FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Amprius Technologies Inc. (AMPX) on Wednesday reported a loss of $24.4 million in its fourth quarter.
The Fremont, California-based company said it had a loss of 18 cents per share. Losses, adjusted for asset impairment costs, were 1 cent per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The battery maker posted revenue of $25.2 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $23.1 million.
For the year, the company reported that its loss narrowed to $44 million, or 35 cents per share. Revenue was reported as $73 million.
Amprius expects a full-year loss of 6 cents per share, with revenue expected to be $125 million.
Amprius shares have increased 59% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.55, increasing fivefold in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMPX at https://www.zacks.com/ap/AMPX
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