Ideal Power Inc (IPWR)

[ffoggy]

I agree, I'm somewhat boggled by the downgrade as well. I think it may have something to do with the product backlog, which was pretty much flat from the prior quarter. As I alluded to in a previous post, I was hoping for a significant increase in the backlog this quarter. Management stated it had something to do with the timing of orders, but when questioned further about it by an analyst, they sort of sidestepped the question. If it only had to do with timing, we should see a bump in the next quarters numbers.

Overall though, I thought it was a solid quarter, and I was very relieved to hear their response to the Cree MOSFET issue in which I was somewhat concerned with. Kudos again to electricuniverse for sending that question out.

I really think we're going to need another couple of quarters to see some significant revenue gains, and give the product time to ramp up. We haven't even seen any revenue from the Gexpro deal yet. I think that is going to be huge. Once the 125's are certified, and the new bi-directional switch is finished, I think we will see the true potential of what this technology can do. Good luck to all, and of course these are my opinions only.