Quarterly ResultMay 7, 2026, 04:57 PM
Amprius Q1 Revenue Jumps to $28.5M; Net Loss Narrows to $5.0M
AI Summary
Amprius Technologies reported a significant increase in revenue for the first quarter of 2026, reaching $28.5 million, up from $11.3 million in the prior year. The company also achieved a gross profit of $5.7 million, a substantial improvement from a gross loss of $2.4 million in Q1 2025, and narrowed its net loss to $5.0 million from $9.4 million. Despite continued losses and negative operating cash flow, Amprius established a new subsidiary in China and secured a U.S. government grant, while maintaining sufficient cash for the next twelve months.
Key Highlights
- Revenue increased to $28.5 million in Q1 2026 from $11.3 million in Q1 2025.
- Gross profit reached $5.7 million in Q1 2026, compared to a $2.4 million loss in Q1 2025.
- Net loss narrowed to $5.0 million in Q1 2026 from $9.4 million in Q1 2025.
- Basic and diluted net loss per share improved to $(0.04) from $(0.08) year-over-year.
- Cash and cash equivalents stood at $62.4 million as of March 31, 2026.
- Net cash used in operating activities was $(37.3) million in Q1 2026.
- EMEA revenue was $16.5 million, including $10.0 million from Ukraine.
- Remaining performance obligations totaled $46.1 million as of March 31, 2026.
Price Impact
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