Annuncio • Jul 30
Ideal Power Inc. to Report Q2, 2026 Results on Aug 13, 2026 Ideal Power Inc. announced that they will report Q2, 2026 results on Aug 13, 2026 Reported Earnings • May 17
First quarter 2026 earnings released: US$0.33 loss per share (vs US$0.30 loss in 1Q 2025) First quarter 2026 results: US$0.33 loss per share (further deteriorated from US$0.30 loss in 1Q 2025). Net loss: US$3.63m (loss widened 34% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • May 15
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m (US$38k revenue). Minor Risk Market cap is less than US$100m (US$89.7m market cap). Annuncio • May 15
Ideal Power Inc. has filed a Follow-on Equity Offering in the amount of $30 million. Ideal Power Inc. has filed a Follow-on Equity Offering in the amount of $30 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 5,291,005
Price\Range: $5.67
Transaction Features: Registered Direct Offering Annuncio • Apr 30
Ideal Power Inc. to Report Q1, 2026 Results on May 14, 2026 Ideal Power Inc. announced that they will report Q1, 2026 results Pre-Market on May 14, 2026 Annuncio • Apr 29
Ideal Power Inc., Annual General Meeting, Jun 03, 2026 Ideal Power Inc., Annual General Meeting, Jun 03, 2026. New Risk • Apr 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (45% increase in shares outstanding). Revenue is less than US$1m (US$38k revenue). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$9.9m net loss in 3 years). Market cap is less than US$100m (US$38.0m market cap). Reported Earnings • Mar 11
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: US$1.16 loss per share. Net loss: US$10.6m (loss widened 1.5% from FY 2024). Revenue missed analyst estimates by 25%. Earnings per share (EPS) exceeded analyst estimates by 6.5%. Revenue is forecast to grow 87% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in the US. Annuncio • Feb 27
Ideal Power Inc. to Report Q4, 2025 Results on Mar 10, 2026 Ideal Power Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 10, 2026 New Risk • Feb 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 48% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Revenue is less than US$1m (US$43k revenue). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$10m net loss in 3 years). Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (US$39.0m market cap). New Risk • Jan 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$10.0m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Revenue is less than US$1m (US$43k revenue). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$10m net loss in 3 years). Market cap is less than US$100m (US$38.1m market cap). Reported Earnings • Nov 16
Third quarter 2025 earnings released: US$0.32 loss per share (vs US$0.31 loss in 3Q 2024) Third quarter 2025 results: US$0.32 loss per share (further deteriorated from US$0.31 loss in 3Q 2024). Net loss: US$2.94m (loss widened 9.3% from 3Q 2024). Revenue is forecast to grow 158% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. Revenue is less than US$1m (US$19k revenue). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$12m net loss next year). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$31.5m market cap). Breakeven Date Change • Oct 10
Forecast to breakeven in 2027 The analyst covering Ideal Power expects the company to break even for the first time. New forecast suggests losses will reduce by 6.5% per year to 2026. The company is expected to make a profit of US$200.0k in 2027. Average annual earnings growth of 56% is required to achieve expected profit on schedule. Annuncio • Sep 23
Ideal Power Inc. Announces Power Rating Increase for Its Discrete B-Tran®? Product Ideal Power Inc. announced a 50% increase in the published power rating of its discrete B-TRAN product from 50 amps to 75 amps. The updated product datasheet was posted to Ideal Power's website HERE. The increase in the published power rating the discrete B-TRAN product is supported by extensive testing conducted by both the Company and external testing firms. While Ideal Power officially published an increased power rating of 75 amps for the discrete B-TRAN®? product, the product still maintains a significant design margin as it has been tested on a long-term, continuous basis at up to 150 amps. The increased power rating is solely the result of the extensive testing conducted to date as no changes were made to the product or packaging to facilitate the higher rating. Ideal Power's SymCool®? power module uses the same B-TRAN®? dies as the discrete product and an increase to the SymCool®? power rating is scheduled to be announced later this year, with the updated datasheet to be posted to the Company's website at that time. Both the discrete B-TRAN™? product and the SymCool®? power module target solid-state circuit breaker and EV contactor applications. Reported Earnings • Aug 15
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: US$0.33 loss per share (further deteriorated from US$0.31 loss in 2Q 2024). Net loss: US$3.04m (loss widened 14% from 2Q 2024). Revenue missed analyst estimates by 94%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is forecast to grow 130% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Annuncio • Jul 31
Ideal Power Inc. to Report Q2, 2025 Results on Aug 14, 2025 Ideal Power Inc. announced that they will report Q2, 2025 results on Aug 14, 2025 New Risk • Jul 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. Revenue is less than US$1m (US$19k revenue). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$11m net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$48.2m market cap). Reported Earnings • May 16
First quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2025 results: US$0.30 loss per share. Net loss: US$2.70m (loss widened 9.5% from 1Q 2024). Revenue is forecast to grow 173% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Electrical industry in the US. Annuncio • May 01
Ideal Power Inc. to Report Q1, 2025 Results on May 15, 2025 Ideal Power Inc. announced that they will report Q1, 2025 results on May 15, 2025 Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Greg Knight was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 30
Ideal Power Inc., Annual General Meeting, Jun 12, 2025 Ideal Power Inc., Annual General Meeting, Jun 12, 2025. Reported Earnings • Apr 03
Full year 2024 earnings released: US$1.28 loss per share (vs US$1.61 loss in FY 2023) Full year 2024 results: US$1.28 loss per share. Net loss: US$10.4m (loss widened 4.7% from FY 2023). Revenue is forecast to grow 94% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electrical industry in the US. Reported Earnings • Feb 28
Full year 2024 earnings released: US$1.28 loss per share (vs US$1.61 loss in FY 2023) Full year 2024 results: US$1.28 loss per share. Net loss: US$10.4m (loss widened 4.7% from FY 2023). Annuncio • Feb 13
Ideal Power Inc. to Report Q4, 2024 Results on Feb 27, 2025 Ideal Power Inc. announced that they will report Q4, 2024 results on Feb 27, 2025 New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m (US$142k revenue). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$61.1m market cap). New Risk • Dec 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m (US$142k revenue). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (37% increase in shares outstanding). Market cap is less than US$100m (US$56.3m market cap). Reported Earnings • Nov 17
Third quarter 2024 earnings released: US$0.31 loss per share (vs US$0.44 loss in 3Q 2023) Third quarter 2024 results: US$0.31 loss per share (improved from US$0.44 loss in 3Q 2023). Net loss: US$2.69m (loss narrowed 1.8% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 25% per year. Annuncio • Nov 04
Ideal Power Inc. to Report Q3, 2024 Results on Nov 14, 2024 Ideal Power Inc. announced that they will report Q3, 2024 results on Nov 14, 2024 Reported Earnings • Aug 15
Second quarter 2024 earnings released: US$0.31 loss per share (vs US$0.37 loss in 2Q 2023) Second quarter 2024 results: US$0.31 loss per share. Net loss: US$2.66m (loss widened 17% from 2Q 2023). New Risk • Aug 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m (US$277k revenue). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (US$54.4m market cap). Annuncio • Jul 31
Ideal Power Inc. to Report Q2, 2024 Results on Aug 14, 2024 Ideal Power Inc. announced that they will report Q2, 2024 results on Aug 14, 2024 Reported Earnings • May 17
First quarter 2024 earnings released: US$0.39 loss per share (vs US$0.41 loss in 1Q 2023) First quarter 2024 results: US$0.39 loss per share (improved from US$0.41 loss in 1Q 2023). Net loss: US$2.47m (loss narrowed 2.3% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Annuncio • May 03
Ideal Power Inc. to Report Q1, 2024 Results on May 15, 2024 Ideal Power Inc. announced that they will report Q1, 2024 results on May 15, 2024 Annuncio • Apr 28
Ideal Power Inc., Annual General Meeting, Jun 20, 2024 Ideal Power Inc., Annual General Meeting, Jun 20, 2024, at 10:00 Central Standard Time. Agenda: To elect five directors to serve until the 2025 annual meeting of stockholders and until their respective successors are elected and qualified; to ratify the appointment of BPM LLP as company's independent registered public accounting firm for the fiscal year ending December 31, 2024; to approve, on a non-binding, advisory basis, the compensation of company's named executive officers; and to consider any other business that may be properly brought before the Annual Meeting or any adjournment or postponement thereof. New Risk • Apr 22
New major risk - Revenue and earnings growth Earnings have declined by 18% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m (US$199k revenue). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (US$51.2m market cap). New Risk • Mar 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 58% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m (US$199k revenue). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$9.4m net loss in 2 years). Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (US$83.4m market cap). Major Estimate Revision • Mar 28
Consensus EPS estimates upgraded to US$1.43 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$1.77 to -US$1.43 per share. Revenue forecast unchanged from US$1.10m at last update. Electrical industry in the US expected to see average net income growth of 16% next year. Consensus price target down from US$18.00 to US$14.00. Share price fell 12% to US$8.90 over the past week. Annuncio • Mar 26
Ideal Power Inc. has filed a Follow-on Equity Offering. Ideal Power Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant Reported Earnings • Mar 03
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: US$1.61 loss per share (further deteriorated from US$1.17 loss in FY 2022). Net loss: US$9.95m (loss widened 39% from FY 2022). Revenue exceeded analyst estimates by 99%. Earnings per share (EPS) also surpassed analyst estimates by 1.8%. Revenue is forecast to grow 130% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Major Estimate Revision • Feb 29
Consensus revenue estimates decrease by 21% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$1.40m to US$1.10m. EPS estimate unchanged from -US$1.84 per share at last update. Electrical industry in the US expected to see average net income growth of 16% next year. Consensus price target of US$18.00 unchanged from last update. Share price was steady at US$11.32 over the past week. Annuncio • Feb 16
Ideal Power Inc. to Report Q4, 2023 Results on Feb 29, 2024 Ideal Power Inc. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Feb 29, 2024 Reported Earnings • Nov 17
Third quarter 2023 earnings released: US$0.44 loss per share (vs US$0.28 loss in 3Q 2022) Third quarter 2023 results: US$0.44 loss per share (further deteriorated from US$0.28 loss in 3Q 2022). Net loss: US$2.74m (loss widened 61% from 3Q 2022). Revenue is forecast to grow 196% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 01
Ideal Power Inc. to Report Q3, 2023 Results on Nov 14, 2023 Ideal Power Inc. announced that they will report Q3, 2023 results on Nov 14, 2023 Major Estimate Revision • Oct 22
Consensus revenue estimates fall by 80% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$500.0k to US$100.0k. Forecast losses increased from -US$1.59 to -US$1.65 per share. Electrical industry in the US expected to see average net income growth of 17% next year. Consensus price target of US$18.00 unchanged from last update. Share price fell 3.4% to US$8.79 over the past week. Reported Earnings • Aug 10
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: US$0.37 loss per share (further deteriorated from US$0.27 loss in 2Q 2022). Net loss: US$2.28m (loss widened 35% from 2Q 2022). Revenue exceeded analyst estimates by 35%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 105% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 29
Ideal Power Inc. to Report Q2, 2023 Results on Aug 10, 2023 Ideal Power Inc. announced that they will report Q2, 2023 results on Aug 10, 2023 Recent Insider Transactions • May 18
CEO, President & Director recently bought US$53k worth of stock On the 16th of May, R. Brdar bought around 6k shares on-market at roughly US$9.34 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was R.'s only on-market trade for the last 12 months. Reported Earnings • May 06
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: US$0.41 loss per share (further deteriorated from US$0.31 loss in 1Q 2022). Net loss: US$2.53m (loss widened 33% from 1Q 2022). Revenue missed analyst estimates by 99%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 104% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 03
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: US$1.17 loss per share (further deteriorated from US$0.80 loss in FY 2021). Net loss: US$7.19m (loss widened 51% from FY 2021). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jan 26
Ideal Power Inc. Launches Its First Commercial Product, the SymCool Power Module Ideal Power Inc. announced the launch of its first commercial product, the SymCool™ Power Module. This multi-die B-TRAN™ module, rated at 1200V 100A and incorporating double-sided cooling, is designed to meet the very low conduction loss needs of the solid-state circuit breaker (SSCB) market. Modules can be paralleled to achieve a wide range of high power SSCB ratings for utility, industrial and military applications. Key advantages of the SymCool™ Power Module include: Energy Savings: Circuit breakers continuously conduct current, so it is critical to keep conduction losses to a minimum. The SymCool™ Power Module exhibits dramatically lower conduction losses compared to IGBTs, thereby allowing for energy savings that are necessary as power grids are modernized. In particular, integration of renewable energy sources and energy storage systems into the grid will require circuit breakers that do not waste the precious energy generated by solar or wind. The low conduction losses of the SymCool™ Power Module meet this requirement. Bidirectional: Fewer Switches Needed: The SymCool™ Power Module utilizes Ideal Power’s groundbreaking innovation of a dual-sided semiconductor with inherent bidirectional capability. Existing power semiconductors, such as IGBTs, are single-sided and operate as unidirectional switches. The SymCool™ Power Module takes the bidirectional concept, validated in the Ideal Power B-TRAN™ single-chip package, to a higher-current capability using multiple B-TRAN™ chips configured in parallel. The result is a product that will finally enable the SSCB market. In addition to saving energy, the inherent bidirectional capability of the SymCool™ Power Module means that half as many high-voltage switches are needed compared to implementation with IGBT modules, which need a dedicated switch for each direction of energy flow. Fewer components translate to a smaller, more cost efficient SSCB. As new applications, such as Vehicle-to-Grid, Vehicle-to-Home, and Vehicle-to-Vehicle (V2X) emerge with the adoption of electric vehicles, bidirectional functionality is needed. Renewable energy microgrids and key military applications also require bidirectional circuit breakers that operate quickly, and the bidirectional SymCool™ Power Module offers clear advantages for SSCBs in these applications. Advanced Packaging: Another benefit realized by the dual-sided structure of B-TRAN™ is the advanced module packaging developed to maximize thermal efficiency. The SymCool™ Power Module has innovative dual-sided cooling with built-in temperature sensing. Heat is dissipated from both the top and bottom surface without wire bonding to meet the ever-increasing demand for reliability, durability and efficiency. This allows for a smaller, lower cost thermal management system, and greater overall efficiency of the SSCB. The SymCool™ Power Module offers a compelling solution to SSCB applications with its combination of greater efficiency, bidirectional capability, and advanced dual-sided cooling package. This will enable a new generation of very fast acting SSCB designs, while simultaneously saving energy, allowing more compact equipment, and saving overall system cost. A link to the SymCool™ Power Module Data Sheet can be found at here or contact Ideal Power sales at sales@idealpower.com for additional information about the SymCool™ Power Module. Circuit Breakers are Everywhere: Circuit breakers perform critical functions in controlling the flow of electricity and containing high currents created by faults in that flow in a wide variety of applications. In addition to high demand for circuit breakers from renewable energy, microgrids, energy storage, and EV applications, there is tremendous need to upgrade aging infrastructure, including utility transmission and distribution networks and railway systems. Two critical circuit breaker operating requirements are fast switching and low conduction losses. Traditional mechanical circuit breakers are slow acting and prone to wear and arcing; IGBT and MOSFET-based SSCBs suffer from high conduction losses. The fast-switching speed of B-TRAN™ solves the slow operating time and electrical arcing of electromechanical circuit breakers while also providing more than 50% lower conduction losses compared to SSCBs utilizing conventional semiconductor power switches. These result in lower cost and less complex cooling systems, benefits that significantly impact the economics of SSCBs and improve the economics of transmission and distribution. This is why B-TRAN™ is an enabling technology for SSCBs. Major Estimate Revision • Nov 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$600.0k to US$200.0k. EPS estimate unchanged at -US$1.19 per share. Electrical industry in the US expected to see average net income growth of 7.5% next year. Consensus price target of US$18.00 unchanged from last update. Share price fell 7.7% to US$12.50 over the past week. Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: US$0.28 loss per share (further deteriorated from US$0.20 loss in 3Q 2021). Net loss: US$1.70m (loss widened 38% from 3Q 2021). Revenue missed analyst estimates by 95%. Earnings per share (EPS) exceeded analyst estimates by 3.4%. Revenue is forecast to grow 176% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 16
Price target decreased to US$18.00 Down from US$28.00, the current price target is provided by 1 analyst. New target price is 31% above last closing price of US$13.75. Stock is down 14% over the past year. The company is forecast to post a net loss per share of US$1.18 next year compared to a net loss per share of US$0.80 last year. Major Estimate Revision • Aug 22
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$700.0k to US$600.0k. EPS estimate increased from -US$1.20 to -US$1.18 per share. Electrical industry in the US expected to see average net income growth of 14% next year. Consensus price target of US$18.00 unchanged from last update. Share price fell 12% to US$12.62 over the past week. Reported Earnings • Aug 17
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: US$0.27 loss per share (down from US$0.19 loss in 2Q 2021). Net loss: US$1.69m (loss widened 42% from 2Q 2021). Revenue missed analyst estimates by 75%. Earnings per share (EPS) exceeded analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 367%, compared to a 53% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Board Change • May 31
High number of new directors Independent Director Greg Knight was the last director to join the board, commencing their role in 2022. Major Estimate Revision • May 24
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$800.0k to US$700.0k. EPS estimate increased from -US$1.29 to -US$1.20 per share. Electrical industry in the US expected to see average net income growth of 19% next year. Consensus price target down from US$28.00 to US$18.00. Share price rose 8.7% to US$11.20 over the past week. Reported Earnings • May 18
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: US$0.31 loss per share (down from US$0.17 loss in 1Q 2021). Net loss: US$1.90m (loss widened 106% from 1Q 2021). Revenue missed analyst estimates by 37%. Earnings per share (EPS) also missed analyst estimates by 24%. Over the next year, revenue is forecast to grow 112%, compared to a 30% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
High number of new directors Independent Director Greg Knight was the last director to join the board, commencing their role in 2022. Board Change • Apr 19
High number of new directors Independent Director Greg Knight was the last director to join the board, commencing their role in 2022. Major Estimate Revision • Mar 24
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -US$0.97 to -US$1.29 per share. Revenue forecast of US$800.0k unchanged since last update. Electrical industry in the US expected to see average net income growth of 13% next year. Consensus price target of US$28.00 unchanged from last update. Share price fell 3.7% to US$8.11 over the past week. Reported Earnings • Mar 19
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: US$0.80 loss per share (up from US$2.20 loss in FY 2020). Net loss: US$4.77m (loss narrowed 39% from FY 2020). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) exceeded analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 39%, compared to a 20% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 30% per year. Breakeven Date Change • Nov 25
No longer forecast to breakeven The analyst covering Ideal Power no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of US$3.11m in 2021. New forecast suggests the company will make a loss of US$6.00m in 2022. Reported Earnings • Nov 13
Third quarter 2021 earnings released: US$0.20 loss per share (vs US$1.28 loss in 3Q 2020) Third quarter 2021 results: Net loss: US$1.24m (loss narrowed 75% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Oct 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Ted Lesster was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Feb 06
CFO, Secretary & Treasurer notifies of intention to sell stock Timothy Burns intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of February. If the sale is conducted around the recent share price of US$16.00, it would amount to US$152k. Since June 2020, Timothy has owned 1.88k shares directly. Company insiders have collectively bought US$27k more than they sold, via options and on-market transactions, in the last 12 months. Is New 90 Day High Low • Jan 22
New 90-day high: US$13.17 The company is up 125% from its price of US$5.86 on 23 October 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 31% over the same period. Is New 90 Day High Low • Dec 25
New 90-day high: US$9.90 The company is up 57% from its price of US$6.30 on 25 September 2020. The American market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 29% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: US$7.90 The company is up 17% from its price of US$6.75 on 21 August 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Electrical industry, which is also up 17% over the same period.