Ideal Power Inc
NASDAQ:IPWR
Ideal Power Inc
Ideal Power, Inc. engages in the development of power converter solutions for photovoltaic generation, grid-storage and electrified vehicle charging. The company is headquartered in Austin, Texas and currently employs 7 full-time employees. The company went IPO on 2013-11-22. The firm is engaged in the development of its bidirectional power switches and energy control solutions for electric vehicle, electric vehicle charging, renewable energy, energy storage, uninterruptible power supply (UPS)/ data center, solid-state circuit breaker and other industrial and military applications. B-TRAN is a double-sided bidirectional alternative circuit (AC) switch that delivers performance improvements over conventional power semiconductors. The firm's B-TRAN modules reduce conduction and switching losses, complexity of thermal management and operating costs in medium voltage AC power switching and control circuitry.
Ideal Power, Inc. engages in the development of power converter solutions for photovoltaic generation, grid-storage and electrified vehicle charging. The company is headquartered in Austin, Texas and currently employs 7 full-time employees. The company went IPO on 2013-11-22. The firm is engaged in the development of its bidirectional power switches and energy control solutions for electric vehicle, electric vehicle charging, renewable energy, energy storage, uninterruptible power supply (UPS)/ data center, solid-state circuit breaker and other industrial and military applications. B-TRAN is a double-sided bidirectional alternative circuit (AC) switch that delivers performance improvements over conventional power semiconductors. The firm's B-TRAN modules reduce conduction and switching losses, complexity of thermal management and operating costs in medium voltage AC power switching and control circuitry.
CEO Transition: David Somo, with over 30 years of semiconductor industry experience, is the new CEO, replacing Dan Brdar after a planned retirement and thorough search process.
Stellantis Partnership: Ideal Power secured a purchase order from Stellantis for custom B-TRAN devices targeting multiple EV applications, completing the first of five deliverables, with broader adoption potential across all Stellantis EV models.
Design Win Progress: The company's first design win customer has successfully completed testing of updated solid-state circuit breakers, moving towards finalizing product design for commercial rollout.
Product Innovation: Increased the power rating of its discrete B-TRAN product by 50%, sparking greater customer interest and aligning with the market's trend toward higher power architectures.
Financial Position: Cash burn in Q3 2025 was $2.7 million, at the low end of guidance, with $8.4 million in cash and no debt, expected to fund operations through at least mid-2026.
Revenue Outlook: Revenue remains modest as customers are still evaluating the technology, but initial product sales could reach several hundred thousand dollars in year one, potentially exceeding $1 million in year two from a key Asian customer.
Commercial Pipeline: Expanded global reach with a direct salesperson added in Asia and ongoing engagements with multiple automotive OEMs and Tier 1 suppliers.
Commercialization Roadmap: CEO plans a future update call to provide more detail on commercialization plans and revenue outlook after further business review.
