Ideal Pwr Inc Stock Price, News & Analysis

Ideal Power (Nasdaq: IPWR) reported its Q3 2022 results, highlighting progress in commercializing its B-TRAN™ semiconductor technology. Key developments include a product agreement with a top 10 global automaker for EV applications, and additional B-TRAN™ shipments to Diversified Technologies for the NAVSEA program. Financially, grant revenue fell to $10,675 compared to $121,028 in Q3 2021, while operating expenses increased to $1.8 million. The net loss was $1.7 million, up from $1.2 million a year prior. Cash and equivalents stood at $18.5 million with no long-term debt.

On November 1, 2022, Ideal Power (NASDAQ: IPWR) announced a conference call scheduled for November 14, 2022, at 4:30 p.m. EST to discuss the third quarter results ending September 30, 2022. This call will be hosted by President and CEO Dan Brdar and CFO Tim Burns, followed by a Q&A session. Interested participants can join using the provided toll-free and international dial-in numbers. A press release with the financial results will precede the call, and a replay will be accessible until December 14, 2022. Ideal Power focuses on innovative energy solutions using its patented B-TRAN™ technology.

Ideal Power Inc. (IPWR) announced its participation in the H.C. Wainwright 24th Annual Global Investment Conference, scheduled for September 12-14, 2022. Dan Brdar, President and CEO, along with CFO Tim Burns, will present virtually starting at 7:00 a.m. ET on September 12. The conference will allow for one-on-one meetings with investors. Ideal Power focuses on its patented B-TRAN™ bidirectional power switch technology, enhancing efficiency in various applications, including electric vehicles and renewable energy. A replay of the session and investor presentation will be available on their website.

Ideal Power reported its second quarter results for 2022, highlighting significant operational advancements in the development of its B-TRAN™ semiconductor technology. Initial packaged B-TRAN™ devices were delivered to Diversified Technologies for a MVDC circuit breaker demonstration. The company added new participants to its test program and completed driver testing for production. Financially, second quarter grant revenue decreased to $50,978 from $84,705 in 2021, while operating expenses rose to $1.7 million, leading to a net loss of $1.7 million. Cash reserves stood at $20 million as of June 30, 2022.

On August 10, 2022, Ideal Power (NASDAQ: IPWR) announced the delivery of initial B-TRAN™ devices to Diversified Technologies, Inc. (DTI) as part of a U.S. Navy contract. These devices aim to enhance the efficiency of medium voltage direct current (MVDC) circuit breakers, demonstrating lower conduction losses compared to traditional systems. This delivery is a crucial step in supporting DTI's project under the Department of Defense’s Rapid Innovation Fund, projected to capitalize on a growing circuit breaker market reaching $26 billion by 2027.

On August 9, 2022, Ideal Power (NASDAQ: IPWR) announced its participation in two upcoming investor conferences. The company will present its innovative B-TRAN™ bidirectional semiconductor technology.

Key details include:

• Q3 Investor Summit on August 17, 2022, at 10:15 a.m. ET.
• Sidoti & Company Micro-Cap Virtual Conference on August 18, 2022, at 12:15 p.m. ET.

Both events offer opportunities for investor meetings, and webcasts will be available on Ideal Power's website.

Ideal Power (NASDAQ: IPWR) has announced a conference call scheduled for August 15, 2022, at 4:30 p.m. EDT to discuss its second-quarter financial results for the period ending June 30, 2022. The call will be hosted by President and CEO Dan Brdar and CFO Tim Burns, followed by a Q&A session. Interested parties can join the call via toll-free or international numbers. It will be accessible live and for replay afterward. Ideal Power specializes in innovative semiconductor technology with its B-TRAN™ bidirectional power switch, aimed at improving energy efficiency across multiple sectors.

Ideal Power (Nasdaq: IPWR) announced its participation in the H.C. Wainwright Global Investment Conference on May 24, 2022. Dan Brdar, President and CEO, along with CFO Tim Burns, will present a virtual session starting at 7:00 a.m. ET. They will also engage with investors from May 24th to 26th. The company's Bidirectional, Bipolar Junction Transistor (B-TRAN™) technology offers enhanced energy control solutions for various applications, aiming to improve efficiency and reduce costs in power switching. A replay of the session and the latest investor presentation will be available on their website.