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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 3QFY24 results, showing strong growth, positive operating leverage, and a return to profitability.</li><li>Revenue of $23.3 million was up 15%, reflecting a return to a normal ordering pattern from the company’s largest online market partner as well as a strong contribution from the company’s SuperSuite business, now accounting for 10% of overall revenue.</li><li>iPower continues to expand its sales channels, having just launched on Temu in April, with encouraging initial results.</li></ul>

iPower reported 3QFY24 results, showing strong growth, positive operating leverage, and a return to profitability.Revenue of $23.3 million was up 15%, reflecting a return to a normal ordering pattern from the company’s largest online market partner as well as a strong contribution from the company’s SuperSuite business, now accounting for 10% of overall revenue.iPower continues to expand its sales channels, having just launched on Temu in April, with encouraging initial results.

IPower, Inc. - Strong Top- And Bottom-Line 3QFY24 Results