Enovix (NasdaqGS:ENVX) Q4 2025 Earnings call February 25, 2026 05:00 PM ET Speaker7Thank you for standing by, welcome to the Enovix Corporation fourth quarter 2025 earnings conference call. Currently, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. As a reminder, today's program will be recorded. Now I'd like to introduce your host for today's program, Robert Lahey, Head of Investor Relations. Please go ahead, sir.Speaker9Thank you. ...

Summary of Amprius Technologies (AMPX) FY Conference Call Company Overview - Amprius Technologies is a pioneer in developing and manufacturing high energy density and high power density silicon and lithium-ion batteries, originating from technology developed at Stanford University in 2008 [2][6] - The company began full operations in 2010 and launched its IPO on the New York Stock Exchange in 2022 [8][11] Key Technological Advancements - Amprius has achieved significant milestones, including the development of a battery that can perform up to 500 watt-hours per kilogram and 1,300 watt-hours per liter, which is significantly higher than the current market average of 260 to 300 watt-hours per kilogram [9][11] - The company has a manufacturing capacity of 1.8 gigawatts and has developed various technology platforms, including CEMEX and Secor [8][12] - The CEMEX platform features a silicon nanowire technology that allows for a 3,400 milliamp-hours per gram anode, which is ten times higher than traditional graphite anodes [18][19] Market Position and Customer Engagement - Amprius has over 320 customers engaged in technology collaboration and purchase agreements, with 86% of these customers located outside the United States [12][13] - The company has secured significant orders, including a $15 million purchase order from a leading U.S. manufacturer [15][41] - Key customers include Airbus, BAE Systems, and various military applications, indicating a strong foothold in the aviation and defense sectors [37][39] Manufacturing Strategy - Amprius employs a capital-light manufacturing model, utilizing contract manufacturing partners to produce its batteries, which allows the company to avoid the costs associated with building and maintaining factories [32][34] - The company is expanding its manufacturing capabilities in South Korea and exploring opportunities in Europe and the U.S. to meet customer demands [49][54] Financial Health - As of the second quarter, Amprius reported $54.2 million in cash with no debt, and an operating cash burn rate of $7.5 to $9 million per quarter [68][69] - The company has a favorable cash flow trend, with its SciCore product being cash flow positive since its inception [70] Competitive Landscape and Intellectual Property - Amprius holds over 80 patents related to its technology, which includes unique material systems, cell chemistry, and manufacturing processes [46][48] - The company is confident in its ability to defend its intellectual property in a competitive landscape where patent disputes are rare [47] Future Outlook - Amprius aims to maintain its leadership in battery performance while expanding its manufacturing base to meet growing customer demand [53][56] - The company is positioned to compete with solid-state battery technologies, emphasizing the safety and performance of its silicon-based batteries [61][66] Conclusion - Amprius Technologies is well-positioned in the high-performance battery market with a strong technological foundation, a diverse customer base, and a sustainable manufacturing strategy, all contributing to its potential for future growth and profitability [41][43]