Ideal Power reports Q2 results, eyes revenue growth with new SSCB product.

• Ideal Power reports Q2 results • B-TRAN® bidirectional semiconductor power switch • First design win customer nearing prototype completion • OEM to expand B-TRAN® offerings with various power ratings • Collaborating with fourth and fifth Tier 1 automotive suppliers • Stellantis approves purchase order for custom B-TRAN® solutions

Austin, Texas — Ideal Power Inc. (Nasdaq: IPWR), a developer and innovative provider of the B-TRAN® bidirectional semiconductor power switch, has reported its second quarter (Q2) 2025 financial results. The company highlighted significant milestones in its technology development and partnerships, particularly in the automotive and renewable energy sectors.

Financial Performance:
- Cash used in operating and investing activities in Q2 2025 was $2.5 million, up from $2.2 million in Q2 2024.
- Total cash and cash equivalents stood at $11.1 million at June 30, 2025.
- Operating expenses in Q2 2025 were $3.1 million, an increase of $200,000 from Q2 2024, primarily driven by higher research and development spending.
- Net loss in Q2 2025 was $3.0 million, compared to $2.7 million in Q2 2024.

Technology and Partnerships:
- Ideal Power's first design win customer is nearing completion of its B-TRAN®-enabled solid-state circuit breaker (SSCB) prototype testing. The company anticipates the customer to launch its first B-TRAN®-enabled product later this year and expand its offerings to include a suite of B-TRAN®-enabled SSCBs with a wide range of power ratings.
- The company has entered into collaborations with a fourth and fifth global Tier 1 automotive suppliers. These suppliers are evaluating B-TRAN® technology for use in solid-state EV contactors, with the fourth supplier planning to launch a formal program within the next few months.
- Stellantis has internally approved a purchase order for custom development and packaged B-TRAN® devices targeting multiple electric vehicle applications. This strategic win will enable multiple uses of B-TRAN® across Stellantis' EV platforms.

Patent and Market Expansion:
- Ideal Power's patent estate includes 96 issued B-TRAN® patents, with 47 issued outside the United States and 74 pending patents.
- The company has shipped SSCB reference designs to several large companies, including two Forbes Global 500 power management market leaders and its fourth and fifth global Tier 1 automotive suppliers.

Upcoming Events:
- Ideal Power will hold a conference call on August 14, 2025, to discuss its Q2 results and host a Q&A session.
- The company plans to participate in the H.C. Wainwright 27th Annual Global Investment Conference in New York on September 8, 2025.

About Ideal Power Inc.:
Ideal Power Inc. is focused on its patented Bidirectional, Bipolar Junction Transistor (B-TRAN®) semiconductor technology, which delivers substantial performance improvements over conventional power semiconductors. The company's B-TRAN® technology is used in electric vehicle, electric vehicle charging, renewable energy, energy storage, UPS/data center, solid-state circuit breaker, and other industrial and military applications.

References:
[1] https://www.prnewswire.com/news-releases/ideal-power-reports-second-quarter-2025-financial-results-302529550.html