NYSE$AMPX
Amprius Technologies Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Amprius' Q4 2022 financial results reflected revenue growth and strategic investments in manufacturing capacity.
Amprius Technologies reported Q4 2022 revenue of $0.792 million and a net loss of $6.056 million. The company made progress in technology advancements, expanded its customer base, and progressed towards commercial scale manufacturing, including the selection of Brighton, Colorado for its new gigawatt facility.
- Upgraded 500 Wh/kg capable batteries were verified by an independent third-party.
- Batteries demonstrated extreme fast charge ability, achieving 0-80% charge in under ten minutes.
- 390 Wh/Kg polymer electrolyte cell successfully passed the Military Performance Specification nail penetration test.
- Delivered the first set of reference cells under the United States Advanced Battery Consortium program in Q4.
Headline financials
Revenue & EPS history
Amprius · Revenue · Quarterly
$792K
Forward guidance
Amprius expects to be limited by manufacturing capacity until the new 2 MWh capacity comes online at the end of 2023. Increased revenue recognition is expected to be weighted towards the latter part of the year. G&A costs are anticipated to continue at the higher rate experienced exiting 2022. Higher capital expenditures are expected as the company builds out the 2 MWh capacity in Fremont and designs/constructs the gigawatt-hour scale facility in Brighton, Colorado.
Tailwinds
- Strong support from the U.S. Inflation Reduction Act (IRA) is expected as Amprius accesses Production Tax Credits at the anode and cell levels.
- Over ten million dollars in state and local incentive packages have been received relating to the gigawatt-scale facility.
- The company has secured the financial foundation necessary to support its initiatives.
- Amprius is building the capacity to become a leading commercial provider in the sustainable mobility sector.
- A pipeline of blue-chip customers is being built to meet planned expansion efforts, operating at scale of hundreds of megawatts exiting 2024.
Headwinds
- Manufacturing capacity will continue to limit the company until the new 2 MWh capacity comes online at the end of 2023.
- Spending pattern is dependent on several factors outside of the company's control, including the timing of approval for rezoning for the Colorado site.
- G&A costs are expected to continue at the higher rate experienced exiting 2022, noting additional public company expenses.
- Higher capital expenditures are expected going forward.
- Company will continue to be lean on other operating expenses.
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 Q4 2022
+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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