---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-055997"
form_type: "8-K"
ticker: "IPWR"
cik: "0001507957"
company_name: "Ideal Power Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:42:18.103986+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ideal Power Q1 net loss widens to $2.5M; launches SymCool Power Module

## Summary
- Net loss of $2.5M vs $1.9M in Q1 2022; operating expenses $2.6M.
- Grant revenue nearly zero at $664 vs $125K prior year; no long-term debt.
- Launched first commercial product SymCool Power Module for solid-state circuit breakers in Jan 2023.
- Added Global Tier 1 automotive supplier and second Forbes Global 500 company to B-TRAN test program.
- Cash and equivalents $14.5M; cash used in ops/investing $1.8M in Q1.

## SEC filing metadata
- accession: 0001104659-23-055997
- form_type: 8-K
- ticker: IPWR
- cik: 0001507957
- company_name: Ideal Power Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507957/000110465923055997/0001104659-23-055997-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507957/000110465923055997/tm2314405d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-055997
- JSON: https://secwatch.observer/filing/0001104659-23-055997.json
- Plain text: https://secwatch.observer/filing/0001104659-23-055997.txt

## Key facts
- Earnings Releases
  Ideal Power Inc. reported first quarter ended March 31, 2023 results: revenue $664, net income $2.5 million.
  - Period: first quarter ended March 31, 2023
  - Revenue: $664
  - Net income: $2.5 million
  - Result: reported results
  source text: B-TRANTM patents. Current geographic coverage includes North America, China, Japan, South Korea, India and Europe. First Quarter 2023 Financial Results · Grant revenue was $664 in the first quarter of 2023 compared to $125,008 in the first quarter of 2022. · Operating expenses in the first quarter of 2023 were $2.6 million compared to $1.9 million in the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507957/000110465923055997/0001104659-23-055997-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.