Drue Freeman
On March 10, 2022, the Board of Directors (the “Board”) of Ideal Power Inc. (the “Company”) appointed Drue Freeman and Greg Knight to the Board, effective April 4, 2022.
Highest-materiality recent filing
Ideal Power Q2 2026 net loss $3.4M; cash $41.3M after $27.7M offering
Net loss $3.4M in Q2 2026 vs $3.0M in Q2 2025; H1 2026 loss $7.0M vs $5.7M.
Ideal Power shareholders approve 800K-share increase to 2013 equity plan, extend term to 2036
Amended & Restated 2013 Equity Incentive Plan approved: adds 800,000 authorized shares, extends to June 3, 2036.
Ideal Power raises $30M in registered direct offering of common stock and pre-funded warrants
Gross proceeds ~$30M from sale of 5.29M shares (common stock or equivalents) to institutional investors.
Ideal Power Q1 net loss widens to $3.6M; advances B-TRAN projects with Asia customer and Stellantis
Net loss for Q1 2026 was $3.6M vs $2.7M in Q1 2025; operating expenses rose to $3.7M on higher stock-based comp.
Ideal Power Q4 net loss $1.9M; FY loss $10.6M; cash $6.1M; Lazzen deal
Net loss Q4 2025 $1.9M vs $2.6M Q4 2024; FY 2025 $10.6M vs $10.4M FY 2024.
Ideal Power closes $14M financing of common stock and pre-funded warrants
Gross proceeds of $14M: $12.3M from public offering of 4.46M shares/warrants, $1.7M from private placement of 631k pre-funded warrants.
Ideal Power Q3 net loss $2.9M; secures Stellantis purchase order for EV B-TRAN devices
Net loss $2.9M in Q3 2025 vs $2.7M in Q3 2024; cash used $2.7M, cash balance $8.4M, no debt.
Ideal Power appoints David Somo as President and CEO, succeeding Dan Brdar
Dan Brdar retired as President, CEO, and director effective Nov 2, 2025; transition services agreement for 12 months.
Ideal Power Q2 net loss $3.0M, cash $11.1M; Stellantis order, 5th auto supplier
Net loss $3.0M in Q2 2025 vs $2.7M in Q2 2024; operating expenses $3.1M.
All five director nominees elected: Brdar (2,623,270 for), Freeman (2,596,882), Knight (2,725,500), Lesster (2,623,992), Turmelle (2,624,005).
Ideal Power Q1 net loss $2.7M, cash $13.7M; secures B-TRAN order from Forbes Global 500 firm
Net loss $2.7M vs $2.5M in Q1 2024; cash used in operations $2.1M.
Ideal Power reports Q4 net loss $2.6M; first SSCB design win targets H2 2025 revenue
First design win for solid-state circuit breakers with large Asian OEM; revenue opportunity several hundred thousand $ in first year, >$1M in second year.
Ideal Power Q3 net loss $2.7M; cash $18.7M; secured orders from global Tier 1 auto supplier
Net loss $2.7M unchanged YoY; cash used in ops/investing $2.4M vs $1.9M.
Ideal Power Q2 net loss $2.7M; advances B-TRAN with 3rd automaker and second fab
Net loss of $2.7M in Q2 2024, up from $2.3M a year ago; operating expenses $2.9M.
Annual meeting held June 20, 2024; 63.74% quorum (4,896,402 shares represented).
Ideal Power Q1 2024: first commercial revenue of $78,739; net loss $2.5M; SymCool shipments begin
Commercial revenue $78,739 vs $0 in Q1 2023; net loss $2.5M flat YoY.
Ideal Power closes $15M public offering of 2M shares/pre-funded warrants at $7.50
Net proceeds ~$13.6M after underwriting discounts and commissions; offering closed March 28, 2024.
Ideal Power reports Q4 commercial revenue of $61K; net loss $2.4M; Stellantis Phase II completed
Q4 2023 commercial revenue $61,483 vs $0 YoY; full-year commercial revenue $161,483 vs $0.
Ideal Power Q3 net loss $2.7M, advances B-TRAN program with automaker Phase II
Net loss of $2.7M in Q3 2023 vs $1.7M in Q3 2022; operating expenses rose to $2.8M from $1.8M.
Ideal Power Q2 net loss $2.3M; achieves B-TRAN production milestone with high-volume fab
Net loss of $2.3M vs $1.7M in Q2 2022; operating expenses $2.4M up from $1.7M.
Stockholders approve 400K share increase in 2013 Equity Incentive Plan at annual meeting
Increase in authorized shares by 400,000 to 1,458,999 total; plan term extended to June 15, 2033.
Ideal Power Q1 net loss widens to $2.5M; launches SymCool Power Module
Net loss of $2.5M vs $1.9M in Q1 2022; operating expenses $2.6M.
Ideal Power Q4 net loss $1.9M; launches SymCool Power Module, signs automaker deal
Net loss Q4 2022 $1.9M vs $1.4M Q4 2021; full year net loss $7.2M vs $4.8M.
Ideal Power Q3 2022 net loss $1.7M; cash $18.5M; new automaker product development deal
Net loss of $1.7M vs $1.2M in Q3 2021; operating expenses $1.8M.
Ideal Power Q2 net loss $1.7M; delivers B-TRAN devices to NAVSEA partner DTI
Net loss $1.7M vs $1.2M YoY; grant revenue $50,978 vs $84,705.
Ideal Power amends bylaws to add exclusive forum provision; annual meeting results disclosed
Bylaws amended to add exclusive forum provision for derivative, fiduciary duty, and Securities Act claims in Delaware courts.
Ideal Power Q1 2022 net loss $1.9M vs $0.9M; progresses B-TRAN commercialization
Net loss of $1.9M in Q1 2022 vs $0.9M in Q1 2021; operating expenses $1.9M (up from $0.9M).
Drue Freeman appointed Chair of Nominating and Corp Gov Committee and member of Audit Committee.
Ideal Power reports Q4 net loss $1.4M, cash $23.2M; adds test program participants
Net loss Q4 2021 $1.4M vs $1.1M in Q4 2020; full year 2021 net loss $4.8M vs $7.8M in 2020.
Ideal Power appoints Drue Freeman and Greg Knight to board, expanding to five members
Board expands from three to five members, with four independent directors, effective April 4, 2022.
Passing of director David B. Eisenhaure left Audit Committee with only two independent directors, violating Nasdaq Listing Rule 5605(c)(2)(A).
Ideal Power reports Q3 net loss $1.2M; adds major firms to B-TRAN test program
Net loss of $1.2M (vs $4.9M which included $3.7M one-time charge); cash $24.5M, no debt.
Ideal Power announces passing of Chairman David B. Eisenhaure
David B. Eisenhaure, Chairman of the Board, passed away unexpectedly on October 21, 2021.
Ideal Power Q2 net loss widens to $1.2M; B-TRAN commercialization advances
Net loss of $1.2M vs $0.8M YoY; grant revenue $85k; operating expenses rose to $1.3M.
Ideal Power names BPM as new auditor after Gumbiner Savett merger; no disagreements
Effective July 1, 2021, GS combined with BPM; GS resigned, BPM engaged as new independent auditor for FY2021.
On March 10, 2022, the Board of Directors (the “Board”) of Ideal Power Inc. (the “Company”) appointed Drue Freeman and Greg Knight to the Board, effective April 4, 2022.
On March 10, 2022, the Board of Directors (the “Board”) of Ideal Power Inc. (the “Company”) appointed Drue Freeman and Greg Knight to the Board, effective April 4, 2022.
On October 21, 2021, Ideal Power Inc. (“Ideal Power”) announced that David B. Eisenhaure, Chairman of the Board of Directors, passed away unexpectedly.
Max materiality 0.75 · Median 0.60 · Most common event earnings