Ideal Power Q1 EPS $(0.39) Beats $(0.41) Estimate, Sales $78.74K Miss $100.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Ideal Power (NASDAQ:IPWR) reported Q1 EPS of $(0.39), beating the $(0.41) estimate, but missed sales estimates with $78.74K, a significant drop from last year's $664K.

May 15, 2024 | 1:20 pm
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Ideal Power reported a mixed Q1 with EPS beating estimates but sales missing significantly. EPS was $(0.39) vs. $(0.41) expected, but sales were $78.74K, down 88.14% YoY.
While the EPS beat is a positive sign, the significant miss in sales and the drastic year-over-year decline in revenue are concerning. This mixed result is likely to keep the stock price neutral in the short term as investors weigh the positive EPS against the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100