Ideal Power Q3 2023 EPS $(0.44) Down From $(0.28) Yoy, Revenue $1.557K Misses $200K Estimate
Portfolio Pulse from Benzinga Newsdesk
Ideal Power Inc. reported a Q3 2023 loss per share of $(0.44), which is a decrease from the $(0.28) loss per share in the same quarter the previous year. The company's revenue was $1.557K, falling short of the estimated $200K.
November 14, 2023 | 2:25 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Ideal Power Inc. (IPWR) reported a larger year-over-year loss in Q3 2023 and missed revenue estimates by a significant margin.
The reported earnings show a negative trend with a larger loss compared to the previous year and a significant miss in revenue expectations. This is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100