AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Ideal Power Inc. (IPWR) on Thursday reported a loss of $2.4 million in its fourth quarter.

The Austin, Texas-based company said it had a loss of 39 cents per share.

The power conversion technologies developer posted revenue of $61,500 in the period. Its adjusted revenue was $61,000.

For the year, the company reported a loss of $10 million, or $1.61 per share. Revenue was reported as $199,000.

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