NYSE$AMPX
Amprius Technologies Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Amprius reported increased revenue driven by product sales and development services.
Amprius Technologies reported a revenue of $2.8 million for the third quarter of 2023, marking a $2.0 million increase compared to the same quarter last year. The increase was driven by product revenue and development services. The GAAP net loss for the quarter was $8.5 million, or a net loss of $0.10 per share. The company ended the quarter with $53.4 million in cash and no debt.
- Revenue increased by $2.0 million compared to Q3 2022, reaching $2.8 million.
- Product revenue increased by $1.7 million year-over-year, driven by shipments to 38 customers.
- Development services revenue was $0.6 million, reflecting the completion of the RCCTO program for the U.S. Army.
- The company finished the quarter with $53.4 million in cash and no debt.
Headline financials
Revenue & EPS history
Amprius · Revenue · Quarterly
$2.8M
Forward guidance
Amprius expects to be capacity constrained until the end of 2023, with the new 2 MWh capacity projected to come online. Capital allocation priorities remain the completion of the Fremont facility and the build-out of Amprius Fab in Colorado. The company expects to spend another $5 to $7 million to complete the Fremont facility and $20 to $30 million on the Colorado facility.
Tailwinds
- Completion of MWh scale silicon anode battery manufacturing facility at Amprius Lab.
- Securing additional customer commitments.
- Delivery of 500 Wh/kg battery prototypes.
- New 2 MWh capacity is projected to come online.
- Build out of Amprius Fab remains on track, and they expect to have the facility operational entering 2025.
Headwinds
- Expects to be capacity constrained until they exit 2023.
- Ramping up of factory start-up costs as they start Colorado construction.
- Brighton City Council’s re-zoning decision.
- Delays in permitting, construction and operation of production facilities
- Supply shortages in the materials necessary for the production of Amprius’ products
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 Q3 2023
+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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro