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SES AI Corporation Class A (SES)
NYSE:SES
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.03Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 09, 2022
|% Change Since: 97.87%
|Next Earnings Date:May 12, 2022
Earnings Call Sentiment|Positive
The earnings call highlights SES's significant progress in lithium metal cell safety certification and AI-driven battery material discovery, alongside a strong financial position, indicating positive growth prospects. However, uncertainties in revenue projections and ongoing challenges in cycle life improvements present areas of concern.Company Guidance
During the SES AI Q3 2024 earnings call, the company provided guidance and discussed several key metrics. The executives highlighted early commercial revenue in urban air mobility (UAM) and drones, where their UAM lines completed site acceptance tests and signed cell supply agreements with customers, including SoftBank. They reported that their 100 mPOWER lithium metal B-sample cells passed the GB38031 2020 EV safety tests, marking a significant milestone. SES AI anticipates revenue from AI-accelerated battery material discovery projects, including five projects from two companies. Financially, the company ended the third quarter with $274 million in liquidity and revised its full-year 2024 cash usage guidance to $80 million to $95 million, down from the previous $100 million to $120 million. The company also expects its AI strategy to generate revenue soon, contributing to a strong balance sheet that should provide liquidity well into 2028.Successful Safety Test for Lithium Metal Cells
SES's 100 mPOWER lithium metal B-sample cells passed the GB38031-2020 safety tests, a first in the industry for large capacity lithium metal cells, marking a significant milestone towards commercialization.
AI Accelerated Battery Material Discovery
SES established an electrolyte foundry and partnered with NVIDIA to create the largest molecular property database in the world, accelerating battery material discovery with AI.
Strong Financial Position
SES ended the third quarter with $274 million in liquidity and reduced its full-year cash usage guidance, ensuring financial stability until well into 2028.
Revenue Generation from AI Solutions
SES expects to enter revenue contracts for AI solutions in the fourth quarter of 2024, including projects with an electrolyte manufacturer and an automaker.
Commercial Agreements in Urban Air Mobility
SES signed several commercial agreements to supply lithium metal cells for urban air mobility and drones, including a notable agreement with SoftBank.
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SES Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SES Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $0.47 | $0.45 | -4.26% |
| Jul 29, 2024 | $1.30 | $1.18 | -9.23% |
| May 02, 2024 | $1.48 | $1.40 | -5.41% |
| Feb 26, 2024 | $1.49 | $1.70 | +14.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SES AI Corporation Class A (SES) report earnings?
SES AI Corporation Class A (SES) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is SES AI Corporation Class A (SES) earnings time?
SES AI Corporation Class A (SES) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SES EPS forecast?
SES EPS forecast for the fiscal quarter 2024 (Q4) is -0.09.
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