Amprius Technologies Reports Preliminary Q3 2024 Financial Results; Sees Q3 EPS ~$(0.10)-$(0.11), Revenue $7.6M-$7.9M; Net Loss Of ~$10.8M-$11.8M
Portfolio Pulse from Benzinga Newsdesk
Amprius Technologies announced its preliminary Q3 2024 financial results, expecting a net loss of $10.8M-$11.8M and revenue of $7.6M-$7.9M. The company anticipates a loss per share of $0.10-$0.11, with $35M in cash and no debt.
October 29, 2024 | 12:36 pm
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Amprius Technologies expects a Q3 2024 net loss of $10.8M-$11.8M and revenue of $7.6M-$7.9M, with a loss per share of $0.10-$0.11. The company holds $35M in cash and no debt.
The preliminary financial results indicate a net loss and negative EPS, which are typically viewed negatively by investors. However, the company's strong cash position and lack of debt may mitigate some concerns. Overall, the short-term impact on the stock price is likely negative.
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