Ideal Power's sales fell and it reported a loss, but it reached first silicon, secured a foundry supply deal, and ended with $38.3 million in cash. Its $450 million sales funnel is potential business, not confirmed sales, so the report does not clearly change its outlook.
The company has moved its technology closer to production and secured a long-term supply source. Its sales funnel points to possible future business, but it is not confirmed sales. Falling sales and the reported loss make it hard to call this a clear improvement.
Follow Ideal Power (IPWR) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for IPWR