Ideal Power Q2 net loss $1.7M; delivers B-TRAN devices to NAVSEA partner DTI

Ideal Power Inc.

2022-Q2 EPS reported -$0.58 revenue$175,986

Net loss $1.7M vs $1.2M YoY; grant revenue $50,978 vs $84,705.
Cash $20.0M, no long-term debt at June 30, 2022.
Delivered initial B-TRAN devices to Diversified Technologies for MVDC circuit breaker demo.
Added test/eval participants: grid solutions firm, aerospace integrator, two universities.
Qualified second packaging firm for volume production; 69 issued B-TRAN patents.

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