---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-016834"
form_type: "8-K"
ticker: "IPWR"
cik: "0001507957"
company_name: "Ideal Power Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T22:58:33.510126+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ideal Power Q1 2024: first commercial revenue of $78,739; net loss $2.5M; SymCool shipments begin

## Summary
- Commercial revenue $78,739 vs $0 in Q1 2023; net loss $2.5M flat YoY.
- Completed public offering raising net $15.7M; cash $20.2M at quarter end, no debt.
- SymCool power module shipments started; Phase II with Stellantis completed ahead of schedule.
- Added first distributor Richardson Electronics; orders from company not previously in funnel.
- 86 issued B-TRAN patents globally; qualification run nearing with second high-volume fab in Europe.

## SEC filing metadata
- accession: 0001437749-24-016834
- form_type: 8-K
- ticker: IPWR
- cik: 0001507957
- company_name: Ideal Power Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507957/000143774924016834/0001437749-24-016834-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507957/000143774924016834/ipwr20240514_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-016834
- JSON: https://secwatch.observer/filing/0001437749-24-016834.json
- Plain text: https://secwatch.observer/filing/0001437749-24-016834.txt

## Key facts
- Earnings Releases
  Ideal Power Inc. reported first quarter ended March 31, 2024 results: net income Net loss in the first quarter of 2024 was $2.5 million compared to $2.5 million in the first quarter of 2023..
  - Period: first quarter ended March 31, 2024
  - Net income: Net loss in the first quarter of 2024 was $2.5 million compared to $2.5 million in the first quarter of 2023.
  - Result: reported results
  source text: Commercial revenue increased to $78,739 in the first quarter of 2024 from $0 in the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507957/000143774924016834/0001437749-24-016834-index.htm
- Earnings Releases
  Ideal Power Inc. reported first quarter ended March 31, 2024 results: net income Net loss in the first quarter of 2024 was $2.5 million compared to $2.5 million in the first quarter of 2023..
  - Period: first quarter ended March 31, 2024
  - Net income: Net loss in the first quarter of 2024 was $2.5 million compared to $2.5 million in the first quarter of 2023.
  - Result: reported results
  source text: Net loss in the first quarter of 2024 was $2.5 million compared to $2.5 million in the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507957/000143774924016834/0001437749-24-016834-index.htm

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