Ideal Power reports Q4 commercial revenue of $61K; net loss $2.4M; Stellantis Phase II completed

Ideal Power Inc.

Q4 2023 commercial revenue $61,483 vs $0 YoY; full-year commercial revenue $161,483 vs $0.
Q4 2023 net loss $2.4M vs $1.9M YoY; full-year net loss $10.0M vs $7.2M.
Cash and equivalents $8.5M at Dec 31, 2023; no long-term debt outstanding.
Completed Phase II development with Stellantis ahead of schedule; commenced SymCool power module shipments.
82 issued B-TRAN patents (36 outside US) and 39 pending; second wafer fab qualification nearing completion.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Ideal Power Inc. reported financial results for the three months and full year ended December 31, 2023.

Period: the three months and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 29, 2024, Ideal Power Inc. (the "Company") issued a press release announcing its financial results for the three months and full year ended December 31, 2023.

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Ideal Power Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-005997

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