secwatch.observer — SEC 8-K summary
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Issuer:     Amprius Technologies, Inc. (AMPX)
CIK:        0001899287
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001899287-23-000069
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1899287/000189928723000069/0001899287-23-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1899287/000189928723000069/ampx-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001899287-23-000069

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