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Dec 31, 2024
Amprius Q4 2024 Earnings Report
Amprius reported strong Q4 2024 results with record revenue growth, increased product shipments, and improvements in gross margin despite a net loss.
Key Takeaways
Amprius delivered $10.63 million in revenue for Q4 2024, representing a 170% year-over-year increase. The company achieved record product shipments, with 77% of revenue coming from outside the United States. Although the company reported a net loss of $11.42 million, gross margin significantly improved compared to the previous year, reflecting the ramp-up of higher-margin product lines.
Q4 2024 revenue increased 170% year-over-year to $10.63 million.
Product revenue surged to $10.3 million, up nearly 1,000% from Q4 2023.
77% of revenue came from outside the United States.
GAAP gross margin improved to -21% from -98% in the prior year quarter.
Forward Guidance
Amprius expects continued revenue growth in 2025, supported by product expansion, new market entries, and strategic customer engagements. The company plans to leverage its strong pipeline, global partnerships, and increasing customer demand.
Positive Outlook
- Secured a $15 million purchase order for SiCore cells from a leading UAS manufacturer.
- Strong growth in the light electric vehicle market with key contracts in place.
- Development of new high-performance battery cells for aviation and electric vehicles.
- Increased manufacturing capacity with access to over 1.8 GWh.
- Growing customer pipeline with 98 customers in Q4, including 53 new customers.
Challenges Ahead
- Potential macroeconomic and geopolitical risks affecting global supply chains.
- Fluctuations in gross margins due to product and services revenue mix.
- High R&D and pre-construction expenses impacting short-term profitability.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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