Ideal Power reports Q4 net loss $2.6M; first SSCB design win targets H2 2025 revenue

Ideal Power Inc.

First design win for solid-state circuit breakers with large Asian OEM; revenue opportunity several hundred thousand $ in first year, >$1M in second year.
Cash and equivalents $15.8M at Dec 31, 2024; no long-term debt; cash used in ops/investing $9.2M in FY2024 vs $7.7M in FY2023.
Annual net loss $10.4M (FY2024) vs $10.0M (FY2023); commercial revenue $86K in FY2024.
Stellantis program review positive; expects to add EV contactor program; automotive qualification testing underway with no die failures.
2025 milestones: complete design win deliverables in H1, initial sales ramp in H2, capture additional design wins, complete auto qualification testing.

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