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IPWR Ideal Power News Story

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Ideal Power Q3 net loss widens to $2.9 mln

Overview

Ideal Power Q3 net loss widens to $2.9 mln from $2.7 mln yr/yr

Operating expenses rose to $3.0 mln in Q3 due to higher R&D spending

Company secured Stellantis purchase order for B-TRAN devices targeting EV applications

Outlook

Ideal Power expects to complete Stellantis deliverables next year

Company targets AI data center customers with B-TRAN-enabled product launch

Ideal Power engages with sixth automaker for EV power applications

Result Drivers

STELLANTIS ORDER - Co secured purchase order from Stellantis for B-TRAN devices targeting EV applications

INCREASED POWER RATING - Co increased power rating of discrete B-TRAN product by 50%, sparking interest from customers

AUTOMAKER ENGAGEMENT - Co engaged with sixth global automaker evaluating B-TRAN for EV power switching applications

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 EPS-$0.32
Q3 Net Income-$2.90 mln
Q3 Basic EPS-$0.32
Q3 Operating Expenses$3 mln
Analyst Coverage The one available analyst rating on the shares is "hold" The average consensus recommendation for the semiconductors peer group is "buy." Press Release: ID:nPn2JQrWja For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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