Amprius Technologies, Inc. (AMPX) SEC Filings & Earnings Calls

Redacted terms limit visibility into financial impact.

“Certain portions of this exhibit have been omitted pursuant to Item 601(b)(10)(iv) of Regulation S-K.”

Increased lease obligation.

“$10.5M future lease payments.”

Operating Cash Flow Negative

“Net cash used in operating activities increased to $40.1 million during the six months ended June 30, 2026 from $18.4 million during the same period last year primarily due to the $20.0 million lease termination payment for our Brighton, Colorado facility” · word for word

Supply Chain Disruption

“For example, recent regulatory developments in China have introduced new export controls on certain lithium-ion batteries, the materials used in their production, and related manufacturing equipment and technologies.” · word for word

Dependence on Contract Manufacturers

“Some of the challenges that we may encounter when we enter into a manufacturing supply arrangement include, among others, supply chain risks, risk of losing control over the manufacturing process of our SiCore batteries, which could lead to quality control issues, delay in production, increase in production costs, and non-compliance with our established stan”

Net loss still significant despite improvement; path to profitability depends on continued revenue growth and margin expansion.

“Net loss of $5.1M in Q2 2026, though improved from $6.4M YoY.”

Dependence on a few large customers for revenue growth; concentration risk.

“$24M order from one European drone developer and $100M+ agreement with Stark Future represent significant portions of revenue.”

Execution risk on capacity expansion and contract manufacturing ramp.

“Expanding contract manufacturing network in South Korea and pilot line in Fremont.”

Dilution risk from issuance of 7.1 million new shares via warrant exchange.

“Issuance by the Company of the Exchange Shares in exchange for the surrender and cancellation of the Exchange Public Warrants.” · word for word

Contract Manufacturing Quality/IP Risk

“Some of the challenges that we may encounter when we enter into a manufacturing supply arrangement include, among others, supply chain risks, risk of losing control over the manufacturing process of our SiCore batteries, which could lead to quality control issues, delay in production, increase in production costs, and non-compliance with our established stan” · word for word

Tariff/Trade Policy Risk

“In addition, we face risks related to significant changes in the United States’ trade policy, such as the imposition or plan to impose significant tariffs on certain product categories imported from China and other countries.” · word for word

Geopolitical Conflict Demand Risk

“While there is risk that a cessation of hostilities could curb demand for our products, due to a decrease of the need for combat zone drones, it is also possible that a cessation of hostilities could result in increased demand for our batteries for use in proactive defense, peace keeping or reconstruction efforts.” · word for word

Cash Burn / Liquidity Risk

“Net cash used in operating activities increased to $37.3 million during the three months ended March 31, 2026 from $14.1 million during the same period last year primarily due to the $20.0 million lease termination payment for our Brighton, Colorado facility, timing of cash received from our customers for the sale of SiCore batteries and paying our suppliers” · word for word

Dependence on defense and EV customer concentration; China EV customer introduces geopolitical risk.

“Announced a $21.0 million purchase order ... from a new premier electric mobility customer in China” · word for word

Related Party Transaction Dependency

“For the period from January 1, 2026 through March 31, 2026 and the years ended December 31, 2025 and 2024, aggregate purchases from Berzelius totaled approximately $10.4 million, $23.6 million and $10.3 million, respectively.” · word for word

Key Person / CEO Transition Risk

“Dr. Sun stepped down from his position as Chief Executive Officer, effective December 31, 2025, and assumed the position of Executive Advisor, effective January 1, 2026.” · word for word

Reliance on third-party manufacturers

“Our primary reliance on third parties to manufacture our batteries or battery materials subjects us to certain risks.” · word for word

History of losses and early-stage company

“We are an early-stage company with a history of financial losses and expect to incur significant expenses and continuing losses for the foreseeable future.” · word for word

Customer concentration

“For example, one customer during the year ended December 31, 2025 represented $27.1 million of our revenue.” · word for word

Supply chain disruption from China export controls

“Recent regulatory developments in China have introduced new export controls on certain lithium-ion batteries, the materials used in their production, and related manufacturing equipment and technologies.” · word for word

NDAA compliance risk

“Pursuant to our program with the Defense Innovation Unit (DIU), we are required to source or qualify individual lithium-ion battery components from National Defense Authorization Act (NDAA) compliant suppliers. We may not be successful in sourcing such components or identifying compliant suppliers who can meet our technical specifications and cost targets.” · word for word

One-time impairment charge of $22.5M related to Colorado facility and asset write-downs indicates potential operational inefficiencies or overinvestment.

“Results reflect a fourth quarter 2025 charge of $22.5 million reflecting the impairment of assets linked to a facility in Colorado, discussed below, along with other one-time fixed asset write-downs.” · word for word

Dependence on defense contracts (DIU) and NDAA compliance introduces regulatory and concentration risk.

“Added $2.8 million to Amprius' existing agreement with the Defense Innovation Unit (DIU)... The DIU views secure supply chains for battery technology suitable for defense applications as strategically important.” · word for word

Lease termination indicates potential financial distress or strategic shift, with $20M cash outflow.

“Termination of a 15-year lease shortly after signing, with a $20M termination fee.”

Dilution from equity offering may pressure existing shareholders.

“25.5 million shares issued, representing significant dilution.”

CEO transition may introduce execution risk during leadership change, though orderly and non-disagreement-based.

“Dr. Sun's decision to step down is not the result of any disagreement regarding any matter relating to the Company's operations, policies or practices.” · word for word

Manufacturing scale-up failure

“We may not succeed in developing new high-volume manufacturing lines that meet our requirements for cell quality, yield, throughput and other performance metrics.” · word for word

Supplier concentration and tariff exposure

“Our reliance on third parties to manufacture certain of our batteries or battery materials subjects us to certain risks.” · word for word

Going concern / capital needs

“We may require additional capital to support business growth, and this capital might not be available on commercially reasonable terms or at all.” · word for word

Tariff and government shutdown uncertainty could impact international revenue and customer orders.

“uncertainty driven by U.S. tariffs and customer delays related to the U.S. government shutdown” · word for word

LEV segment revenue lumpy due to customer product introduction cycles.

“LEV sector... remains healthy but has a lumpier profile due to our customers’ varying product introduction cycles”