secwatch.observer — SEC 8-K summary
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Issuer:     Ideal Power Inc. (IPWR)
CIK:        0001507957
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001437749-24-005997
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507957/000143774924005997/0001437749-24-005997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507957/000143774924005997/ipwr20240227_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-005997

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