Ideal Power Inc. reported financial results for the second quarter ended June 30, 2026, reporting a net loss of $3.4 million compared to $3.0 million in the prior year period. The company raised $27.7 million in net proceeds from a registered direct offering of common stock and pre-funded warrants. Cash and cash equivalents increased to $41.3 million at quarter-end. Operating expenses rose to $3.6 million, driven by higher stock-based compensation and patent impairment charges. Commercially, Ideal Power advanced its B-TRAN® bidirectional semiconductor power switch technology, including prototype shipments for solid-state circuit breakers (SSCB) to a lead Asian customer and evaluation kits to Stellantis for EV applications. The company also entered into a long-term supply agreement with a high-volume wafer foundry in Asia, achieving functional first silicon production. Ideal Power operates in the semiconductor industry, developing and providing innovative bidirectional power switch technology for data centers, electric vehicles, and industrial power systems.