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.

AUSTIN, Texas, Feb. 12, 2021 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR) (the “Company” or “Ideal Power”) , pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bi-directional power switches, today announced the closing of an underwritten public offering of 1,352,975 shares of its common stock, which included 176,475 shares that were issued pursuant to the full exercise of the underwriter's option to purchase additional shares, at a public offering price of $17.00 per share, before underwriting discounts and commissions, for an aggregate offering of approximately $23 million. The proceeds to the Company from this offering are expected to be approximately $21.1 million after deducting underwriting discounts and commissions and other estimated offering expenses.

Ideal Power Announces Completion of Public Offering of Common Stock and Full Exercise of Underwriter's Option to Purchase Additional Shares

AUSTIN, Texas, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR) (the “Company” or “Ideal Power”), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bi-directional power switches, today announced the pricing of an underwritten public offering of 1,176,500 shares of its common stock at a public offering price of $17.00 per share, before underwriting discounts and commissions, for an aggregate offering of approximately $20 million. In addition, the Company has granted the underwriter a 30-day option to purchase up to an additional 176,475 shares of its common stock, less underwriting discounts and commissions. The proceeds to the Company from this offering are expected to be approximately $18.35 million after deducting underwriting discounts and commissions and other estimated offering expenses but excluding any exercise of the underwriter's option. All shares of common stock to be sold in the offering will be offered by the Company. The offering is expected to close on or about February 11, 2021, subject to the satisfaction of customary closing conditions.

Ideal Power Announces Pricing of Public Offering of Common Stock

AUSTIN, Texas, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR) (the “Company” or “Ideal Power”), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bi-directional power switches, today announced that it has commenced an underwritten public offering of shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering. All shares of common stock to be sold in the offering will be offered by the Company. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.

Ideal Power Announces Proposed Public Offering of Common Stock

IPWR stock is on the move today after Ideal Power published a new white paper. Here's what to know about the high-flying battery play.

IPWR Stock News: 12 Things to Know as Ideal Power Rockets Higher

AUSTIN, Texas, Jan. 21, 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, has posted to its website a whitepaper, “B-TRAN™ Applications and Benefits”. The whitepaper describes how its patented, proprietary, bi-directional semiconductor power switch architecture, Bi-directional Bipolar Junction Transistor (B-TRAN™), drives performance, efficiency and cost savings in key emerging and mature markets.

Ideal Power Whitepaper: Significant B-TRAN™ Benefits in Numerous Electric Vehicle, Renewable Energy, Data Center Applications

AUSTIN, Texas, Dec. 09, 2020 (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 it will present at the LD Micro's 13th Annual Main Event.

Ideal Power to Present at 13th Annual LD Micro Main Event

AUSTIN, Texas, Nov. 13, 2020 (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 it will virtually meet with investors at the following Fall 2020 investor conferences:

Ideal Power to Present at Fall 2020 Conferences

Ideal Power Inc.'s (IPWR) CEO Dan Brdar on Q3 2020 Results - Earnings Call Transcript

AUSTIN, Texas, Oct. 29, 2020 (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 Thursday, November 12, 2020 at 4:30 p.m. Eastern Time to discuss its results for the third quarter ended September 30, 2020. A press release detailing these results will be issued prior to the call.

Ideal Power to Host Third Quarter 2020 Results Conference Call on Thursday, November 12, 2020 at 4:30 P.M. Eastern Time

AUSTIN, Texas, Sept.  09, 2020  (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 is scheduled to participate in H.C. Wainwright 22nd Annual Global Investment Conference on September 15, 2020.   

Ideal Power To Present at the H.C. Wainwright 22nd Annual Global Investment Conference

AUSTIN, Texas, Aug.  19, 2020  (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 is scheduled to participate in the LD Micro 500 Virtual Conference on September 1-4, 2020.   

Ideal Power To Present at the LD Micro 500 Virtual Conference

Ideal Power Inc. (IPWR) CEO Daniel Brdar on Q2 2020 Results - Earnings Call Transcript

Continued Progress through Phase Two of B-TRAN™ Commercialization Plan Continued Progress through Phase Two of B-TRAN™ Commercialization Plan

Ideal Power Reports Second Quarter 2020 Financial Results

AUSTIN, Texas, Aug.  10, 2020  (GLOBE NEWSWIRE) --  Ideal Power Inc.  (NASDAQ: IPWR) (the “Company”), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bi-directional power switches, was awarded a $1.2 million contract by  Diversified Technologies, Inc.  (DTI) to supply B-TRAN™ devices as part of a two-year, $3.0 million contract awarded to DTI by the  United States Naval Sea Systems Command  (NAVSEA). The objective of the project is to develop and demonstrate B-TRAN™ enabled high efficiency 12kV medium voltage direct current (MVDC) circuit breakers for the U.S. Navy as part of their ship electrification program. The project is funded under the Department of Defense’s Rapid Innovation Fund, which is designed to accelerate the commercialization of high-value, high-impact technologies.

Ideal Power Signs $1.2 Million Contract to Partner with Diversified Technologies on Demonstration of B-TRAN™ Enabled High Efficiency Direct Current Circuit Breaker

AUSTIN, Texas, Aug.  05, 2020  (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR) (the “Company” or “Ideal Power”) has completed an early warrant exercise transaction with certain of the Company’s Series A warrant holders through a letter of agreement between the Company and such Series A warrant holders. The transaction raised approximately $2.7 million in gross proceeds.  Ideal Power intends to use the proceeds from the transaction to fund commercialization and development of the Company’s patented Bi-directional, Bi-polar Junction Transistor (B-TRAN™) semiconductor technology and general corporate and working capital purposes.

Ideal Power Completes Early Warrant Exercise Transaction

AUSTIN, Texas, Aug.  03, 2020  (GLOBE NEWSWIRE) -- On July 31, 2020, Ideal Power Inc. (Nasdaq: IPWR) (the “Company” or “Ideal Power”) entered into an early warrant exercise transaction with certain of the Company’s Series A warrant holders through a letter agreement between the Company and such Series A warrant holders, pursuant to which the Company will raise approximately $2.7 million in gross proceeds.  A portion of the proceeds from the transaction will be utilized to fund commercialization and development of the Company’s patented Bi-directional, Bi-polar Junction Transistor (B-TRAN™) semiconductor technology. As an incentive for the Series A warrant holders to exercise their Series A warrants early, the holders will be issued new Series C warrants to purchase up to an aggregate of 705,688 shares of the Company’s common stock, at an exercise price of $8.90 per share, through a private placement.

UPDATE - Ideal Power Enters into Early Warrant Exercise Transaction

AUSTIN, Texas, Aug.  03, 2020  (GLOBE NEWSWIRE) -- 2020, Ideal Power Inc. (Nasdaq: IPWR) (the “Company” or “Ideal Power”) entered into an early warrant exercise transaction with certain of the Company’s Series A warrant holders through a letter agreement between the Company and such Series A warrant holders, pursuant to which the Company will raise approximately $2.7 million in gross proceeds.  A portion of the proceeds from the transaction will be utilized to fund commercialization and development of the Company’s patented Bi-directional, Bi-polar Junction Transistor (B-TRAN™) semiconductor technology. As an incentive for the Series A warrant holders to exercise their Series A warrants early, the holders will be issued new Series C warrants to purchase up to an aggregate of 705,688 shares of the Company’s common stock, at an exercise price of $8.90 per share, through a private placement.

Ideal Power Enters into Early Warrant Exercise Transaction

Management to Host Conference Call Today at 4:30 p.m. ET Management to Host Conference Call Today at 4:30 p.m. ET

Ideal Power Announces Leadership Changes and Business Update

Ideal Power Inc. (IPWR) CEO Lon Bell on Q4 2019 Results - Earnings Call Transcript

Ideal Power Inc. (IPWR) CEO Lon Bell on Q3 2019 Results - Earnings Call Transcript

AUSTIN, Texas, Nov.  08, 2019  (GLOBE NEWSWIRE) -- Ideal Power Inc. (“Ideal Power”) (Nasdaq: IPWR), which is pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bi-directional power switches, today announced that it has entered into definitive agreements with certain institutional and accredited investors, including Dr. Lon E. Bell, Chief Executive Officer and Chairman of the Board of Ideal Power, for a private placement of Ideal Power’s common stock (or common stock equivalents) and warrants to purchase common stock for aggregate gross proceeds of $3.5 million (the “Offering”). The Offering is expected to close on or about November 13, 2019, subject to the satisfaction of customary closing conditions.

Ideal Power Announces $3.5 Million Private Placement

AUSTIN, Texas, Sept.  24, 2019  (GLOBE NEWSWIRE) --  Ideal Power Inc.  (NASDAQ: IPWR), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bi-directional power switches, has sold its Power Conversion Systems business and Power Packet Switching Architecture (PPSA™) technology to  CE+T Energy Solutions, Inc.  for a combination of cash and shares of common stock of CE+T Energy Solutions, a provider of innovative energy solutions for the data center, microgrid, energy storage and industrial markets. CE+T Energy Solutions is a subsidiary of CE+T Group, the winner of the $1 million  Google Little Box Challenge  for a revolutionary power converter. The transaction closed on September 19, 2019.

CE+T Energy Solutions Acquires Ideal Power’s Power Conversion Business Unit and Technology

Ideal Power Inc. (IPWR) CEO Lon Bell on Q2 2019 Results - Earnings Call Transcript

News for Ideal Power Stock (IPWR)