Amprius Q1 revenue falls 67% to $0.7M; announces merger with controlling stockholder

Amprius Technologies, Inc.

2023-Q1 EPS reported -$0.11 revenue$679,000

Revenue $0.7M (down 67% YoY); net loss $9.1M ($0.11 EPS) vs $2.9M loss in Q1 2022.
Gross margin worsened to -504% due to $1.4M broker charge & $0.3M start-up costs.
Shipped to 19 customers; expanded AeroVironment contract for Switchblade 300 Block 20.
Merger agreement with 77% stockholder Amprius, Inc. to eliminate controlling stockholder; special meeting Q3 2023.
Capacity expansion: leased 25,000 sq ft Fremont for 2 MWh line by end-2023; leased 775k sq ft Brighton, CO for up to 5 GWh.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Amprius Technologies, Inc. reported financial results for first fiscal quarter ended March 31, 2023.

Period: first fiscal quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 10, 2023, Amprius Technologies, Inc. (the “Company”) announced its business and financial results for its first fiscal quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001899287-23-000069

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