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Amprius Q1 2025 Earnings Report
Amprius reported strong Q1 2025 results, driven by significant revenue growth and expansion into new markets, while continuing to innovate in silicon anode battery technology.
Key Takeaways
Amprius demonstrated strong performance in Q1 2025, shipping batteries to over 100 customers and introducing new cell chemistries. The company reported significant revenue growth, driven by increased SiCore shipments and new customer acquisitions, while maintaining a strong financial position with adequate cash reserves and no debt.
Amprius shipped batteries to over 100 customers in Q1 2025, including 46 new customers.
Revenue for Q1 2025 was $11.3 million, a 6% increase sequentially and a 383% increase year-over-year.
The company introduced new battery designs, including a 370 Wh/kg high-power pouch cell and a 6300 mAh high-energy cylindrical cell.
Amprius added $34.5 million in new customer purchase orders to its backlog in Q1 2025.
Amprius
Amprius
Amprius Revenue by Segment
Amprius Revenue by Geographic Location
Revenue by Segment
Product Revenue
CapyFin.comDevelopment Services Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comRest of World Revenue
CapyFin.com Forward Guidance
Amprius expects continued growth in 2025, driven by new product releases, expanded manufacturing capabilities, and a diversified customer base. The company is confident in its ability to mitigate macroeconomic impacts and leverage its strong financial position.
Positive Outlook
- Expects to release new batteries on its product roadmap, including new SiCore products and commercial availability of SiMaxx 500 Wh/kg.
- Strengthening and expanding manufacturing capabilities and capacities to better align geographically with customers worldwide.
- Secured adequate capacity for the foreseeable future through contract manufacturing network.
- Plans to further expand manufacturing capacity in 2025 without deploying its capital.
- Confident in mitigating potential impacts from macroeconomic factors like tariffs due to high-performing cells, diversified revenue, and global manufacturing.
Challenges Ahead
- No current plans to move forward with the Colorado facility, with decisions influenced by demand, supply, cost structure, government incentives, and funding availability.
- Uncertainty created by current domestic and international policies.
- Potential for fluctuations in gross margin due to product and services revenue mix.
- The process of converting customer engagements into purchase orders can take 9 to 18 months for aviation customers.
- Monitoring latest policy decisions from the U.S. government and others around the globe.
Revenue & Expenses
Visualization of income flow from segment revenue to net income