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How Amprius Technologies (AMPX) Stock Stands Out in a Strong Industry
ZACKS· 2025-04-10 13:45
One stock that might be an intriguing choice for investors right now is Amprius Technologies, Inc. (AMPX) . This is because this security in the Technology Services space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in ...
Amprius Market Gets Amped Up on Growth Outlook
MarketBeat· 2025-04-01 12:15
Amprius Technologies Stock Forecast Today 12-Month Stock Price Forecast: $9.43 251.16% Upside Buy Based on 8 Analyst Ratings Current Price $2.69 High Forecast $15.00 Average Forecast $9.43 Low Forecast $6.00 Amprius Technologies Stock Forecast Details Amprius Technologies' NYSE: AMPX stock price is not immune to the volatility plaguing the broader market. However, the trend in price action reveals a market that is getting amped up on an increasingly positive news cycle and is ready to shoot higher. Critical ...
5 Hot Stock Buys for Investors in April
MarketBeat· 2025-04-01 11:00
Five of the hottest stock buys for April have what it takes for their stock prices to move higher: solid results, favorable outlook, profits, and the support of analysts and institutions. Analysts and institutional support are critical because they account for the bulk of market activity and provide a powerful tailwind for stock price action. Get Okta alerts: Cybersecurity Firm Okta Is the Most Upgraded Stock for March Okta Stock Forecast Today 12-Month Stock Price Forecast: $115.75 10.01% Upside Moderate B ...
Amprius Technologies(AMPX) - 2024 Q4 - Earnings Call Transcript
2025-03-21 02:53
Financial Data and Key Metrics Changes - The company reported total revenue of $10.6 million for Q4 2024, a 35% increase from Q3 2024 and a 170% increase from Q4 2023 [18][20] - Full-year revenue for 2024 reached $24.2 million, representing a 167% increase from $9.1 million in 2023 [20][36] - Product revenue in Q4 2024 was $10.3 million, a 71% sequential increase and nearly 1,000% increase year-over-year from $0.9 million in Q4 2023 [33][34] - Gross margin improved to negative 21% in Q4 2024 from negative 65% in Q3 2024 and negative 98% in Q4 2023 [38] - Operating expenses for Q4 2024 were $9.5 million, a 55% increase from Q3 2024 and a 62% increase year-over-year [40] Business Line Data and Key Metrics Changes - The company shipped to 98 customers in Q4 2024, with 53 being new to the Amprius platform [17] - The light electrical vehicle market contributed about 25% of Q4 revenue, with expectations for significant growth in this segment [22][116] - The company has a high-performance commercial battery portfolio with 14 different SKUs available [16][19] Market Data and Key Metrics Changes - 77% of Q4 revenue came from outside the United States, compared to 22% in the same period last year [18] - The light electrical vehicle market is projected to reach approximately $136 billion by 2029 [22] - The global drone market is expected to surge from $18 billion in 2023 to $213 billion by 2032 [28] Company Strategy and Development Direction - The company aims to lead in technology innovation and product performance while ensuring world-class manufacturing capability and sufficient production capacity [52] - Amprius plans to expand its customer pipeline and drive revenue growth through additional manufacturing partnerships [54] - The company is actively working on developing a global contract manufacturing network to mitigate geopolitical risks [30][64] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2025, expecting to deliver new high-performance batteries and engage with more customers [54] - The company is monitoring policy challenges and potential industry headwinds due to changes in federal administration [30] - Management highlighted the importance of customer qualification processes and the potential for significant revenue growth from existing customers [124][126] Other Important Information - The company ended 2024 with $55.2 million in net cash and no debt [46] - A total of $16 million in new customer purchase orders was added to the backlog in Q4 2024, providing visibility into growth for 2025 [25][88] Q&A Session Summary Question: Can you talk about the diversity of applications and customization required for customers? - Management noted three types of customers: those replacing existing batteries, those needing qualification, and those requiring certification, with confidence in converting many to purchase orders in 2025 [58][60] Question: Can you discuss your strategy for incremental contract manufacturing? - The company has successfully utilized contract manufacturing without significant capital expenditure and is exploring partnerships in Korea and Europe to diversify manufacturing locations [62][64] Question: Can you provide an update on the balance sheet activity? - The company entered a blackout period as of December 31 and has not been active in the market since then [68] Question: Can you walk us through the strategic decision to target many customers with smaller volumes? - Management emphasized that all customers have high volume potential, and engaging with more customers increases opportunities for success [72][74] Question: What is the expected revenue cadence for 2025? - Management anticipates sequential improvements in revenue throughout 2025, despite some headwinds in Q1 [135] Question: How should we think about gross margin progression for the year? - Management indicated that gross margins are expected to improve as SiCore sales contribute positively from day one [100]
Amprius Technologies (AMPX) Reports Q4 Loss, Tops Revenue Estimates
ZACKS· 2025-03-20 23:51
Core Insights - Amprius Technologies reported a quarterly loss of $0.10 per share, which was better than the Zacks Consensus Estimate of a loss of $0.11, representing an earnings surprise of 9.09% [1] - The company achieved revenues of $10.63 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 1.25% and significantly up from $3.94 million a year ago [2] - Amprius shares have declined approximately 21.4% since the beginning of the year, contrasting with the S&P 500's decline of 3.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.11 on revenues of $7.55 million, and for the current fiscal year, it is -$0.40 on revenues of $65.89 million [7] - The estimate revisions trend for Amprius is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Technology Services industry, to which Amprius belongs, is currently ranked in the top 28% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
Amprius Technologies(AMPX) - 2024 Q4 - Annual Report
2025-03-20 21:01
Manufacturing and Production Capacity - The company has access to annual production of up to 800 MWh of SiCore batteries in pouch form and up to 1 GWh in cylindrical form through manufacturing supply agreements as of December 31, 2024[120]. - The company is in the process of developing an automated, high-volume manufacturing line for its SiMaxx silicon anode, which is crucial for scaling production[124]. - The company has not yet commenced high-volume production of its batteries, and achieving cost efficiency in manufacturing is critical for profitability[129]. - The Fremont, California facility currently operates at a kWh-scale manufacturing capacity and is being expanded to a MWh-scale facility, with plans for a GWh-scale facility in Brighton, Colorado, covering approximately 774,000 square feet[132]. - As of December 31, 2024, the company completed pre-construction planning for the new manufacturing facility, but the construction schedule will depend on funding availability and market dynamics[133]. - Significant capital expenditures will be required to scale production capacity and improve supply chain processes, with higher costs anticipated for silicon anode equipment compared to traditional graphite anodes[135]. Financial Performance and Challenges - The company reported net losses of $44.7 million and $36.8 million for the years ended December 31, 2024 and 2023, respectively, with revenues of $24.2 million and $9.1 million[187]. - The company continues to face significant operating expenses without generating sufficient revenue to cover expenditures, indicating a highly speculative investment[187]. - The company has identified material weaknesses in internal control over financial reporting, although these were remediated by December 31, 2024[196]. - Future revenues are difficult to predict, and actual results may differ from estimates, potentially affecting the company's financial condition and operations[186]. - The company incurred significant expenses as a public entity, which may adversely affect its financial condition and operational results[267]. - The accumulated deficit as of December 31, 2024, was $174.3 million, indicating ongoing financial challenges since inception[395]. - The company expects to incur additional losses as it scales operations and increases expenditures, particularly in headcount[395]. Market Competition and Risks - The battery market is highly competitive, with many competitors having significantly greater resources[116]. - The company may not succeed in developing new high-volume manufacturing lines that meet its quality and performance metrics[124]. - The company may face challenges in retaining key technical talent necessary for successful operations and growth[114]. - The company may encounter delays and technical obstacles in developing new battery products tailored to customer specifications, which could impact order fulfillment and reputation[142]. - The company faces risks related to supply chain constraints, construction delays, and potential cost overruns in establishing the new facility[132]. - The company is actively monitoring geopolitical conflicts and their potential impact on supply chains and commodity prices, which could adversely affect business operations[153][154]. Customer Dependency and Revenue Generation - Approximately 47% and 67% of the company's revenue during the years ended December 31, 2024, and 2023, respectively, came from three customers who represent 10% or more of total revenue[169]. - The company may experience adverse effects on its business if existing customers do not renew contracts or reduce purchases, as historical revenue has been significantly dependent on a few key customers[168]. - The company has not begun the evaluation process with any EV manufacturers, which may delay revenue generation and market acceptance of its products[165]. Capital and Funding - The company has entered into an At Market Issuance Sales Agreement to offer shares of common stock with an aggregate offering price of up to $100 million, with net proceeds of approximately $33.4 million and $33.8 million raised during the year ended December 31, 2024, and from the date of the Sales Agreement through December 31, 2024, respectively[172][179]. - The company may require additional capital to support business growth, and this capital might not be available on commercially reasonable terms[172]. - The company raised approximately $33.4 million from the issuance of common stock under the At Market Issuance Sales Agreement during the year ended December 31, 2024[394]. - The company has entered into a Sales Agreement allowing for the sale of up to $100 million in common stock, providing potential future funding[394]. Intellectual Property and Compliance Risks - The company relies heavily on its intellectual property portfolio, and failure to protect these rights could harm its competitive position and revenue[219]. - The company may face claims of intellectual property infringement, which could result in substantial costs and divert management's attention[221]. - The evolving landscape of privacy and data security laws may require the company to modify operations and increase costs to comply[218]. - Compliance with environmental laws and regulations is costly and failure to comply may result in significant fines and operational disruptions[230]. Operational and Regulatory Challenges - The company is subject to risks associated with government contracts, which could adversely affect its business if contracts are not maintained[205]. - The company may face limitations on utilizing net operating losses and tax credit carryforwards due to ownership changes[199]. - The unavailability or reduction of government incentives could materially affect the company's financial condition and operations[201]. - The company experienced a ransomware incident in December 2021, highlighting vulnerabilities in its information security systems[211]. - The company anticipates increased compliance burdens regarding battery product regulations, which may incur additional costs for oversight and monitoring[215]. Shareholder and Stock Information - Executive officers and directors beneficially own approximately 12.9% of the company's outstanding common stock, allowing them significant control over corporate decisions[266]. - The company does not expect to declare any dividends in the foreseeable future, requiring investors to rely on share price appreciation for potential gains[268]. - A resale registration was filed covering up to 105,680,194 shares of common stock, which could impact market price if substantial sales occur[273]. - As of December 31, 2024, shares reserved for future issuance under various plans total 38,461,496 shares, which may dilute existing shareholders' interests[276].
Amprius Technologies(AMPX) - 2024 Q4 - Annual Results
2025-03-20 20:08
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): March 4, 2025 Amprius Technologies, Inc. (Exact name of Registrant as Specified in Its Charter) _________________________ Delaware 001-41314 98-1591811 (State or Other Jurisdiction of Incorporation) 1180 Page Ave Fremont, CA 94538 (Address of ...
Amprius Technologies (AMPX) Expected to Beat Earnings Estimates: Should You Buy?
ZACKS· 2025-03-13 15:00
Amprius Technologies (AMPX) is expected to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be re ...
Amprius Technologies Is A Hold On Weak Fundamentals
Seeking Alpha· 2025-03-06 09:28
Amprius Technologies (NYSE: AMPX ) is poised to grow its topline massively over the next decade due to the revolutionary technology the company has developed for silicon batteries. Its SiCore product platform is highly competitive and when AMPX can getI work as an investment analyst for a mutual fund. I share the same thoroughness and precision in my daytime work as with my private work found primarily here on Seeking Alpha. My areas of expertise include the tech sector as well as the energy sector. I am no ...
Amprius Technologies: Surpassing USABC Targets, Revolutionizes EV Batteries
Seeking Alpha· 2025-01-09 13:30
Group 1 - The core viewpoint is a bullish stance on Amprius Technologies, driven by its leadership in the silicon battery market and advanced silicon nanowire anode technology [1] - The share price of Amprius Technologies has increased significantly since the previous article dated July 31, 2024 [1] - The analyst specializes in technology, innovation, and sustainability investment, utilizing a "First Principles" approach to identify overlooked investment opportunities [1] Group 2 - The analyst has a strong background in investment, private equity, and venture capital, with a proven track record of delivering strong returns [1] - Articles focus on emerging technologies, sustainable investing, and the intersection of innovation and finance [1] - The analyst expresses a passion for sharing insights and learning from fellow investors to drive positive change [1]