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 ...

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Company Overview - Amprius Technologies, Inc. is a leader in next-generation lithium-ion batteries, specifically known for its Silicon Anode Platform [1] - The company manufactures high-energy and high-power lithium-ion batteries, with SiMaxx™ batteries delivering up to 450 Wh/kg and 1,150 Wh/L, and third-party validation showing 500 Wh/kg and 1,300 Wh/L [4] - Amprius expanded its product portfolio in 2024 to include the SiCore™ platform, enhancing its ability to serve additional customer applications [4] - The company has secured over 500 MW/h of contract manufacturing and has a lease agreement for a gigawatt-hour-scale facility in Brighton, Colorado [4] Event Participation - Amprius is confirmed to present at the 2024 Annual Gateway Conference on September 4th at 1:00 p.m. Pacific time [1] - The presentation will be webcast live, and the CEO and CFO will be available for one-on-one meetings throughout the conference [1] Industry Context - The Gateway Conference connects leading growth-stage companies with prospective investors, analysts, and partners, celebrating 25 years of fostering impactful industry connections [2] - The event features a diverse array of companies across various sectors, including technology, cleantech, consumer, industrials, financial services, and healthcare [2]

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]

August 8, 2024 Amprius Technologies Reports Second Quarter 2024 Business and Financial Results FREMONT, Calif.--(BUSINESS WIRE)-- Amprius Technologies, Inc. ("Amprius"), (NYSE: AMPX), a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, today announced its business and financial results for the second quarter ended June 30, 2024. Amprius posted a letter to shareholders on its Investor Relations website, ir.amprius.com, that details the company's results and provides an update o ...

Financial Data and Key Metrics - Total revenue for Q2 2024 was $3.3 million, all from product revenue, representing a 43% sequential increase and a 105% year-over-year increase [18] - Gross margin was negative 195% for Q2, compared to negative 109% in Q1 2024 and negative 186% in the prior year period, impacted by preconstruction costs for the Colorado facility [20] - GAAP net loss for Q2 was $12.5 million, or $0.13 per share, with 97 million weighted average shares outstanding [21] - The company exited Q2 with $46.4 million in net cash and no debt, recording a net increase of $7.4 million in cash compared to Q1 [24] Business Line Data and Key Metrics - The company shipped to 56 customers in Q2, including 24 new customers, with three customers representing over 10% of revenue [19] - Amprius launched the SiCore battery earlier in 2024, which has attracted new customers and enabled exploration of new market segments such as aviation and electrical transportation [7] - The company delivered the SA11 and SA17 batteries in Q2, targeting applications in aviation, drones, micro-mobility, and industrial equipment [7][8] - Amprius has 14 SKUs in its product portfolio, covering a wide range of performance metrics including energy, power, cycle life, and charging time [8] Market Data and Key Metrics - Shipments within the United States increased by 41% year-over-year, while shipments to the rest of the world grew by 271% year-over-year [10] - 50% of total revenue in Q2 came from outside the United States, reflecting the company's global expansion strategy [10] - The company secured $7.6 million in new sales orders during Q2, representing a 32% increase in net backlog compared to Q1 [11] Company Strategy and Industry Competition - Amprius is focused on innovating next-generation batteries, growing its customer base, and scaling manufacturing capacities [27] - The company is developing a 100Ah EV form factor battery cell for the USABC, expected to meet or exceed 2023 USABC low-cost fast-charging EV cell characteristics [9] - Amprius is expanding its manufacturing capacity, with plans to scale Fremont production to 2 megawatt hours by the end of 2024 and finalize the design for the Colorado facility [14][25] - The company has partnered with leading pack designers and manufacturers to broaden its sales reach and offer next-generation batteries to a wider customer base [11] Management Commentary on Operating Environment and Future Outlook - Management highlighted the strong demand for SiCore batteries and the company's ability to meet customer requirements in technical performance and application economics [10] - The company expects to finalize the design and permitting for the Colorado facility by the end of 2024, with the first line focused on SiCore manufacturing [25] - Amprius is optimistic about the second half of 2024, citing increasing sales outlook, growing customer engagement, and expanded production capacity [16] Other Important Information - The company completed a cash tender offer in Q2, reducing the number of warrants outstanding and raising net proceeds of $14.2 million [22][23] - Amprius was awarded a $1.9 million contract from the U.S. Army's X Tile Prime program to develop a large form factor 500 watt-hour per kilo SiMaxx energy density cell for defense applications [15] - The company plans to attend several industry and financial conferences in the coming weeks, including the UBS Energy Transition Call Series and the Oppenheimer Sustainability Summit [31] Q&A Session Summary Question: Customer design cycles and volume expectations for SiCore [32] - Answer: Customers typically require 9-12 months for product modification and 9-18 months for production qualification, with some customers already in the second stage of modification [33] Question: Ramp-up challenges in Fremont [34] - Answer: The company has qualified the central thermal machine for silicon nanowire growth but is optimizing the manufacturing process to reach nameplate capacity by the end of 2024 [35] Question: New bookings and timeline for $7.6 million in orders [37] - Answer: The bookings are for both SiMaxx and SiCore, with most expected to be fulfilled in the next few quarters, except for large orders from AALTO/Airbus extending through 2025 [38][39] Question: Factors impacting the Colorado facility [40] - Answer: The company is cautious due to industry dynamics, including supply, demand, government policies, and incentives, and is finalizing the design while monitoring market conditions [41] Question: Customer count and order patterns [43] - Answer: The decrease in customer count does not reflect fewer customers, as some are evaluating samples and may return for additional orders [44] Question: Importance of U.S.-based SiCore manufacturing [45] - Answer: Most customers prioritize quality and cost over manufacturing location, but some applications require U.S.-based production, prompting the development of the Colorado facility [46] Question: Revenue mix from outside the U.S. [48] - Answer: The company is expanding globally, with 50% of Q2 revenue coming from outside the U.S., reflecting a strategic shift to include Asia and other regions [49] Question: ATM usage and Colorado facility cost estimates [50][52] - Answer: The company has not used the ATM in Q3 and expects to finalize cost estimates for the Colorado facility by year-end, pending market dynamics [51][53] Question: Risks from potential policy changes [55] - Answer: The company is monitoring market and political dynamics but remains focused on accelerating customer modification processes to grow revenue [56] Question: Engagement with EV OEMs [57] - Answer: The company is engaged with EV OEMs but does not yet have a commercial product for the EV market, focusing on technical exchanges [58] Question: Commitment to the Colorado facility [60] - Answer: The company is evaluating the need for the Colorado facility based on market dynamics and manufacturing capacity, with a decision expected by year-end [61][63]

Amprius Technologies (AMPX) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -18.18%. 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 $0.11, delivering no surprise.Over the last four quarters, the company has surpa ...

Exhibit 99.1 ar IS LETTER TO SHAREHOLDERS Q2 2024 Letter to Shareholders August 2024 Fellow Shareholders, the second quarter was a strong finish to the first half of the year for Amprius. We successfully delivered new high-performance batteries to the market, expanded our manufacturing capabilities, and engaged with new customers and market segments. With that, we are pleased to share our financial results and operational highlights with you below. Company Overview Amprius develops, manufactures, and market ...

da-kuk Investment thesis Amprius Technologies, Inc. (NYSE:AMPX) has felt the full wrath of the market if the 90% plus selloff over the past year is anything to go by. The high-power and high-density ion battery manufacturer has been under pressure, raising serious questions about whether the stock is oversold. The selloff has come despite the company doubling the number of its customers to 82. A plunge like this usually means that either the company is fundamentally flawed or it is oversold. As such, we are ...