NYSE$AMPX
Amprius Technologies Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Amprius reported a significant increase in product revenue and customer base, while continuing to scale production and innovate battery technology.
Amprius Technologies reported a 397% year-over-year increase in product revenue, driven by a doubling of customer shipments. The company continues to focus on scaling production capacity and innovating its battery technology with the SiCore platform launch.
- Product revenue increased by 397% year-over-year, reaching $2.3 million.
- Shipped to 82 customers in Q1, doubling the customer count from Q4 2023.
- Launched the SiCore product family to serve applications demanding high energy density and longer cycle life.
- Made progress in ramping up production in Fremont, California, remaining on track to achieve 2 MWh production by year-end.
Headline financials
Revenue & EPS history
Amprius · Revenue · Quarterly
$2.34M
Forward guidance
Amprius is focused on optimizing SiMaxx mass production, leveraging SiCore product availability, delivering 100 Ah EV form factor cells, finalizing design plans for the Brighton facility, and commercializing 500 Wh/kg SiMaxx cells.
Tailwinds
- Fully optimize SiMaxx mass production process and ramp up production to a 2 MWh run rate exiting the year at the Fremont facility.
- Take advantage of the hundreds of MWhs of new SiCore product availability from toll manufacturing agreements.
- Deliver the 100 Ah EV form factor cell to the US Advanced Battery Consortium (USABC) as part of grant program during the summer.
- Finalize the design plans and begin the planning of gigawatt-scale facility in Brighton, Colorado.
- Commercialize 500 Wh/kg SiMaxx cells later this year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q1 2024
+6.2%
Avg return
Earnings day
+9.5%
Avg return
5 days after
-0.7%
Avg return
30 days after
53%
8 / 15 earnings
Positive
+37.3%
Q3 2024
Best reaction
-27.4%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -27.4% | -15.2% | -11.6% | |
| Q4 2025 | +18.6% | +43.4% | +27.5% | |
| Q3 2025 | +12.4% | +9.9% | +8.2% | |
| Q1 2025 | -1.2% | +13.7% | +16.5% | |
| Q4 2024 | +34.6% | +32.5% | -7.4% | |
| Q3 2024 | +37.3% | +99.2% | +62.7% | |
| Q2 2024 | +2.8% | +0.0% | -32.7% | |
| Q1 2024 | -8.8% | -39.8% | -37.0% | |
| Q4 2023 | -5.2% | -12.0% | -39.5% | |
| Q3 2023 | +4.2% | +5.5% | +32.1% | |
| Q2 2023 | -10.4% | -11.7% | -48.4% | |
| Q1 2023 | -1.7% | -2.6% | +6.7% | |
| Q4 2022 | +36.4% | +25.8% | +72.7% | |
| Q3 2021 | -8.5% | -6.2% | -34.2% | |
| Q3 2022 | +9.3% | +0.0% | -26.2% | |
| Q2 2022 | — | — | — | |
| Q1 2022 | — | — | — | |
| Q4 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — |
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