Ideal Power Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.135167 million compared to USD 0.050978 million a year ago. Revenue was USD 0.135167 million compared to USD 0.050978 million a year ago. Net loss was USD 2.28 million compared to USD 1.69 million a year ago. Basic loss per share from continuing operations was USD 0.37 compared to USD 0.27 a year ago.
For the six months, sales was USD 0.135831 million compared to USD 0.175986 million a year ago. Revenue was USD 0.135831 million compared to USD 0.175986 million a year ago. Net loss was USD 4.81 million compared to USD 3.59 million a year ago. Basic loss per share from continuing operations was USD 0.78 compared to USD 0.58 a year ago.