Amprius Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 04:08 pm EST
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Amprius Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 2.8 million compared to USD 0.816 million a year ago. Net loss was USD 8.49 million compared to USD 4.24 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.06 a year ago.
For the nine months, sales was USD 5.11 million compared to USD 3.62 million a year ago. Net loss was USD 27.04 million compared to USD 11.28 million a year ago. Basic loss per share from continuing operations was USD 0.32 compared to USD 0.17 a year ago.
Amprius Technologies, Inc. is a manufacturer of high-energy and high-power lithium-ion batteries. The Company's commercially available SiMaxx batteries deliver up to 450 Wh/kg and 1,150 Wh/L, with third party validation of 500Wh/kg and 1,300 Wh/L. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites. It offers high performance silicon anode batteries under the product platforms, such as SiMaxx and SiCore. Its SiMaxx high energy battery cells are designed to maximize specific energy for applications with low power requirements. It designed its SiMaxx balanced energy/power battery cells for applications that require a balance between power and energy. Its SiCore battery cells are based on a silicon anode material system delivering high-energy-density silicon anode batteries. The Company is also developing an electric vehicle (EV)-capable cell.