Amprius: Fourth Quarter Financial Overview

Amprius Technologies Reports Fourth Quarter Financial Results

Amprius Technologies Inc., based in Fremont, California, announced a net loss of $24.4 million for the fourth quarter.

The company reported a per-share loss of 18 cents, which, after adjusting for asset impairment charges, amounted to a loss of just 1 cent per share.

These figures surpassed analyst expectations, as a consensus of six analysts polled by Zacks Investment Research had anticipated a loss of 4 cents per share.

The battery manufacturer generated $25.2 million in revenue during the quarter, outperforming the $23.1 million forecasted by analysts surveyed by Zacks.

For the full year, Amprius narrowed its loss to $44 million, or 35 cents per share, with total revenue reaching $73 million.

Looking ahead, the company projects a full-year loss of 6 cents per share and expects revenue to climb to $125 million.

Since the start of the year, Amprius shares have surged by 59%. By the close of trading on Wednesday, the stock price reached $12.55, marking a fivefold increase over the past year.

This article was produced by Automated Insights using data supplied by Zacks Investment Research. For further details, see the Zacks stock report on AMPX.