The semiconductor firm reported no revenue and a deeper net loss but highlighted a growing $300 million sales opportunity funnel.
Ideal Power reported a net loss of $3.6 million for Q1, widening from the prior period, with no revenue generated. Cash burn totaled $2.3 million, below guidance, leaving the company with $16.4 million in cash and no debt at quarter-end.
The company’s sales opportunity pipeline expanded to over $300 million, up from $200 million in late February, driven by projects in AI data centers, grid infrastructure, industrial systems, and automotive applications. Management cited progress on 800-volt DC AI data center prototypes and a development agreement tied to NVIDIA’s Rubin Ultra architecture.
CEO David Somo noted diversification across sectors and geographies, with B-TRAN automotive deliverables for Stellantis targeted by mid-2026.