SES AI reports Q4 revenue $2.0M, first-ever; guides 2025 rev $15M-$25M

SES AI Corp

2024-FY EPS reported -$0.31 revenue$2,040,000

Q4 revenue $2.0M, 63% gross margin; full-year net loss $100.2M, EPS -$0.31.
Signed up to $10M in contracts with two OEMs for AI-enhanced Li-Metal and Li-ion EV batteries.
Unveiled AI-enhanced 2170 cylindrical cell for humanoid robotics; MOU with AISPEX for up to 100 MWh BESS (~$45M).
FY2024 cash usage $78.3M (below $80-95M guidance); liquidity $262.5M extends into H2 2028.
2025 revenue guidance $15-25M; cash usage guidance $70-80M; capex-light model.

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