iPower rises on strong revenue growth forecasts

Ipower

28/09/2021 12:33

** Shares of e-commerce company  IPW.O  up ~8% at $4.92
premarket
    ** Co expects organic revenue growth of at least 25% in FY22
    ** Co reports Q4 revenue of $14.7 mln and a 35% increase in
FY21 revenue at $54.1 mln
    ** Reports Q4 EPS at 2 cents against estimates of 4 cents -
Refinitiv IBES
    ** Two brokerages rate the stock "buy" or higher; their
median PT is $9.5
    ** Stock currently trades nearly 4.5% below its 50-day
moving average of $4.8
    ** Up to Monday's close, stock has lost 19.8% since its IPO
in May

 (Reporting by Shashank Nayar in Bengaluru)
 ((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223
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