In This Article:
Amprius Technologies (NYSE:AMPX) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$3.35m (up 105% from 2Q 2023).
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Net loss: US$12.5m (loss widened by 33% from 2Q 2023).
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US$0.13 loss per share (further deteriorated from US$0.11 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Amprius Technologies Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 32%. Earnings per share (EPS) missed analyst estimates by 23%.
Looking ahead, revenue is forecast to grow 53% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Electrical industry in the US.
Performance of the American Electrical industry.
The company's shares are down 12% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 5 warning signs for Amprius Technologies (1 is concerning!) that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.