SES AI Corporation announced its fourth quarter and full year 2024 business results on February 25, 2025, reporting its first-ever revenue of $2.0 million for Q4 2024. This marks a significant milestone in the company's transition to a commercialized entity.
The company provided initial full year 2025 revenue guidance in the range of $15 million to $25 million, based on existing contracts and new opportunities in Battery Energy Storage Systems (BESS). This guidance reflects confidence in its diversified revenue streams from EV, drones/robotics, and BESS.
SES AI also highlighted the unveiling of a new AI-enhanced 2170 cylindrical cell, which opens markets in humanoid robotics and expands existing Li-Metal and Li-ion applications. The company maintains a strong balance sheet, projecting liquidity to extend into 2028, supporting its commercialization plans.
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