DUARTE

iPower to Participate in the Water Tower Research Fireside Chat Series on April 18

Retrieved on: 
Monday, April 15, 2024
Water, IPW, Social media

RANCHO CUCAMONGA, Calif., April 15, 2024 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven online retailer and supplier of consumer home and garden products, as well as a provider of value-added ecommerce services, today announced its Chief Financial Officer, Kevin Vassily, will participate in the upcoming Water Tower Research Fireside Chat Series taking place virtually on Thursday, April 18, 2024 at 2:00 p.m.

Key Points: 
  • RANCHO CUCAMONGA, Calif., April 15, 2024 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven online retailer and supplier of consumer home and garden products, as well as a provider of value-added ecommerce services, today announced its Chief Financial Officer, Kevin Vassily, will participate in the upcoming Water Tower Research Fireside Chat Series taking place virtually on Thursday, April 18, 2024 at 2:00 p.m.
  • The fireside will be hosted by Thierry Wuilloud, Managing Director at Water Tower Research, and will cover the following topics:
    A review of iPower’s current product catalog, as well as the dynamics and process used to expand the product line.
  • The differences between traditional online and social media marketplaces (mainly the TikTok Shop) as it relates to product marketing and relevance.
  • If you have any issues, please contact the Company’s investor relations team at [email protected] .

Decomposing systemic risk: the roles of contagion and common exposures

Retrieved on: 
Tuesday, April 23, 2024
Tao, CIBC, Tax, RWA, Risk, European Systemic Risk Board, Research Papers in Economics, Contagion, RT, The Big Six, NBC, International, Shock, Observation, Bank of Canada, HTC, European Economic Association, The Washington Post, Great, JPMorgan Chase, Paper, GM, Environment, Political economy, Journal of Financial Economics, COVID-19, Perception, BNS, Website, Silicon, IAT, Cifuentes, Probability, Balance sheet, RAN, Medical classification, Algorithm, Information technology, Quarterly Journal of Economics, LN, Nature, European Journal, Royal Bank of Canada, Technical report, Journal of Political Economy, Equitable Bank, Bankruptcy, RAI, PDF, Private, ECB, Policy, CHS, Supercapacitor, Social science, Journal of Financial Stability, Intelligence (journal), Elsevier, Home, Cambridge University Press, Journal, Springer Science+Business Media, Research, Classification, Regulation, News, EQB, Credit, Literature, AIK, European Central Bank, COVID, SVAR, Section 5, Management science, DRA, M4, VL, National bank, Government, ISSN, BMO, Panel, International Financial Reporting Standards, BIS, FIS, Basel III, Commerce, Scotiabank, C32, Econometric Society, Interbank, Fraud, Section 4, Bank, Schedule, VAR, Section 3, The Journal of Finance, RBC, Volcanic explosivity index, Fire, Wassily Leontief, Financial economics, Metric, Section 2, L14, Central bank, Superintendent, Bank of Montreal, Kronecker, BOC, Lithium, BCBS, Sale, Macroeconomic Dynamics, Christophe, CWB, LBC, NHA, Imperial Bank, Private equity, Quarterly Journal, National Bank of Canada, C51, Canadian Western Bank, Currency crisis, JEL classification codes, Victor Drai, L.1, MFC, Silicon Valley Bank, EB, Laurentian Bank of Canada, Federal, RA1, Series, W0, FEVD, Journal of Econometrics, Aggregate, University, FRB, MB, Financial institution, Element, Health, Book, Angels & Airwaves, Common, OSFI, GFC, Reproduction, K L, Systematic, Housing, G21, Home Capital Group, Communications satellite

Abstract

Key Points: 
    • Abstract
      We evaluate the effects of contagion and common exposure on banks? capital through
      a regression design inspired by the structural VAR literature and derived from the balance
      sheet identity.
    • Contagion can occur through direct exposures, fire sales, and market-based
      sentiment, while common exposures result from portfolio overlaps.
    • First, we document that contagion varies in time, with the highest levels
      around the Great Financial Crisis and lowest levels during the pandemic.
    • Our new framework complements
      traditional stress-tests focused on single institutions by providing a holistic view of systemic risk.
    • While existing literature presents various contagion narratives, empirical findings on
      distress propagation - a precursor to defaults - remain scarce.
    • We decompose systemic risk into three elements: contagion, common exposures, and idiosyncratic risk, all derived from banks? balance sheet identities.
    • The contagion factor encompasses both sentiment- and contractual-based elements, common exposures consider systemic
      aspects, while idiosyncratic risk encapsulates unique bank-specific risk sources.
    • Our empirical analysis of the Canadian banking system reveals the dynamic nature of contagion, with elevated levels observed during the Global Financial Crisis.
    • In conclusion, our model offers a comprehensive lens for policy intervention analysis and
      scenario evaluations on contagion and systemic risk in banking.
    • This
      notion of systemic risk implies two key components: first, systematic risks (e.g., risks related
      to common exposures) and second, contagion (i.e., an initially idiosyncratic problem becoming
      more widespread throughout the financial system) (see Caruana, 2010).
    • In this paper, we decompose systemic risk into three components: contagion, common exposures, and idiosyncratic risk.
    • First, we include contagion in three forms: sentiment-based contagion, contractual-based
      contagion, and price-mediated contagion.
    • In this context,
      portfolio overlaps create common exposures, implying that bigger overlaps make systematic
      shocks more systemic.
    • With the COVID-19 pandemic starting
      in 2020, contagion drops to all time lows, potentially related to strong fiscal and monetary
      supports.
    • That is, our
      structural model provides a framework for analyzing the impact of policy interventions and
      scenarios on different levels of contagion and systemic risk in the banking system.
    • This provides a complementary approach to
      seminal papers that took a structural approach to contagion, such as DebtRank Battiston et al.
    • More generally, the literature on networks and systemic risk started with Allen and Gale
      (2001) and Eisenberg and Noe (2001).
    • The matrix is structured as follows:
      1

      In our model, we do not distinguish between interbank liabilities and other types of liabilities.

    • In other words, we can and aim to estimate different degrees
      of contagion per asset class, i.e., potentially distinct parameters ?Ga .
    • For that, we build three major
      metrics to check: average contagion, average common exposure, and average idiosyncratic risk.
    • N i j

      et ,
      Further, we define the (N ?K) common exposure matrix as Commt = [A

      (20)

      et ]diag (?C
      ?L

      such that average common exposure reads,
      average common exposure =

      1 XX
      Commik,t .

    • N i j

      (22)

      20

      ? c ),

      The three metrics?average contagion, average common exposure, and average idiosyncratic risk?provide a comprehensive framework for understanding banking dynamics.

    • Figure 4 depicts the average level of risks per systemic risk channel: contagion risk, common exposure, and idiosyncratic risk.
    • Figure 4: Average levels of contagion (Equation (20)), common exposure (Equation (21)), and idiosyncratic risk
      (Equation (22)).
    • The market-based contagion is the contagion due to
      investors? sentiment, and the network is an estimate FEVD on volatility data.
    • For most of
      the sample, we find that contagion had a bigger impact on the variance than common exposures.

iPower to Participate in the Water Tower Research Fireside Chat Series on February 28

Retrieved on: 
Monday, February 26, 2024
IPW, Water

DUARTE, Calif., Feb. 26, 2024 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven online retailer and supplier of consumer home and garden products, as well as a provider of value-added ecommerce services, today announced its Chief Financial Officer, Kevin Vassily, will participate in the upcoming Water Tower Research Fireside Chat Series taking place virtually on Wednesday, February 28, 2024 at 2:00 p.m.

Key Points: 
  • DUARTE, Calif., Feb. 26, 2024 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven online retailer and supplier of consumer home and garden products, as well as a provider of value-added ecommerce services, today announced its Chief Financial Officer, Kevin Vassily, will participate in the upcoming Water Tower Research Fireside Chat Series taking place virtually on Wednesday, February 28, 2024 at 2:00 p.m.
  • The fireside will be hosted by Thierry Wuilloud, Managing Director at Water Tower Research, and will cover the following topics:
    Update on iPower’s SuperSuite Business;
    Recent gross margin trends and influencing factors.
  • Please click here to register and view the event.
  • If you have any issues, please contact the Company’s investor relations team at [email protected] .

iPower Reports Fiscal Second Quarter 2024 Results

Retrieved on: 
Wednesday, February 14, 2024
Marketing, IPW, Dash (rapper), Total, Growth, Traction

Fiscal Q2 2024 Results vs. Fiscal Q2 2023 (unless otherwise noted)

Key Points: 
  • Fiscal Q2 2024 Results vs. Fiscal Q2 2023 (unless otherwise noted)
    Total revenue was $16.8 million compared to $19.3 million.
  • Gross profit in the fiscal second quarter of 2024 was $7.3 million compared to $8.0 million in the same quarter in fiscal 2023.
  • Total operating expenses in the fiscal second quarter of 2024 improved 18% to $9.9 million compared to $12.1 million for the same period in fiscal 2023.
  • Net loss attributable to iPower in the fiscal second quarter of 2024 improved 42% to $1.9 million or $(0.06) per share, compared to net loss attributable to iPower of $3.3 million or $(0.11) per share for the same period in fiscal 2023.

iPower Schedules Fiscal Second Quarter 2024 Conference Call for February 14, 2024 at 4:30 p.m. ET

Retrieved on: 
Wednesday, February 7, 2024
IPW, Dash (rapper)

The Company’s results will be reported in a press release prior to the call.

Key Points: 
  • The Company’s results will be reported in a press release prior to the call.
  • iPower management will host the conference call, followed by a question-and-answer period.
  • Please dial into the conference call 5-10 minutes prior to the start time.
  • If you have any difficulty connecting with the conference call, please contact the company’s investor relations team at [email protected] .

iPower Reports Fiscal First Quarter 2024 Results

Retrieved on: 
Tuesday, November 14, 2023
Acquisition, Asset, Dash (rapper), Conference, Total, Growth, IPW, Video game, Rare-earth element

DUARTE, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven online retailer and supplier of consumer home and garden products, as well as a provider of value-added ecommerce services, today announced financial results for its fiscal first quarter ended September 30, 2023.

Key Points: 
  • Fiscal Q1 2024 Results vs. Fiscal Q1 2023 (unless otherwise noted)
    Total revenue increased 2% to $26.5 million compared to the Company’s record $26.0 million in Q1 2023.
  • Gross profit in the fiscal first quarter of 2024 increased 18% to $11.8 million as compared to S10.0 million in the same quarter in fiscal 2023.
  • Total operating expenses in the fiscal first quarter of 2024 improved 11% to $13.0 million compared to $14.6 million for the same period in fiscal 2023.
  • Net loss attributable to iPower in the fiscal first quarter of 2024 improved to $1.3 million or $(0.04) per share, as compared to a net loss attributable to iPower of $4.2 million or $(0.14) per share for the same period in fiscal 2023.

ParentPowered PBC Appoints new Chairman of the Board: Luis Duarte, Partner at Imaginable Futures, as Company Ushers in the Next Phase of Growth

Retrieved on: 
Tuesday, November 28, 2023
Motivation, GCV, SAN, History, Student, Investment, Sustainability Accounting Standards Board, Caregiver, Digital, American Psychological Association, Growth, Parent, Human, Parenting, Education, Management, Tutoring

SAN FRANCISCO, Nov. 28, 2023 /PRNewswire-PRWeb/ -- ParentPowered PBC, an education technology company that provides Ready4K research-based digital family engagement programs, today announced the appointment of Luis Duarte as the Company's Chairman of the Board. A Director on ParentPowered's Board since 2020, Duarte's appointment to Chairman recognizes his entrepreneurial and impact investing experience, significant Company contributions, and commitment to the continued growth of ParentPowered.

Key Points: 
  • A Director on ParentPowered's Board since 2020, Duarte's appointment to Chairman recognizes his entrepreneurial and impact investing experience, significant Company contributions, and commitment to the continued growth of ParentPowered.
  • "I feel very privileged to take on this role at such an exciting time for the Company.
  • ParentPowered is innovating the family engagement experience in thoughtful, evidence-based ways which will benefit all ParentPowered stakeholders for years to come," said Duarte.
  • "This is a significant moment in the history of our Company and the next phase in our growth.

iPower Schedules Fiscal First Quarter 2024 Conference Call for November 14, 2023 at 4:30 p.m. ET

Retrieved on: 
Wednesday, November 1, 2023
IPW, Dash (rapper), Video game

The Company’s results will be reported in a press release prior to the call.

Key Points: 
  • The Company’s results will be reported in a press release prior to the call.
  • iPower management will host the conference call, followed by a question-and-answer period.
  • Please dial into the conference call 5-10 minutes prior to the start time.
  • If you have any difficulty connecting with the conference call, please contact the company’s investor relations team at [email protected] .

iPower to Participate in the Water Tower Research Fireside Chat Series on October 24

Retrieved on: 
Monday, October 23, 2023
Water, IPW, Online shopping

DUARTE, Calif., Oct. 23, 2023 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven online retailer and supplier of consumer home and garden products, as well as a provider of value-added ecommerce services, today announced its Chief Financial Officer, Kevin Vassily, will participate in the upcoming Water Tower Research Fireside Chat Series taking place virtually on Tuesday, October 24, 2023 at 2:00 p.m.

Key Points: 
  • DUARTE, Calif., Oct. 23, 2023 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven online retailer and supplier of consumer home and garden products, as well as a provider of value-added ecommerce services, today announced its Chief Financial Officer, Kevin Vassily, will participate in the upcoming Water Tower Research Fireside Chat Series taking place virtually on Tuesday, October 24, 2023 at 2:00 p.m.
  • The fireside will be hosted by Thierry Wuilloud, Managing Director at Water Tower Research, and will cover the following topics:
    Where iPower’s product catalog fits within the TikTok landscape;
    A typical consumer buying process and experience on TikTok Shop; and
    iPower’s perspective on what it could represent for the Company in the future.
  • Please click here to register and view the event.
  • If you have any issues, please contact the Company’s investor relations team at [email protected] .

iPower to Present at the LD Micro Invitational XVI on October 4, 2023

Retrieved on: 
Tuesday, October 3, 2023
IPW, Elevate, Dash (rapper)

Duarte, California--(Newsfile Corp. - October 3, 2023) - iPower Inc. (NASDAQ: IPW) ("iPower" or the "Company"), a tech and data-driven online retailer and supplier of consumer home and garden products, as well as a provider of value-added ecommerce services, will present and host one-on-one meetings at the 16th Annual LD Micro Invitational, which is taking place at the Luxe Sunset Boulevard Hotel in Los Angeles, California on October 3-5, 2023.

Key Points: 
  • Duarte, California--(Newsfile Corp. - October 3, 2023) - iPower Inc. (NASDAQ: IPW) ("iPower" or the "Company"), a tech and data-driven online retailer and supplier of consumer home and garden products, as well as a provider of value-added ecommerce services, will present and host one-on-one meetings at the 16th Annual LD Micro Invitational, which is taking place at the Luxe Sunset Boulevard Hotel in Los Angeles, California on October 3-5, 2023.
    iPower is scheduled to present on Wednesday, October 4 at 1:00 PM PT, and will host one-on-one meetings throughout the day.
  • For additional information about the conference, or to schedule one-on-one meetings with the Company's management team, please contact Elevate IR at [email protected] .