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Ideal Power Reports Third Quarter 2025 Financial Results

Ideal Power Inc. (Nasdaq: IPWR) has recently released its financial results for the third quarter of 2025, providing an insight into the company’s growth trajectory and future initiatives in the energy sector. The Austin-based developer has made significant strides in its B-TRAN® bidirectional semiconductor technology, particularly in the electric vehicle (EV) market.

As noted by David Somo, the newly appointed President and Chief Executive Officer, Ideal Power is working with a design win customer to finalize the product design for updated solid-state circuit breakers (SSCBs), expected to target AI data center clients. This marks an important milestone for the company as it strives for commercial success.

In a notable achievement, Ideal Power secured a purchase order from Stellantis for custom-developed B-TRAN® devices aimed at various EV applications. This partnership is pivotal as it reflects Ideal Power's growing influence in the EV sector, and they have already completed the first of five planned deliverables under this agreement. Moreover, Ideal Power is currently engaging with a sixth global automaker to test B-TRAN® technology for solid-state solutions in EV power systems.

Operational Highlights

During the third quarter, Ideal Power reported several key operational achievements:

• - Successful completion of SSCB prototype testing by the first design win customer, which has shown enhanced capabilities.
• - The increase in power ratings for their discrete B-TRAN® products by 50%, leading to heightened interest from both existing and potential customers.
• - Third-party automotive qualification tests for B-TRAN® devices are ongoing, with positive results and no failures recorded so far.
• - The company has built a robust patent portfolio with a total of 97 issued B-TRAN® patents, including 47 patents recognized outside the United States, expanding the technology’s geographical reach.

Financial Overview

Financially, Ideal Power reported a net loss of $2.9 million in Q3 2025, slightly higher than the $2.7 million loss from the previous year. Operating expenses in the same quarter increased modestly to $3.0 million, due to enhanced investment in research and development initiatives. Cash reserves as of September 30, 2025 stood at $8.4 million, with no long-term debt reported.

The detailed financial results reflect a cash usage of $2.7 million during the third quarter, in contrast to $2.4 million for the same quarter in 2024. The company’s efforts to drive innovation despite operating at a loss indicate a long-term strategy focused on growth in the rapidly evolving power electronics sector.

Conference Call and Outlook

Ideal Power plans to discuss these results in greater detail during a conference call scheduled for November 13, 2025. Analysts and investors are invited to participate and engage in a question-and-answer session to further elucidate the company’s strategic direction. Interested attendees can join by following the provided access instructions.

Overall, Ideal Power's performance in Q3 indicates a solid foundation for growth, particularly through collaborations within the automotive and renewable energy sectors. With an innovative product line and a commitment to enhancing energy efficiency, Ideal Power is positioned to make a significant impact in the semiconductor market. For further updates and details, visit Ideal Power’s website.

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Ideal Power’s forward-looking stance and strategic partnerships signify potential growth in an industry increasingly focused on sustainability and efficiency, promising exciting developments in the year ahead.