Ideal Power(US:IPWR)2025-11-13 14:25Financial Performance - Ideal Power reported a revenue of $24,450 in Q3 2025, a significant increase from $554 in Q3 2024[15] - The net loss for Q3 2025 was $2.94 million, compared to a net loss of $2.69 million in Q3 2024, reflecting a 9.3% increase in losses year-over-year[15] - Cash used in operating and investing activities in Q3 2025 was $2.7 million, up from $2.4 million in Q3 2024, indicating a 12.5% increase[7] - Cash and cash equivalents totaled $8.4 million as of September 30, 2025, down from $15.8 million at the end of 2024[13] - Operating expenses in Q3 2025 were $3.0 million, slightly higher than $2.9 million in Q3 2024, primarily due to increased research and development spending[7] - Cash used in operating activities for the first nine months of 2025 was $7.4 million, compared to $6.6 million in the same period of 2024, marking a 12.1% increase[7] Business Developments - The company secured a purchase order from Stellantis for custom B-TRAN® devices, completing the first of five deliverables under this order[3] - Ideal Power increased the power rating of its discrete B-TRAN® product by 50%, which has generated greater interest from both existing and potential customers[3] - The company has 97 issued B-TRAN® patents, with 73 pending, covering regions including North America, China, and Europe[7] - The company engaged with a sixth global automaker to evaluate B-TRAN® for EV applications, indicating ongoing market expansion efforts[3]