The chart below shows how AMPX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AMPX sees a -8.47% change in stock price 10 days leading up to the earnings, and a -0.11% change 10 days following the report. On the earnings day itself, the stock moves by +7.09%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Earnings Surprise Report: Amprius Technologies, Inc. beats earnings expectations with reported EPS of $-0.1, exceeding expectations of $-0.11.
Record Sales Revenue Growth: The company achieved record sales revenue of $10.6 million in Q4 2024, a 35% increase from Q3 2024 and a 170% increase from Q4 2023.
Customer Expansion and Interest: Amprius shipped to 98 customers in Q4, with 53 being new to the platform, demonstrating strong customer interest and expansion.
Revenue Surge 2024: The company generated $24.2 million in revenue for the full year 2024, representing a 167% increase from 2023.
Customer Base Expansion: Amprius has developed a strong customer base, shipping to a total of 235 customers in 2024, including repeat orders from long-term partners.
Silicon Anode Battery Launch: The company introduced a new silicon anode battery platform with a third-party validated performance of 500 watt-hour per kilo and 1,300 watt-hour per liter.
Grant for Battery Development: Amprius received a $3 million grant from the USABC for developing low-cost, fast-charging battery cells, exceeding development targets.
Drone Market Demand: The company secured a $15 million purchase order from a leading unmanned aircraft system manufacturer, indicating strong demand in the drone market.
Manufacturing Capacity Expansion: Amprius has over 1.8 gigawatt hour cell manufacturing capacity, positioning itself well for future growth and customer demand.
Light Electric Vehicle Growth: The light electrical vehicle market is projected to grow significantly, with Amprius positioned to capture a share of this expanding market.
Negative
Gross Margin Challenges: Negative gross margin of 21% in Q4 2024, although improved from previous quarters, indicates ongoing profitability challenges.
Revenue Decline in Development Services: Development services and grant revenue decreased significantly from $1.8 million in Q3 to $0.3 million in Q4, highlighting volatility in nonrecurring revenue streams.
Rising Operating Expenses: Operating expenses increased by 55% from Q3 to Q4, driven by higher R&D costs and nonrecurring charges, raising concerns about cost management.
Quarterly Net Loss Analysis: GAAP net loss of $11.4 million in Q4 2024, slightly higher than the previous quarter, reflects ongoing financial strain despite revenue growth.
Employee Retention Concerns: Share-based compensation increased significantly, indicating potential issues with employee retention and compensation management.
Industry Headwinds Ahead: The company is facing potential industry headwinds due to changes in federal administration and geopolitical concerns, which could impact future growth.
Revenue Concentration Risk: The reliance on a small number of customers for revenue, with only 3 customers accounting for over 10% of revenue, raises concerns about revenue concentration risk.
Amprius Technologies, Inc. (NYSE:AMPX) Q4 2024 Earnings Call Transcript
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