Ideal Power Q1 net loss widens 34% to $3.63 million

• Ideal Power posted a net loss of $3.63 million for the quarter ended March 31, 2026, widening 34% from a year earlier.
• Operating loss widened 31% to $3.69 million, while revenue was no revenue versus $12,003 a year earlier.
• Research and development expense rose 30% to $2.03 million, due to higher stock-based compensation and semiconductor fabrication and testing costs.
• Cash and cash equivalents totaled $16.4 million at March 31, 2026, with no outstanding debt.
• Ideal Power cited a May 2026 registered direct offering expected to raise estimated net proceeds of $27.7 million, following $12.6 million of estimated net proceeds from a February 2026 offering to fund commercialization and development of B-TRAN technology.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ideal Power Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-017430), on May 15, 2026, and is solely responsible for the information contained therein.