Ideal Power (IPWR) Company Report

David Somo was appointed President and CEO in Q3 2025, with a stated priority on driving revenue growth.
Ideal Power secured a purchase order from Stellantis for custom development of B-TRAN devices for EV applications, completing the first deliverable in Q3 2025, and expects a multi-year EV contactor program.
The first DesignWin customer successfully completed testing of updated solid-state circuit breakers in Q3 2025, with initial product sales projected to generate several hundred thousand dollars in the first year and potentially over $1 million in the second year.
For Q3 2025, the company reported a net loss of $2.9 million and a cash burn of $2.7 million from operating and investing activities, holding $8.4 million in cash and cash equivalents as of September 30, 2025, providing liquidity through at least mid-2026.

Nov 13, 2025, 3:00 PM

Ideal Power Inc. Reports Third Quarter 2025 Financial Results and Operational Highlights

IPWR

Earnings

New Projects/Investments

Ideal Power Inc. reported its financial results for the third quarter ended September 30, 2025. Key financial figures are detailed below :

Metric	Q3 2024	Q3 2025	Sep 30, 2025
Revenue ($USD)	$554	$24,450	N/A
Net Loss ($USD Millions)	$(2.7)	$(2.9)	N/A
Cash and Cash Equivalents ($USD Millions)	N/A	N/A	$8.4

The company secured a purchase order from Stellantis for custom development and packaged B-TRAN® devices targeting multiple electric vehicle (EV) applications, with the first of five deliverables completed.
Ideal Power's first design win customer successfully completed testing of updated prototype solid-state circuit breakers (SSCBs) and is working on the final product design for AI data center customers.
The power rating of the discrete B-TRAN® product was increased by 50%, and sampling of these devices has commenced.

Nov 13, 2025, 2:25 PM

Ideal Power Reports Q3 2025 Financial Results

IPWR

Earnings

Product Launch

CEO Change

Ideal Power reported a net loss of $2.9 million for the third quarter of 2025, with $8.4 million in cash and cash equivalents as of September 30, 2025.
The company secured a purchase order from Stellantis for B-TRAN® devices targeting EV applications and is finalizing product design with its first design win customer for a launch targeting AI data center customers.
The power rating of Ideal Power's discrete B-TRAN® product was increased by 50%, and sampling of these devices has begun.
David Somo joined Ideal Power as President and Chief Executive Officer.

Nov 13, 2025, 2:20 PM

Ideal Power Appoints David Somo as President and CEO, Details Executive Compensation

IPWR

CEO Change

Management Change

Executive Compensation

Ideal Power Inc. appointed David Somo as President and Chief Executive Officer, effective November 3, 2025, succeeding Dan Brdar, who retired on November 2, 2025. Mr. Somo also joined the Company's Board of Directors.
Mr. Somo's compensation package includes an annual base salary of $425,000 and eligibility for a discretionary bonus with a target of 100% of his base salary.
As an inducement, Mr. Somo received an initial grant of restricted stock units (RSUs) and performance restricted stock units (PSUs), each equal to 2.5% of the Fully Diluted Common Stock. The RSUs (247,438 shares) vest in three equal annual installments beginning November 3, 2026, and the PSUs (247,438 shares) vest upon achievement of certain performance goals.
Former President and CEO Dan Brdar retired and will provide transition services for twelve months; his outstanding 60,000 PSUs granted on June 12, 2025, will remain eligible to vest during this period, while 70,000 PSUs granted on December 15, 2022, were forfeited.

Nov 3, 2025, 2:25 PM

Ideal Power Appoints New CEO

IPWR

CEO Change

Management Change

Executive Compensation

Ideal Power Inc. appointed David Somo as President and Chief Executive Officer, effective November 3, 2025.
Mr. Somo also joined the Company's Board of Directors, succeeding Dan Brdar, who retired on November 2, 2025.
Somo brings over 30 years of experience in the semiconductor industry to his new role.
As part of his appointment, Mr. Somo received inducement awards including 247,438 restricted stock units (RSUs) and 247,438 performance restricted stock units (PSUs).
The company is scheduled to hold its third quarter 2025 conference call on November 13, 2025.

Nov 3, 2025, 2:20 PM

Ideal Power Announces Power Rating Increase for Discrete B-TRAN® Product

IPWR

Product Launch

Ideal Power Inc. announced on September 22, 2025, a 50% increase in the published power rating of its discrete B-TRAN® product, raising it from 50 amps to 75 amps.
This enhancement allows customers to achieve higher system power or reduce the number of devices required, leading to improved power density and potential net cost savings for their OEM products.
The company expects to benefit from a pricing premium associated with the higher-rated product, which was validated through extensive testing up to 150 amps without any changes to the product or packaging.
An increased power rating for the SymCool® power module, which uses the same B-TRAN® dies, is scheduled to be announced later this year.