- Ideal Power press release ( NASDAQ: IPWR ): Q4 GAAP EPS of -$0.31 beats by $0.02 .
- Revenue of $0.01M (-92.3% Y/Y).
- Operating expenses in the fourth quarter of 2022 were $2.0 million compared to $1.4 million in the fourth quarter of 2021 driven primarily by higher research and development spending.
- Operating expenses in the full year 2022 were $7.3 million compared to $4.8 million in the full year 2021 with higher research and development spending accounting for a majority of the increase.
- Net loss in the fourth quarter of 2022 was $1.9 million compared to $1.4 million in the fourth quarter of 2021.
- Net loss in the full year 2022 was $7.2 million compared to $4.8 million in the full year 2021.
- Cash used in operating activities in full year 2022 was $6.4 million compared to $4.3 million in full year 2021. Overall, cash burn for the full year 2022 was $6.8 million.
- Cash and cash equivalents totaled $16.3 million at December 31, 2022.
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Ideal Power GAAP EPS of -$0.31 beats by $0.02, revenue of $0.01M