Overview

* Ideal Power ( IPWR ) Q3 net loss widens to $2.9 mln from $2.7 mln yr/yr

* Operating expenses rose to $3.0 mln in Q3 due to higher R&D spending

* Company secured Stellantis purchase order for B-TRAN devices targeting EV applications

Outlook

* Ideal Power ( IPWR ) expects to complete Stellantis deliverables next year

* Company targets AI data center customers with B-TRAN-enabled product launch

* Ideal Power ( IPWR ) engages with sixth automaker for EV power applications

Result Drivers

* STELLANTIS ORDER - Co secured purchase order from Stellantis for B-TRAN devices targeting EV applications

* INCREASED POWER RATING - Co increased power rating of discrete B-TRAN product by 50%, sparking interest from customers

* AUTOMAKER ENGAGEMENT - Co engaged with sixth global automaker evaluating B-TRAN for EV power switching applications

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS -$0.32

Q3 Net -$2.90

Income mln

Q3 Basic -$0.32

EPS

Q3 $3 mln

Operatin

g

Expenses

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* The average consensus recommendation for the semiconductors peer group is "buy."

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)