Ideal Power Q4 net loss $1.9M; FY loss $10.6M; cash $6.1M; Lazzen deal

Ideal Power Inc.

Net loss Q4 2025 $1.9M vs $2.6M Q4 2024; FY 2025 $10.6M vs $10.4M FY 2024.
Cash and equivalents $6.1M at Dec 31, 2025; no long-term debt.
Raised $12.6M net proceeds from Feb 2026 offering led by largest institutional holders and CEO.
Signed multi-year strategic agreement with Lazzen for B-TRAN solid-state circuit breakers targeting AI data centers.
B-TRAN patent estate: 100 issued (48 outside US), 78 pending.

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