Ideal Power's Q2 2025: Key Contradictions in Stellantis Partnership and Revenue Expectations

Stellantis partnership and EV market impact, sales ramp and revenue expectations, automotive engagement and design wins, initial revenue projections are the key contradictions discussed in Ideal Power's latest 2025Q2 earnings call.



Product Advancements and Market Engagement:
- Ideal Power shipped updated solid-state circuit breaker prototypes to its first design win customer and entered into a collaboration with a fourth global Tier 1 automotive supplier.
- The company is experiencing significant interest in its B-TRAN technology for applications like solid-state circuit breakers and EV contactors due to its ultra-low conduction losses.

Strategic Partnerships and Market Expansion:
- Ideal Power added a partnership with Kaimie Electronic Corp. to distribute products in Asia, targeting the world's largest power electronics market.
- The company is now collaborating with 5 automakers, including 4 of the top 10 global automakers, indicating a broad market reach and potential for growth in the automotive sector.

Automotive Applications and Qualifications:
- Ideal Power expects an upcoming purchase order from Stellantis for multiple EV applications, signaling a significant step in validating B-TRAN's benefits for high-power EV applications.
- The company successfully completed third-party automotive prequalification with 0 failures, demonstrating the reliability and robustness of its B-TRAN devices.

Financial Outlook and Cash Management:
- The company's second quarter cash burn increased to $2.5 million, but stayed within the guided range, indicating prudent expense management.
- Ideal Power anticipates starting a revenue ramp in 2025, supported by initial product sales and development activities, contributing to future financial stability.