FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Amprius Technologies Inc. (AMPX) on Wednesday reported a loss of $5 million in its first quarter.
On a per-share basis, the Fremont, California-based company said it had a loss of 4 cents.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The battery maker posted revenue of $28.5 million in the period, surpassing Street forecasts. Six analysts surveyed by Zacks expected $25.7 million.
Amprius expects full-year revenue of $130 million.
Amprius shares have nearly tripled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.19, climbing ninefold in the last 12 months.
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