Ideal Power (NASDAQ:IPWR) Posts Quarterly Earnings Results, Meets Expectations

Ideal Power (NASDAQ:IPWR) issued its quarterly earnings results on Thursday. The industrial products company reported ($0.18) earnings per share for the quarter, meeting the consensus estimate of ($0.18), FiscalAI reports. The company had revenue of $0.01 million during the quarter, compared to analyst estimates of $0.20 million.

Here are the key takeaways from Ideal Power’s conference call:

• Ideal Power’s sales funnel grew to approximately $450 million from about $400 million in August, split roughly evenly between automotive and data center/industrial opportunities. Management said customer programs are taking longer than expected to convert, making design-ins and production orders the key execution priorities.
• Management continues to expect AI data center-related revenue to begin in the second half of 2027, citing customer activity around 800-volt DC systems. An NRE-funded engineering study with an industry partner is expected to start this quarter ahead of a potential hardware phase, while Ideal Power and Power Integrations are developing a joint circuit-breaker reference design.
• A customer in Asia shifted its initial target from a 63-amp to a 125-amp solid-state circuit breaker, so Ideal Power no longer expects the previously discussed fourth-quarter prototype orders from that customer. The company said testing of its 63-amp prototype met expectations and plans to re-engage when its 125-amp reference design kit is available.
• The company signed a long-term supply agreement with an automotive-qualified semiconductor foundry and achieved functional first silicon; the foundry is optimizing the process. Ideal Power is targeting completion of JEDEC qualification by year-end, a step toward volume production.
• Third-quarter revenue remained modest, while net loss widened to $3.6 million from $2.9 million a year earlier and cash burn rose to $2.9 million. Ideal Power ended September with $38.3 million in cash and no debt, but forecasts 2026 cash burn of $10.4 million-$10.6 million and expects operating expenses to increase modestly.

Ideal Power Price Performance

Shares of Ideal Power stock traded down $0.12 on Friday, hitting $2.07. 126,432 shares of the company’s stock traded hands, compared to its average volume of 312,420. The company has a fifty day moving average of $3.49 and a two-hundred day moving average of $4.21. Ideal Power has a one year low of $1.89 and a one year high of $9.30. The company has a market capitalization of $34.01 million, a price-to-earnings ratio of -1.95 and a beta of 2.03.

Wall Street Analyst Weigh In

IPWR has been the topic of several analyst reports. Wall Street Zen upgraded Ideal Power from a “strong sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Ideal Power in a report on Wednesday, November 4th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

About Ideal Power

Ideal Power Inc. (NASDAQ: IPWR) is a semiconductor company developing advanced power-management technologies for electrical systems. Its principal technology is the bidirectional bipolar junction TRANsistor, or B-TRAN, a solid-state power switch designed to conduct and control electrical current in both directions with the potential for lower conduction losses and improved efficiency compared with conventional power-switching devices. The company is focused on commercializing B-TRAN-based products and related semiconductor solutions for applications including electric vehicles, renewable-energy systems, energy storage, electric-grid infrastructure, industrial equipment, and other high-power electrical systems.