Ideal Power CEO Outlines 2025 Growth Momentum, Highlights B-TRAN Wins and Stellantis Deal

Ideal Power CEO Daniel Brdar discussed Q2 results, highlighting strong momentum with its first design win customer nearing prototype testing completion. The company is collaborating with 4th and 5th global Tier 1 suppliers for low-loss, solid-state solutions in EV contactors. A major milestone was reached with Stellantis internally approving a purchase order for custom development and packaged B-TRAN devices targeting multiple EV applications. Brdar outlined 2025 goals, including securing the next phase of development with Stellantis, delivering on commitments tied to its first design win, and capturing additional design wins and custom development agreements.

Ideal Power Inc. (NASDAQ: IPWR) reported its Q2 2025 financial results, highlighting strong momentum in commercializing its B-TRAN® technology. The company's CEO, Dan Brdar, discussed notable achievements and future plans during the quarter.

Design Win Progress

Ideal Power's first design win customer is nearing completion of prototype testing for a B-TRAN-enabled solid-state circuit breaker (SSCB). The company expects this initial product rollout later this year, with potential for expanded offerings and significant revenue growth opportunities [1].

Stellantis Order and Partnerships

Stellantis NV (NYSE: STLA) internally approved a purchase order for custom B-TRAN devices targeting multiple electric vehicle (EV) applications. This deal could lead to multiple uses of Ideal Power's patented B-TRAN bidirectional power switch across Stellantis' EV platforms [2]. The company also began collaborating with its fourth and fifth global Tier 1 automotive suppliers, aiming to develop low-loss, solid-state solutions for EV contactors.

Financial Performance

For the quarter ended June 30, 2025, Ideal Power reported an operating loss of $3.1 million, up from $2.9 million a year earlier, on higher research and development spending. Net loss widened to $3 million from $2.7 million. Cash used in operating and investing activities was $2.5 million, leaving the company with $11.1 million in cash and no long-term debt [1].

2025 Goals

Dan Brdar reaffirmed Ideal Power's 2025 goals, including securing the next phase of the Stellantis program, capturing more design wins, increasing product power ratings, starting an initial sales ramp in the second half of the year, and completing third-party automotive qualification testing [2]. The company aims to transition from a pure R&D entity to one generating product revenue.

Looking Ahead

Management indicated that 2025 will mark the inflection point to a revenue ramp, with the launch of the first B-TRAN-enabled solid-state circuit breaker, Stellantis' multi-application program, additional industrial and automotive design wins, and planned increases in product power ratings. Cash burn for the full year 2025 is forecast to be slightly above $10 million due to investments in new sales and engineering hires, with current cash reserves expected to fund operations through at least mid-2026 [2].

References

[1] https://www.proactiveinvestors.com/companies/news/1076704/ideal-power-advances-b-tran-commercialization-in-q2-with-stellantis-order-new-automotive-partnerships-1076704.html?region=ca

[2] https://www.mitrade.com/insights/news/live-news/article-8-1040422-20250814