Ideal Power

Ideal Power, Inc. engages in the development of power converter solutions for photovoltaic generation, grid-storage and electrified vehicle charging. Its products include solar inverters, bi-directional battery, electric vehicle chargers, photovoltaic inverters and battery converters. The firm has developed the patented Power Packet Switching Architecture power conversion technology. The company was founded by William C. Alexander on May 17, 2007 and is headquartered in Austin, TX.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Ideal Power reports Q4 results, eyes growth in defense and EV markets

Ideal Power's Q4 2022 performance saw grant revenue of $17,000 and operating expenses of $2 million.
The company is well-positioned with $16.3 million in cash and expects cash burn of $1.8-2 million in Q1 2023.
Strong partnerships and product commercialization efforts indicate a positive outlook for 2023.
Challenges in cost management, cash burn, and industry uncertainties require strategic planning for sustained growth.

Ideal Power advances B-TRAN tech and partnerships amidst revenue challenges

Ideal Power's Q1 2023 performance reflects progress in technology commercialization and strategic partnerships despite minimal revenue.
The company's focus on innovation, cost control, and milestone achievement underscores their commitment to long-term success.
With ample liquidity, an asset-light model, and a clear roadmap for growth, Ideal Power is poised to capitalize on market opportunities.

Ideal Power transitions successfully to commercial entity, eyes revenue growth

Ideal Power showcased strong progress in transitioning to a commercial entity, achieving milestones in B-TRAN device manufacturing and introducing the SymCool Power Module for solid-state circuit breakers.
The company reported Q2 2023 revenue of $98,000 from development and $37,000 from grants, with a net loss of $2.3 million and cash burn of $1.8 million, maintaining ample liquidity to fund operations through 2024.
Revenue from automaker adoption of B-TRAN technology is expected in 2025, with revenue per electric vehicle estimated at $800 to $1,000 and margins projected to reach 50% at volume.
Ideal Power's strategic strengths lie in its dual-sourcing approach for wafer fabrication, no debt structure, and potential for licensing technology to semiconductor players, positioning the company for future growth and success.

Ideal Power advances B-TRAN technology, eyes growth amid financial challenges

Ideal Power made significant progress in Q3 2023, focusing on commercializing B-TRAN technology for renewable energy and EV markets.
While facing challenges in managing cash burn and pricing strategies, the company is strategically positioned for growth and profitability.
Opportunities lie in upcoming development revenue, product sales ramp-up, and potential licensing benefits, driving future success.
Overall, Ideal Power's performance reflects a balance of achievements, strengths, challenges, and opportunities in its strategic roadmap.

Ideal Power advances B-TRAN tech, plans growth in key markets

Ideal Power's Q4 2023 earnings call highlighted progress in commercializing B-TRAN semiconductor technology, revenue growth in key markets, and plans for 2024. The company faces challenges in distribution but sees opportunities in engaging with auto suppliers and enhancing B-TRAN technology. Financially, Ideal Power reported revenue and outlined cash burn expectations for 2024.

Ideal Power reports steady Q1 performance amidst strategic advancements

Ideal Power's Q1 2024 performance showed modest revenue with controlled expenses. The company's strengths lie in technological advancements and strategic partnerships. Challenges include managing expenses while driving revenue growth. Opportunities exist in market growth and expanding relationships.

Ideal Power reports milestone achievements and financial insights in Q2 2024 earnings call

Ideal Power's Q2 2024 earnings call highlighted strong performance metrics, strategic collaborations, and financial insights. While facing challenges such as competition and market dynamics, the company remains optimistic about future opportunities and growth potential. Analyst inquiries reflected a keen interest in the company's strategic direction and market positioning.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Ideal Power, Inc. engages in the development of power converter solutions for photovoltaic generation, grid-storage and electrified vehicle charging. Its products include solar inverters, bi-directional battery, electric vehicle chargers, photovoltaic inverters and battery converters. It is focused on its patented Bidirectional, Bipolar Junction Transistor (B-TRAN) semiconductor technology. The company was founded by William C. Alexander on May 17, 2007 and is headquartered in Austin, TX.

AUSTIN, TX / ACCESSWIRE / April 10, 2024 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQ:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced it received a purchase order from a global leader in power semiconductor and power electronics solutions. The customer purchased B-TRAN™ devices and a circuit breaker evaluation board and is collaborating with Ideal Power on a solid-state circuit breaker (SSCB) design in connection with its launch of a multi-year DC power distribution system program.

Ideal Power Receives Order from Global Leader in Power Semiconductor and Power Electronics Solutions

Emerging Growth Virtual Conference on April 3, 2024 Alliance Global Partners Virtual Energy Conference on April 10, 2024 AUSTIN, TX / ACCESSWIRE / April 2, 2024 / Ideal Power Inc. (NASDAQ:IPWR) ("Ideal Power," the "Company," "we," "us" or "our"), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced management's plans for participation in upcoming investor conferences. Emerging Growth Virtual Conference on April 3, 2024 Ideal Power plans to present at the Emerging Growth Virtual Conference on April 3 at 2:40 ET.

Ideal Power Announces Plans for Upcoming Investor Conferences

AUSTIN, TX / ACCESSWIRE / March 28, 2024 / Ideal Power Inc. (NASDAQ:IPWR) ("Ideal Power," the "Company," "we," "us" or "our"), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, announced today the closing of its previously announced underwritten public offering of 2,000,000 shares of its common stock (or pre-funded warrants in lieu thereof) at an offering price of $7.50 per share of common stock. Titan Partners Group, a division of American Capital Partners, acted as sole book-running manager for the offering.

Ideal Power Inc. Announces Closing of $15 Million Public Offering

AUSTIN, TX / ACCESSWIRE / March 25, 2024 / Ideal Power Inc. (NASDAQ:IPWR) ("Ideal Power," the "Company," "we," "us" or "our"), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced that it has priced its previously announced underwritten public offering of 2,000,000 shares of its common stock (or pre-funded warrants in lieu thereof) at an offering price of $7.50 per share of common stock. Ideal Power has granted the underwriter a 30-day option to purchase up to 300,000 additional shares of its common stock on the same terms and conditions.

Ideal Power Inc. Announces Pricing of $15.0 Million Public Offering

AUSTIN, TX / ACCESSWIRE / March 25, 2024 / Ideal Power Inc. (Nasdaq:IPWR) ("Ideal Power," the "Company," "we," "us" or "our"), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced that it has commenced an underwritten public offering (the "offering") of shares of its common stock (or pre-funded warrants in lieu thereof). Ideal Power also intends to grant the underwriter a 30-day option to purchase up to an additional 15% of the aggregate number of shares of its common stock sold in the offering.

Ideal Power Inc. Announces Proposed Public Offering

AUSTIN, TX / ACCESSWIRE / March 18, 2024 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (Nasdaq:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced an agreement with Richardson Electronics, Ltd. (RELL) for the global distribution of Ideal Power's products including the discrete B-TRAN™ device and SymCool™ power module "We are excited to announce Richardson Electronics as the first distributor for our products.

Ideal Power Announces Global Distribution Agreement with Richardson Electronics, Ltd.

Ideal Power Inc. (IPWR) Q4 2023 Earnings Call Transcript

AUSTIN, TX / ACCESSWIRE / February 29, 2024 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQ:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, reports results for its fourth quarter and full year ended December 31, 2023. "We made great progress delivering against our B-TRAN™ commercial roadmap in 2023 and that progress has continued into 2024," said Dan Brdar, President and Chief Executive Officer of Ideal Power.

Ideal Power Reports Fourth Quarter and Full Year 2023 Financial Results

AUSTIN, TX / ACCESSWIRE / February 22, 2024 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQ:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced the successful completion of Phase II deliverables of a product development agreement with Stellantis, a top 10 global automaker. Ideal Power is partnering with Stellantis' advanced technology development team to develop a custom B-TRAN™ power module for use in electric vehicle ("EV") drivetrain inverters in Stellantis' next generation EV platform.

Ideal Power Successfully Completes Phase II of Development Program with Stellantis

AUSTIN, TX / ACCESSWIRE / February 20, 2024 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQ:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced that the Company commenced commercial shipment of its SymCool™ Power Module to a large, global customer. "The commencement of SymCool™ shipments to fulfill customer orders is an exciting time for Ideal Power and a pivotal step in the commercialization of our B-TRAN™ technology.

Ideal Power Commences Shipment of SymCool(TM) Power Module to Fulfill Customer Orders

AGCO

Biogen

B2Gold

Gilead Sciences

Philip Morris

Transocean

Stock turnarounds can happen when you least expect it. And with the opposite scenario imposing a rude awakening, it's time to at least consider last year's losers to make big splashes in 2024.

From Zero to Hero: 7 Stock Losers That Could Turn Things Around in 2024

AUSTIN, TX / ACCESSWIRE / February 15, 2024 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQ:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced that management will hold a conference call on Thursday, February 29, 2024 at 10:00 AM Eastern Time to discuss its results for the fourth quarter and full year ended December 31, 2023. A press release detailing these results will be issued prior to the call.

Ideal Power to Host Fourth Quarter and Full Year 2023 Results Conference Call on February 29, 2024 at 10:00 AM Eastern Time

AUSTIN, TX / ACCESSWIRE / February 8, 2024 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQ:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced the release of B-TRAN™ and SymCool™ videos and application notes on the Company's website. These videos and application notes showcase the B-TRAN™ bidirectional power switch and multi-die SymCool™ power module.

Ideal Power Releases B-TRAN(TM) and SymCool(TM) Videos and Application Notes

Stellantis N.V. 

AUSTIN, TX / ACCESSWIRE / December 18, 2023 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (Nasdaq:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, announced Stellantis, a top 10 global automaker, recognized Ideal Power and its program with Stellantis as a finalist in the 2023 Stellantis Venture Awards. Stellantis' selections were based on successful collaboration, top-performing startup, impact on customer experience, novelty of the technology, and its potential scale within Stellantis.

Stellantis Named Ideal Power Finalist in 2023 Stellantis Venture Awards

Ideal Power Inc. (NASDAQ:IPWR ) Q3 2023 Results Conference Call November 14, 2023 10:00 AM ET Company Participants Jeff Christensen - IR Dan Brdar - President and Chief Executive Officer Tim Burns - Chief Financial Officer Conference Call Participants David Williams - The Benchmark Company Jeff Grampp - Alliance Global Partners Brian Dobson - Chardan Capital Markets Operator Good morning, ladies and gentlemen. And welcome to the Ideal Power Third Quarter 2023 Results Call.

Ideal Power Inc. (IPWR) Q3 2023 Earnings Call Transcript

AUSTIN, TX / ACCESSWIRE / November 14, 2023 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQ:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, reported results for its third quarter ended September 30, 2023. "We executed to plan again in the third quarter as we introduced our SymCool™ IQ intelligent power module and completed shipments to all the large companies in our test and evaluation program.

Ideal Power Reports Third Quarter 2023 Financial Results

Draganfly Inc

Vision Marine Technologies

Over the last 10 years or so, more and more investment vehicles targeting ESG (environmental, social and governance) stocks have appeared on the market, and it's easy to see why. Asset manager Capital Group conducted a study in 2022 that showed that nearly 90% of investors now take ESG factors into consideration when picking stocks or other investments.

These 5 small-cap impact stocks are making social change

AUSTIN, TX / ACCESSWIRE / October 31, 2023 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQ:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced that management will hold a conference call on Tuesday, November 14, 2023 at 10:00 AM Eastern Time to discuss its results for the third quarter ended September 30, 2023. A press release detailing these results will be issued prior to the call.

Ideal Power to Host Third Quarter 2023 Results Conference Call on November 14, 2023 at 10:00 AM Eastern Time

AUSTIN, TX / ACCESSWIRE / September 28, 2023 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (Nasdaq:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced the launch of its second commercial product, the SymCool™ IQ Intelligent Power Module. SymCool™ IQ builds on the bidirectional B-TRAN™ multi-die packaging design of our SymCool™ power module and adds an integrated intelligent driver optimized for bidirectional operation.

Ideal Power Adds SymCool(TM) IQ to its Commercial Product Offerings

AUSTIN, TX / ACCESSWIRE / September 26, 2023 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (Nasdaq:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced a European-based global power conversion and energy storage supplier with over $500 million in annual sales entered into an agreement with Ideal Power to test and evaluate B-TRAN™ power semiconductors for its static switches in data center UPS systems, solar inverters, and energy storage products. Their focus is on improving energy efficiency in these products to reduce operating costs for their customers.

Ideal Power Adds Global Power Conversion Supplier to its B-TRAN(TM) Test and Evaluation Program

AUSTIN, TX / ACCESSWIRE / August 22, 2023 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQ:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, entered into Phase II of a product development agreement with a top 10 global automaker. Under this agreement, Ideal Power is partnering with the automaker's advanced technology development team and an innovative packaging company selected by the automaker to develop a custom B-TRAN™ power module for use in electric vehicle ("EV") drivetrain inverters in the automaker's next generation EV platform.

Ideal Power Secures Phase II of Development Program with Top 10 Global Automaker

AUSTIN, TX / ACCESSWIRE / August 10, 2023 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQ:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, reported results for its second quarter ended June 30, 2023. "The second quarter and 2023 thus far were transformative in our transition from a technology development company to a commercial company and included some of the most significant accomplishments in the Company's history.

Ideal Power Reports Second Quarter 2023 Financial Results

Ideal Power is adding big companies to its test and evaluation program, and its development program with a top-10 car producer is on track to complete Phase 1 in Q2. It has launched its first commercial product and a second one is scheduled to launch in Q3, although sales will not ramp before 2024 as design incorporations take time. B-TRAN achieved another 20% conduction loss improvement which is rare in this space.

Ideal Power Firmly On The 'Gradually, Then Suddenly' Path To Customer Adoption

AUSTIN, TX / ACCESSWIRE / July 27, 2023 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQ:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced that management will hold a conference call on Thursday, August 10, 2023 at 10:00 AM Eastern Time to discuss its results for the second quarter ended June 30, 2023. A press release detailing these results will be issued prior to the call.

Ideal Power to Host Second Quarter 2023 Results Conference Call on Thursday, August 10, 2023 at 10:00 AM Eastern Time

AUSTIN, TX / ACCESSWIRE / July 19, 2023 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQ:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, commenced B-TRAN™ customer shipments to test and evaluation program participants. B-TRAN™ customer shipments include multiple packaged B-TRAN™ devices, a device driver, and a power test board housed in a safety enclosure to facilitate and accelerate the evaluation process.

News for Ideal Power Stock (IPWR)