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Stock impact report

Ideal Power Inc (IPWR) Q3 2024 Earnings Call Highlights: Strategic Partnerships and ... [Yahoo! Finance]

Ideal Power Inc. (IPWR) 
Last ideal power inc. earnings: 5/1 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.idealpower.com
Company Research Source: Yahoo! Finance
Ideal Power Inc ( NASDAQ:IPWR ) secured initial orders from a global tier one automotive supplier, indicating growing interest in their Vran technology. The company added two new distributors, Rios Show and C Corm, expanding their global reach and demand creation capabilities. Positive initial test results from third-party automotive qualification testing of Vran devices, with no failures reported. Increased the current rating of their power module by 25% while reducing its size by 50%, enhancing power density and reducing costs. Ideal Power Inc ( NASDAQ:IPWR ) is dual-sourced for wafer fabrication in Europe and Asia, mitigating supply chain risks and ensuring ample capacity. The company recorded very modest revenue for the third quarter, prioritizing devices for automotive qualification testing. Cash burn increased to $2.4 million in Q3 2024, up from $1.9 million in Q3 2023, with expectations of further increase in Q4. Operating expenses rose to $2.9 million in Q3 2024 Show less Read more
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