Ideal Power Inc. SEC 10-Q Report
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Ideal Power Inc., a company specializing in innovative power conversion technologies, has released its Form 10-Q report for the second quarter of 2025. The report provides a comprehensive overview of the company's financial performance and key business developments during this period.
Financial Highlights
- Revenue: $1,275. Revenue for the three months ended June 30, 2025, was primarily driven by initial orders from customers evaluating Ideal Power's technology for their applications.
- Gross Loss: $(2,202). The gross loss for the three months ended June 30, 2025, was attributed to the initial low volume shipments of the company's products.
- Loss from Operations: $(3,140,493). The loss from operations for the three months ended June 30, 2025, increased by 9% compared to the same period in 2024.
- Net Loss: $(3,036,765). The net loss for the three months ended June 30, 2025, was 14% higher compared to the same period in 2024.
- Net Loss Per Share – Basic and Diluted: $(0.33). This reflects the impact of a higher net loss and a higher weighted average number of shares outstanding.
Business Highlights
- New Product Launches: Ideal Power Inc. launched two commercial products, the SymCool® Power Module and the SymCool® IQ Intelligent Power Module, targeting markets such as renewable energy, energy storage, and electric vehicle charging.
- Development Agreement: The company is engaged in a product development agreement with Stellantis for a custom B-TRAN® power module. The second phase was successfully completed, and discussions for the next phase are ongoing.
- Customer Engagements: Ideal Power has announced engagements with several large companies, including global automakers and power conversion solution providers, for testing and evaluating its technology.
- First Design Win: The company secured its first design win for solid-state circuit breakers with a major circuit protection equipment manufacturer in Asia, completing deliverables ahead of schedule.
- Future Outlook: Ideal Power expects to announce additional design wins and custom development agreements in the second half of 2025, with anticipated revenue growth from these engagements.
SEC Filing: Ideal Power Inc. [ IPWR ] - 10-Q - Aug. 14, 2025