Amprius Technologies Inc ( (AMPX) ) has released its Q4 earnings. Here is a breakdown of the information Amprius Technologies Inc presented to its investors.
Amprius Technologies Inc., a leader in the silicon anode battery sector, develops and markets high-energy density batteries for electric mobility applications, including aviation and electric vehicles. The company reported significant achievements in 2024, including the introduction of its SiCore battery platform, record sales revenue, and expansion of its customer base to 235 clients. Amprius’ fourth-quarter revenue reached $10.6 million, marking a 35% increase from the previous quarter and a 170% increase year-over-year. The company also secured agreements with Fortune 500 companies for developing high-energy battery solutions for the light electric vehicle market. Despite a net loss of $11.4 million in Q4, Amprius showed improved gross margins due to its SiCore product line. Looking ahead, Amprius is optimistic about 2025, aiming to deliver new high-performance batteries, expand its market presence, and strengthen its manufacturing partnerships.
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