Company Overview
Amprius Technologies, Inc. operates within the Electrical Equipment & Parts industry, specifically focusing on the development, manufacturing, and marketing of lithium-ion batteries designed for mobility applications. The company distinguishes its product offerings through specialized silicon anode lithium-ion batteries available under the SiCore and SiMaxx product platforms, which are primarily utilized in existing and emerging aviation applications. As a public entity, the company holds a market capitalization of $2.37B and employs a workforce of 97 individuals to execute its business strategy. With annual revenue reaching $73.01M, the company's valuation indicates that the market assigns a significant premium to its technology, suggesting high expectations for future scalability despite the current size of its operations. The disparity between the substantial market capitalization and the relatively modest annual revenue highlights the market's forward-looking assessment of the firm's potential in the specialized battery sector rather than a reflection of current earnings generation.
Financial Health
The company reported revenue of $73.01M for the trailing twelve months, while net income stood at -$44,024,000 and EBITDA was -$19,756,000, revealing a cost structure where expenses significantly outpace top-line generation. The gap between the positive revenue figure and the substantial net loss illustrates that operating costs, including research and development and manufacturing overhead, are currently consuming the majority of generated sales dollars. Free cash flow for the period was -$30,754,250, indicating that the company is burning cash through its operations and capital expenditures, which limits immediate financial flexibility without external funding. Gross margin stands at 11.3%, operating margin is -11.7%, and profit margin is -60.3%; these figures collectively demonstrate that while the company generates revenue, it struggles to cover its direct and indirect costs, resulting in significant losses at both the operational and net levels. On the balance sheet, the company holds $90.47M in cash against $39.87M in debt, resulting in a debt-to-equity ratio of 38.41, which suggests a leveraged position where cash reserves currently exceed total debt obligations. The current ratio is reported at 7.08, a metric that indicates the company possesses a very strong ability to meet its short-term liabilities with its short-term assets. Return on Equity is -50.8% and Return on Assets is -10.8%, metrics that reveal management has not yet achieved profitability, as the firm is destroying equity value and failing to generate returns on the asset base deployed.
Valuation Assessment
The trailing twelve-month P/E ratio is listed as N/A due to the lack of net income, whereas the forward P/E is calculated at 176.13, implying that the market is pricing the stock based on anticipated future earnings rather than current performance. The price-to-book ratio is 23.58, a figure that indicates the market is valuing the company at a massive premium over its net asset value, reflecting high confidence in the intangible value of its proprietary battery technology. Additionally, the price-to-sales ratio is 32.53 and the EV/EBITDA is -123.67; these alternative metrics suggest that traditional earnings-based valuation models are insufficient, and investors are relying heavily on sales growth and strategic positioning to justify the current share price. The stock has exhibited extreme volatility, with a 52-week high of $19.76 and a 52-week low of $1.97, creating a trading range where the current price sits significantly below the recent peak but well above the bottom of the range. The beta value is 3.07, which means the stock is expected to be approximately three times more volatile than the broader market, resulting in amplified price swings during periods of market uncertainty.
Growth & Income
Revenue growth year-over-year is 137.4%, while earnings growth is N/A, indicating that the company is experiencing rapid expansion in top-line sales but has not yet achieved profitable scaling to match that revenue trajectory. Because the company has no dividend yield and a payout ratio of 0.0%, it does not distribute earnings to shareholders, as it must reinvest all available capital into research, development, and production to sustain its high revenue growth. The absence of a dividend payout ratio confirms that the company is in a growth phase where capital retention is prioritized over shareholder income distributions to fund operations and expansion. Overall, the growth and income profile is characterized by aggressive revenue expansion coupled with significant losses and no dividend payments, presenting a high-risk, high-reward scenario typical of early-stage technology firms in the battery sector.