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Ideal Power (IPWR)
NASDAQ:IPWR
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Ideal Power
(NASDAQ:IPWR)
43Neutral
Ideal Power (IPWR) vs. S&P 500 (SPY)
Market Cap
$43.78M
Dividend YieldN/A
Average Volume (3M)20.43K
Price to Earnings (P/E)―
Beta (1Y)0.96
Revenue Growth-56.74%
EPS Growth19.32%
CountryUS
Employees16
SectorIndustrials
Sector Strength78
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-1.30
Shares Outstanding8,338,305
10 Day Avg. Volume21,233
30 Day Avg. Volume20,428
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.21
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-7.17K
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
Ideal Power Business Overview & Revenue Model
Company DescriptionIdeal Power Inc. focuses on the development and commercialization of its B-TRAN technology. It develops Bi-directional bi-polar junction TRANsistor solid state switch technology. The company was formerly known as Ideal Power Converters Inc. and changed its name to Ideal Power Inc. in July 2013. Ideal Power Inc. was incorporated in 2007 and is headquartered in Austin, Texas.
How the Company Makes MoneyIdeal Power Inc. generates revenue primarily through the sale and licensing of its proprietary power conversion technology. The company's key revenue streams include direct sales of its power conversion systems to customers in the renewable energy and energy storage sectors, as well as licensing agreements with manufacturers who integrate Ideal Power's technology into their own products. Additionally, Ideal Power may engage in strategic partnerships, joint ventures, or collaborations with other companies in the energy sector to expand its market reach and enhance its product offerings. The company's revenue model is heavily influenced by the demand for energy-efficient solutions and the ongoing global transition towards renewable energy sources.
Ideal Power Financial Statement Overview
Summary
Ideal Power's financial performance is concerning, with negative net income and cash flow issues overshadowing a stable cash position. Despite some balance sheet stability, persistent operational inefficiencies and declining stockholder equity are significant challenges.Income Statement
The income statement of Ideal Power shows a challenging financial situation. Despite a minor increase in revenue in recent years, the company has consistently reported negative net income and gross profit margins. Revenue growth is erratic, and EBIT margins are deeply negative, indicating substantial operating losses.15
Very Negative
Balance Sheet
Ideal Power's balance sheet highlights some stability with a substantial cash position relative to its liabilities, resulting in negative net debt. The equity ratio is high, but the debt-to-equity ratio remains low, suggesting minimal leverage. However, the stockholders' equity has shown a declining trend, which could be a concern for long-term sustainability.30
Negative
Cash Flow
The cash flow situation for Ideal Power is concerning, with persistent negative operating and free cash flows. Although there was a significant inflow from financing activities in certain years, it is insufficient to cover the consistent cash outflows from operations. The operating cash flow to net income ratio indicates that cash flow issues may be exacerbating the net income losses.20
Very Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 86.03K | 198.87K | 203.27K | 576.40K | 428.13K | Gross Profit |
| -7.38K | 38.26K | 0.00 | 0.00 | 0.00 | EBIT |
| -11.07M | -10.35M | -7.34M | -4.85M | -4.07M | EBITDA |
| -11.07M | -10.08M | -7.16M | -4.69M | -7.67M | Net Income Common Stockholders |
| -10.42M | -9.95M | -6.88M | -4.78M | -7.80M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 15.84M | 8.47M | 16.35M | 23.17M | 3.16M | Total Assets |
| 19.83M | 12.25M | 19.40M | 25.88M | 5.13M | Total Debt |
| 486.02K | 202.99K | 267.58K | 326.45K | 173.46K | Net Debt |
| -15.36M | -8.27M | -16.08M | -22.84M | -2.98M | Total Liabilities |
| 1.97M | 2.19M | 1.49M | 1.73M | 1.30M | Stockholders Equity |
| 17.86M | 10.06M | 17.91M | 24.15M | 3.83M |
| Cash Flow | Free Cash Flow | |||
| -8.94M | -7.37M | -6.70M | -4.52M | -3.09M | Operating Cash Flow |
| -8.74M | -7.13M | -6.38M | -4.28M | -3.02M | Investing Cash Flow |
| -506.43K | -522.95K | -312.74K | -236.94K | -67.16K | Financing Cash Flow |
| 16.62M | -216.26K | -127.87K | 24.53M | 3.19M |
Ideal Power Technical Analysis
Negative
5.25
Price Trends
5.03
Negative
6.06
Negative
6.79
Negative
Market Momentum
0.03
Negative
48.81
Neutral
26.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IPWR, the sentiment is Negative. The current price of 5.25 is above the 20-day moving average (MA) of 4.82, above the 50-day MA of 5.03, and below the 200-day MA of 6.79, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 48.81 is Neutral, neither overbought nor oversold. The STOCH value of 26.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IPWR.
Ideal Power Risk Analysis
Ideal Power disclosed 23 risk factors in its most recent earnings report. Ideal Power reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ideal Power Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $86.36M | 12.60 | 15.49% | 3.13% | 18.62% | 34.63% | |
64 Neutral | $4.28B | 11.80 | 5.30% | 250.74% | 4.12% | -9.02% | |
44 Neutral | $1.18B | ― | -85.88% | ― | 1429.35% | -36.13% | |
43 Neutral | $43.78M | ― | -74.64% | ― | -56.74% | 19.32% | |
36 Underperform | $28.56M | ― | -130.40% | ― | -16.51% | 0.19% | |
26 Underperform | $28.77M | ― | -860.70% | ― | ― | -12310.81% |
* Industrials Sector Average
Performance Comparison
IPWR
Ideal Power
5.25
-2.47
-31.99%
ESP
Espey Mfg & Electronics
30.88
7.21
30.46%
GWH
ESS Tech
2.18
-11.03
-83.50%
ENVX
Enovix
6.35
-3.43
-35.07%
SDST
Stardust Power
0.50
-10.75
-95.56%
RAYA
Erayak Power Solution Group Incorporation Class A
1.52
0.86
130.30%
Ideal Power Earnings Call Summary
Earnings Call Date:Feb 27, 2025
(Q4-2024)
| % Change Since: -0.19%|
Next Earnings Date:May 14, 2025
Earnings Call Sentiment Positive
The earnings call reflects a positive outlook for Ideal Power, with significant achievements in securing design wins and expanding market opportunities, particularly in the automotive sector. However, challenges remain with past operational difficulties and financial losses. Overall, the highlights indicate strong progress and future potential outweighing the lowlights.Q4-2024 Updates
Positive Updates
First Design Win for Solid-State Circuit Breakers
Secured first design win with one of Asia's largest circuit protection equipment manufacturers, ahead of schedule for prototype completion and commercial sales later in 2025.
Order for SimCool IQ Intelligent Power Modules
Received an order for SimCool IQ modules targeting renewable energy, energy storage, EV charging, and data centers, opening a $1.4 billion serviceable addressable market.
New Program with Stellantis for EV Contactors
Stellantis to award an additional program for B-TRAN-enabled EV contactors, accelerating revenue timeline and complementing existing inverter program.
Positive Automotive Qualification Testing
Began third-party automotive qualification and reliability testing with zero die failures to date, expected to complete later this year.
Expanding Technology Pipeline and Partnerships
Engagement with several tier-one auto suppliers and global automakers, and expanding distribution network with new orders from China.
Negative Updates
Challenges with Stellantis' Traditional Vehicle Business
Stellantis faced high vehicle pricing, high inventory levels, and production outpacing demand in 2024, affecting progress on next-generation vehicle programs.
Increased Cash Burn and Net Loss
Fourth-quarter 2024 cash burn was $2.6 million, up from $2.1 million in the previous year, with a full-year net loss of $10.4 million.
Company Guidance
During the Ideal Power Fourth Quarter and Full Year 2024 results call, significant guidance for 2025 was provided, focusing on key milestones and financial expectations. The company is optimistic about securing additional design wins and custom development agreements, leveraging its B-TRAN technology for solid-state circuit breakers and EV contactors, which are expected to drive revenue growth. Notably, the first design win from an industrial circuit protection equipment manufacturer is projected to generate several hundred thousand dollars in revenue during its first year of sales, with potential to exceed a million dollars in the second year. Additionally, Ideal Power anticipates its first sales ramp in the second half of 2025, with a full-year cash burn expected to exceed $10 million, primarily due to increased hiring and development efforts. The cash burn for the first quarter of 2025 is estimated between $2.2 million and $2.4 million. The company remains debt-free with cash and cash equivalents totaling $15.8 million as of December 31, 2024. Furthermore, Ideal Power is actively engaging with global automotive manufacturers like Stellantis, expecting to finalize a new program for B-TRAN-enabled EV contactors in March 2025, which could accelerate its timeline to sustained revenue.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.