Ideal Power Q1 net loss $2.7M, cash $13.7M; secures B-TRAN order from Forbes Global 500 firm

Ideal Power Inc.

Net loss $2.7M vs $2.5M in Q1 2024; cash used in operations $2.1M.
Cash and equivalents $13.7M; no long-term debt outstanding.
Commercial revenue $12k, down from $79k in prior year on slower initial shipments.
Completed SSCB prototypes for first design win three months ahead of schedule; customer testing started.
Order from third Forbes Global 500 power management leader for B-TRAN evaluation board; Stellantis EV contactor program advancing.

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