Ideal Power: 3Q Earnings Snapshot

AUSTIN, Texas (AP) _ Ideal Power Inc. (IPWR) on Thursday reported a loss of $2.3 million in its third quarter.

The Austin, Texas-based company said it had a loss of 16 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.

The power conversion technologies developer posted revenue of $342,700 in the period. Its adjusted revenue was $343,000, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $665,000.

The company's shares closed at 52 cents. A year ago, they were trading at $1.51.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IPWR at https://www.zacks.com/ap/IPWR