FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Amprius Technologies Inc. (AMPX) on Thursday reported a loss of $11.4 million in its fourth quarter.
The Fremont, California-based company said it had a loss of 10 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The battery maker posted revenue of $10.6 million in the period.
For the year, the company reported that its loss widened to $44.7 million, or 45 cents per share. Revenue was reported as $24.2 million.
In the final minutes of trading on Thursday, the company’s shares hit $2.31. A year ago, they were trading at $2.91.
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