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RANCHO CUCAMONGA, Calif. - iPower Inc. (NASDAQ:IPW), a technology-driven retailer with a market capitalization of $17.59 million and annual revenue of $74.11 million, announced Tuesday that its newly acquired packaging production line has arrived at its domestic facility ahead of schedule and is ready for assembly. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value metrics.
The equipment is part of the company’s joint venture, United Package NV LLC, which was formed to establish U.S.-based manufacturing capabilities for commercial packaging. The initiative falls under iPower’s proprietary SuperSuite Supply Chain Platform, which aims to localize critical supply chains. With a healthy current ratio of 1.92 and gross profit margin of 45.7%, the company maintains a solid financial foundation for this expansion.
"The arrival of our packaging production line represents a major step forward in building out a resilient domestic manufacturing infrastructure in the United States," said Lawrence Tan, CEO of iPower Inc.
According to the company’s statement, assembly of the production line is expected to take approximately one week, followed by a two-to-four-week test run phase. Full-scale production is targeted to begin shortly thereafter.
iPower also reported that it has already secured purchase orders ahead of production and has received interest from prospective customers.
The company indicated that if this manufacturing model proves successful, it plans to expand the approach to additional markets.
iPower Inc. describes itself as a technology and data-driven online retailer that also provides e-commerce services for third-party products and brands. The company operates a nationwide fulfillment network.
This information is based on a press release statement from iPower Inc.
In other recent news, iPower Inc. announced the termination of its variable interest entity agreement in China. This development means that its subsidiary, Dayourenzai (Shenzhen) Technology Co., Ltd., no longer owns or controls Daheshou, with iPower and other contractors taking over the services previously handled by Daheshou. Additionally, iPower has unveiled plans to expand into blockchain technology, including treasury operations and consumer offerings, with an emphasis on acquiring digital assets as reserve holdings. The company aims to use these assets in institutional lending structures to generate yield while preserving principal.
iPower also received an extension from Nasdaq to meet the minimum bid price requirement, with a new deadline set for December 29, 2025, to achieve compliance. Furthermore, during its annual meeting, iPower shareholders approved board elections and authorized a reverse stock split. The company is also shifting its focus towards becoming a crypto treasury and blockchain infrastructure services provider, with plans to accumulate Bitcoin as a treasury reserve asset. These recent developments highlight iPower’s strategic changes and operational adjustments.
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