Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

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Equity Bottom-Up

<ul><li>iPower reported $26.5 million in revenue in 1QFY24, its highest quarterly revenue ever, compared with $26.0 million in 1QFY23.</li><li>The company’s performance was helped by business generated by its SuperSuite supply chain partnerships, currently on a $7 million annual run rate.</li><li>The company’s TikTok Shop sales also contributed to the solid sales results.</li></ul>

iPower reported $26.5 million in revenue in 1QFY24, its highest quarterly revenue ever, compared with $26.0 million in 1QFY23.The company’s performance was helped by business generated by its SuperSuite supply chain partnerships, currently on a $7 million annual run rate.The company’s TikTok Shop sales also contributed to the solid sales results.

IPower, Inc. - Solid Start to FY24; Demonstrates Several Avenues for Further Growth