Amprius Technologies reports Q4 EPS (11c), consensus (11c)

Reports Q4 revenue $3.9M, consensus $2.7M. The company states: “Total revenue in the fourth quarter was $3.9 million, a $3.1 million increase compared to $0.8 million in the same quarter last year and up $1.1 million sequentially. This increase was driven by increases in product and development services revenue, partially offset by a decrease in government grant revenue. Amprius continues to show consistent new customer growth and customer diversification… We expect to spend another $2 million to $3 million this year completing the new cathode line and other support equipment for the MWh line in Fremont. As detailed design work on our facility in Brighton is finalized and construction gets underway, we expect to finalize our construction cost forecast for that project and will provide updates as the year goes on. As part of our ongoing strategic planning efforts, we filed a shelf registration statement on Form S-3 in October 2023 and, once effective, established a new ATM facility for $100 million. We have terminated the committed equity facility concurrent with the effectiveness of the shelf registration statement. Subsequent to December 31, 2023, we have raisedgross proceeds of about $6.5 million through the sale of approximately 2.0 million shares under the ATM facility as of March 18, 2024.”