Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Amprius Technologies Inc (AMPX)
NYSE:AMPX
RESEARCH TOOLSreports
Holding AMPX?
Track your performance easily
Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.11Last Year’s EPS
-$0.11Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 40.00%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant revenue growth, customer base expansion, and advancements in battery technology. However, financial challenges such as negative gross margins and operational losses persist. The company is also reliant on non-recurring revenue sources. Overall, the sentiment reflects a company making substantial progress but facing financial hurdles.Company Guidance
During the Q3 2024 earnings call for Amprius Technologies, the company provided several key metrics highlighting their progress and financial performance. Amprius reported a significant increase in third-quarter revenue, reaching $7.9 million, which was more than double the previous quarter's revenue, driven by growth in product sales and new customer engagements. They shipped products to 94 customers, including 53 new ones, and secured $20 million in customer contracts. The company also highlighted its ongoing advancements in battery technology, achieving a third-party validation for a new battery platform with an energy density of 500 Wh/kg and a power density of 1,300 Wh/L. Additionally, Amprius expanded its manufacturing capacity through contract manufacturing, reaching up to 800 MWh of pouch cell and over 1 GWh of cylindrical cell production annually. Despite a negative gross margin of 55% for the quarter, the company remains optimistic about future growth and profitability as it continues to scale production and expand its customer base.Significant Revenue Growth
Third quarter revenue reached $7.9 million, more than doubling from the second quarter, marking a 176% year-over-year increase.
Expansion of Customer Base
Engaged with 53 new customers in Q3, with a year-to-date customer count of over 175, indicating strong market traction.
High-Performance Battery Validation
Achieved third-party validation of the latest 500 Wh/kg, 1,300 Wh/L battery platform, ready for deployment by year-end.
Major Contracts and Partnerships
Secured $20 million in customer contracts and two letters of intent with Fortune 500 companies, indicating potential high-volume orders.
Increased Manufacturing Capacity
Launched two new lines at a partner facility, now having access to up to 800 MWh of pouch cell and over 1 GWh of cylindrical cell production annually.
---
AMPX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
AMPX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $1.30 | $1.73 | +33.08% |
| Aug 08, 2024 | $1.21 | $1.09 | -9.92% |
| May 09, 2024 | $2.22 | $1.97 | -11.26% |
| Mar 21, 2024 | $2.96 | $2.76 | -6.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Amprius Technologies Inc (AMPX) report earnings?
Amprius Technologies Inc (AMPX) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Amprius Technologies Inc (AMPX) earnings time?
Amprius Technologies Inc (AMPX) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMPX EPS forecast?
AMPX EPS forecast for the fiscal quarter 2024 (Q4) is -$0.11.
---