Ideal Power Inc. Reports Q1 2025 Financial Results

Ideal Power Inc ( (IPWR) ) has released its Q2 earnings. Here is a breakdown of the information Ideal Power Inc presented to its investors.

Ideal Power Inc., a company specializing in the development of innovative semiconductor power switches, is a key player in the energy control solutions sector, focusing on its patented B-TRAN® technology. The company recently reported its financial results for the first quarter of 2025, highlighting significant progress in its strategic initiatives.

Ideal Power’s first quarter of 2025 was marked by the completion of solid-state circuit breaker prototypes ahead of schedule and securing an order from a Forbes Global 500 leader for its B-TRAN® technology. The company is also advancing a potential new program with Stellantis for electric vehicle contactors, in addition to its existing drivetrain inverter program. Despite the challenges posed by new tariffs, Ideal Power expects minimal impact due to exemptions for power semiconductors.

Financially, the company reported a net loss of $2.7 million for the quarter, slightly higher than the previous year. Operating expenses increased due to higher research and development spending, while commercial revenue saw a decline. Cash and cash equivalents stood at $13.7 million, with no long-term debt reported.

Looking forward, Ideal Power remains focused on its strategic goals for 2025, including securing further development agreements, starting an initial sales ramp in the second half of the year, and increasing the power rating of its products. The company is optimistic about its growth prospects, driven by ongoing collaborations and expanding market reach.