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Amprius Technologies Inc (AMPX)
NYSE:AMPX
US Market

Amprius Technologies Inc (AMPX) AI Stock Analysis

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Amprius Technologies Inc

(NYSE:AMPX)

51Neutral
Amprius Technologies Inc receives an overall score of 51. The company's strong revenue growth and strategic global expansion are positive, but ongoing financial challenges, including negative profitability and reliance on external financing, weigh heavily on the score. Technical indicators suggest moderate momentum, while valuation metrics highlight the current financial struggles.
Positive Factors
Market Opportunities
The availability of cylindrical battery cells with SiCore opens up new market opportunities for Amprius.
Product Performance
Amprius's SiCore product is demonstrating an industry-leading performance, with its most recent cell delivering 370 Wh/kg and capable of 10C discharge.
Negative Factors
Market Volatility
The low float makes it volatile and difficult for large investors to get involved meaningfully.
Tariff Concerns
Potential headwinds from new tariff-related developments should be considered by investors.

Amprius Technologies Inc (AMPX) vs. S&P 500 (SPY)

Amprius Technologies Inc Business Overview & Revenue Model

Company DescriptionAmprius Technologies, Inc. manufactures and distributes lithium-ion batteries. Its products include silicon nanowire anode lithium-ion batteries. The company serves the aerospace, defense, and electric vehicle industries. Amprius Technologies, Inc. was incorporated in 2008 and is headquartered in Fremont, California.
How the Company Makes MoneyAmprius Technologies Inc generates revenue through the sale of its advanced lithium-ion batteries to various industries, including automotive, aerospace, and consumer electronics. The company's key revenue streams include direct sales of battery products, licensing of its proprietary technology, and strategic partnerships with manufacturers and suppliers. Amprius's earnings are significantly influenced by its ability to maintain competitive advantages in battery performance and establish long-term supply agreements with major industry players. Additionally, collaborations with research institutions and continuous innovation contribute to sustaining its market position and financial growth.

Amprius Technologies Inc Financial Statement Overview

Summary
Amprius Technologies Inc is in a growth phase with strong revenue increases but faces significant operational challenges. Negative profitability margins, a reliance on external financing, and increasing liabilities offset the moderate debt-to-equity ratio and reasonable financial stability.
Income Statement
30
Negative
Amprius Technologies Inc has shown significant revenue growth, with a 166.9% increase in 2024. However, the company remains unprofitable, with negative gross and net profit margins. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies and cost challenges.
Balance Sheet
45
Neutral
The company maintains a moderate debt-to-equity ratio, suggesting a balanced capital structure. However, the return on equity is negative due to ongoing losses. The equity ratio is reasonably healthy, indicating a fair level of financial stability, but the overall liabilities are increasing.
Cash Flow
35
Negative
Amprius Technologies has negative free cash flow, although there was some improvement in operating cash flow relative to net income. The company relies heavily on financing activities to support operations, which could pose risks if external funding becomes limited.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
24.17M9.05M4.41M2.77M4.68M
Gross Profit
-18.33M-14.68M-5.44M-4.33M-2.02M
EBIT
-46.26M-38.71M-18.04M-10.62M-7.45M
EBITDA
-40.59M-36.90M-16.50M-8.46M-6.18M
Net Income Common Stockholders
-44.67M-36.78M-16.62M-9.88M-7.46M
Balance SheetCash, Cash Equivalents and Short-Term Investments
55.16M45.76M69.70M11.49M2.00K
Total Assets
121.13M107.74M83.17M18.53M6.66M
Total Debt
37.76M35.57M3.02M0.00743.00K
Net Debt
-17.40M-10.19M-66.67M-11.49M741.00K
Total Liabilities
51.65M47.94M10.14M4.67M5.49M
Stockholders Equity
69.47M59.80M73.03M13.86M1.17M
Cash FlowFree Cash Flow
-36.56M-43.10M-15.36M-8.63M-5.57M
Operating Cash Flow
-33.35M-25.55M-13.88M-8.02M-5.04M
Investing Cash Flow
-3.21M-17.55M-1.48M-609.00K-527.00K
Financing Cash Flow
47.15M19.17M73.63M20.11M5.57M

Amprius Technologies Inc Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2.14
Price Trends
50DMA
2.64
Negative
100DMA
2.64
Negative
200DMA
1.95
Positive
Market Momentum
MACD
-0.09
Positive
RSI
41.42
Neutral
STOCH
35.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMPX, the sentiment is Negative. The current price of 2.14 is below the 20-day moving average (MA) of 2.63, below the 50-day MA of 2.64, and above the 200-day MA of 1.95, indicating a neutral trend. The MACD of -0.09 indicates Positive momentum. The RSI at 41.42 is Neutral, neither overbought nor oversold. The STOCH value of 35.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AMPX.

Amprius Technologies Inc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
$4.29B11.055.73%232.30%4.75%-5.69%
52
Neutral
$192.91M-21.13%15.67%-45.59%
51
Neutral
$265.34M-70.24%166.95%-3.40%
51
Neutral
$595.13M-45.91%23.87%-100.53%
GWGWH
39
Underperform
$26.75M-130.40%-16.51%0.19%
32
Underperform
$1.11B125.43%-4.71%-117.58%
14
Underperform
$36.42M-860.70%-12310.81%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AMPX
Amprius Technologies Inc
2.14
0.38
21.59%
MVST
Microvast Holdings
1.83
1.33
266.00%
EOSE
Eos Energy Enterprises
4.74
4.00
540.54%
GWH
ESS Tech
2.18
-8.19
-78.98%
SDST
Stardust Power
0.61
-10.63
-94.57%
SLDP
Solid Power
1.10
-0.54
-32.93%

Amprius Technologies Inc Earnings Call Summary

Earnings Call Date: Mar 20, 2025 | % Change Since: -7.36% | Next Earnings Date: May 8, 2025
Earnings Call Sentiment Neutral
The earnings call highlights Amprius Technologies' strong revenue growth, customer expansion, and global market penetration. However, the company still faces financial challenges with negative gross margins and a significant net loss. The strategic partnerships and contract manufacturing success indicate a promising future, but the financial metrics show room for improvement.
Highlights
Record Sales Revenue
Amprius achieved record sales revenue of $10.6 million in Q4 2024, a 35% increase from Q3 2024 and a 170% increase from Q4 2023. Full-year revenue reached $24.2 million, marking a 167% increase from 2023.
Customer Expansion
Amprius shipped to 98 total customers in Q4 2024, with 53 new customers. Total customer engagements reached 235 for the year, reflecting a strong growth path and product competitiveness.
Global Market Penetration
77% of Q4 2024 revenue came from outside the United States, compared to just 22% in the same period of last year, indicating a significant expansion of the customer base worldwide.
Fortune 500 Agreements
Amprius signed agreements with two Fortune 500 companies, including a nonbinding letter of intent with a Fortune Global 500 technology OEM to develop a high-energy battery cell, and a development contract for a small format, custom, high-energy density SiMaxx pouch cell.
Contract Manufacturing Success
Amprius secured over 1.8 gigawatt-hour cell manufacturing capacity through contract manufacturing, without spending on infrastructure, enabling flexibility and scalability.
Lowlights
Negative Gross Margin
Despite improvements, the gross margin remained negative at 21% in Q4 2024, compared to negative 65% in Q3 2024 and negative 98% in Q4 2023, due to cost structure and preconstruction planning costs.
Net Loss
Amprius reported a GAAP net loss of $11.4 million for Q4 2024 and $44.7 million for the full year, with negative EPS of $0.10 per share in Q4 and $0.45 for the year.
R&D and Operating Expense Increase
Operating expenses for Q4 2024 were $9.5 million, an increase of 55% from Q3 2024, due to higher R&D costs and nonrecurring charges, including stock-based compensation and a write-down of property, plant, and equipment.
Company Guidance
During the Amprius Technologies Fourth Quarter and Full Year 2024 Earnings Conference Call, CEO Dr. Kang Sun and CFO Sandra Wallach discussed the company's record performance and provided future guidance. Amprius reported $10.6 million in fourth-quarter revenue, marking a 35% increase from Q3 2024 and a significant 170% increase from Q4 2023. The company ended 2024 with $24.2 million in revenue, a 167% increase from 2023, driven by strong customer engagement and a diverse product portfolio that includes a high energy density and high-power density silicon anode battery. Amprius engaged with 235 customers in 2024, with 53 new customers in Q4 alone, and has added $16 million in new customer purchase orders to its backlog. The company's gross margin improved to negative 21% in Q4 2024 from negative 65% in Q3 2024. Amprius has expanded its manufacturing capacity to 1.8 gigawatt hours and is actively developing a global contract manufacturing network, including partnerships in Korea and Europe, to support future growth. Looking ahead, Amprius aims to continue its momentum, expand its customer base, and enhance its manufacturing capabilities in 2025.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.