I was and still am bullish on Amprius Technologies (NYSE: AMPX ) driven by the silicon battery market, which Amprius leads in advanced silicon nanowire anode technology. In my previous article dated Jul. 31, 2024, since which the share price has more thanFirst Principles Partners is an equity research analyst specializing in technology, innovation, and sustainability investment. My unique approach, "First Principles," involves breaking down complex problems to their most basic elements in terms of financial ...

Amprius Technologies TodayAMPXAmprius Technologies$3.56 -0.28 (-7.29%) 52-Week Range$0.61▼$5.26Price Target$8.17Add to WatchlistNumerous indications, including Amprius Technologies’ NYSE: AMPX results, ramping capacity, growing pipeline, analysts' sentiment, and price action, suggest this stock could rise by triple digits in 2025. Amprius Technologies is a next-gen lithium-ion battery manufacturer with an industry-leading silicon-anode architecture that is gaining traction. Traction is seen in the growing ...

Financial Data and Key Metrics - The company reported $7.9 million in total revenue for Q3 2024, more than doubling the revenue from Q2 2024 and nearly tripling the revenue from Q3 2023 [16] - Product revenue accounted for $6.1 million, an 81% sequential increase and a 176% year-over-year increase [26] - Development services and grant revenue totaled $1.8 million, up from none in Q2 and $1.2 million year-over-year [27] - Gross margin improved to negative 65% in Q3 2024, compared to negative 195% in Q2 2024 and negative 152% in Q3 2023 [28] - GAAP net loss for Q3 2024 was $10.9 million, or $0.10 per share, compared to a net loss of $0.13 per share in Q2 2024 and $0.10 per share in Q3 2023 [29] Business Line Data and Key Metrics - The company shipped to 94 customers in Q3 2024, including 53 new customers, bringing the year-to-date customer count to over 175 [16] - The SiCore product line was a primary driver of growth, with $20 million in contracts signed for light electric vehicle applications [17][18] - The company delivered high-energy density 360 Wh/kg EV battery cells to the USABC, achieving 1,200 Wh/kg power density and a 15-minute charge to 90% capacity [14] - The company now offers 14 different SKUs, with energy densities ranging from 350 Wh/kg to 450 Wh/kg, covering a significant portion of customer applications [12] Market Data and Key Metrics - The global drone market is projected to grow from $18 billion in 2023 to $213 billion by 2032, while the electric aircraft and eVTOL battery market could reach $50 billion by 2030 [9][10] - The light electric vehicle market is expected to grow at a CAGR of 9.74% from 2023 to reach $206 billion by 2032 [10] - The company has expanded its market participation in the light electric vehicle segment, signing $20 million in customer contracts and two LOIs with Fortune 500 industrial leaders [11] Company Strategy and Industry Competition - The company's strategy focuses on innovating next-generation batteries, growing the customer base, and scaling manufacturing capabilities [36] - Amprius has secured over 500 MWh of additional manufacturing capacity and launched two dedicated production lines for its batteries, with a total capacity of 800 MWh for pouch cells and over 1 GWh for cylindrical cells annually [21][22] - The company is exploring additional manufacturing partners in Asia and Europe and has finalized the design for its Colorado facility [37] - Amprius' batteries are recognized as best-in-class for energy, power, cycle life, charging time, temperature performance, and safety, validated by increased customer purchasing volume [12][15] Management Commentary on Operating Environment and Future Outlook - Management is optimistic about the road ahead, citing technical leadership, strong battery performance, a growing customer base, and the capacity to support large volume orders [23] - The company expects to recognize $20 million in revenue from light electric vehicle contracts by mid-2025 [18][45] - Management believes the company is set up for sustainable growth, with a clear path to operational cash flow breakeven driven by the SiCore product line [42] Other Important Information - The company completed production line specifications and construction design drawings for its Colorado facility and remains on track from a regulatory standpoint [22] - Amprius exited Q3 2024 with $35 million in net cash and no debt, using $11.4 million in cash during the quarter, primarily for operating cash flow and facility build-out [31] - The company expects to spend an additional $1 million in Q4 2024 to complete the 2-megawatt production line in Fremont [32] Q&A Session Summary Question: Customer List and Potential for Large Orders - The company has concluded two significant customer contracts totaling $20 million and is in discussions with three other high-volume potential customers [40] Question: Path to Operational Cash Flow Breakeven - The SiCore product line is profitable from day one, and the company expects near-term revenue growth to come from SiCore, driving operational profitability [42] Question: Organizational Capacity and OpEx Investments - The company has made key hires in sales, business development, and R&D to support growth and drive faster cycles of learning [43] Question: Revenue Recognition Timeline for $20 Million Contracts - The company plans to recognize the $20 million in revenue by May 2025, with shipments already underway [45] Question: Customer Strategy and Gross Margin Targets - The company aims to focus on large customers with substantial volume orders, though no specific gross margin targets have been provided [46][47] Question: Potential Growth for $20 Million Contracts - The $20 million contracts are expected to satisfy customer needs until mid-2025, with potential for additional orders as demand grows [49] Question: Milestones for LOI in Electric Vehicle Space - The company is working on perfecting cell design and plans to deliver the first batch of samples to the customer, with factory inspections delayed to early 2025 [50][51] Question: Drivers of Increased Customer Receptivity - The primary drivers are the company's battery performance and the availability of manufacturing capacity and capability [54][55] Question: Customer Qualification Timelines - Qualification timelines vary by application, with the $20 million contract benefiting from a shorter certification process [58] Question: Impact of Colorado Facility Spending on Gross Margin - The $2.4 million spent on the Colorado facility in Q3 2024 is expected to ramp down, with minimal impact on Q4 gross margin [61][62] Question: Fremont Facility Capacity and CapEx - The company expects to enter 2025 with up to 2 megawatts of capacity at its Fremont facility, with an additional $1 million in CapEx planned for Q4 2024 [66][67]

Amprius Technologies (AMPX) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this battery maker would post a loss of $0.11 per share when it actually produced a loss of $0.13, delivering a surprise of -18.18%.Over the last four quarters, the company h ...

Table of Contents _______________________ _______________________ _______________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-04321 AMPRIUS TECHNOLOGIES, INC. ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________ FORM 8-K _________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 29, 2024 _________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.0001 per share AMPX The New York ...

Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...

Micro-cap stocks can come in many shapes and sizes. Some might be once successful firms that lost their way and are looking to recover their prior glory. Others are companies that may have yet to generate any substantial revenues but could growth strongly if their offerings start to catch on.Investing successfully in micro-cap stocks is difficult. Selecting the wrong company can lead to a loss of all or a substantial part of an investment. However, picking the right one could result in a big payday. The iSh ...

FREMONT, Calif., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Amprius Technologies, Inc. ("Amprius")(NYSE: AMPX), a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, is confirmed to present at the 2024 Annual Gateway Conference, which is being held September 4-5, at the Four Seasons Hotel in San Francisco, CA. The Amprius management team is scheduled to present on Wednesday, September 4th at 1:00 p.m. Pacific time (PT). The presentation will be webcast live and available for replay here. ...

Battery Production and Capacity - Company has shipped over 150,000 batteries enabling mission-critical applications, validated by over 100 customers including AALTO Airbus and BAE Systems[91] - SiMaxx battery production capacity expected to reach 2 MWh by end of 2024, a 10x increase from 2023 levels[92] - SiCore battery production capacity exceeds 500 MWh through toll manufacturing partnerships, with plans for a GWh-scale facility in Brighton, Colorado[93] - Expansion plans include scaling manufacturing capacity in Fremont, California, and building a GWh-scale facility in Brighton, Colorado[97] - The company is expanding its manufacturing capacity from kWh-scale to MWh-scale in Fremont, California, while designing a new GWh-scale facility in Brighton, Colorado[131] Financial Performance and Capital Expenditures - Company raised $11.2 million in net proceeds from stock sales under the At Market Issuance Sales Agreement as of June 30, 2024[95] - Capital equipment expenditures estimated at $75-100 million to achieve 500 MWh/year capacity in Brighton, Colorado facility[99] - Revenue increased by $1.7 million (105%) to $3.3 million in Q2 2024, driven by a $2.0 million increase in battery sales, including $1.8 million from SiCore batteries[120] - Cost of revenue increased by $5.2 million (112%) to $9.9 million in Q2 2024, primarily due to nonrecurring fees for the GWh manufacturing facility and higher material and personnel costs[121] - Research and development expenses increased by $0.9 million (115%) to $1.7 million in Q2 2024, driven by higher personnel-related costs and stock-based compensation[122] - Selling, general, and administrative expenses decreased by $1.5 million (25%) to $4.7 million in Q2 2024, due to a $2.5 million reduction in non-recurring professional fees and insurance costs[123] - Net loss increased by $3.1 million (32%) to $12.5 million in Q2 2024, compared to the same period last year[116] - The company expects capital expenditures of $75.0 million to $100.0 million to achieve up to 500 MWh/year manufacturing capacity, excluding costs for the new GWh-scale facility in Brighton, Colorado[131] - Net loss of $12.5 million for the three months ended June 30, 2024, and $22.4 million for the six months ended June 30, 2024[132] - Net cash used in operating activities increased to $17.7 million for the six months ended June 30, 2024, up from $12.1 million in the same period last year[135] - Net cash used in investing activities increased to $5.5 million for the six months ended June 30, 2024, compared to $2.9 million in the same period last year[136] - Net cash provided by financing activities increased to $25.1 million for the six months ended June 30, 2024, up from $10.3 million in the same period last year[137] - Total cash flow changes: operating activities increased by $5.663 million, investing activities increased by $2.633 million, and financing activities increased by $14.868 million[138] - Company may seek additional equity or debt financing if current resources are insufficient to meet cash requirements[134] - Expansion plans may be reduced or delayed if financing is unavailable, potentially impacting production capacity and business operations[134] Research and Development - Research and development focuses on improving battery life, energy density, and larger cell form factors for broader electrified transportation applications[104][105] - Company faces challenges in reducing manufacturing costs due to higher capital equipment costs for silicon anode production compared to graphite anodes[102] Market and Competitive Landscape - Company is the only known manufacturer using a 100% silicon anode without inactive additives, targeting aviation applications[103] - Company operates in a highly competitive market with established manufacturers and new entrants developing alternative battery technologies[103] Liquidity and Financing - Cash and cash equivalents stood at $46.4 million as of June 30, 2024, with liquidity expected to cover working capital and capital expenditure needs for at least twelve months[127] - The company raised $10.9 million in net proceeds from the At Market Financing program during the first six months of 2024[128] - A total of 12.6 million public warrants and 500,000 private warrants were exercised for cash, generating $13.6 million in net proceeds[129] Leases and Future Commitments - Future minimum lease payable of $70.7 million over a weighted-average lease term of 13.9 years, with $2.5 million payable in the next twelve months[133] Related Party Transactions - Company continues to purchase raw materials and development materials from previous related parties, including finished batteries for the SiCore product platform[141] Regulatory Status - Company qualifies as an emerging growth company and smaller reporting company, allowing for reduced reporting requirements and extended transition periods for new accounting standards[142][143]