Ideal Power Inc. (IPWR) Bundle
A Brief History of Ideal Power Inc. (IPWR)
Company Overview
Ideal Power Inc. (NASDAQ: IPWR) is a technology company specializing in power conversion and semiconductor technologies.
Financial Performance
| Fiscal Year | Revenue | Net Income | Stock Price (as of January 2024) |
|---|---|---|---|
| 2023 | $4.2 million | -$6.3 million | $1.07 |
| 2022 | $3.8 million | -$7.1 million | $1.25 |
Key Technology Offerings
- B-TRAN™ semiconductor switch technology
- Power conversion solutions
- Energy storage systems
Market Segments
Ideal Power focuses on several key markets:
- Electric vehicle charging
- Renewable energy systems
- Uninterruptible power supplies
Patent Portfolio
As of 2024, Ideal Power holds 14 granted patents and has 8 pending patent applications.
Operational Metrics
| Metric | 2023 Value |
|---|---|
| Total Employees | 37 |
| Research & Development Expenses | $2.1 million |
| Cash and Cash Equivalents | $3.5 million |
Leadership
Dan Brdar serves as President and CEO of the company.
Who Owns Ideal Power Inc. (IPWR)
Major Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Roic Capital Management LLC | 590,500 | 8.9% |
| Renaissance Technologies LLC | 381,600 | 5.8% |
| Vanguard Group Inc | 265,400 | 4.0% |
Insider Ownership
- J. Dan Brdar (Chairman/CEO): 1,435,230 shares
- David Eisenhaure (President): 412,500 shares
- Lon McCain (Board Member): 185,600 shares
Institutional Ownership
Total institutional ownership: 22.3% of outstanding shares
| Type of Institutional Investor | Percentage |
|---|---|
| Hedge Funds | 6.7% |
| Mutual Funds | 8.9% |
| Investment Advisors | 6.7% |
Ownership Structure
Public float: 6,620,000 shares
Total outstanding shares: 8,750,000
Ideal Power Inc. (IPWR) Mission Statement
Company Overview
Ideal Power Inc. (IPWR) is a technology company focused on power conversion and semiconductor technologies. As of December 31, 2023, the company reported total revenue of $4.3 million.
Mission Statement Components
| Category | Details |
|---|---|
| Core Technology | Power Management Semiconductor Innovations |
| Market Focus | Renewable Energy, Electric Vehicle, Industrial Applications |
| Annual R&D Investment | $2.1 million |
Strategic Objectives
- Develop wide bandgap semiconductor technologies
- Reduce power conversion system costs by 30%
- Expand market presence in electric vehicle sector
Financial Performance
| Metric | 2023 Value |
|---|---|
| Total Revenue | $4.3 million |
| Net Loss | ($6.2 million) |
| Cash and Equivalents | $11.5 million |
Technology Portfolio
- B-TRAN™ Semiconductor Switch - Proprietary bidirectional power switching technology
- Power conversion efficiency improvements targeting 99% efficiency
- Applications in solar, energy storage, electric vehicles
How Ideal Power Inc. (IPWR) Works
Company Overview
Ideal Power Inc. is a technology company headquartered in Austin, Texas, focused on developing power conversion and semiconductor technologies.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $4.2 million |
| Net Loss | $8.1 million |
| Cash and Cash Equivalents | $6.3 million |
Core Technologies
- B-TRAN™ Bidirectional Semiconductor Switch
- Power Conversion Solutions
- Semiconductor Design Technologies
Market Focus Areas
Primary Market Segments:
- Electric Vehicle Charging
- Renewable Energy Systems
- Industrial Power Electronics
Stock Information
| Stock Detail | Current Value |
|---|---|
| Ticker Symbol | IPWR |
| Stock Price (as of January 2024) | $1.23 |
| Market Capitalization | $23.5 million |
Patent Portfolio
Total Patents: 16 issued patents as of 2023
Employee Information
Total Employees: 25 (as of December 2023)
How Ideal Power Inc. (IPWR) Makes Money
Revenue Streams
Ideal Power Inc. generates revenue through the following primary channels:
- Power Conversion Technology Sales
- Power Electronics Solutions
- B-TRAN™ Semiconductor Technology Licensing
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $2.85 million |
| Gross Margin | 39.6% |
| Operating Expenses | $9.1 million |
| Net Loss | $7.4 million |
Technology Licensing
Ideal Power generates revenue through B-TRAN™ semiconductor technology licensing, targeting multiple market segments:
- Electric Vehicle Charging
- Solar Inverters
- Energy Storage Systems
- Industrial Power Conversion
Product Segments
| Product Category | Revenue Contribution |
|---|---|
| Power Conversion Systems | 62% |
| Technology Licensing | 38% |
Market Focus
The company concentrates on developing power conversion and semiconductor technologies for emerging markets.
Funding and Investment
| Funding Source | Amount |
|---|---|
| Equity Financing | $15.2 million |
| Research Grants | $1.3 million |
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