Ideal Power Reports Fourth Quarter and Full Year 2022 Financial Results

“The Fed really pumped up the money supply remarkably, especially in the early months of the pandemic – it wanted to avoid any kind of financial crisis. It succeeded in doing that, but it pushed out a lot of inflation.” Soaring inflation in the US isn’t likely to ease off any time soon — and that means the Federal Reserve will have to stick with its vigorous plan to keep raising interest rates, according to high-profile economist Jeremy Sachs. The many factors driving high US prices mean it will have to keep hiking interest rates, he told CNBC. Inflation will likely remain high – so investors need to brace for aggressive Fed rate hikes, according to Columbia University economist Jeffrey Sachs. If a user or application submits more than 10 requests per second, further requests from the IP address may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov.

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Two universities evaluating B-TRAN™ for electric vehicle charging applications. Operating expenses in the full year 2022 were $7.3 million compared to $4.8 million in the full year 2021 with higher research and development spending accounting for a majority of the increase. Grant revenue was $203,269 for the full year 2022 compared to $576,399 for the full year 2021. Investing.com – U.S. equities were higher at the close on Monday, as gains in the Oil & Gas, Healthcare and Financials sectors propelled shares higher. Investing.com – U.S. equities were higher at the close on Friday, as gains in the Telecoms, Oil & Gas and Financials sectors propelled shares higher.

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what is basic salary difference between gross pay.com – U.S. equities were mixed at the close on Monday, as gains in the Oil & Gas, Technology and Telecoms sectors propelled shares higher while losses in the Basic Materials,… Investing.com – U.S. equities were lower at the close on Friday, as losses in the Healthcare, Consumer Goods and Basic Materials sectors propelled shares lower. Ideal Power Inc share price live 9.98, this page displays NASDAQ IPWR stock exchange data. View the IPWR premarket stock price ahead of the market session or assess the after hours quote. Monitor the latest movements within the Ideal Power Inc real time stock price chart below.

Operating expenses in the fourth quarter of 2022 were $2.0 million compared to $1.4 million in the fourth quarter of 2021 driven primarily by higher research and development spending. Grant revenue was $16,608 in the fourth quarter of 2022 compared to $128,605 in the fourth quarter of 2021. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.

About Ideal Power Inc

Grant revenue was $50,978 in the second quarter of 2022 compared to $ 84,705 in the second quarter of 2021. Entered into a product development agreement with a top 10 global automaker for a custom B-TRAN™ power module for use in EV drivetrain inverters in the automaker’s next generation EV platform. Represents Ideal Power’s second engagement with a leading global automobile manufacturer. The Columbia University economics professor warned investors to brace for further tightening from the US central bank, as he believes supply-chain hold-ups and geopolitical shocks will continue to push prices up. Net loss in the second quarter of 2022 was $1.7 million compared to $1.2 million in the second quarter of 2021. Operating expenses in the second quarter of 2022 were $1.7 million compared to $1.3 million in the second quarter of 2021.

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. According to regulations, Indian residents are eligible to trade all available products on domestic Indian markets, including futures and options. On non-Indian markets, Indian residents are prohibited from trading futures, options or margin-based products but are permitted to trade stocks, bonds and ETFs.

https://1investing.in/.com – Ideal Power Inc reported on Monday third quarter erl-48406||earnings that beat analysts’ forecasts and revenue that fell short of expectations.

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Ideal Power reported Q2 EPS of ($0.27), $0.02 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $50.98 thousand versus the consensus estimate of $200… Ideal Power reported Q3 EPS of ($0.28), $0.01 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $10 thousand versus the consensus estimate of $200… Ideal Power reported Q4 EPS of ($0.31), $0.02 better than the analyst estimate of ($0.33).

While Ideal Power’s management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Such forward-looking statements include, but are not limited to, statements regarding our 2023 milestones and B-TRAN™ having the potential to displace conventional power semiconductor solutions in many applications. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements, except as required by applicable law.

“We delivered initial packaged and tested B-TRAN™ devices to Diversified Technologies, Inc. , our Naval Sea Systems Command program collaboration partner, in preparation for a full-scale medium voltage direct current circuit breaker demonstration. We also added commercial and university participants to our test and evaluation program and released our new driver design for fabrication to support program participants. In addition, we completed the qualification of a world-class packaging firm for volume production. Our talented, energized team remains focused on execution of our commercialization strategy toward our objective of introducing our first commercial product by year end,” stated Dan Brdar, President and Chief Executive Officer of Ideal Power. The packaged devices were tested prior to shipment and demonstrated the very low conduction losses predicted by prior internal and third-party simulations.

Engaged a third-party firm to conduct long-term reliability testing of B-TRAN™ devices, involving tens of thousands of power cycles to assess the mechanical integrity of the design. Completed the qualification of a world-class packaging firm to transition to a new packaging concept for volume production. Ideal Power now has qualified both a domestic and a non-domestic packaging firm. Launched first commercial product, the SymCool™ Power Module in January 2023 with first commercial sales later in 2023. Cash and cash equivalents totaled $16.3 million at December 31, 2022. To prepare for commercial product shipments, the Company is nearing completion of a full process flow engineering run at a wafer fabrication partner with high-volume production capability.

DTI will incorporate packaged B-TRAN™s into a full-scale MVDC circuit breaker. Ideal Power is on track to complete its deliveries of additional B-TRAN™ devices later this year and will continue to provide program support through the demonstration of the B-TRAN™ enabled direct current solid-state circuit breaker . Cash used in operating and investing activities in first quarter 2022 was $1.7 million compared to $1.4 million in the first quarter of 2022 and $1.1 million in second quarter 2021.

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Revenue for the quarter came in at $10 thousand versus the consensus estimate of $0 . These values are calculated using the oldest historical opening price available and taking into account all splits and dividends history. Therefore, the results presented here are not 100% accurate and just a close estimation.

The test results in the new whitepaper match the Company’s previous simulation data, further validating the B-TRAN™ technology. This whitepaper includes recent test results using the Company’s newly designed driver and double-sided cooled packaged devices. It shows switching characteristics and waveforms important for customer technical teams using double pulse testing, including testing in bidirectional mode. Shipped additional B-TRAN™ devices to Diversified Technologies, Inc., our Naval Sea Systems Command program collaboration partner, in preparation for a full-scale medium voltage direct current circuit breaker demonstration. Launched its first commercial product, the SymCool™ Power Module, a multi-die B-TRAN™ module designed specifically to enable solid-state circuit breakers to deliver very low conduction losses. Investing.com – U.S. equities were lower at the close on Wednesday, as losses in the Healthcare, Telecoms and Basic Materials sectors propelled shares lower.

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• Soaring inflation in the US isn’t likely to ease off any time soon — and that means the Federal Reserve will have to stick with its vigorous plan to keep raising interest rates, according to high-profile economist Jeremy Sachs.
• Revenue for the quarter came in at $10 thousand versus the consensus estimate of $200…
• Before trading security futures, read the Security Futures Risk Disclosure Statement.
• Entered into a product development agreement with a top 10 global automaker for a custom B-TRAN™ power module for use in EV drivetrain inverters in the automaker’s next generation EV platform.
• Grant revenue was $203,269 for the full year 2022 compared to $576,399 for the full year 2021.
• Alternatively, please contact IB Customer Service to receive a copy of the ODD.

Cash used in operating activities in full year 2022 was $6.4 million compared to $4.3 million in full year 2021. Net loss in the fourth quarter of 2022 was $1.9 million compared to $1.4 million in the fourth quarter of 2021. Released a new Ideal Power whitepaper entitled B-TRAN™ – Device Structure, Performance and Applications.