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
Metric
Beat/Miss
Actual
Consensus 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
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(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.)