Amprius Technologies Earnings Call Transcripts
Fiscal Year 2026
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Proprietary silicon anode technology enables batteries with double the energy density, driving rapid revenue growth and strong gross margins. Outsourced manufacturing and a diversified customer base support flexibility and recurring revenue, while ongoing R&D sustains a competitive edge.
Fiscal Year 2025
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Record 2025 revenue and margin growth were driven by strong demand for silicon anode batteries, expanded customer base, and successful NDAA compliance. 2026 guidance targets $125M+ revenue and positive adjusted EBITDA, with robust cash reserves and a focus on scaling U.S. manufacturing.
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Record Q3 revenue grew 42% sequentially and 173% year-over-year, driven by strong demand in aviation and new customer wins. Gross margin improved to 15%, and backlog rose to $53.3 million, with strategic investments supporting future growth and a path to cash flow break-even.
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Silicon nanowire anode batteries deliver industry-leading energy and power density, fast charging, and broad application across aviation, military, and light electric vehicles. Contract manufacturing enables global scale and cost flexibility, with strong customer growth and government support.
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A leading innovator in silicon anode lithium-ion batteries, the company has achieved industry-best energy densities and rapid revenue growth through a capital-light contract manufacturing model. With a strong IP portfolio, global customer base, and robust financials, it is well-positioned for continued expansion.
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Q2 revenue surged 350% year-over-year to $15.1 million, driven by SiCore battery shipments and new customer wins, with gross margin turning positive. Strong growth in aviation and drone markets, expanded global manufacturing, and a $10.5M DIU contract support a positive outlook.
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Q1 revenue rose 383% year-over-year to $11.3M, driven by SiCore battery shipments and new customer wins. Gross margin improved to -21%, and backlog reached $37.8M. Global diversification and new product launches position the company for continued growth in 2025.
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A pioneer in silicon anode batteries, the company has rapidly expanded its product line and customer base, achieving record revenue growth and broad market traction, especially in aviation and light electric vehicles. SiCore's compatibility with existing manufacturing lines enables fast scaling and positions the firm for further expansion.
Fiscal Year 2024
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Record 2024 revenue grew 167% year-over-year, driven by new high-performance battery products and rapid customer expansion, especially in the light electric vehicle and aviation markets. Gross margin improved, and a strong backlog and global manufacturing partnerships support 2025 growth.
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Q3 revenue more than doubled sequentially to $7.9M, driven by SiCore battery demand and new contracts. Gross margin improved despite non-recurring costs, and over $20M in new contracts are expected to be recognized by May 2025.
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Silicon anode battery technology delivers double the energy density of current market leaders, enabling rapid charging, significant size and weight reductions, and broad application across aviation, micromobility, and military sectors. Manufacturing capacity is scaling rapidly, with strong commercial traction and a robust product roadmap.
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Q2 saw doubled revenue year-over-year, driven by new product launches, expanded manufacturing, and a growing global customer base. Gross margin remained negative due to facility investments, but cash position improved with successful warrant exercises. Significant milestones are expected in the second half of 2024.