Ideal Power Q4 2023 GAAP EPS $(0.39) Beats $(0.42) Estimate, Sales $61.48K Up From $16.61K YoY
Portfolio Pulse from Benzinga Newsdesk
Ideal Power (NASDAQ:IPWR) reported Q4 2023 earnings with a smaller loss per share of $(0.39) than the estimated $(0.42), beating expectations by 7.14%. Sales for the quarter were $61.48K, marking a significant increase of 270.20% from $16.61K in the same quarter last year.
February 29, 2024 | 2:24 pm
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Ideal Power reported a smaller-than-expected quarterly loss and a significant year-over-year increase in sales for Q4 2023.
Beating EPS estimates and reporting a substantial increase in sales year-over-year are strong positive indicators for Ideal Power. These results could lead to increased investor confidence and potentially drive the stock price up in the short term.
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