock31.36K29.71K29.57K26.45K
CommonStock31.36K29.71K29.57K26.45K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest28.28M39.23M46.18M10.65M
TotalNonCurrentLiabilitiesNetMinorityInterest4.51M15.90M23.30M1.63M
NonCurrentDeferredLiabilities0.00939.12K0.00
NonCurrentDeferredTaxesLiabilities0.00939.12K0.00
LongTermDebtAndCapitalLeaseObligation4.51M15.90M22.36M1.63M
LongTermCapitalLeaseObligation4.51M6.11M8.27M1.17M
LongTermDebt9.79M14.10M458.57K
CurrentLiabilities23.77M23.33M22.88M9.02M
CurrentDeferredLiabilities313.36K350.60K273.46K297.41K
CurrentDeferredRevenue313.36K350.60K273.46K297.41K
CurrentDebtAndCapitalLeaseObligation8.38M4.18M4.46M923.96K
CurrentCapitalLeaseObligation2.04M2.16M2.58M731.94K
CurrentDebt6.34M2.02M1.88M192.01K
OtherCurrentBorrowings841.21K2.02M1.88M192.01K
PayablesAndAccruedExpenses15.08M18.80M18.15M7.80M
CurrentAccruedExpenses2.52M4.09M5.61M
Payables12.55M14.72M12.54M7.80M
OtherPayable607.85K662.58K2.31M3.07M
DuetoRelatedPartiesCurrent0.0085.20K92.25K0.00
TotalTaxPayable719.05K725.12K606.72K790.82K
IncomeTaxPayable276.16K276.68K299.56K790.82K
AccountsPayable11.23M13.24M9.53M3.94M
TotalAssets51.30M60.09M78.58M35.64M
TotalNonCurrentAssets16.29M18.84M23.40M3.33M
OtherNonCurrentAssets652.05K991.82K406.73K99.64K
NonCurrentPrepaidAssets531.46K925.62K1.36M
NonCurrentDeferredAssets2.45M2.16M0.00
NonCurrentDeferredTaxesAssets2.45M2.16M0.00
InvestmentsAndAdvances33.11K43.38K0.00
LongTermEquityInvestment33.11K43.38K0.00
InvestmentsinJointVenturesatCost33.11K43.38K0.00
GoodwillAndOtherIntangibleAssets6.66M7.31M11.02M0.00
OtherIntangibleAssets3.63M4.28M4.93M
Goodwill3.03M3.03M6.09M0.00
NetPPE6.50M8.37M11.00M1.88M
GrossPPE6.50M8.37M11.00M1.88M
OtherProperties6.50M8.37M11.00M1.88M
CurrentAssets35.01M41.26M55.18M32.31M
PrepaidAssets1.60M1.71M4.31M3.97M
Inventory10.55M20.59M30.43M13.07M
InventoriesAdjustmentsAllowances-647.83K-558.90K
FinishedGoods10.55M20.59M30.43M13.07M
Receivables15.49M15.22M18.61M8.62M
OtherReceivables747.51K1.14M1.13M723.38K
DuefromRelatedPartiesCurrent0.0051.76K
AccountsReceivable14.74M14.07M17.43M7.90M
AllowanceForDoubtfulAccountsReceivable-355.39K-70.00K-70.00K0.00
GrossAccountsReceivable15.10M14.14M17.50M7.90M
CashCashEquivalentsAndShortTermInvestments7.38M3.74M1.82M6.65M
CashAndCashEquivalents7.38M3.74M1.82M6.65M
Line Item2024-06-302023-06-302022-06-302021-06-30
FreeCashFlow6.16M9.07M-17.09M-12.82M
RepaymentOfDebt-15.75M-10.76M-2.25M-30.79M
IssuanceOfDebt9.78M5.05M15.01M32.61M
IssuanceOfCapitalStock4.54M0.000.0019.68M
CapitalExpenditure-140.81K-484.17K-61.50K
InterestPaidSupplementalData308.59K0.000.00153.78K
IncomeTaxPaidSupplementalData0.0055.00K1.85M696.12K
EndCashPosition7.38M3.74M1.82M6.65M
BeginningCashPosition3.74M1.82M6.65M977.63K
EffectOfExchangeRateChanges-124.08K-3.14K717.000.00
ChangesInCash3.77M1.92M-4.83M5.67M
FinancingCashFlow-2.40M-7.15M11.91M18.49M
CashFlowFromContinuingFinancingActivities-2.40M-7.15M11.91M18.49M
NetOtherFinancingCharges-974.49K-1.45M-847.80K-3.01M
NetCommonStockIssuance4.54M0.000.0019.68M
CommonStockIssuance4.54M0.000.0019.68M
NetIssuancePaymentsOfDebt-5.97M-5.71M12.76M1.82M
NetShortTermDebtIssuance-5.97M-2.13M215.62K-1.17M
ShortTermDebtPayments-15.75M-2.16M-1.77M-30.78M
ShortTermDebtIssuance9.78M31.39K1.98M29.61M
NetLongTermDebtIssuance-5.05M-3.58M12.54M2.99M
LongTermDebtPayments-12.00M-8.60M-487.81K-12.19K
LongTermDebtIssuance6.95M5.02M13.03M3.00M
InvestingCashFlow0.00-140.81K-139.39K-61.50K
CashFlowFromContinuingInvestingActivities0.00-140.81K-139.39K-61.50K
NetBusinessPurchaseAndSale0.00344.79K0.00
SaleOfBusiness0.00394.79K0.00
PurchaseOfBusiness0.00-50.00K0.00
NetPPEPurchaseAndSale0.00-140.81K-484.17K-61.50K
PurchaseOfPPE0.00-140.81K-484.17K-61.50K
OperatingCashFlow6.16M9.21M-16.60M-12.76M
CashFlowFromContinuingOperatingActivities6.16M9.21M-16.60M-12.76M
ChangeInWorkingCapital4.07M13.49M-19.55M-14.98M
ChangeInOtherWorkingCapital-290.36K-3.09M-450.00K69.61K
ChangeInOtherCurrentLiabilities-1.72M-2.58M
ChangeInOtherCurrentAssets306.66K373.65K-254.38K-99.64K
ChangeInPayablesAndAccruedExpense-3.75M3.48M7.23M-41.28K
ChangeInPayable-3.75M3.48M7.23M-41.28K
ChangeInAccountPayable-2.02M4.12M5.59M-279.38K
ChangeInTaxPayable0.00-22.88K-489.26K69.61K
ChangeInIncomeTaxPayable0.00-22.88K-489.26K69.61K
ChangeInPrepaidAssets511.66K2.38M1.05M-5.76M
ChangeInInventory9.96M9.60M-17.59M-7.32M
ChangeInReceivables-953.94K3.33M-9.54M-1.83M
ChangesInAccountReceivables-953.94K3.33M-9.54M-1.83M
OtherNonCashItems233.62K214.80K482.11K1.69M
StockBasedCompensation512.54K512.80K372.35K110.68K
ProvisionandWriteOffofAssets374.31K488.03K294.43K0.00
AssetImpairmentCharge0.003.06M0.00
DepreciationAmortizationDepletion2.51M3.41M277.92K12.09K
DepreciationAndAmortization2.51M3.41M277.92K12.09K
Depreciation2.51M3.41M277.92K12.09K
OperatingGainsLosses5.51K10.00K6.62K1.18M
EarningsLossesFromEquityInvestments5.51K10.00K6.62K0.00
GainLossOnInvestmentSecurities1.36M
NetIncomeFromContinuingOperations-1.54M-11.98M1.52M-775.75K
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for IPW
Date User Asset Broker Type Position Size Entry Price Patterns