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iPower Inc. (IPW)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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1.6000-0.0800 (-4.76%)
At close: 04:00PM EST
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  • N
    Naveed
    bought in with a small position today. I can't believe how beaten down this is. Its PS, PB ratios are near 1s and this is near 52 week lows and they have a history of growing sales and have some history of profitability as well.

    I love their industry and they clearly know what is needed by the hydroponic green house operators. I only see them doing better and better as ppl start to shift away from traditional farming and more towards greenhouse or vertical farming.

    GLTA
  • N
    Naveed
    I had an email exchange with the CFO for IPW but Yahoo won't let me post his response.

    Essentially he said that they don't have patents on their products, just trade secrets but they are going to launch products in the future where they will apply for patents.

    Regarding their e-commerce platform they said that using their platform vs amazon has negligible impact on their gross margin so they are sticking to amazon. Although i want to know more about why this is the case.

    They mentioned that they are usually compared to grow generations or hydrofarm but they consider themselves to be more like scott's miracle gro. They are different from their other competition because they are 90% online, focus on small home and commercial growers rather than mid to large commercial growers. vast majority of their sales are their own products rather than 3rd party products that they carry.

    In terms of upcoming catalyst, they expect to expand into Europe as well as add additional channel partners in US, and want to service additional hydroponic categories that they don't like table top hydroponics and home garden).

    What do you think?
    Bullish
  • N
    Naveed
    So I had an email exchange with the CFO at IPW and he answered some of my questions regarding their product offering, e-commerce channel, competition, and upcoming catalyst. What do you guys think?
    We do develop and sell our own in house proprietary products as well as third party products. We carry 29,000 SKUs of which ~4000 are our own proprietary products (approximately 14%). However our inhouse products make up approx. 70% of our revenue, so they are quite important to our business model. We do not have patents on any of our products currently, most of our IP is in the form of trade secrets. There some products in development where will apply for patents.
    We have our own captive ecommerce channel, zenhydro.com, however this channel would have little impact on gross margins. Most of the cost of working through our ecommerce channel partners shows up in the operating cost line. Without getting into to too much detail, our gross margins are actually the best with Amazon.
    We don’t have a pure play direct competitor. We are different than the other publicly traded companies in hydroponics in these ways
    We are 90% online, while most other suppliers are 90-100% offline
    We service the home grower and small commercial grower market, while other suppliers are mostly focused on the mid to large size commercial growers
    The vast majority of our sales come from our in house brands/products, while the other suppliers 80-90% distributors or wholesalers of other vendors products. This difference is seen in our corporates gross margins, which are 18-22% points higher than the companies we get compared to (42% GM vs 20-24% GM)
    We get compared the most to Grow Generation and Hydrofarm, even though we are very different. We might be more akin to Scott’s Miracle Gro in that they have a significantly higher proportion of sales from their own brands.
    Catalysts we have talked about recently are expansion of sales into Europe, additional channel partners here in the US, and expansion into adjacent categories (e.g. countertop hydroponics, traditional home and garden), and expansion into hydroponics categories that we don’t currently have product coverage (we just yesterday announced the launch of a hydroponics nutrient product line to address one category).
  • S
    Sustainabledude
    quiet here. Any more active forums?
  • H
    Haider
    This is a 100$ stock!
    Bullish
  • K
    Kolson
    iPower will jump between 42-48 $ in the next few weeks
    Mark my word
    Bullish
  • e
    erik
    with only 3 million share cap lets run it up to $$$20
  • v
    vinod
    Why is this stock going down when it should be bullish as per predictions? We are not seeing any negative news also on this stock to pull it down.
  • S
    SuperEagle2000
    Fair Value 4.50-5.00 $
    Bullish
  • R
    Raymond
    i added at 6.94
    somebody knows before we do its moving
  • m
    merw
    Profitable and growth
    Bullish
  • T
    Tama
    Good morning IPW♬
    Bullish
  • K
    Kyle
    What is happening with this stock?
  • W
    William
    fast growth revenue and earnings. This is a sleeper and will soar soon.
  • d
    dbd
    Why volume jump on June 30? Anybody knows?
  • P
    Piccolo
    10$ today
    Bullish
  • N
    Nicole
    IPower is an online retailer and supplier of hydroponic equipment and accessories. Its products include grow lights, ventilation systems, and activated carbon filters that customers use to grow vegetables, fruits and flowers, as well as other plants, including cannabis.
  • F
    Federerfan
    Zack small cap research out with report today with target price $27.50. I only see someone post a screen shot of the report on Twitter and I have no access to the full report.
  • P
    Piccolo
    10$ today 😎📈🥂
    Bullish
  • W
    Will
    Late to the party, but let's hope for a good run up!
    potentially a $15 stock
    Bullish
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