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Ideal Power Reports Third Quarter 2026 Financial Results

  • Ideal Power Inc. reported third-quarter 2026 results ending September 30, 2026, with cash and cash equivalents totaling $38.3 million.
  • The company demonstrated a working prototype of an intelligent solid-state circuit breaker in collaboration with Power Integrations for 800-volt DC data centers.
  • Ideal Power finalized a statement of work for an NRE-funded 800-volt DC 125-amp SSCB development project with a global industrial technology company.
  • A new engagement was initiated with a large customer evaluating the B-TRAN® switch for an 800-volt DC 63-amp SSCB in battery energy storage systems.
  • The company is finalizing an NRE-funded engineering study with an industry partner to create a simulation platform for a U.S. hyperscaler.
  • Distribution of the 800-volt SSCB reference design kit (RDK) expanded, with Richardson Electronics now stocking the product.
  • Progress continued on the EV contactor opportunity with Stellantis, including the evaluation of Gen 2 B-TRAN® custom-packaged samples.
  • Functional B-TRAN® first silicon was achieved at an automotive-qualified foundry in Asia, with JEDEC qualification expected by year-end.
  • The company's patent estate now includes 108 issued B-TRAN® patents covering North America, China, Taiwan, Japan, South Korea, India, and Europe.
  • Operating expenses for the quarter were $3.9 million, driven by higher personnel costs, stock-based compensation, and non-cash patent impairment charges.
  • The net loss for the third quarter of 2026 was $3.6 million, compared to $2.9 million in the same period last year.
  • Revenue for the third quarter was $7,000, down from $24,450 in the third quarter of 2025.
  • The company secured $39.9 million in net financing cash flows during the first nine months of 2026, primarily from the issuance of common stock.
  • A conference call to discuss results was scheduled for November 12, 2026, at 10:00 AM Eastern Time.
Company
IDEAL POWER INC.
Keywords
IDEAL POWER INC.