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Stock impact report

Ideal Power Reports First Quarter 2024 Financial Results [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
and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, reports results for its first quarter ended March 31, 2024. "Commercial momentum continues as we commenced shipments of SymCool™ power modules to fulfill customer orders in the first quarter. We expect industrial markets, particularly the solid-state circuit breaker market served by our SymCool™ power module, to be the earliest source of our sales ramp," said Dan Brdar, President and Chief Executive Officer of Ideal Power. "In addition, all of our Phase II deliverables with Stellantis were successfully completed ahead of schedule and we added our first distributor, Richardson Electronics. They placed multiple orders with Ideal Power including an order from a company not previously in our sales funnel." Key First Quarter and Recent Business Highlights Execution to our B-TRAN™ commercial roadmap continues, including: Commenced commercial shipment of SymCool™ power Show less Read more
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