IPWR Q2 2023 Earnings — Ideal Power Inc. Revenue & Financial Results | Market Cap Arena

IPWRIdeal Power Inc.

$30M

Q2 2023 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$135,167+165.1% YoY

Gross Profit

$24,43018.1% margin

Operating Income

-$2M-1766.8% margin

Net Income

-$2M-1686.7% margin

EPS (Diluted)

$-0.37

QoQ Revenue Growth

+20256.5%

Cash Flow

Operating Cash Flow

-$2M

Free Cash Flow

-$2M

Stock-Based Comp.

$623,281

Balance Sheet

Total Assets

$16M

Total Liabilities

$2M

Stockholders' Equity

$14M

Cash & Equivalents

$13M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$135,167	$50,978	+165.1%
Gross Profit	$24,430	$0	—
Operating Income	-$2M	-$2M	-40.8%
Net Income	-$2M	-$2M	-34.9%

Revenue Segments

Development Revenue

$98,44373%

Grant

$36,72427%