Ideal Power Q3 net loss $2.7M; cash $18.7M; secured orders from global Tier 1 auto supplier

Ideal Power Inc.

Net loss $2.7M unchanged YoY; cash used in ops/investing $2.4M vs $1.9M.
Cash and equivalents $18.7M at Sept 30, 2024; no long-term debt.
Secured orders from global Tier 1 automotive supplier for B-TRAN devices and SymCool module.
Added distributors RYOSHO and Sekorm; expanded patent portfolio to 90 issued patents.
Initiated third-party automotive qualification testing; no failures to date.

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