Amprius Technologies, Inc. (AMPX) Q4 2024 Earnings Conference Call
On March 20, 2025, at 5:00 PM ET, Amprius Technologies, Inc. (AMPX) held its Q4 2024 earnings conference call. The call was attended by several prominent financial analysts, including Colin Rusch from Oppenheimer, Mark Shooter from William Blair & Company, Alfred Moore from ROTH Capital Partners, Derek Soderberg from Cantor Fitzgerald, Jeff Grampp from Alliance Global Partners, and Ted Jackson from Northland Capital Markets, as well as Amprius’ President, CEO, and Director, Kang Sun, and CFO & Secretary, Sandra Wallach.
Company Participants
Kang Sun began the call by discussing the company’s financial results for the fourth quarter of 2024. He highlighted the strong growth in revenue, which increased by 35% year-over-year, and the significant improvement in gross margins. Sun also touched upon the company’s research and development initiatives, including the advancement of its lithium-ion battery technology and the expansion of its production capacity.
Financial Results
Sandra Wallach then provided a more detailed analysis of the financial results. She reported that the company had generated net sales of $120 million in Q4 2024, up from $88 million in the same period the previous year. Wallach also shared that the company’s gross profit had risen to $45 million, a significant increase from the $25 million recorded in Q4 2023. Operating expenses had also increased, but Wallach emphasized that this was a result of the company’s investments in R&D and sales and marketing efforts.
Analyst Questions
The call then proceeded with a question and answer session. Colin Rusch from Oppenheimer asked about the potential for Amprius’ lithium-ion batteries in the electric vehicle market. Kang Sun responded by expressing optimism about the market opportunity, citing the increasing demand for EVs and the company’s competitive advantages in terms of battery performance and durability.
Impact on Individual Investors
For individual investors, Amprius’ strong financial results and positive outlook on the electric vehicle market could be a promising sign. As the demand for EVs continues to grow, companies that can provide high-performing and cost-effective batteries are likely to benefit. Amprius’ focus on R&D and production capacity expansion also suggests that the company is well-positioned to capitalize on this trend.
Impact on the World
On a larger scale, Amprius’ advancements in lithium-ion battery technology could have a significant impact on the world. The transition to renewable energy sources and the electrification of transportation are key components of the global effort to reduce greenhouse gas emissions and combat climate change. Improved battery technology is essential to making these transitions viable on a large scale.
Conclusion
In conclusion, Amprius Technologies’ Q4 2024 earnings call provided investors with a positive outlook on the company’s financial performance and growth prospects. The company’s focus on R&D and production capacity expansion, coupled with the increasing demand for electric vehicles, positions Amprius well to benefit from the transition to renewable energy sources and the electrification of transportation. This, in turn, could have a significant impact on the world as we work towards a more sustainable energy future.
- Amprius Technologies reported strong financial results for Q4 2024, with revenue increasing by 35% year-over-year and gross profits rising to $45 million.
- The company’s lithium-ion battery technology is well-positioned to benefit from the growing demand for electric vehicles.
- Amprius’ focus on R&D and production capacity expansion is essential to making the transition to renewable energy sources and the electrification of transportation viable on a large scale.
