STLA - Ideal Power Reports Q1 Earnings CEO Expects Solid-State Circuit Breaker Market To Grow Revenue | Benzinga
Ideal Power Inc (NASDAQ:IPWR) reported first-quarter FY24 commercial revenue of $78,739.
Operating expenses in the first quarter fell to $2.5 million from $2.6 million last year.
Ideal Power completed a public equity offering in the quarter and raised net proceeds of $15.7 million.
Net loss for the quarter was $2.5 million. The company held $20.2 million in cash and equivalents as of March 31, 2024.
Ideal noted that there ...