Ideal Power Q2 net loss widens to $1.2M; B-TRAN commercialization advances

Ideal Power Inc.

2022-Q2 EPS reported -$0.37 revenue$326,766

Net loss of $1.2M vs $0.8M YoY; grant revenue $85k; operating expenses rose to $1.3M.
Cash and equivalents $25.7M; no debt; H1 2021 cash burn $1.9M.
B-TRAN evaluations underway with top-10 automaker, top-10 solar provider, and EV charging firm.
DOE SBIR Phase I with DTI for solid-state circuit breaker; NAVSEA wafer run in progress.
65 issued B-TRAN patents (27 outside US); qualifying second domestic fab partner.

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