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Amprius Technologies Inc (AMPX)
NYSE:AMPX
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Amprius Technologies Inc
(NYSE:AMPX)
43Neutral
Positive Factors
Customer Expansion
Amprius is demonstrating rapid sales acceleration supported by new customer additions and growing sales to existing customers.
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.
Revenue Growth
Revenues of $7.9M represented 182% year-over-year growth, significantly beating expectations.
Negative Factors
Customer Cautiousness
Management indicated that results could be sequentially lower due to some level of customer cautiousness around trade and tariff related headlines.
Equity Dilution
The $66 million remaining at-the-money equity facility presents a substantial amount of dilution if exercised at the current valuation.
Market Volatility
The low float makes it volatile and difficult for large investors to get involved meaningfully.
Amprius Technologies Inc (AMPX) vs. S&P 500 (SPY)
Market Cap
$264.00M
Dividend YieldN/A
Average Volume (3M)3.61M
Price to Earnings (P/E)―
Beta (1Y)2.09
Revenue Growth166.95%
EPS Growth-3.40%
CountryUS
Employees99
SectorIndustrials
Sector Strength78
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.44
Shares Outstanding120,546,074
10 Day Avg. Volume2,710,866
30 Day Avg. Volume3,611,475
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.17
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-16.91
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$10.00Price Target Upside356.62% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Amprius Technologies Inc Business Overview & Revenue Model
Company DescriptionAmprius Technologies Inc (AMPX) is a company specializing in the development and manufacturing of advanced lithium-ion battery technology. It operates within the energy storage sector, primarily focusing on producing high-energy and high-power lithium-ion batteries for electric vehicles, drones, and other consumer electronics. Amprius Technologies is known for its innovative approach, leveraging silicon nanowire anode technology to enhance battery performance.
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
Neutral
2.19
Price Trends
2.41
Negative
2.66
Negative
2.00
Positive
Market Momentum
-0.07
Negative
48.72
Neutral
43.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMPX, the sentiment is Neutral. The current price of 2.19 is below the 20-day moving average (MA) of 2.33, below the 50-day MA of 2.41, and above the 200-day MA of 2.00, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 48.72 is Neutral, neither overbought nor oversold. The STOCH value of 43.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | $4.28B | 11.80 | 5.30% | 250.74% | 4.12% | -9.02% | |
54 Neutral | $200.48M | ― | -21.13% | ― | 15.67% | -45.59% | |
52 Neutral | $611.39M | ― | -45.91% | ― | 23.87% | -100.53% | |
43 Neutral | $264.00M | ― | -70.24% | ― | 166.95% | -3.40% | |
36 Underperform | $28.56M | ― | -130.40% | ― | -16.51% | 0.19% | |
33 Underperform | $1.21B | ― | 125.43% | ― | -4.71% | -117.58% | |
26 Underperform | $28.77M | ― | -860.70% | ― | ― | -12310.81% |
* Industrials Sector Average
Performance Comparison
AMPX
Amprius Technologies Inc
2.35
0.16
7.31%
MVST
Microvast Holdings
2.05
1.67
439.47%
EOSE
Eos Energy Enterprises
5.33
4.59
620.27%
GWH
ESS Tech
2.18
-10.26
-82.48%
SDST
Stardust Power
0.50
-10.73
-95.55%
SLDP
Solid Power
1.11
-0.71
-39.01%
Amprius Technologies Inc Earnings Call Summary
Earnings Call Date:Mar 20, 2025
(Q4-2024)
| % Change Since: -5.19%|
Next Earnings Date:May 08, 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.Q4-2024 Updates
Positive Updates
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.
Negative Updates
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.