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Amprius Technologies (AMPX) investor relations material
Amprius Technologies Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record Q3 2025 revenue of $21.4 million, up 42% sequentially and 173% year-over-year, driven by new and repeat customers in electric aerospace, light electric vehicles, and strong SiCore battery sales.
Net loss narrowed to $3.9 million for Q3 2025 from $10.9 million in Q3 2024, reflecting improved gross profit and higher sales volume.
Shipped batteries to 159 end customers, including 80 new customers, expanding the total customer base to 444 since Q1 2023.
Secured a $35 million follow-on purchase order from a leading UAS manufacturer and deepened relationships with key partners like AeroVironment and Nordic Wing.
Expanded manufacturing capacity in Fremont, CA, and delivered high-energy SiCore cells to major drone and UAV customers.
Financial highlights
Q3 2025 revenue reached $21.4 million, a 42% increase from Q2 and 2.7x higher than Q3 2023; nine-month revenue was $47.8 million.
Gross margin improved to 15% in Q3 2025 from 9% in Q2 and -65% in Q3 2024, mainly due to favorable product mix and higher CyCore sales.
Operating loss narrowed to $4.7 million, down over 30% quarter-over-quarter; net loss was $3.9 million (negative $0.03 per share).
Adjusted EBITDA loss reduced to $1.4 million from $3.8 million in Q2, improved by over 60% quarter-over-quarter.
Ended Q3 with $73.2 million in cash and no debt; $53.3 million in backlog, up 83% quarter-over-quarter.
Outlook and guidance
Expect continued growth in defense and public safety markets, with strong pipeline and increasing repeat orders.
Strategic investments underway to diversify supply chain and expand Fremont manufacturing, supported by a $12 million DIU contract.
Management expects continued investment in R&D and manufacturing expansion, with additional losses anticipated as the business scales.
Current revenue levels and slight improvements could lead to cash consumption mainly for working capital, with path to EBITDA and cash flow break-even dependent on incremental revenue.
Construction of the Brighton, Colorado GWh-scale facility is contingent on funding and market conditions.
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