Ideal Power Inc. (NASDAQ:IPWR) Q4 2023 Earnings Conference Call February 29, 2024 10:00 AM ET

Company Participants

Jeff Christensen - IR

Dan Brdar - President and CEO

Tim Burns - CFO

Conference Call Participants

David Williams - Benchmark

Donovan Schafer - Northland Capital Markets

Brian Dobson - Chardan Capital Markets

Jeff Grampp - Alliance Global Partners

Operator

Good morning, ladies and gentlemen, and welcome to the Ideal Power Fourth Quarter and Full Year 2023 Results Call. [Operator Instructions] As a reminder, this event is being recorded.

I would now like to turn the conference over to Jeff Christensen. Please go ahead.

Jeff Christensen

Thank you, Matt, and good morning, everyone. Thank you for joining Ideal Power's fourth quarter and full year 2023 conference call. With me on the call are Dan Brdar, President and Chief Executive Officer; and Tim Burns, Chief Financial Officer.

Ideal Power's fourth quarter and full year 2023 financial results press release is available on the company's website at idealpower.com. Before we begin, I'd like to remind everyone that statements made on the call and webcast, including those regarding future financial results and industry prospects are forward-looking and maybe subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the call. Please refer to the company's SEC filings for a list of associated risks and we would also refer you to the company's website for more supporting company information.

Now I would like to turn the call over to Ideal Power's President and CEO, Dan Brdar. Dan?

Dan Brdar

Thank you, Jeff. Good morning, everyone, and welcome to our fourth quarter and full year 2023 financial results conference call.

I'll first update you on our progress since the start of the fourth quarter and then review our priorities for 2024 to commercialize our B-TRAN semiconductor technology. And then Tim Burns, our CFO, will take you through the numbers, after which we'll take your questions. We made great progress delivering against our B-TRAN commercial roadmap in 2023, and that progress has continued into 2024 as our customer engagements are expanding.

While we're certainly excited about our progress and recent news, we're even more excited about how 2024 is shaping up for the company. Since the start of the fourth quarter, we successfully completed several additional milestones and had some very positive customer recognition that collectively confirms our continued progress on our B-TRAN commercialization roadmap. We're thrilled about our momentum, recent successes customer feedback and recent announcement in these major areas.