Amprius Technologies reported total revenue of $11.3 million for the first quarter ended March 31, 2025, on May 8, 2025, marking a 383% increase from the same period last year and a 6% sequential increase from Q4 2024. Product revenue, primarily from SiCore shipments, reached $11.0 million, representing a 370% year-over-year increase. The company shipped batteries to 102 customers, including 46 new customers.
The gross margin for the quarter was negative 21%, consistent with Q4 2024, indicating that the company is still in a phase of scaling production and managing costs. Operating expenses decreased sequentially to $7.3 million, a 23% reduction from Q4 2024, but increased 24% year-over-year due to investments in sales and R&D. The GAAP net loss for the quarter was $9.4 million, or $0.08 per share.
As of March 31, 2025, Amprius held $48.4 million in net cash and no debt. The company added $34.5 million in new customer purchase orders to its backlog during the quarter. Approximately 83% of revenue came from outside the United States, demonstrating global customer diversification. Amprius also confirmed no plans to proceed with the Colorado facility construction at this time, opting to leverage its contract manufacturing network.
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