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Amprius Technologies Inc (AMPX)
:AMPX
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Amprius Technologies Inc
(NYSE:AMPX)
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Rating:64Neutral
Price Target:
$7.50
▼(-48.67% Downside)
Amprius Technologies Inc's strong revenue growth and positive earnings call sentiment are major strengths, contributing to a favorable outlook. However, significant profitability challenges and a negative P/E ratio weigh on the overall score. Technical indicators show bullish momentum, supporting a positive near-term outlook.
Positive Factors
Revenue Growth
The significant revenue growth indicates strong market demand and successful product adoption, suggesting a robust business model and potential for continued expansion.
Technological Innovation
The breakthrough in energy density enhances Amprius' competitive advantage, offering superior performance that can drive demand across various applications, supporting long-term growth.
Strategic Partnerships
Strategic partnerships expand production capabilities and market reach, positioning Amprius to better meet global demand and leverage economies of scale for sustained growth.
Negative Factors
Profitability Challenges
Persistent negative margins highlight operational inefficiencies and cost challenges, which could hinder profitability and require strategic adjustments to achieve financial stability.
Cash Flow Challenges
Negative cash flow indicates potential liquidity issues, limiting the company's ability to invest in growth opportunities and manage financial obligations effectively.
Rising Operating Expenses
Increasing operating expenses can erode profitability and strain resources, necessitating improved cost management to maintain financial health and competitive positioning.
Amprius Technologies Inc (AMPX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.83B
Dividend YieldN/A
Average Volume (3M)9.53M
Price to Earnings (P/E)―
Beta (1Y)2.38
Revenue Growth209.20%
EPS Growth4.24%
CountryUS
Employees99
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.05
Shares Outstanding125,075,836
10 Day Avg. Volume10,093,290
30 Day Avg. Volume9,533,688
Financial Highlights & Ratios
PEG Ratio-1.37
Price to Book (P/B)4.11
Price to Sales (P/S)11.80
P/FCF Ratio-7.80
Enterprise Value/Market Cap0.17
Enterprise Value/Revenue6.81
Enterprise Value/Gross Profit-36.45
Enterprise Value/Ebitda-8.83
Forecast
1Y Price Target
$15.20Price Target Upside4.04% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Amprius Technologies Inc Business Overview & Revenue Model
Company DescriptionAmprius Technologies Inc (AMPX) is a leading provider of high-energy density lithium-ion battery solutions, primarily aimed at the electric vehicle (EV), aerospace, and other advanced mobility sectors. The company specializes in the development and manufacturing of silicon anode-based batteries, which offer significantly higher energy density and longer cycle life compared to traditional graphite-based batteries. Amprius focuses on delivering innovative battery solutions that enhance performance and efficiency, contributing to the broader transition to sustainable energy and advanced transportation technologies.
How the Company Makes MoneyAmprius Technologies generates revenue through the sale of its high-performance battery products to various industries, including electric vehicles and aerospace. The company's revenue model is primarily based on direct sales of its battery cells and systems, which are sold to manufacturers and integrators in these sectors. Additionally, Amprius may engage in strategic partnerships and collaborations with key players in the EV and aerospace markets to co-develop customized battery solutions, thereby creating further revenue opportunities. The company's emphasis on innovation and superior technology positions it favorably to capitalize on the growing demand for energy-dense battery solutions, driving its earnings potential.
Amprius Technologies Inc Earnings Call Summary
Earnings Call Date:Aug 07, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 06, 2025
Earnings Call Sentiment Positive
Amprius Technologies had a strong Q2 2025, demonstrating significant revenue growth, achieving positive gross margins, and expanding its customer base and strategic partnerships. However, challenges remain with increasing operating expenses and uncertainty surrounding future manufacturing expansion plans.Q2-2025 Updates
Positive Updates
Record Revenue Growth
Amprius Technologies reported Q2 2025 revenue of $15.1 million, a 34% increase from Q1 and a 350% increase from Q2 2024, driven by a greater than 450% increase in SiCore shipments over Q2 2024.
Positive Gross Margin Achieved
For the first time, Amprius reported a positive gross margin of 9% for Q2 2025, compared to negative 21% in Q1 2025 and negative 195% in Q2 2024.
Expansion of Customer Base
In Q2 2025, Amprius shipped batteries to 93 customers, with 43 being new. The company also increased its revenue from outside the United States to 86%.
New Product Launch and Technological Innovation
Amprius introduced the SA102 cell which achieved a record-setting energy density of 450 watt hours per kilogram, 73% higher than conventional batteries.
Strategic Partnerships and Contracts
Amprius entered a contract manufacturing agreement with a leading battery manufacturer in South Korea and was selected by Amazon for the Amazon Devices Climate Tech Accelerator.
Negative Updates
Operating Expenses Increase
Operating expenses for Q2 2025 were $8.2 million, a 12% increase from Q1 2025 and a 27% increase from Q2 2024.
Uncertain Future for Colorado Facility
Amprius is still assessing the timing and availability of funding and other factors before moving forward with the Colorado facility project.
Company Guidance
During the Amprius Technologies Second Quarter 2025 Earnings Conference Call, the company provided detailed guidance on its financial performance and strategic initiatives. The company reported a significant increase in revenue, totaling $15.1 million for the quarter, marking a 34% sequential increase and a 350% year-over-year growth. Amprius achieved a positive gross margin of 9%, a noteworthy improvement from negative margins in previous periods. The company shipped products to 93 customers, with 43 being new clients, and highlighted a strategic contract manufacturing agreement in South Korea to expand production capabilities. The call emphasized Amprius' strong market position in the drone sector and the ongoing qualification of its SiCore product, which reached a record-setting energy density of 450 watt hours per kilogram. Additionally, the company secured a $10.5 million contract with the U.S. Government Defense Innovation Unit to enhance manufacturing capabilities at its Fremont facility. With $54.2 million in cash, no debt, and access to 1.8 gigawatt hours of manufacturing capacity, Amprius remains financially robust and well-positioned for future growth.Amprius Technologies Inc Financial Statement Overview
Summary
Amprius Technologies Inc shows strong revenue growth but faces significant profitability and cash flow challenges. The company has a moderate leverage position, but persistent losses and negative cash flows indicate financial instability. Improvement in operational efficiency and cost management is crucial.Income Statement
Amprius Technologies Inc has shown significant revenue growth, with a 35.4% increase in the TTM period. However, the company is struggling with negative margins across the board, including a gross profit margin of -20.0% and a net profit margin of -84.8%. The EBIT and EBITDA margins are also deeply negative, indicating operational challenges and high costs relative to revenue.25
Negative
Balance Sheet
The company's debt-to-equity ratio is relatively moderate at 0.49, suggesting manageable leverage. However, the return on equity is negative at -55.8%, reflecting ongoing losses. The equity ratio stands at 62.3%, indicating a solid equity base relative to total assets, which provides some financial stability.40
Negative
Cash Flow
Amprius Technologies Inc is facing negative free cash flow growth and a negative operating cash flow to net income ratio, highlighting cash flow challenges. The free cash flow to net income ratio is close to 1, suggesting that cash flow is closely aligned with net income, albeit both are negative.30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.84M | 24.17M | 9.05M | 4.41M | 2.77M | 4.68M |
| Gross Profit | -8.38M | -18.33M | -14.68M | -5.44M | -4.33M | -2.02M |
| EBITDA | -34.57M | -39.62M | -31.91M | -15.24M | -8.46M | -6.18M |
| Net Income | -38.01M | -44.67M | -36.78M | -17.33M | -9.90M | -7.42M |
Balance Sheet | ||||||
| Total Assets | 123.04M | 121.13M | 107.74M | 83.17M | 18.53M | 6.66M |
| Cash, Cash Equivalents and Short-Term Investments | 54.19M | 55.16M | 45.76M | 69.70M | 11.49M | 2.00K |
| Total Debt | 37.73M | 37.76M | 35.57M | 3.02M | 0.00 | 743.00K |
| Total Liabilities | 46.39M | 51.65M | 47.94M | 10.14M | 4.67M | 5.49M |
| Stockholders Equity | 76.65M | 69.47M | 59.80M | 73.03M | 13.86M | 1.17M |
Cash Flow | ||||||
| Free Cash Flow | -33.34M | -36.56M | -43.10M | -15.36M | -8.63M | -5.57M |
| Operating Cash Flow | -34.01M | -33.35M | -25.55M | -13.88M | -8.02M | -5.04M |
| Investing Cash Flow | 665.00K | -3.21M | -17.55M | -1.48M | -609.00K | -527.00K |
| Financing Cash Flow | 41.29M | 47.15M | 19.17M | 73.63M | 20.11M | 5.57M |
Amprius Technologies Inc Technical Analysis
Positive
14.61
Price Trends
9.52
Positive
7.39
Positive
5.07
Positive
Market Momentum
1.12
Positive
57.59
Neutral
51.58
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 14.61 is above the 20-day moving average (MA) of 12.19, above the 50-day MA of 9.52, and above the 200-day MA of 5.07, indicating a bullish trend. The MACD of 1.12 indicates Positive momentum. The RSI at 57.59 is Neutral, neither overbought nor oversold. The STOCH value of 51.58 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $4.55B | 13.86 | 19.13% | 0.79% | 3.73% | 32.29% | |
64 Neutral | $1.83B | ― | -68.88% | ― | 209.20% | 4.24% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | $5.10B | ― | 125.43% | ― | 128.49% | -697.81% | |
56 Neutral | $2.59B | ― | -68.46% | ― | 60.04% | 52.49% | |
54 Neutral | $2.08B | ― | -33.65% | ― | 20.84% | 24.84% | |
50 Neutral | $4.56B | ― | -84.40% | ― | -1.70% | 9.93% |
* Industrials Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.