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Amprius Technologies Inc (AMPX)
NYSE:AMPX
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Amprius Technologies Inc
(NYSE:AMPX)
Rating:49Neutral
Price Target:
$2.50
▼( -0.79% Downside)
Positive Factors
Customer Base Expansion
The company shipped batteries to 102 customers in the quarter, including 46 new customers, indicating a broadening customer base.
Market Position
Amprius is highlighted as a top pick for 2025 supported by market share gains its SiCore offering is making in high-performance electric mobility market.
Revenue Growth
Revenue strength for the company continues to be supported by growing demand for SiCore, with shipments increasing by 600% since launch.
Negative Factors
Equity Dilution
The $66 million remaining at-the-money equity facility presents a substantial amount of dilution if exercised at the current valuation.
Gross Margins
Overall gross margins are expected to be negative in 2025 because of low absorption.
Stock Volatility
The low float makes it volatile and difficult for large investors to get involved meaningfully.
Amprius Technologies Inc (AMPX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$303.78M
Dividend YieldN/A
Average Volume (3M)2.71M
Price to Earnings (P/E)―
Beta (1Y)2.03
Revenue Growth209.20%
EPS Growth4.24%
CountryUS
Employees99
SectorIndustrials
Sector Strength90
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.08
Shares Outstanding120,546,074
10 Day Avg. Volume3,359,266
30 Day Avg. Volume2,714,914
Financial Highlights & Ratios
PEG Ratio2.88
Price to Book (P/B)4.12
Price to Sales (P/S)0.00
P/FCF Ratio-9.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$9.33Price Target Upside270.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
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
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.30
Negative
Balance Sheet
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.45
Neutral
Cash Flow
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.35
Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 24.17M | 9.05M | 4.41M | 2.77M | 4.68M | 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 Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 55.16M | 45.76M | 69.70M | 11.49M | 2.00K | Total Assets |
| 121.13M | 107.74M | 83.17M | 18.53M | 6.66M | Total Debt |
| 37.76M | 35.57M | 3.02M | 0.00 | 743.00K | Net Debt |
| -17.40M | -10.19M | -66.67M | -11.49M | 741.00K | Total Liabilities |
| 51.65M | 47.94M | 10.14M | 4.67M | 5.49M | Stockholders Equity |
| 69.47M | 59.80M | 73.03M | 13.86M | 1.17M |
| Cash Flow | Free 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 |
| 47.15M | 19.17M | 73.63M | 20.11M | 5.57M |
Amprius Technologies Inc Technical Analysis
Positive
2.52
Price Trends
2.51
Positive
2.76
Negative
2.10
Positive
Market Momentum
0.05
Negative
56.19
Neutral
37.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMPX, the sentiment is Positive. The current price of 2.52 is above the 20-day moving average (MA) of 2.50, above the 50-day MA of 2.51, and above the 200-day MA of 2.10, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 56.19 is Neutral, neither overbought nor oversold. The STOCH value of 37.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AMPX.
Amprius Technologies Inc Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $1.15B | ― | -26.38% | ― | 21.69% | -28.26% | |
64 Neutral | $4.39B | 11.81 | 5.17% | 249.38% | 3.98% | -12.17% | |
52 Neutral | $240.35M | ― | -20.64% | ― | 3.22% | -33.20% | |
49 Neutral | $303.78M | ― | -68.88% | ― | 209.20% | 4.24% | |
45 Neutral | $1.41B | ― | 125.43% | ― | 37.60% | -161.38% | |
39 Underperform | $21.91M | ― | -172.05% | ― | -58.05% | -6.90% | |
26 Underperform | $36.55M | ― | -860.70% | ― | ― | -12310.81% |
* Industrials Sector Average
Performance Comparison
AMPX
Amprius Technologies Inc
2.71
1.26
86.90%
MVST
Microvast Holdings
3.98
3.63
1037.14%
EOSE
Eos Energy Enterprises
6.38
5.67
798.59%
GWH
ESS Tech
1.81
-9.60
-84.14%
SDST
Stardust Power
0.61
-10.70
-94.61%
SLDP
Solid Power
1.51
-0.27
-15.17%
Amprius Technologies Inc Earnings Call Summary
Earnings Call Date:May 08, 2025
(Q1-2025)
| % Change Since: 1.20%|
Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment Neutral
Amprius Technologies experienced strong revenue growth and customer acquisition, driven by significant technological advancements and international expansion. Despite these achievements, the company faced challenges with negative gross margins, a continued net loss, and halted expansion plans for the Colorado facility.Q1-2025 Updates
Positive Updates
Record Revenue Growth
Amprius Technologies generated revenue of $11.3 million in Q1, a 6% increase from Q4 of last year and up 383% from the same period last year. This strong growth was primarily driven by a greater than 600% increase in Cycle shipments.
Significant New Customer Acquisition
Amprius Technologies shipped to 102 customers in Q1, with 46 new to the platform, indicating strong market adoption and customer diversification.
Technological Advancements
Introduction of new cell chemistries, including a 370 watt-hour per kilogram high power pouch cell and a 6,300 milliamp-hour cylindrical cell. The new high energy and high power cell set a performance record with a 370 watt-hour per kilogram energy density and a 15C charge rate.
International Revenue Expansion
83% of Q1 revenue came from outside the United States, up from 65% in the prior year period, showing global expansion.
New Leadership
Tom Steading joined as President, bringing over 35 years of leadership experience in energy and manufacturing businesses.
Negative Updates
Negative Gross Margin
The gross margin was negative 21% for the quarter, indicating ongoing financial challenges despite revenue growth.
Net Loss
GAAP net loss for the first quarter was $9.4 million or negative $0.08 per share, which, although an improvement from Q4, still reflects financial challenges.
Limited Progress on Colorado Facility
No plans to move forward with the Colorado facility, as designs are complete but construction is on hold due to market dynamics and funding considerations.
Employee Reduction
The number of full-time employees decreased to 95 from 99 at the end of the fourth quarter, indicating possible operational or financial efficiency measures.
Company Guidance
During the Amprius Technologies First Quarter 2025 Earnings Call, CEO Dr. Kang Sun and CFO Sandra Wallach provided extensive guidance on the company's financial and operational performance. Amprius reported a significant revenue increase of $11.3 million, marking a 6% sequential growth and a 383% year-over-year increase, with 83% of revenue generated from international markets. The company shipped to 102 customers, 46 of which were new, and added $34.5 million in new customer purchase orders to the backlog. Despite a negative gross margin of 21%, the company ended the quarter with $48.4 million in net cash and no debt. Key performance metrics for their silicon anode batteries include energy densities of up to 450 watt-hours per kilogram and 1,150 watt-hours per liter, with fast charge capabilities and wide operating temperature ranges. Amprius is poised for continued growth with new product introductions and a focus on expanding its manufacturing capabilities globally.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.