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Reports Q1 2025 with Decline in Commercial Revenue to $12K and Net Loss of $2.7M","url":"https://stock-news.laohu8.com/highlight/detail?id=2535482300","media":"Reuters","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2535482300?lang=en_us&edition=fundamental","pubTime":"2025-05-15 21:20","pubTimestamp":1747315257,"startTime":"0","endTime":"0","summary":"Ideal Power Inc. has reported its financial results for the first quarter ending March 31, 2025. The company experienced a net loss of $2.7 million, compared to a net loss of $2.5 million in the same quarter of 2024. Commercial revenue fell significantly to $12,003 from $78,739 in the first quarter of the previous year. Operating expenses rose to $2.8 million from $2.5 million in the first quarter of 2024, mainly due to increased research and development spending. Cash used in operating and investing activities totaled $2.1 million compared to $2.0 million in the previous year. 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