Latest news with #iPower
Globe and Mail
3 days ago
- Business
- Globe and Mail
iPower and Borg Rise U.S. Enter Strategic Partnership to Expand Social Media Commerce
RANCHO CUCAMONGA, Calif., June 10, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) ("iPower" or the "Company"), a tech and data-driven eCommerce service provider and online retailer, today announced a strategic partnership with Borg Rise U.S., a dynamic and fast-growing player in digital content and social media commerce. This partnership marks a key milestone in iPower's strategy to expand its omnichannel presence through influencer-driven and content-based sales models across platforms like TikTok, Instagram, and YouTube. Borg Rise U.S., with its strong network of content creators, livestreaming infrastructure, and experience in cross-border digital commerce, will collaborate with iPower to build and scale innovative social commerce campaigns. These campaigns will bridge content and conversion, enabling more direct, engaging, and high-converting consumer experiences. "We're excited to team up with Borg Rise U.S. to unlock the potential of social-driven retail," said Lawrence Tan, CEO of iPower. "This collaboration strengthens our ability to connect brands with audiences where they spend their time and attention—on social media—by turning inspiration into seamless purchasing." Under this partnership, iPower and Borg Rise U.S. will work together to: Co-develop influencer campaigns, live selling initiatives, and digital storefronts Expand iPower's SuperSuite service offerings into social commerce enablement Leverage content performance data to enhance targeting and personalization Onboard emerging brands and help them scale through creator ecosystems This strategic alliance is expected to further iPower's mission to empower sellers and entrepreneurs with the tools, data, and distribution channels needed to thrive in today's evolving digital retail landscape. About iPower Inc. iPower Inc. is a tech and data-driven online retailer, as well as a provider of value-added eCommerce services for third-party products and brands. iPower's capabilities include a full spectrum of online channels, robust fulfillment capacity, a nationwide network of warehouses, competitive last-mile delivery partners, and a differentiated business intelligence platform. For more information, visit About Borg Rise U.S. Borg Rise U.S. is a next-generation digital commerce company focused on livestreaming, influencer marketing, and cross-border social commerce. With strengths in content development, platform operations, and community-driven conversion, Borg Rise U.S. empowers brands to unlock growth through immersive digital experiences. Forward-Looking Statements All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that iPower believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'potential,' 'continue,' 'is/are likely to' or other similar expressions. iPower undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although iPower believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and iPower cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results and performance in iPower's most recent Report on Form 10-K and in its other SEC filings.
Yahoo
7 days ago
- Business
- Yahoo
iPower Launches New Joint Venture, United Package NV LLC
Joint Venture Represents First Major Step in U.S.-Based Manufacturing RANCHO 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 milestone represents iPower's commitment to building a resilient, localized manufacturing infrastructure in the United States. United Package will focus on the domestic production of packaging materials to serve the rapidly growing demands of U.S. businesses seeking reliable, sustainable, and cost-effective supply chain solutions without reliance on offshore manufacturing. 'The launch of United Package is a significant step toward reshoring critical manufacturing capabilities and building a more robust, diversified supply chain infrastructure,' said Lawrence Tan, CEO of iPower. 'This JV reinforces our long-term strategy to empower brands with faster lead times, lower logistics risk, and higher operational agility, right here in the U.S. We look forward to continue building out our 'Made in USA' module as we add further depth to our domestic production footprint, strengthen supplier partnerships, and expand our value-added service offerings to meet the evolving needs of our partners and customers.' By integrating United Package into the SuperSuite ecosystem, iPower aims to provide customers with: Faster turnaround times from production to delivery Reduced exposure to global shipping volatility Enhanced sustainability with lower carbon footprints Transparent vendor collaboration via the SuperSuite digital dashboard Improved inventory responsiveness and demand forecasting The 'Made in USA' module of SuperSuite is designed to provide end-to-end support to manufacturing initiatives across the country — offering legal and regulatory guidance, facility planning, local workforce development, and immediate access to iPower's nationwide distribution and e-commerce infrastructure. United Package is only the beginning. iPower plans to expand its 'Made in USA' initiative by forming additional strategic ventures and supporting a new wave of domestic manufacturers across various categories. About iPower Inc. iPower Inc. is a tech and data-driven online retailer, as well as a provider of value-added ecommerce services for third-party products and brands. iPower's capabilities include a full spectrum of online channels, robust fulfillment capacity, a nationwide network of warehouses, competitive last mile delivery partners and a differentiated business intelligence platform. iPower believes that these capabilities will enable it to efficiently move a diverse catalog of SKUs from its supply chain partners to end consumers every day, providing the best value to customers in the U.S. and other countries. For more information, please visit iPower's website at Forward-Looking Statements All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that iPower believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'potential,' 'continue,' 'is/are likely to' or other similar expressions. iPower undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although iPower believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and iPower cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results and performance in iPower's Annual Report on Form 10-K, as filed with the SEC on September 20, 2024, its Quarterly Reports on Form 10-Q, as filed with the SEC on November 14, 2024, February 14, 2025 and May 15, 2025, and in its other SEC filings. Media Contact Media Investor Relations Contact Sean Mansouri, CFA or Aaron D'SouzaElevate IR(720) 330-2829IPW@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-05-2025
- Business
- Yahoo
iPower Third Quarter 2025 Earnings: US$0.011 loss per share (vs US$0.034 profit in 3Q 2024)
Revenue: US$16.6m (down 29% from 3Q 2024). Net loss: US$339.6k (down by 133% from US$1.02m profit in 3Q 2024). US$0.011 loss per share (down from US$0.034 profit in 3Q 2024). Our free stock report includes 3 warning signs investors should be aware of before investing in iPower. Read for free now. All figures shown in the chart above are for the trailing 12 month (TTM) period iPower shares are up 3.9% from a week ago. You still need to take note of risks, for example - iPower has 3 warning signs (and 1 which doesn't sit too well with us) we think you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
