#United States #Austin #electric vehicles #Ideal Power #B-TRAN

Ideal Power's Q2 2025 Report: Significant Advancements and Future Prospects

Austin, Texas - On August 14, 2025, Ideal Power Inc. (NASDAQ: IPWR) released its financial results for the second quarter ending June 30, 2025, showcasing pivotal achievements and strategic developments in their operations.

As a leading provider of the innovative B-TRAN® bidirectional semiconductor power switch, Ideal Power continues to make strides towards enhanced energy control solutions applicable to electric vehicles (EVs) and other industries. The company noted remarkable progress in its collaboration with numerous global Tier 1 automotive suppliers, emphasizing the increasing demand for solid-state solutions in the EV sector. Recently, they announced that their very first design win customer is nearing completion of prototype testing for their B-TRAN®-enabled solid-state circuit breaker (SSCB). Following this testing phase, an initial rollout is expected later this year, setting the stage for additional offerings of B-TRAN®-enabled SSCBs with diverse power ratings, which could significantly boost revenue.

Dan Brdar, President and CEO of Ideal Power, expressed enthusiasm about the recent developments: "We are thrilled about the momentum we have built in our B-TRAN® commercial roadmap. The growing collaboration with our automotive partners signifies a robust market response to our low-loss and efficient solutions for electric vehicle applications."

Operational Highlights

In their pursuit of expanding B-TRAN® technology, several key operational milestones were reported:

• - Completed shipment of updated SSCB prototypes with enhanced capabilities to the first design win customer, who will begin gathering customer feedback imminently.
• - Initiated collaboration with a fourth Tier 1 automotive supplier, who plans to kick off evaluations of B-TRAN® shortly and is gearing up to launch a formal solid-state EV contactor program.
• - Received a custom development order from Stellantis, which has been approved internally for multiple EV applications, thus setting the groundwork for extensive B-TRAN® deployment across Stellantis’ electric vehicle frameworks.
• - Enhanced distribution capabilities with a new partnership with Kaimei Electronic Corp. for reaching potential customers in Asia, strengthening Ideal Power's market penetration in this critical region known for rapid tech adoption.

Amidst the excitement around these developments, Ideal Power has secured its patent estate with a total of 96 issued patents for B-TRAN®, including 47 issued outside of the United States and 74 patents pending. The geographic coverage of these patents spans across North America and key regions in Asia, ensuring strong intellectual property protection amid increasing global competition.

Financial Overview

In terms of financial performance, Ideal Power reported:

• - A cash utilization of $2.5 million for operating and investing activities in Q2 2025, a slight increase from $2.2 million recorded in Q2 2024.
• - Operating expenses totalled $3.1 million for Q2 2025 compared to $2.9 million from the previous year, attributed prominently to increased research and development activities.
• - The net loss for this quarter was reported at $3.0 million compared to a loss of $2.7 million in the same quarter of the previous year.

As of June 30, 2025, Ideal Power held cash and cash equivalents of $11.1 million, coupled with no long-term debt, which positions the company favorably for future growth opportunities.

The company has set several milestones for the remainder of 2025, including securing further design win agreements, increasing product power ratings, and commencing initial sales ramps in the latter half of the year.

Upcoming Events and Engagement

Looking ahead, Ideal Power will host a conference call at 10 AM Eastern Time on August 14, 2025, to discuss the quarterly results and address questions from analysts and investors. The company is also scheduled to participate in the H.C. Wainwright 27th Annual Global Investment Conference in New York on September 8, 2025.

In conclusion, Ideal Power Inc. is well-positioned with its innovative B-TRAN® technology and strategic partnerships, paving the way for a promising future in the electric vehicle market and beyond. For further information, please visit Ideal Power's official website.