Amprius Technologies Inc. (AMPX) is a leading technology and manufacturing company that specializes in the development of advanced lithium-ion batteries. The company, headquartered in Fremont, California, was founded in 2008 and is primarily focused on the production of high energy and long-lasting lithium-ion batteries using breakthrough technology.
Amprius Technologies prides itself on its proprietary silicon nanowire battery technology, which they believe holds the key to creating batteries with longer life, higher capacity, and greater energy density. The use of silicon nanowire anodes, instead of traditional graphite, allows the batteries to hold more lithium ions, thereby leading to a longer battery life. These features make AMPX batteries perfect for a wide range of applications, including electric vehicles, consumer electronics, and energy storage systems, each of which demands higher energy and longer run-times.
The company's mission is driven by a commitment to address the worldwide need for cleaner energy and curb greenhouse gas emissions. Their advanced battery technology contributes to the widespread adoption of renewable energy sources by enabling better energy storage solutions, key to making renewable energy more reliable and accessible.
Amprius Technologies Inc. has positioned itself at the forefront of the battery industry by partnering with several global leaders in electronics and automotive industries. With continuous research and development investments, AMPX seeks to remain a world leader in lithium-ion battery technology. Their research and innovation are not only contributing to solving the energy challenges facing the world today, but are also revolutionizing the future of the battery industry.
AMPX's emphasis on technology and innovation has garnered them recognition within the industry. They hold an extensive portfolio of patents that covers a wide range of technology areas. This ensures they have exclusive rights to use and license their inventions, trademarked innovations, and designs related to the battery technology.
The company is guided by a team of seasoned executives and a strong technical team consisting of world-renowned scientists and engineers who have extensive experience in battery technology. The team's collective knowledge and expertise have been instrumental in driving the company's progress and key to its success in its industry.
Amprius Technologies Inc. is known for its relentless pursuit of innovation and commitment to develop sustainable solutions. These factors have made AMPX a pioneer in the field of lithium-ion batteries, showing promise for the future of energy storage and green technology.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
Amprius Technologies is aggressively expanding its silicon-anode battery business, with its SiCore batteries making up 98% of Q2 revenue, driven by strong European drone demand. The company achieved 126% year-over-year revenue growth and improved gross margins to 27%, while also maintaining a strong cash position of $74.5 million. Although defense drone demand is a significant near-term growth driver, especially in Europe, Amprius is also diversifying into electric motorcycles and other commercial sectors, with U.S. market entry for defense applications pending NDAA compliance and domestic production targeted for 2027.
Amprius Technologies has introduced its new SiCore 500 battery cell, designed to achieve an energy density of 500 Wh/kg using conventional lithium-ion manufacturing equipment. This advancement targets long-endurance aviation applications like fixed-wing drones and HAPS, allowing for extended flight durations and increased payload capacity. The company emphasizes the scalability and cost-effectiveness of this new platform, marking its first commercially viable 500 Wh/kg battery on standard infrastructure.
Amprius Technologies announced its second-generation SiCore battery platform, a 500-Wh/kg silicon-anode lithium-ion cell designed for uncrewed electric aviation systems. This technology, expected to be commercially available in Q4 2026, could enable long-endurance solar-powered aircraft for communications, potentially challenging the market currently targeted by SpaceX's LEO satellites. The key innovation is achieving high energy density with compatibility for conventional lithium-ion manufacturing processes, making it scalable for production.
Amprius Technologies Inc (AMPX) saw its stock rise 3.2% to $10.18, and GuruFocus assesses it as undervalued with a GF Value™ of $16.85, indicating a 39.6% upside potential. Despite an "Above Average" GF Score™ of 79/100 driven by strong growth prospects (10/10), the company faces profitability challenges (3/10) and significant insider selling ($84.4M in the last 12 months with no buying activity). Investors are cautioned about the "value trap" possibility due to its unprofitability and negative cash flow, advising careful consideration of both growth potential and inherent risks.