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Amprius Technologies Inc (AMPX)
NYSE:AMPX
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Amprius Technologies Inc
(NYSE:AMPX)
Rating:64Neutral
Price Target:
$7.50
▲(5.78% Upside)
Positive Factors
Customer Growth
The company shipped batteries to 102 customers in the quarter, including 46 new customers, indicating a broadening customer base.
Financial Performance
The company reported 350% year-over-year revenue growth in the second quarter, surpassing expectations.
Market Expansion
Amprius is expanding its production capabilities in South Korea to mitigate risks associated with China and meet customer needs.
Negative Factors
Financial Risks
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. SPDR S&P 500 ETF (SPY)
Market Cap
$915.56M
Dividend YieldN/A
Average Volume (3M)7.51M
Price to Earnings (P/E)―
Beta (1Y)2.15
Revenue Growth209.20%
EPS Growth4.24%
CountryUS
Employees99
SectorIndustrials
Sector Strength73
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.05
Shares Outstanding125,075,836
10 Day Avg. Volume5,101,136
30 Day Avg. Volume7,506,610
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap0.33
Enterprise Value/Revenue6.81
Enterprise Value/Gross Profit-36.45
Enterprise Value/Ebitda-8.83
Forecast
1Y Price Target
$13.20Price Target Upside86.18% 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 batteries. The company operates in the energy storage sector, focusing on providing high-energy and high-power battery solutions for a variety of applications, including electric vehicles, consumer electronics, and aerospace. Amprius Technologies is known for its innovative approach to battery technology, particularly its use of silicon nanowire anodes, which significantly enhance battery performance.
How the Company Makes MoneyAmprius Technologies Inc generates revenue primarily through the sale of its advanced lithium-ion batteries. The company's key revenue streams include direct sales to manufacturers in the electric vehicle, consumer electronics, and aerospace industries, which utilize these batteries to enhance the performance and efficiency of their products. Additionally, Amprius may engage in strategic partnerships and collaborations with other technology firms and manufacturers to integrate its battery technology into new applications, further expanding its market reach and revenue potential. The company's innovative silicon nanowire anode technology gives it a competitive edge in the battery market, potentially contributing to increased demand and sales.
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's high operational costs and negative margins pose risks, while balance sheet metrics indicate a moderate level of stability. Continued reliance on external financing could impact future financial flexibility.Income Statement
Amprius Technologies Inc. shows significant revenue growth from $4.4 million in 2022 to $32.5 million in TTM (Trailing-Twelve-Months), indicating a strong upward trajectory. However, the company struggles with profitability as evidenced by negative gross and net profit margins. The gross profit margin and net profit margin remain negative, highlighting ongoing operational inefficiencies and high cost structures relative to revenue.40
Negative
Balance Sheet
The company demonstrates a reasonable equity position with an equity ratio of approximately 59.4% for TTM (Trailing-Twelve-Months), suggesting moderate financial stability. The debt-to-equity ratio is 0.54, indicating manageable leverage levels. However, the negative return on equity (ROE) due to persistent net losses reflects challenges in generating returns for shareholders.45
Neutral
Cash Flow
Amprius Technologies Inc. has a negative free cash flow of -$37.9 million in TTM, with an operating cash flow to net income ratio of 0.85, indicating operational cash flow is insufficient to cover net losses. Free cash flow growth is negative, signaling potential liquidity issues. The company relies heavily on financing activities for liquidity, as seen by substantial financing inflows.35
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 | -34.70M | -36.56M | -43.10M | -15.36M | -8.63M | -5.57M |
| Operating Cash Flow | -38.35M | -33.35M | -25.55M | -13.88M | -8.02M | -5.04M |
| Investing Cash Flow | 3.65M | -3.21M | -17.55M | -1.48M | -609.00K | -527.00K |
| Financing Cash Flow | 41.63M | 47.15M | 19.17M | 73.63M | 20.11M | 5.57M |
Amprius Technologies Inc Technical Analysis
Neutral
7.09
Price Trends
6.89
Positive
4.83
Positive
3.73
Positive
Market Momentum
0.05
Positive
46.79
Neutral
42.56
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 7.09 is below the 20-day moving average (MA) of 7.33, above the 50-day MA of 6.89, and above the 200-day MA of 3.73, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 46.79 is Neutral, neither overbought nor oversold. The STOCH value of 42.56 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 | $915.56M | ― | -68.88% | ― | 209.20% | 4.24% | |
64 Neutral | $10.73B | 15.65 | 7.58% | 2.01% | 2.80% | -14.92% | |
58 Neutral | $737.83M | ― | -22.60% | ― | 14.82% | -19.27% | |
56 Neutral | $1.95B | ― | 125.43% | ― | 128.49% | -697.81% | |
51 Neutral | $858.93M | ― | -33.65% | ― | 20.84% | 24.84% | |
43 Neutral | $20.09M | ― | -207.48% | ― | -16.98% | 2.43% | |
26 Underperform | $32.86M | ― | -860.70% | ― | ― | 25.87% |
* Industrials Sector Average
Performance Comparison
AMPX
Amprius Technologies Inc
6.93
6.11
745.12%
MVST
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2.53
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EOSE
Eos Energy Enterprises
7.34
5.01
215.02%
GWH
ESS Tech
1.28
-4.52
-77.93%
SDST
Stardust Power
0.31
-7.78
-96.17%
SLDP
Solid Power
3.93
2.67
211.90%
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.