Amprius Technologies Inc (NYSE:AMPX) shares are trading higher on Thursday after the company reported fourth‑quarter results.
- Amprius Technologies stock is among today’s top performers. Why are AMPX shares rallying?
Amprius Reports 137% Revenue Growth
Amprius posted a quarterly loss of 18 cents per share, far wider than the expected 4 cents loss and deeper than the 8 cents loss reported a year earlier. Revenue, however, told a very different story. Sales reached $25.23 million, beating expectations and rising 137% year-over-year.
The sharp earnings miss was caused by $22.5 million in impairment charges tied to a Colorado facility and other fixed‑asset write‑downs. Without those one‑time items, the company’s net loss would have been just $1.9 million, or 1 cent per share, which appears …