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 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

Earnings data Q4 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.

Ideal Power reports modest Q3 revenue, eyes growth opportunities

Ideal Power's Q3 2024 performance reflects a focus on automotive qualification testing and cost management.
While challenges in operating expenses and cash burn persist, strategic collaborations and product enhancements position the company well.
Opportunities lie in market expansion through new distributor partnerships and positive testing results for B-TRAN devices.
Balancing short-term financial constraints with long-term growth potential will be key for Ideal Power's future success.

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.

This Marks the Second Top 10 Global Automaker Engagement for Ideal Power This Marks the Second Top 10 Global Automaker Engagement for Ideal Power

Ideal Power Enters into Development Agreement with Top 10 Global Automaker for B-TRAN™-based Electric Vehicle Power Module

AUSTIN, Texas, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional power switch, today announced its participation in the H.C. Wainwright 24th Annual Global Investment Conference. Dan Brdar, President and Chief Executive Officer, and Tim Burns, Chief Financial Officer, are scheduled to present and hold meetings with investors as follows:

Ideal Power to Present at H.C. Wainwright 24th Annual Global Investment Conference

Ideal Power Inc. (NASDAQ:IPWR ) Q2 2022 Earnings Conference Call August 15, 2022 4:30 PM ET Company Participants Carolyn Capaccio - LHA Investor Relations SVP Dan Brdar - CEO President and Director Tim Burns - CFO, Secretary and Treasurer Conference Call Participants David Williams - Benchmark Orin Hirschman - AIGH Investment Partners Don Slowinski - Winslow Asset Group Taylor Fredericks - Arrowhead Peter Sidoti - Sidoti & Company Robert Ainbinder - GoldStreet Operator Welcome to the Ideal Power Second Quarter 2022 Results Conference Call. All participants will be in listen-only mode.

Ideal Power Inc. (IPWR) CEO Dan Brdar on Q2 2022 Results - Earnings Call Transcript

AUSTIN, Texas, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional power switch, today announced it delivered initial Bidirectional, Bipolar Junction Transistor (B-TRAN™) devices to Diversified Technologies, Inc. (DTI) under the contract awarded to DTI by the United States Naval Sea Systems Command (NAVSEA) to develop and demonstrate a B-TRAN™ enabled high efficiency 12kV medium voltage direct current (MVDC) circuit breaker. These initial devices will be utilized for characterization and testing to support DTI's breaker design efforts in advance of future device deliveries for incorporation into a full-scale MVDC circuit breaker. Prior to delivery, the B-TRAN™ devices were tested and demonstrated results consistent with the very low losses predicted by prior internal and third-party simulations.

Ideal Power Delivers Initial B-TRAN™ Devices to Diversified Technologies under NAVSEA Program

AUSTIN, Texas, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced its participation in two August 2022 investor conferences. Dan Brdar, President and Chief Executive Officer, and Tim Burns, Chief Financial Officer, are scheduled to present and hold meetings with investors as follows:

Ideal Power to Present at August 2022 Conferences

AUSTIN, Texas, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Ideal Power Inc. (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 Monday, August 15, 2022, at 4:30 p.m. Eastern Time to discuss its results for the second quarter ended June 30, 2022. A press release detailing these results will be issued prior to the call.

Ideal Power to Host Second Quarter 2022 Results Conference Call on Monday, August 15, 2022 at 4:30 P.M. Eastern Time

AUSTIN, Texas, May 18, 2022 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced its participation in the H.C. Wainwright Global Investment Conference. Dan Brdar, President and Chief Executive Officer, and Tim Burns, Chief Financial Officer, are scheduled to present and hold meetings with investors as follows:

Ideal Power to Present at H.C. Wainwright Global Investment Conference

Ideal Power Inc. (NASDAQ:IPWR ) Q1 2022 Earnings Conference Call May 16, 2022 4:30 PM ET Company Participants Carolyn Capaccio – Investor Relations-LHA Dan Brdar – President and Chief Executive Officer Tim Burns – Chief Financial Officer Conference Call Participants David Williams – Benchmark Orin Hirschman – AIGH Investment Partners Don Slowinski – Winslow Asset Group Operator Good day and welcome to the Ideal Power, First Quarter 2022 Results Conference Call. Today's conference is being recorded.

Ideal Power Inc. (IPWR) CEO Dan Brdar on Q1 2022 Results - Earnings Call Transcript

AUSTIN, Texas, May 16, 2022 (GLOBE NEWSWIRE) -- Ideal Power Inc. (“Ideal Power” or the “Company”) (Nasdaq: IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, reported results for its first quarter ended March 31, 2022.

Ideal Power Reports First Quarter 2022 Financial Results

Ideal Power signed various market leaders from different industries to its test and evaluation program. The company completed the deliverables for the Phase 1 Small Business Innovation Research grant issued by the Department of Energy (DoE) for its B-TRAN™-enabled solid-state circuit breaker.

Ideal Power: Progressing Toward Commercialization

AUSTIN, Texas, May 02, 2022 (GLOBE NEWSWIRE) -- Ideal Power Inc. (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 Monday, May 16, 2022 at 4:30 p.m. Eastern Time to discuss its results for the first quarter ended March 31, 2022. A press release detailing these results will be issued prior to the call.

Ideal Power to Host First Quarter 2022 Results Conference Call on Monday, May 16, 2022 at 4:30 P.M. Eastern Time

Ideal Power Inc. (IPWR) CEO Dan Brdar on Q4 2021 Results - Earnings Call Transcript

AUSTIN, Texas, March 17, 2022 (GLOBE NEWSWIRE) -- Ideal Power Inc. (“Ideal Power” or the “Company”) (Nasdaq: IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, reported results for its fourth quarter and full year ended December 31, 2021.

Ideal Power Reports Fourth Quarter and Full Year 2021 Financial Results

AUSTIN, Texas, March 14, 2022 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bidirectional power switches, today announced that its Board of Directors (“Board”) appointed two new independent members, Drue Freeman and Greg Knight, to the Board. As a result of these appointments, Ideal Power's Board will increase in size from three to five members, four of whom are independent. These directors will bring deep expertise in semiconductors and significant experience and relationships in the Company's initial target markets for B-TRAN™, including electric vehicles (EVs), renewable energy, energy storage and power electronics.

Ideal Power Appoints Two Independent Members to its Board of Directors

AUSTIN, Texas, March 07, 2022 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bidirectional power switches, announced today that it has delivered on its Phase I project commitments under the Small Business Innovation Research (SBIR) grant awarded in collaboration with Diversified Technologies, Inc. (DTI) from the Department of Energy (DOE) to develop the conceptual design for a B-TRAN™-driven low-loss 50MW, 13.8 kV alternating current (AC) solid-state circuit breaker (SSCB). The SSCB is intended to be used in medium voltage power distribution and renewable energy / microgrid connection to the United States main power grid.

Ideal Power Completes Department of Energy SBIR Phase I Project Deliverables for a B-TRAN™ Enabled AC Solid-State Circuit Breaker

AUSTIN, Texas, March 03, 2022 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bidirectional power switches, today announced that management will hold a conference call on Thursday, March 17, 2022 at 4:30 p.m. Eastern Time to discuss its results for the fourth quarter and full year ended December 31, 2021. A press release detailing these results will be issued prior to the call.

Ideal Power to Host Fourth Quarter and Full Year 2021 Results Conference Call on Thursday, March 17, 2022 at 4:30 P.M. Eastern Time

Austin, Texas--(Newsfile Corp. - March 2, 2022) - Ideal Power Inc. (NASDAQ: IPWR), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bidirectional power switches, today announced its participation in the Q1 2022 Virtual Investor Summit. Dan Brdar, President and Chief Executive Officer, and Tim Burns, Chief Financial Officer, are scheduled to present and hold meetings with investors as follows:Q1 2022 Virtual Investor Summit Presentation Date: Wednesday, March 9, 2022 Presentation Time:...

Ideal Power to Present at the Q1 2022 Virtual Investor Summit

AUSTIN, Texas, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bidirectional power switches, today announced its participation in the 24th Annual Needham Virtual Growth Conference. Dan Brdar, President and Chief Executive Officer, and Tim Burns, Chief Financial Officer, are scheduled to present and hold meetings with investors as follows:

Ideal Power to Present at the 24th Annual Needham Virtual Growth Conference

AUSTIN, Texas, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bidirectional power switches, today announced its participation in two December 2021 investor conferences. Dan Brdar, President and Chief Executive Officer, and Tim Burns, Chief Financial Officer, will present and hold meetings with investors at the following conferences:

Ideal Power to Present at December 2021 Investor Conferences

AUSTIN, Texas, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bidirectional power switches, today announced that management is scheduled to participate in The Benchmark Company Technology One-on-One Investor Conference (Virtual) on November 17, 2021.

Ideal Power To Present at The Benchmark Company Technology One-on-One Investor Conference

Ideal Power Inc. (IPWR) CEO Daniel Brdar on Q3 2021 Results - Earnings Call Transcript

AUSTIN, Texas, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Ideal Power Inc. (“Ideal Power” or the “Company”) (Nasdaq: IPWR), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bidirectional power switches, reported results for its third quarter ended September 30, 2021.

Ideal Power Reports Third Quarter 2021 Financial Results

AUSTIN, Texas, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bidirectional power switches, has released a whitepaper, “ B-TRAN™  Devices in Solid-State Circuit Breaker Applications ”. The whitepaper describes how Ideal Power's patented, proprietary, semiconductor power switch architecture, the Bidirectional Bipolar Junction Transistor (B-TRAN™), solves the limitations of both mechanical circuit breakers now in widespread use, as well as those of solid-state circuit breaker (SSCB) solutions using power semiconductors such as the Insulated-Gate Bipolar Transistor (IGBT).

Ideal Power Releases Whitepaper on B-TRAN™ Enabled Solid-State Circuit Breakers

AUSTIN, Texas, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bidirectional power switches, today announced that a Forbes 2021 Global 500 leader in diverse power management markets will be testing and evaluating B-TRAN™ for use in bidirectional direct current solid-state circuit breaker (SSCB) applications for solar and wind systems. B-TRAN™ will be evaluated against insulated-gate bipolar transistors (IGBTs) and silicon carbide power devices. This represents Ideal Power's first test and evaluation announcement in the industrial and utility SSCB space. This global power management leader will evaluate B-TRAN™ initially for multiple SSCB applications, with other power conversion and distribution applications expected to follow. The circuit breaker market is projected to grow at a compound annual growth rate of over 6% to $25.85 billion by 2027.

Ideal Power Adds Global Diverse Power Management Market Leader to its B-TRAN™ Test and Evaluation Program

AUSTIN, Texas, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bi-directional power switches, today announced that management will hold a conference call on Wednesday, November 10, 2021 at 4:30 p.m. Eastern Time to discuss its results for the third quarter ended September 30, 2021. A press release detailing these results will be issued prior to the call.

News for Ideal Power Stock (IPWR)