Ideal Power Reports Second Quarter 2025 Financial Results

Core Insights - Ideal Power Inc. reported its second quarter results for 2025, highlighting progress in its B-TRAN® technology and collaborations with major automotive suppliers [1][3]. Company Developments - The first design win customer is close to completing prototype testing for their B-TRAN®-enabled solid-state circuit breaker (SSCB), with an anticipated product rollout later this year [2]. - Collaborations have expanded to include four and five global Tier 1 automotive suppliers, focusing on low-loss, solid-state solutions for electric vehicle (EV) contactors [2][5]. - Stellantis has approved a purchase order for custom development of B-TRAN® devices for multiple EV applications, indicating a strategic partnership [2][5]. - A partnership with Kaimei Electronic Corp. has been established to distribute Ideal Power's products throughout Asia, a key market for power electronics [5]. Financial Performance - Cash used in operating and investing activities in Q2 2025 was $2.5 million, up from $2.2 million in Q2 2024 [5]. - Operating expenses for Q2 2025 were $3.1 million, compared to $2.9 million in Q2 2024, primarily due to increased research and development spending [5]. - The net loss for Q2 2025 was $3.0 million, compared to a net loss of $2.7 million in Q2 2024 [5][17]. - Cash and cash equivalents totaled $11.1 million as of June 30, 2025, down from $15.8 million at the end of 2024 [15]. Patent and Technology - Ideal Power currently holds 96 issued B-TRAN® patents, with 47 issued outside the United States and 74 pending [5]. - The B-TRAN® technology is positioned as a highly efficient and eco-friendly solution for various applications, including EVs and renewable energy [11]. Future Milestones - The company has set several milestones for 2025, including securing additional design wins and starting initial sales ramp in the second half of the year [13].