Amprius Technologies Reports Preliminary Third Quarter 2024 Financial Results
Amprius Technologies (NYSE: AMPX) released preliminary Q3 2024 financial results. The company expects to report revenue between $7.6-7.9 million, with a net loss ranging from $10.8-11.8 million, translating to a loss per share of $0.10-0.11. The company maintains a strong balance sheet with approximately $35 million in cash and cash equivalents and no debt. These results are preliminary and unaudited, subject to potential adjustments during the final financial statement review process.
Amprius Technologies (NYSE: AMPX) ha pubblicato i risultati finanziari preliminari per il terzo trimestre del 2024. L'azienda prevede di riportare ricavi compresi tra 7,6 e 7,9 milioni di dollari, con una perdita netta compresa tra 10,8 e 11,8 milioni di dollari, che si traduce in una perdita per azione di 0,10-0,11 dollari. L'azienda mantiene un forte bilancio con circa 35 milioni di dollari in contante e mezzi equivalenti e nessun debito. Questi risultati sono preliminari e non auditati, soggetti a possibili aggiustamenti durante il processo di revisione del bilancio finale.
Amprius Technologies (NYSE: AMPX) publicó los resultados financieros preliminares para el tercer trimestre de 2024. La empresa espera reportar ingresos entre 7.6 y 7.9 millones de dólares, con una pérdida neta de entre 10.8 y 11.8 millones de dólares, lo que se traduce en una pérdida por acción de 0.10-0.11 dólares. La empresa mantiene un sólido balance con aproximadamente 35 millones de dólares en efectivo y equivalentes de efectivo y sin deuda. Estos resultados son preliminares y no auditados, sujetos a posibles ajustes durante el proceso de revisión del estado financiero final.
암프리우스 테크놀로지스(뉴욕 증권 거래소: AMPX)는 2024년 3분기 예비 재무 결과를 발표했습니다. 회사는 760만~790만 달러의 수익을 보고할 것으로 예상하며, 순손실은 1,080만~1,180만 달러로 추정하고, 주당 손실은 0.10~0.11달러에 이를 것으로 보입니다. 회사는 약 3,500만 달러의 현금 및 현금성 자산을 보유하고 있으며, 부채는 없습니다. 이러한 결과는 예비적인 것으로 감사되지 않았으며, 최종 재무제표 검토 과정에서 조정될 수 있습니다.
Amprius Technologies (NYSE: AMPX) a publié des résultats financiers préliminaires pour le troisième trimestre de 2024. L'entreprise prévoit de déclarer des revenus compris entre 7,6 et 7,9 millions de dollars, avec une perte nette variant entre 10,8 et 11,8 millions de dollars, ce qui se traduit par une perte par action de 0,10 à 0,11 dollar. L'entreprise dispose d'un bilan solide avec environ 35 millions de dollars en liquidités et équivalents de liquidités et aucune dette. Ces résultats sont préliminaires et non audités, soumis à d'éventuels ajustements lors du processus d'examen des états financiers finaux.
Amprius Technologies (NYSE: AMPX) hat die vorläufigen finanziellen Ergebnisse für das dritte Quartal 2024 veröffentlicht. Das Unternehmen erwartet, Umsätze zwischen 7,6 und 7,9 Millionen US-Dollar zu melden, mit einem Nettoverlust zwischen 10,8 und 11,8 Millionen US-Dollar, was zu einem Verlust pro Aktie von 0,10–0,11 US-Dollar führt. Das Unternehmen weist eine starke Bilanz mit ca. 35 Millionen US-Dollar in Bargeld und Zahlungsmitteläquivalente auf und hat keine Schulden. Diese Ergebnisse sind vorläufig und nicht geprüft, und unterliegen möglichen Anpassungen während des endgültigen Überprüfungsprozesses des Finanzberichts.
- Strong cash position of $35 million with no debt
- Revenue of $7.6-7.9 million for the quarter
- Net loss of $10.8-11.8 million
- Loss per share of $0.10-0.11
Insights
Amprius Technologies' Q3 2024 preliminary results show mixed signals. Revenue of
The loss per share of
Q3 2024 Preliminary Financial Results
Based on preliminary unaudited results, management expects the Company to report the following in respect of its quarterly period ended September 30, 2024:
-
Revenue of approximately
$7.6 million $7.9 million -
Net loss of approximately
$10.8 million $11.8 million -
Loss per share of approximately
$0.10 $0.11
At quarter end, the Company held cash and cash equivalents of approximately
The preliminary financial results discussed in this press release are based on management’s preliminary unaudited analysis of financial results for the period ended September 30, 2024. As of the date of this press release, the Company has not completed its financial statement reporting process for the period ended September 30, 2024, and the Company’s independent registered accounting firm has not reviewed the preliminary financial data discussed in this press release. During the course of the Company’s quarter-end closing procedures and review process, including the finalization of its financial statements for and as of the period ended September 30, 2024, the Company may identify items that would require it to make adjustments, which may be material to the information presented above. As a result, the estimates above constitute forward-looking information and are subject to risks and uncertainties, including possible adjustments to preliminary results.
Conference Call
The Company expects to report its comprehensive third quarter 2024 results, including a comprehensive business update, in early November in its letter to shareholders. The letter will be accompanied by a conference call, and a recorded version of the webcast will be available after the call and accessible at ir.amprius.com.
Additional details, including the date and time of the call, will be provided in advance of the event.
About Amprius Technologies, Inc.
Amprius Technologies, Inc. is a leading manufacturer of high-energy and high-power lithium-ion batteries, producing the industry’s highest-known energy density cells. The company’s commercially available SiMaxx™ batteries deliver up to 450 Wh/kg and 1,150 Wh/L, with third-party validation of 500 Wh/kg and 1,300 Wh/L. Amprius expanded its product portfolio to include the SiCore™ platform in 2024, significantly enhancing its ability to serve additional customer applications. The company’s corporate headquarters is in
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Amprius’ expectations with respect to the company’s financial results for the quarter ended September 30, 2024 and its cash position at quarter end. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Amprius’ management and are not predictions of actual performance. Actual results could differ materially from these forward-looking statements as a result of certain risks and uncertainties. These forward-looking statements are subject to a number of risks and uncertainties, including changes resulting from Amprius’ finalization of its financial statements for and as of the period ended September 30, 2024; information or new changes in facts or circumstances that may occur prior to the filing of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024 that are required to be included in such report; Amprius’ liquidity position; risks related to the rollout of Amprius’ business and the timing of expected business milestones; Amprius’ ability to commercially produce high performing batteries; the effects of competition on Amprius’ business; supply shortages in the materials necessary for the production of Amprius’ products; and changes in domestic and foreign business, market, financial, political and legal conditions. For more information on these risks and uncertainties that may impact the operations and projections discussed herein can be found in the documents we filed from time to time with the Securities and Exchange Commission (the “SEC”), all of which are available on the SEC’s website at www.sec.gov. There may be additional risks that Amprius does not presently know or that Amprius currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Amprius’ expectations, plans or forecasts of future events and views as of the date of this press release. These forward-looking statements should not be relied upon as representing Amprius’ assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Except as required by law, Amprius specifically disclaims any obligation to update any forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241029146328/en/
Investors
Tom Colton, Greg Bradbury
Gateway Group, Inc.
949-574-3860
IR@amprius.com
Media
Zach Kadletz, Brenlyn Motlagh
Gateway Group, Inc.
949-574-3860
Amprius@gateway-grp.com
Source: Amprius Technologies, Inc.
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