Ideal Power Inc reports results for the quarter ended in June - Earnings Summary

Ideal Power

10/08/2023 16:05

* Ideal Power Inc  IPWR.OQ  reported a quarterly adjusted
loss
of 37 cents​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for a loss of 42 cents per
share.
    * Revenue rose 170% to $135.00 thousand from a year ago;
analysts
expected zero. 
    * Ideal Power Inc's reported EPS for the quarter was a loss
of 37
cents​.
    * The mean earnings estimate of analysts had fallen by
about 31.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Ideal Power Inc shares had fallen by 4.9% this quarter and
gained 4.9% so far this year.
    * The company reported a quarterly loss of $2.28 million.
    * Wall Street's median 12-month price target for Ideal Power
Inc
is $18.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 03:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.42          -0.37          Beat
 Mar. 31 2023      -0.35          -0.41          Missed
 Dec. 31 2022      -0.33          -0.31          Beat
 Sep. 30 2022      -0.29          -0.28          Beat