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Ideal Power (IPWR)
NASDAQ:IPWR
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$0.39Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -10.84%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with significant advancements in automotive and industrial engagements, distributor expansion, and technology development. However, modest revenue and increased cash burn present challenges. The company maintains a strong cash position, indicating financial stability.Company Guidance
During the Ideal Power Q3 2024 earnings call, several key metrics and guidance were provided. The company reported a cash burn of $2.4 million for the quarter, aligning with the lower end of their guidance range of $2.4 million to $2.6 million. For Q4 2024, they anticipate a cash burn between $2.6 million and $2.8 million, and for the full year 2024, they expect a slightly reduced cash burn of approximately $8.2 million to $8.4 million, down from the previously estimated $8.5 million. Cash and cash equivalents stood at $18.7 million as of September 30, 2024, with no debt. Revenue for Q3 was modest due to prioritizing devices for automotive qualification testing, but commercial revenue is expected to see modest volume in Q4 2024. Operating expenses were $2.9 million, with expectations for slight increases in research, development, and sales spending in upcoming quarters. The company expects to achieve revenue ramp in the second half of 2025 and aims for profitability at an annual revenue range of $30 million to $50 million, with long-term gross margin targets of 50%.Global Automotive Engagement
Engagement with three global automakers for B-TRAN technology, including Stellantis, and securing orders from a Tier 1 automotive supplier.
Distributor Expansion
Added RYOSHO and Sekorm as distributors, enhancing global reach and placing initial orders from large global customers.
Increased Power Module Efficiency
SymCool power module current rating increased by 25% to 200 amps, reducing size by 50% and significantly increasing power density.
Positive Automotive Qualification Testing
Commenced third-party automotive qualification testing of B-TRAN devices with positive initial results and no failures to date.
Cash Management
Cash burn on the lower end of guidance at $2.4 million, with full-year 2024 cash burn expected to be slightly below previous estimates.
No Debt and Strong Cash Position
Cash and cash equivalents of $18.7 million with no debt, providing a strong financial position.
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IPWR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IPWR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $7.66 | $6.53 | -14.75% |
| Aug 14, 2024 | $8.85 | $8.38 | -5.31% |
| May 15, 2024 | $7.40 | $7.10 | -4.05% |
| Feb 29, 2024 | $11.60 | $11.32 | -2.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ideal Power (IPWR) report earnings?
Ideal Power (IPWR) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Ideal Power (IPWR) earnings time?
Ideal Power (IPWR) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IPWR EPS forecast?
Currently, no data Available
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