AMPRIUS TECHNOLOGIES Reports Q2 FY2023 Earnings Results on August 11 2023
August 21, 2023
🌥️Earnings Overview
AMPRIUS TECHNOLOGIES ($NYSE:AMPX) reported its earnings results for the second quarter of FY2023 (ending June 30 2023) on August 11 2023. The company’s total revenue for the quarter was USD 1.6 million, a 136.2% increase from the same period in the previous year. Net income for the period showed a decrease to USD -9.4 million, compared to -4.2 million in the same quarter of the previous year.
Price History
On Friday, the company’s stock opened at $6.5 and closed at $6.0, a drop of 8.9% from its prior closing price of $6.6. This is the fifth consecutive quarter where AMPRIUS TECHNOLOGIES‘ stock has experienced a significant decline. In an effort to counteract this trend, AMPRIUS TECHNOLOGIES has sought to strengthen its competitive position by investing in research and development. This includes expanding its product lines to better serve its customers and investing in new technology to improve efficiency and reduce production costs. Additionally, the company has taken steps to reduce expenses, such as cutting staff in non-essential positions and reducing marketing budgets.
However, the company is optimistic that it can rebound from this setback and return to profitability in the near future. AMPRIUS TECHNOLOGIES’ Q2 FY2023 earnings report demonstrates the company’s resilience in the face of difficult circumstances. The company remains committed to investing in its future growth and profitability, and investors should be encouraged by these efforts. Going forward, AMPRIUS TECHNOLOGIES will continue to pursue strategies that strengthen its competitive position and reduce costs so that it can maximize profits in the long run. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Amprius Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 3.92 | -28.85 | -736.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Amprius Technologies. More…
| Operations | Investing | Financing |
| -20.46 | -4.16 | 84.11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Amprius Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 86.64 | 19.95 | 0.78 |
Key Ratios Snapshot
Some of the financial key ratios for Amprius Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -786.0% |
| FCF Margin | ROE | ROA |
| -628.2% | -28.8% | -22.2% |
Analysis
At GoodWhale, we have taken the time to analyze AMPRIUS TECHNOLOGIES‘s financials and have concluded that they are a low risk investment. We have evaluated the business and financial aspects of this company and have given them a Risk Rating of low. This means that the potential rewards outweigh the risks of investing in AMPRIUS TECHNOLOGIES. If you’re interested in learning more about these risks, we invite you to register with us. By doing so, you can have access to our assessment of the potential risks associated with this company. We strive to provide our customers with the best and most accurate analysis of any company’s financials. Our goal is to help you make informed and wise decisions when it comes to your investments. More…
Peers
Amprius Technologies Inc is in a highly competitive marketplace, facing stiff competition from other leading companies such as FREYR Battery, Flux Power Holdings Inc, and Amte Power PLC. These companies all specialize in the development of advanced energy storage technologies and have a common goal of providing the best products and services to their respective customers. Despite the intense rivalry between them, all of these companies are working towards the same ultimate goal of advancing the technology that powers the world.
– FREYR Battery ($NYSE:FREY)
FREYR Battery is an energy storage and mobility solutions provider based in Norway. It offers energy storage systems, energy management software, and e-mobility solutions to customers. The company has a market capitalization of 1.08 billion as of 2023, which makes it a relatively large company in the industry. The Return on Equity of -13.4% shows that the company is struggling to generate profits and return of investments for its shareholders. Despite this, FREYR Battery has been able to expand its operations and increase its customer base in recent years.
– Flux Power Holdings Inc ($NASDAQ:FLUX)
Flux Power Holdings Inc is a technology-driven designer and manufacturer of advanced lithium batteries for industrial applications. The company provides its solutions across a variety of industries such as fleet, material handling and other commercial markets. As of 2023, the company has a market capitalization of 69.09 million dollars. This implies that the company is large enough to attract investments from the public and institutional investors. The company has a Return on Equity (ROE) of -52.06%, which means that the company is not generating profits to the shareholders on their investments. This is likely due to the fact that the company is still in its growth stage and has yet to achieve profitability.
– Amte Power PLC ($LSE:AMTE)
Amte Power PLC is a British-based power company that provides clean energy solutions to businesses and households in the UK. With a market cap of 19.62M as of 2023, it has grown significantly since its inception, demonstrating the confidence the public has in the company. Its Return on Equity of -65.77% is an indication of how much the company has been able to leverage its assets to generate profit. Amte Power PLC focuses on providing green energy solutions to households and businesses, helping to reduce their carbon footprint and reduce their energy costs.
Summary
AMPRIUS TECHNOLOGIES reported strong second quarter earnings for FY2023, with total revenue increasing by 136.2% from the same period last year. However, the company’s net income was reported at USD -9.4 million compared to -4.2 million in the same quarter of the previous year. Despite the strong revenue increase, investors were discouraged by the weak net income and consequently the stock price moved down on August 11 2023. Going forward, investors should monitor the company’s earnings closely and assess whether any improvements in net income can be made in order to drive the stock price higher.
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