Ideal Power reports Q3 net loss $1.2M; adds major firms to B-TRAN test program

Ideal Power Inc.

2021-Q3 EPS reported -$0.57 revenue$447,794

Net loss of $1.2M (vs $4.9M which included $3.7M one-time charge); cash $24.5M, no debt.
Grant revenue $121k in Q3 vs $148k in Q3 2020; nine-month grant revenue up to $448k.
Added test/evaluation participants: top 10 global automaker, Forbes 500 power mgmt leader, top 10 solar converter, EV charging co.
Partnered with DTI under DOE SBIR for B-TRAN AC solid state circuit breaker; final NAVSEA wafer run.
Targeting commercialization of B-TRAN in second half of 2022.

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