Amprius Tech Stock Price, News & Analysis

Amprius Technologies (NYSE: AMPX), a next-generation lithium-ion battery manufacturer, has scheduled its third quarter 2024 earnings conference call for Thursday, November 7, 2024, at 5:00 p.m. Eastern time. The company will release its financial results for the quarter ended September 30, 2024, via press release before the call. Management will host a presentation followed by a Q&A session. The call will be accessible via toll-free and international numbers, with a simultaneous webcast available.

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) has signed a development contract with a Fortune 500 company to create a custom high-energy SiMaxx™ pouch cell using Amprius' proprietary silicon anode technology. The project aims to reduce the battery's weight and size by approximately 50% compared to the customer's current battery, without compromising performance.

This smaller and lighter battery is expected to enable better product designs, enhance customer experience, and offer a significant competitive advantage. If project objectives are met, the application could require over one million cells per year. Amprius is seeing increasing demand for its high-performance silicon anode batteries among Fortune 500 leaders, having recently signed an LOI with a different Fortune Global 500 leader in LEVs.

Amprius Technologies (NYSE: AMPX) has secured over $20 million in contracts to supply 40 Ah high-performance cells for Light Electric Vehicle (LEV) applications. The company expects to begin shipping cells in 2024 and recognize all revenue by mid-2025. Amprius' cells were chosen for their higher energy density, safety features, and competitive costs.

This development follows a recent 2 GWh potential LOI with a Fortune 500 company. Amprius currently has over 500 MWh of capacity available and is ramping up its Fremont, California facility to 2 MWh while finalizing plans for a gigawatt-hour scale factory in Brighton, Colorado. In the first half of 2024, Amprius shipped batteries to over 130 customers, including 100 new ones.

The LEV market is projected to reach $205.7 billion by 2032, with a CAGR of 9.74% from 2023 onward.

Amprius Technologies (NYSE: AMPX), a leader in next-generation lithium-ion batteries, has received a notice from the New York Stock Exchange (NYSE) on September 19, 2024, indicating non-compliance with continued listing criteria. The issue stems from the average closing price of Amprius' common stock falling below $1.00 over a consecutive 30 trading-day period.

This notice is a deficiency notification, not a delisting action, and does not currently affect the listing or trading of Amprius' stock on the NYSE. The company has a six-month cure period to regain compliance by achieving a closing price of at least $1.00 per share on the last trading day of any calendar month during this period, along with an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month or the cure period.

Amprius intends to remain listed on the NYSE and is exploring all available options to regain compliance. The notice does not impact the company's ongoing business operations or SEC reporting requirements.

Amprius Technologies (NYSE: AMPX) has signed a non-binding Letter of Intent (LOI) with a Fortune Global 500 technology OEM to develop high-energy SiCore™ cylindrical cells for Light Electric Vehicle (LEV) applications. The potential agreement could result in battery production orders exceeding 2 GWh over a 5-year period. Amprius aims to deliver cells with a 25% capacity improvement over current industry standards, significantly enhancing LEV range and performance.

Amprius has secured over 125 million SiCore cylindrical cell annual production capacity through contract manufacturing partnerships, with additional capacity expected in 2025. The company will begin shipping the first group of SiCore cylindrical cells for this application this year. This partnership demonstrates Amprius' ability to improve product range across various industries and marks its entry into the rapidly growing LEV market, projected to reach $205.7 billion by 2032.

Amprius Technologies (NYSE: AMPX), a leader in next-generation lithium-ion batteries, has announced its schedule for September 2024 events. The company will participate in several key industry conferences:

1. Commercial Unmanned Aerial Vehicle (CUAV) Expo in Las Vegas (Sept 3-5)
2. 2024 Gateway Conference in San Francisco (Sept 4)
3. H.C. Wainwright 26th Annual Global Investment Conference in New York (Sept 9-11)
4. DroneX in London (Sept 24-25)
5. The Oppenheimer Innovating Sustainability Summit (Virtual, Sept 24)

At these events, Amprius will exhibit its products, and its leadership team, including CEO Dr. Kang Sun and CFO Sandra Wallach, will be available for one-on-one meetings with investors and industry professionals.

Amprius Technologies (NYSE: AMPX), a leader in next-generation lithium-ion batteries, has appointed Tony Satterthwaite as an independent director to its Board of Directors, effective August 13, 2024. Satterthwaite, a transportation industry veteran with over 30 years of global power generation experience, will also join the Board's Compensation Committee. He brings valuable expertise in building brands and addressing customer needs across power generation, EV, and broader transportation markets.

Satterthwaite is currently a Senior Vice President at Cummins, Inc. and serves on the boards of IDEX , The Chemours Company, and the National Association of Manufacturers. This appointment follows his election to Amprius' Advisory Council in September 2023. Concurrently, Mary Gustanski has stepped down from the Amprius Board, effective August 12, 2024. The board will maintain seven directors, with six being independent.

Amprius Technologies (NYSE: AMPX), a leader in next-generation lithium-ion batteries, is set to present at the 2024 Annual Gateway Conference on September 4th at 1:00 p.m. PT. The event will take place at the Four Seasons Hotel in San Francisco, CA. Amprius' presentation will be webcast live and available for replay.

Key points:

• CEO Dr. Kang Sung and CFO Sandra Wallach will be available for one-on-one meetings
• The conference runs from September 4-5, 2024
• Investors can request invitations or schedule meetings via email
• Amprius specializes in Silicon Anode Platform technology for lithium-ion batteries