Amprius Technologies, Inc. (NYSE:AMPX): Are Analysts Optimistic?

We feel now is a pretty good time to analyse Amprius Technologies, Inc.'s (NYSE:AMPX) business as it appears the company may be on the cusp of a considerable accomplishment. Amprius Technologies, Inc. produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The US$138m market-cap company posted a loss in its most recent financial year of US$37m and a latest trailing-twelve-month loss of US$38m leading to an even wider gap between loss and breakeven. The most pressing concern for investors is Amprius Technologies' path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts’ expectations for the company.

See our latest analysis for Amprius Technologies

Consensus from 7 of the American Electrical analysts is that Amprius Technologies is on the verge of breakeven. They anticipate the company to incur a final loss in 2025, before generating positive profits of US$5.2m in 2026. The company is therefore projected to breakeven around 2 years from now. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 47% is expected, which is extremely buoyant. Should the business grow at a slower rate, it will become profitable at a later date than expected.

Underlying developments driving Amprius Technologies' growth isn’t the focus of this broad overview, however, take into account that typically a high growth rate is not out of the ordinary, particularly when a company is in a period of investment.

One thing we’d like to point out is that Amprius Technologies has no debt on its balance sheet, which is quite unusual for a cash-burning growth company, which usually has a high level of debt relative to its equity. The company currently operates purely off its shareholder funding and has no debt obligation, reducing concerns around repayments and making it a less risky investment.

Next Steps:

There are too many aspects of Amprius Technologies to cover in one brief article, but the key fundamentals for the company can all be found in one place – Amprius Technologies' company page on Simply Wall St. We've also compiled a list of key factors you should look at:

1. Historical Track Record: What has Amprius Technologies' performance been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
2. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Amprius Technologies' board and the CEO’s background.
3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.