Ideal Power Inc. is dedicated to the development and market introduction of its proprietary B-TRAN technology, an advanced bi-directional bipolar junction transistor ...
Ideal Power Inc. is a technology company focused on the development and market introduction of its proprietary B-TRAN® (Bi-directional Bipolar Junction TRANsistor) solid-state switch. Founded in 2007 and headquartered in Austin, Texas, the company was initially named Ideal Power Converters Inc. before changing to its current name in 2013. B-TRAN® ...Ideal Power Inc. is a technology company focused on the development and market introduction of its proprietary B-TRAN® (Bi-directional Bipolar Junction TRANsistor) solid-state switch. Founded in 2007 and headquartered in Austin, Texas, the company was initially named Ideal Power Converters Inc. before changing to its current name in 2013. B-TRAN® is a bidirectional semiconductor power switch designed to replace traditional power switches in applications such as electric vehicles (EVs), renewable energy systems (solar and wind), energy storage, motor drives, and solid-state circuit breakers. The technology offers significant advantages including reduced conduction losses, simplified drive circuits, and lower system costs, which are critical for improving the efficiency and performance of modern power electronics.
The company generates revenue through licensing its B-TRAN® technology, prototyping services, and potential future royalty streams from manufacturing partners. As a development-stage company with limited revenue (reported revenue of approximately $37,700 for 2024), Ideal Power's financial performance shows a focus on R&D and commercialization efforts. Key financial metrics include a market capitalization around $69 million (as of late 2025/early 2026), a price-to-book ratio of about 2.63, and negative operating margins due to significant investment in research and development (R&D expenses exceeding 250% of revenue) and sales, general, and administrative (SG&A) costs. The company currently has a strong cash position relative to its market cap, with cash per share around $1.47 and a current ratio above 11, indicating it can fund operations for the near term.
Key leadership includes CEO David Somo, who assumed the role in November 2025, succeeding Dan Brdar, who had led the company through much of its growth. Other executives include CFO Tim Burns and Chief Commercial Officer Mark Russell. The company is headquartered in Austin, Texas, and has a small team of about 17 full-time employees, typical for an innovation-driven startup.
In 2025, Ideal Power made significant progress with product development, including the introduction of its B-TRAN® devices to potential customers and strategic partnerships, though full commercialization is still in progress. The company's value proposition lies in its strong patent portfolio and the potential for its technology to disrupt existing power semiconductor markets. Ideal Power faces competition from established players like Infineon, ON Semiconductor, and STMicroelectronics, but differentiates itself through its focus on bidirectional switching and cost-effectiveness. Looking ahead, the company aims to secure additional partnerships and licensing agreements to scale up production and generate sustainable revenue, positioning itself for growth in the rapidly expanding market for efficient power conversion solutions.
Plutux no es un asesor de inversiones. Los datos de mercado y el análisis generado por IA son solo informativos y educativos, no asesoramiento de inversión. Aviso legal
InteranualYoY significa Year-over-Year (interanual). Compara el último valor anual con el valor anual anterior para mostrar la fortaleza de la tendencia a largo plazo.
TrimestralQoQ significa Quarter-over-Quarter (intertrimestral). Compara el último trimestre con el trimestre inmediatamente anterior para mostrar cambios de impulso a corto plazo.
IngresosEl dinero total que entró por la puerta principal al vender cosas, antes de pagar una sola factura. Piensa en esto como el gran total de cada compra con tarjeta de los clientes. (YoY compara el rendimiento de este año con el del año pasado, mientras que QoQ compara los tres meses actuales con los tres anteriores).
$37728
-56.1%
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Beneficio netoEl resultado final absoluto. Si la empresa pagara a cada proveedor, empleado, banquero y recaudador de impuestos, este es el dinero real que queda en su bolsillo al final del día.
$-10.6M
-1.5%
+6.0%
Margen brutoEl margen básico. Si venden unas zapatillas de 100 dólares, este porcentaje indica cuánto de ese precio es ganancia justo después de pagar el caucho y los cordones, pero antes de pagar el alquiler de la tienda o los anuncios de televisión.
-60.1%
-601.1%
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Margen operativoLa puntuación de eficiencia del 'trabajo diario'. De cada dólar que gasta un cliente, esto muestra cuántos centavos mantiene la empresa después de fabricar el producto Y pagar todos los gastos generales corporativos (como salarios, marketing y mantener las luces encendidas).
-28979.0%
-125.2%
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Margen netoEl porcentaje final que se lleva a casa. Cuando se eliminan todos los costos concebibles, impuestos y pagos de intereses, este es el número exacto de centavos que la empresa realmente se queda de cada dólar en ventas.
-28038.6%
-131.5%
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Flujo de caja libreEl santo grial del efectivo corporativo. Es el dinero físico gastable que queda después de que el negocio paga sus operaciones diarias Y compra las actualizaciones grandes y costosas (como nuevas fábricas o servidores) que necesita para sobrevivir. Este es el dinero 'libre' que pueden usar para pagar dividendos o recomprar acciones.
$-9.3M
-0.1%
-12.4%
Margen FCFLa tasa definitiva de conversión de efectivo. Muestra qué tan buena es la empresa para convertir ventas regulares directamente en efectivo frío, duro y gastable. Un porcentaje alto significa que el negocio es una auténtica máquina de imprimir dinero.
-24530.7%
-128.2%
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Deuda/PatrimonioEl indicador de riesgo financiero. Compara cuánto del imperio de la empresa se construyó con dinero prestado (préstamos) frente al dinero propio de los propietarios (accionistas). Un número alto significa que están muy apalancados y juegan un juego más arriesgado; un número bajo significa que juegan a lo seguro.
5.1%
+88.1%
-60.6%
Ratio corrienteLa verificación de supervivencia de 12 meses. Simplemente compara el efectivo que tienen ahora mismo (más cosas que pueden convertirse rápidamente en efectivo) con las facturas inmediatas que absolutamente deben pagar este año. Una puntuación superior a 1 significa que tienen suficiente en la billetera para cubrir las próximas facturas sin entrar en pánico.
6.72x
-76.9%
+148.3%
Activos totalesEl tamaño absoluto del imperio de la empresa. Agrupa absolutamente todo lo valioso que poseen, desde el efectivo en la caja registradora y el inventario en el almacén, hasta las patentes de software en la bóveda y las fábricas en el suelo.
Operator: Good morning, ladies and gentlemen, and welcome to the Ideal Power Second Quarter 26 results conference call. At this time, all participants are in a listen-only mode. At the end of management's remarks, there will be a question-and-answer session. Investors can submit their questions anytime within the meeting webcast by typing them into the Q&A button on the left side of your viewing screen. Analysts who publish research may ask questions on the phone line. For analysts to ask questions on the phone line, please press 1 on your phone keypad. As a reminder, this event is being recorded. I would now like to turn the conference over to Jeff Christensen. Please go ahead.
Jeff Christensen: Thank you, Jenny, and good morning, everyone. Thank you for joining Ideal Power's second quarter 26 results conference call. On the call with me are David Somo, President and Chief Executive Officer and Timothy W. Burns, chief financial officer. Ideal Power's second quarter 26 financial results press release is available on the company's website at idealpower.com. Before we begin, I would like to remind everyone that a number of statements on this call are forward looking statements. All statements on this call that are based on historical fact are that are not based on historical fact are forward-looking statements. While management has based any forward-looking statements on its current expectations, The information which such expectations were based on may change. These forward-looking statements rely on a number of assumptions concerning future events, and are subject to a number of risks, uncertainties and other factors. Many of which are outside the company's control. That could cause actual results to materially differ from such statements. Please refer to the company's SEC filings for some of the associated risks, uncertainties and other factors. We would also refer you to Ideal Power's website for more supporting company information. Now I would like to turn the call over to Ideal Power's president and chief executive officer, David.
David Somo: Thank you, Jeff, and thank you to everyone joining us today. I will begin with an update on our commercial progress from the start of the second quarter. Then Tim will review our financial results. And after our remarks, we look forward to your questions. Let me start with our lead Asia customer. We are finalizing our low current solid-state circuit breaker or SSCB prototype development for shipment to the customer later this month for their internal testing. E Tran enabled SSCB prototypes are expected to be available from this customer for their 800 volt AI data center and energy grid customers in the fourth quarter of 26. With initial low volume orders to support the prototype builds, also expected in the fourth quarter. Beyond that initial project and in order of priority, we are engaged with this customer on 2 additional projects. 1 for a medium current SSCB designed for 800 volt DC data centers …
