Ideal Power(US:IPWR)2025-05-15 13:30Revenue Performance - Revenue for the three months ended March 31, 2025, was $12,003, a decrease of 84.7% compared to $78,739 for the same period in 2024[53][61] Cost and Expenses - Cost of revenue for the three months ended March 31, 2025, was $30,862, down 55.1% from $68,498 in the same period in 2024[62] - Research and development expenses increased by $201,099, or 15%, to $1,567,992 for the three months ended March 31, 2025, compared to $1,366,893 in 2024[63] - General and administrative expenses rose by $46,133, or 5%, to $899,821 for the three months ended March 31, 2025, from $853,688 in 2024[64] - Sales and marketing expenses increased by $21,549, or 7%, to $338,160 for the three months ended March 31, 2025, compared to $316,611 in 2024[65] Operational Loss - Loss from operations for the three months ended March 31, 2025, was $2,824,832, a 12% increase from the loss of $2,526,951 in 2024[66] - Net loss for the three months ended March 31, 2025, was $2,703,024, a 9% increase from the net loss of $2,469,626 in 2024[67] Financial Position - Cash and cash equivalents at March 31, 2025, were $13.7 million, with net working capital of $13.4 million[68] Cash Flow - Operating activities resulted in cash outflows of $2,066,774 for the three months ended March 31, 2025, compared to $1,875,295 in 2024[70][71] Interest Income - Net interest income for the three months ended March 31, 2025, was $121,808, compared to $57,325 in the same period in 2024[67]