Core Viewpoint - SES AI Corporation is under investigation for potential violations of securities laws, specifically regarding misleading statements and undisclosed information that may have affected investors [2]. Group 1: Investigation Details - The Schall Law Firm is investigating claims on behalf of SES AI Corporation investors for possible securities law violations [1]. - The investigation centers on whether SES issued false or misleading statements and failed to disclose relevant information to investors [2]. - SES reported a delay in shipments at the end of 2025, which resulted in approximately $1.5 million being pushed into Q1 2026, a fact not disclosed during the business outlook presentation in January [2]. Group 2: Market Reaction - Following the announcement of the delayed shipments and the financial results, SES shares experienced a significant decline, falling by more than 36.8% the day after the news broke [2].

NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of SES AI Corporation (NYSE: SES) resulting from allegations that Barclays may have issued materially misleading business information to the investing public. So What: If you purchased SES AI Corporation securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arra. ...

NEW YORK, March 10, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of SES AI Corporation (“SES” or the “Company”) (NYSE: SES). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether SES and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On March 4, 2026, SES rep ...

ATLANTA, March 05, 2026 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether SES AI Corporation (“SES AI” or the “Company”) (NYSE: SES) complied with federal securities laws. On March 3, 2026, SES AI announced its business results for the fourth quarter and year ended December 31, 2025, and released a letter to shareholders in which the Company disclosed that revenue was “impacted primarily by logistics constraints that delayed shipments at the end of the year, resulting in approximately $1.5 m ...

Core Viewpoint - SES AI Corporation is under investigation for potential securities law violations following a significant drop in share price after the company reported Q4 and FY25 results, revealing logistics constraints that delayed revenue recognition [2][4]. Group 1: Company Performance - SES AI's shares fell over 30% on March 5, 2026, after the company disclosed that approximately $1.5 million of expected revenue was pushed into Q1 2026 due to logistics constraints [2]. - The company had previously presented its business outlook and growth initiatives at the 28th Annual Needham Growth Conference on January 16, 2026, without mentioning the shipment delays affecting revenue timing [2]. Group 2: Investigation Details - Block & Leviton is investigating SES AI Corporation for potential securities law violations and may file an action to recover losses for investors [4]. - Investors who purchased SES AI common stock and experienced a decline in share value may be eligible to participate in the investigation, regardless of whether they sold their shares [3]. Group 3: Investor Actions - Investors who have lost money on their SES AI investment are encouraged to contact Block & Leviton for more information on recovery options [5]. - Whistleblowers with non-public information about SES AI Corporation are invited to assist in the investigation, with potential rewards for original information provided to the SEC [6].

SES AI Corp (NYSE:SES) shares are trading sharply lower Thursday morning after the lithium-metal battery developer posted mixed fourth-quarter results and issued a 2026 sales outlook that trailed Wall Street expectations. Here’s what investors need to know.SES AI shares are retreating from recent levels. Why is SES stock dropping?Q4 Results Show Earnings Beat, Revenue MissFor the fourth quarter, SES AI reported an adjusted loss of 4 cents per share, beating analysts' forecast for a 5-cent loss and narrowing ...

Core Insights - SES AI reported a significant revenue increase of 124% year-over-year for Q4, totaling $4.6 million, with a GAAP gross margin of 11.3% and a non-GAAP gross margin of 11.7% [1] - The company anticipates 2025 revenue to be between $20 million and $25 million, impacted by logistics constraints that delayed shipments, resulting in approximately $1.5 million of revenue being pushed to Q1 2026 [2] - Full-year 2025 revenue reached $21 million, a substantial increase from just over $2 million in 2024, primarily due to EV development work with Honda and Hyundai [3] Financial Performance - For 2026, SES AI projects revenue between $30 million and $35 million, representing a growth of approximately 43% to 67% over 2025, with around 65% of revenue expected from energy storage systems (ESS) [5][10] - The company reported a GAAP net loss of $17.0 million for Q4 and a full-year GAAP net loss of $73.0 million, with adjusted EBITDA losses narrowing to $(13.8) million in Q4 2025 from $(23.2) million a year earlier [7] - Operating expenses decreased significantly, with Q4 GAAP operating expenses at $18.2 million, down 40% year-over-year, and full-year GAAP operating expenses at $93.9 million compared to $110.5 million in 2024 [6] Strategic Developments - SES AI's strategy focuses on three revenue-generating business units: energy storage systems (ESS), drones, and materials, supported by its "AI for science" platform, Molecular Universe [4] - The company is transitioning its South Korea facility to produce NDAA-compliant drone cells and is exploring contract manufacturing capacity in Southeast Asia [9][13] - In the materials segment, SES AI is collaborating with Hyzon to produce electrolyte materials at commercial scale, with six breakthroughs being tested across various applications [14][16] Market Position and Future Outlook - The company aims to maintain a "CapEx-light" model, with capital expenditures expected to remain in the single-digit millions for 2026 [9] - SES AI's ESS is positioned as the largest near-term revenue driver, with plans to expand into North America and a significant footprint already established in Australia, Europe, and the Middle East [12] - The company is focusing on the U.S. defense market for drones and has begun testing engagements with top customers, indicating potential orders ranging from single-digit millions to over $10 million annually [13]

Financial Data and Key Metrics Changes - Full year revenue for 2025 was $21 million, a significant increase from just over $2 million in 2024, marking nearly a tenfold growth year-over-year [5][19] - Q4 2025 revenue was $4.6 million, representing a 124% increase year-over-year [18] - GAAP net loss for Q4 2025 was $17 million, or $0.05 loss per share, an improvement from a net loss of $34.5 million in Q4 2024 [23][24] - Full year GAAP net loss for 2025 was $73 million, or $0.22 loss per share, compared to a loss of $100.2 million in 2024 [24][25] Business Line Data and Key Metrics Changes - The company operates three revenue-generating business units: Energy Storage Systems (ESS), drones, and materials [7][16] - ESS is the largest near-term revenue driver, with significant contributions from the acquisition of UZ Energy [8][9] - Drones are expected to see growth due to high energy density battery requirements, particularly in the U.S. defense market [10][11] - The materials business is anticipated to grow through a joint venture with Hyzon, focusing on electrolyte materials for various applications [12][13] Market Data and Key Metrics Changes - The ESS market is larger than both the EV and drone markets combined, with the company entering the North American market [8] - The drone market is under pressure to comply with NDAA requirements, creating opportunities for the company to supply compliant battery solutions [11][62] - The company is focusing on larger customers in the drone market, with potential orders ranging from single-digit millions to over $10 million annually [62] Company Strategy and Development Direction - The company aims to leverage its new business unit leadership to execute on ESS and drone cell opportunities [16] - Plans include converting production lines in Korea to manufacture NDAA-compliant cells for drones and expanding capacity in Southeast Asia [11][16] - The company is focused on integrating AI for safety and battery analytics into its products, enhancing the value proposition for customers [7][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth potential in ESS and drones, particularly with the integration of advanced monitoring features [52][54] - The company anticipates revenue for 2026 to be in the range of $30 million to $35 million, representing a 43%-67% growth over 2025 [27] - Management highlighted the importance of financial discipline and cost management as the company scales its operations [25][29] Other Important Information - The company exited 2025 with a strong liquidity position of $200 million, providing a solid runway for growth initiatives [26][31] - The company is committed to a CapEx-light business model, with expected capital expenditures remaining in the single-digit millions for 2026 [29][30] Q&A Session Summary Question: What’s next for the Honda and Hyundai program? - Management indicated that the next step for the program is on hold due to a slowdown in the EV market, focusing instead on selling developed materials [33][34] Question: Can you quantify the one-time service amount for fiscal 25? - The service revenue for 2025 was $13.6 million, primarily from the Honda and Hyundai service agreement [35] Question: How will revenue be broken down among ESS, drones, and materials for 2026? - Approximately 65% of the expected revenue will come from ESS, with drones and materials contributing more in the second half of the year [40][46] Question: What is the growth profile for ESS, drones, and materials over the next two to three years? - ESS and drones are expected to grow rapidly, with significant advancements in the ESS market due to new features being added [52][54] Question: What is the strategy for the UZ Energy acquisition in the ESS market? - The company aims to provide a stable operating system for the fragmented ESS market, enhancing the value of battery packs for energy trading [74][75]

SES AI (NYSE:SES) Q4 2025 Earnings call March 04, 2026 05:00 PM ET Company ParticipantsJing Nealis - CFOKyle Pilkington - Chief Legal OfficerMark Shooter - Senior AssociateQichao Hu - Founder and CEOWinnie Dong - Director of Equity ResearchConference Call ParticipantsColin Rusch - Managing Director and Senior Research AnalystDerek Soderberg - Director and Senior Equity Research AnalystOperatorGood afternoon. Thank you for attending today's SES AI fourth quarter and full year 2025 earnings results call. My n ...

Financial Data and Key Metrics Changes - Full year revenue for 2025 was $21 million, a significant increase from just over $2 million in 2024, marking nearly a tenfold growth year-over-year [5][18] - Q4 2025 revenue was $4.6 million, representing a 124% increase year-over-year [17] - GAAP net loss for Q4 2025 was $17 million, improving from a loss of $34.5 million in Q4 2024 [21][22] - Full year GAAP net loss for 2025 was $73 million, compared to a loss of $100.2 million in 2024 [22] Business Line Data and Key Metrics Changes - The company operates three revenue-generating business units: Energy Storage Systems (ESS), drones, and materials [6] - ESS is the largest market for batteries, expected to be the primary revenue driver, contributing approximately 65% of the 2026 revenue guidance [9][43] - The drones business is anticipated to have growth margins north of 20% as volumes increase [26] - The materials business, through a joint venture with Hyzon, is expected to carry a margin profile in the 10%-20% range [26] Market Data and Key Metrics Changes - The ESS market is described as fragmented, with the company aiming to provide a stable operating system for commercial and industrial applications [72] - The drone market is experiencing pressure to comply with NDA requirements, with the company focusing on larger customers for significant orders [60] - The company is entering the North American market for ESS, expanding its global reach [7] Company Strategy and Development Direction - The company is focusing on converting its production lines to manufacture NDAA-compliant cells for drones and expanding its manufacturing capacity in Southeast Asia [11][27] - The strategy includes leveraging the Molecular Universe platform to enhance product development and operational efficiency [14][55] - The company aims to maintain a CapEx-light business model while investing in growth initiatives [25][27] Management's Comments on Operating Environment and Future Outlook - Management noted that the EV market is slowing down, impacting the timeline for next-gen battery technology commercialization [31] - The company expects revenue for 2026 to be in the range of $30 million-$35 million, representing a growth of approximately 43%-67% over 2025 [25] - Management expressed confidence in the long-term value of the Molecular Universe platform and its potential to drive future revenue growth [14][28] Other Important Information - The company reported a strong liquidity position of $200 million at the end of 2025, providing a solid runway for future operations [24][28] - The company is focused on optimizing its cost structure, with a 40% reduction in GAAP operating expenses for Q4 2025 compared to the previous year [19] Q&A Session Summary Question: What’s next for the Honda and Hyundai development work? - The company is focusing on selling developed materials and converting production lines for drone applications, with full-blown lithium metal C-sample production on hold due to market conditions [31][32] Question: Can you quantify the one-time service revenue impact for fiscal 25? - The service revenue for 2025 was $13.6 million, primarily from the Honda and Hyundai service agreement [33] Question: How do you expect the revenue to break down by segment for 2026? - Approximately 65% of the expected revenue will come from ESS, with drones and materials contributing more in the second half of the year [43] Question: What is the growth profile for ESS, drones, and materials over the next few years? - ESS and drones are expected to grow rapidly, with the company leveraging new features for energy trading and compliance [49][51] Question: What is the strategy for the UZ Energy acquisition in the ESS market? - The company aims to provide a stable operating system for the fragmented ESS market, enhancing the value of battery packs for energy trading [72]