AUSTIN, Texas (AP) _ Ideal Power Inc. (IPWR) on Wednesday reported a loss of $1.1 million in its fourth quarter.

The Austin, Texas-based company said it had a loss of 26 cents per share.

The power conversion technologies developer posted revenue of $273,800 in the period. Its adjusted revenue was $274,000.

For the year, the company reported that its loss widened to $7.8 million, or $2.20 per share. Revenue was reported as $428,000.

Ideal Power shares have climbed 91% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.57, increasing ninefold in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IPWR at https://www.zacks.com/ap/IPWR

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