Jeff Christensen's questions to Ideal Power Inc (IPWR) leadership • Q1 2025
Question
Jeff Christensen, representing shareholder questions from the webcast, asked about a wide range of topics including the impact of competitor Wolfspeed's financial issues, potential tariff impacts and domestic manufacturing plans, the SymCool product pipeline, customer retention, the requirements for reaching cash flow breakeven, the typical sales cycle, and progress on automotive certification.
Answer
CEO Dan Brdar stated that competitor challenges highlight the strength of Ideal Power's asset-light model and that current tariffs do not impact the company. CFO Timothy Burns explained that the SymCool power module constitutes the majority of the sales pipeline and that a few key design wins could get the company to cash flow breakeven. Brdar confirmed no key customer programs have been lost. Regarding automotive, Brdar noted that auto certification is on track for year-end 2025 and will signal robustness to industrial customers. Burns added that the EV opportunity is estimated at ~$1,100 per vehicle.