Ideal Power Q2 net loss $2.7M; advances B-TRAN with 3rd automaker and second fab

Ideal Power Inc.

Net loss of $2.7M in Q2 2024, up from $2.3M a year ago; operating expenses $2.9M.
Cash and equivalents $20.1M; raised $15.7M net from public offering; no debt.
Collaborating with a third global automaker for B-TRAN-enabled contactors in EVs.
Qualified second high-volume production fab; added second global distributor.
Issued 87 B-TRAN patents, 45 pending; SymCool module current rating raised to 200A.

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