Ideal Power Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 04:02 pm EST
Ideal Power Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.001557 million compared to USD 0.010675 million a year ago. Revenue was USD 0.001557 million compared to USD 0.010675 million a year ago. Net loss was USD 2.74 million compared to USD 1.7 million a year ago. Basic loss per share from continuing operations was USD 0.44 compared to USD 0.28 a year ago.
For the nine months, sales was USD 0.137388 million compared to USD 0.186661 million a year ago. Revenue was USD 0.137388 million compared to USD 0.186661 million a year ago. Net loss was USD 7.55 million compared to USD 5.3 million a year ago. Basic loss per share from continuing operations was USD 1.22 compared to USD 0.86 a year ago.