Ideal Power -10% following Q2 earnings report

Aug. 13, 2021 12:54 PM ETIdeal Power Inc. (IPWR)By: Shweta Agarwal, SA News Editor
  • Ideal Power (NASDAQ:IPWR) is down 10% after reporting Q2 earnings report.
  • Grant Revenue of $84.71K vs. $6.52K year ago.
  • Net loss was $1.2M compared to $0.8M in 2Q20.
  • GAAP EPS of -$0.19.
  • Cash and cash equivalents totaled $25.7M at June 30, 2021.
  • "Our recent announcements of test and evaluation collaborations with leaders in the electric vehicle (EV), uninterruptible power supplies (UPS) for data centers and renewable energy markets represent the launch of our commercialization of B-TRAN (bi-directional power switches). These customer engagements are a crucial step forward in establishing B-TRAN as a differentiated semiconductor architecture technology addressing a large and growing market," says President and CEO Dan Brdar.
  • Press Release

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