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FREMONT, Calif.--(BUSINESS WIRE)--Amprius Technologies, Inc. (“Amprius” or the “Company”) (NYSE: AMPX), a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, today announced its schedule for February appearances and activities. Solid-State Batteries: Innovations, Promising Start-Ups, and Future Roadmap Date: February 14-15, 2024 Location: Virtual Event Details: The Solid-State Batteries: Innovations, Promising Start-Ups, and Future Roadmap brings experts together to share resea ...

FREMONT, Calif.--(BUSINESS WIRE)--Amprius Technologies, Inc. (“Amprius” or the “Company”) (NYSE: AMPX), a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, today announced it has received the prestigious AS9100:2016 certification for its Fremont, CA production facility. This certification, received from Smithers Quality Assessments, Inc., establishes a framework for continual improvement as Amprius continues to supply batteries to the burgeoning electric aviation industry, hel ...

Core Viewpoint - Amprius Technologies (AMPX) has seen a significant stock price increase of 37.7% over the past four weeks, closing at $5, with analysts projecting a potential upside to a mean price target of $11.86, indicating a 137.2% increase from the current price [1] Price Targets and Analyst Consensus - The mean price target is based on seven short-term estimates with a standard deviation of $3.08, suggesting variability in analyst predictions; the lowest estimate is $8 (60% increase), while the highest is $16 (220% increase) [1] - Analysts' price targets can be misleading, as they often set overly optimistic targets influenced by business relationships, which may inflate expectations [3][4] Earnings Estimates and Market Sentiment - There is growing optimism among analysts regarding AMPX's earnings, with a 2.1% increase in the Zacks Consensus Estimate over the past month, indicating a positive trend in earnings estimate revisions [5] - AMPX holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, suggesting strong potential for near-term upside [5] Conclusion on Price Movement - While consensus price targets may not reliably indicate the extent of potential gains, the direction implied by these targets appears to be a useful guide for investors [6]

FREMONT, Calif.--(BUSINESS WIRE)--Amprius Technologies, Inc. ("Amprius" or the "Company") (NYSE: AMPX), a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, today announced its all-new SiCoreTM product platform, an expansion of its product portfolio of industry-leading silicon anode batteries targeted to revolutionize electric mobility. In addition to this SiCore product platform, Amprius has also branded its existing silicon nanowire platform SiMaxxTM with its current product ...

Industry Overview - Batteries are becoming essential in the transition to renewable energy and are critical for electric vehicles (EVs) and other applications like energy storage and eVTOL vehicles [1][3] Company Analysis Tesla (TSLA) - Tesla is a vertically integrated EV manufacturer that produces its own high-density batteries, which are used for both EVs and stationary energy storage systems [3] - The stock has seen significant growth, with a 96% one-year gain, although it has dipped over 14% in the last six months [3] - The forward price-to-earnings (P/E) ratio is over 90x, raising questions about the timing of investment [3] QuantumScape (QS) - QuantumScape is focused on developing solid-state batteries that promise higher density and faster charging times compared to lithium-ion batteries [5][6] - The company is currently unprofitable and pre-revenue, facing challenges due to rising interest rates and cash burn [5][6] - The stock is considered speculative, with potential upside if interest rates decrease [6] Amprius Technologies (AMPX) - Amprius Technologies specializes in high-density silicon nanowire anode batteries for aviation applications, including drones and eVTOLs [7] - The company recently opened a manufacturing facility in Fremont, California, which will increase production capacity by 10x [7][8] - Although AMPX stock was down 26% in 2023, it has shown recent growth, with a consensus price target of $7.28, indicating potential upside [8]

Core Viewpoint - Five stocks have been added to the Zacks Rank 1 (Strong Buy) List, indicating strong potential for investment based on recent earnings estimate increases. Group 1: Company Summaries - Panasonic Holdings Corporation (PCRFY) has seen a 19.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Immunocore Holdings plc (IMCR) has experienced a 6.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Catalyst Pharmaceuticals, Inc. (CPRX) has reported a 25.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Amprius Technologies, Inc. (AMPX) has seen an 8.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - EnerSys (ENS) has experienced a 7.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2]

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, 2023 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. ( ...

Amprius Technologies, Inc. (NYSE:AMPX) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Kang Sun - Chief Executive Officer Sandra Wallach - Chief Financial Officer Conference Call Participants Colin Rusch - Oppenheimer Christopher Souther - B. Riley Securities Tim Moore - E.F. Hutton Kailash Kamoji - Northland Capital Amit Dayal - HC Wainwright Jeff Grant - Alliance Global Operator Good afternoon. Welcome to Amprius Technologies Third Quarter 2023 Earnings Conference Call. S ...

Financial Data and Key Metrics Changes - The company reported revenue of $1.6 million for Q2 2023, an increase of $0.9 million compared to $0.7 million in the same quarter last year [18] - GAAP gross margin was negative 186% in Q2 2023, an improvement from negative 518% in Q1 2023 [20] - GAAP net loss for Q2 2023 was $9.4 million, or a net loss of $0.11 per share [20] Business Line Data and Key Metrics Changes - The company shipped to 27 customers in Q2 2023, up from 16 in the same quarter last year and 19 in Q1 2023 [12] - Product revenue increased by $0.6 million, driven by shipments to the 27 customers [18] - Development Services revenue totaled $0.3 million, reflecting the Army Safe Cell delivery completed in the quarter [19] Market Data and Key Metrics Changes - The company has over 80 patents in silicon anode manufacturing technologies, positioning it as a leader in high-performance battery solutions [6] - The demand for Amprius products is growing, with significant interest from the aviation and electric vehicle markets [28] Company Strategy and Development Direction - The company aims to scale manufacturing capacity to meet increasing demand, with a long-term goal of becoming a mainstream battery solution across various segments of electrical mobility [7] - Amprius is focused on expanding its production capacity at Amprius Lab in Fremont, California, and building Amprius Fab in Brighton, Colorado, expected to be operational in 2025 [15][26] - The company is targeting the conformal wearable battery market, estimated at $1.25 billion by 2030, and the aviation market projected to be $49 billion by 2025 [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving capacity expansion goals and normalizing gross margins as production scales up [20][22] - The company anticipates increased revenue recognition in the latter part of 2023 due to ongoing development services programs [22] - Management highlighted the importance of safety, energy, and power in the aviation market, which are critical for customer acquisition [49] Other Important Information - The company appointed Mary Gustanski as an Independent Director to the Board, bringing valuable experience in the automotive sector [17] - The company exited Q2 2023 with $65 million in cash and no debt, indicating a strong balance sheet [21] Q&A Session Summary Question: Can you talk about the testing perspective around the subsystems for the megawatt scale tool? - The company has completed testing in Germany and expects to have the necessary equipment in place by the end of the year [31] Question: What percentage of new customers are sampling versus taking commercial products? - Approximately 40% of new customers are qualifying products for commercial applications [33] Question: Can you provide a sense of the timelines for updates on the performance automotive OEM? - The company expects to finalize the joint development agreement in the coming months [39] Question: How do you prioritize production for specific customer proposals? - Existing customers are prioritized for capacity allocation, while new customer inquiries are also being addressed [47] Question: What are the key factors helping win orders? - The company focuses on safety, energy, and power as top priorities for the aviation market, which are critical for customer acquisition [49] Question: What is the process and timeline for acquiring a new customer? - The timeline can vary, with some customers taking about 7-8 months for standard products, while new programs may take up to 1.5 years [55]