With the business potentially at an important milestone, we thought we'd take a closer look at Amprius Technologies, Inc.'s (NYSE:AMPX) future prospects. Amprius Technologies, Inc. produces and sells ultra-high energy density lithium-ion batteries for mobility applications. On 31 December 2023, the US$204m market-cap company posted a loss of US$37m for its most recent financial year. As path to profitability is the topic on Amprius Technologies' investors mind, we've decided to gauge market sentiment. In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable.

See our latest analysis for Amprius Technologies

Amprius Technologies is bordering on breakeven, according to the 7 American Electrical analysts. They anticipate the company to incur a final loss in 2025, before generating positive profits of US$19m in 2026. The company is therefore projected to breakeven around 2 years from now. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 44% is expected, which is extremely buoyant. If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict.

Given this is a high-level overview, we won’t go into details of Amprius Technologies' upcoming projects, though, bear in mind that by and large a high forecast growth rate is not unusual for a company that is currently undergoing an investment period.

Before we wrap up, there’s one aspect worth mentioning. Amprius Technologies currently has no debt on its balance sheet, which is quite unusual for a cash-burning growth company, which typically has high debt relative to its equity. The company currently operates purely off its shareholder funding and has no debt obligation, reducing concerns around repayments and making it a less risky investment.

Next Steps:

There are too many aspects of Amprius Technologies to cover in one brief article, but the key fundamentals for the company can all be found in one place – Amprius Technologies' company page on Simply Wall St. We've also put together a list of essential aspects you should further research:

1. Historical Track Record: What has Amprius Technologies' performance been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.

2. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Amprius Technologies' board and the CEO’s background.

3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.