Amprius Technologies: U.S. Drone Dominance Will Help, But It Has Many Attractive End Markets

Summary Amprius Technologies is rapidly scaling its silicon-anode battery business, with SiCore driving 98% of Q2 revenue and strong European drone demand. AMPX achieved 126% y/y revenue growth and 1,800 bps gross margin expansion to 27%, with adjusted EBITDA nearing break-even and a robust $74.5m cash position. A key near-term growth lever is defense drone demand, especially in Europe; U.S. market entry hinges on NDAA-compliant domestic production targeted for 2027. Diversification into electric motorcycles and other commercial markets is underway, but customer concentration and geopolitical supply risks remain material. Buena Vista Images/DigitalVision via Getty Images I wanted to take a look at one of my newer positions in my portfolio, now that its share price has halved for seemingly no reason in the past 6 months. The company in question This article was written by Gytis Zizys 4.87K Followers Follow MSc in Finance. Long-term horizon investor mostly with 2-5 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time. Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMPX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.