SES AI Reports Q4 2024 Results and Projects Accelerated Revenue Growth for 2025
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SES AI reports Q4 results (NYSE:SES)
SES AI press release (NYSE:SES): Q4 Reported $2.0 million in fourth quarter revenue; an accelerated revenue ramp is expected in 2025. FY 2024 cash usage in operations and Capex was $78.3M, below previous guidance of $80M to $95M FY 2025 revenue projected to be in a range of $15M to $25M. More on SES AI SES AI: Generational Buying Opportunity In The Battery Industry SES AI: Upgrading On Potential Commercial Success SES AI: The Surge Possibly Presents An Opportunity To Exit SES AI expects Q4 revenue in $1.5M-$2M range SES AI secures significant purchase order from Data Blanket to power AI-driven drones
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SES AI Corporation (SES) Q4 2024 Earnings Call Transcript
SES AI Corporation (NYSE:SES) Q4 2024 Earnings Conference Call February 25, 2025 5:00 PM ET Company Participants Kyle Pilkington - Chief Legal Officer Qichao Hu - Founder and Chief Executive Officer Jing Nealis - Chief Financial Officer Conference Call Participants Winnie Dong - Deutsche Bank Brian Gordon - Water Tower Research Mark Shooter - William Blair Operator Good afternoon. Thank you for attending today's SES AI Fourth Quarter 2024 Business and Financial Results. My name is Shana, and I'll be your moderator for today. [Operator Instructions] I'd now like to turn the conference over to our host, Kyle Pilkington. You may proceed. Kyle Pilkington Hello, everyone, and welcome to our conference call covering our fourth quarter and full year 2024 results. Joining me today are Qichao Hu, Founder and Chief Executive Officer; and Jing Nealis, Chief Financial Officer. We issued our shareholder letter just after 4:00 p.m. today, which provides a business update as well as our financial results. You'll find a press release with a link to our shareholder letter in today's conference call webcast in the Investor Relations section of our website at ses.ai. Before we get started, this is a reminder that the discussion today may contain forward-looking information or forward-looking statements within the meaning of applicable securities legislation. These statements are based on our predictions and expectations as of today. Such statements involve certain risks, assumptions and uncertainties, which may cause our actual or future results and performance to be materially different from those expressed or implied in these statements. The risks and uncertainties that could cause our results to differ materially from our current expectations include, but are not limited to, those detailed in our latest earnings release and in our SEC filings. This afternoon, we will review our business as well as the results for the quarter.
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SES AI, a battery technology company, reports Q4 2024 results with $2.0 million in revenue and projects significant growth for 2025. The company discusses its financial performance and future outlook in an earnings call.
SES AI Reports Strong Q4 2024 Performance
SES AI Corporation (NYSE:SES), a leading battery technology company, has reported its fourth quarter and full year 2024 results, showcasing promising growth and setting ambitious targets for the future. The company announced $2.0 million in revenue for the fourth quarter, aligning with their previously projected range of $1.5M to $2M
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.Financial Highlights and 2025 Projections
SES AI demonstrated fiscal discipline in 2024, with cash usage in operations and capital expenditures totaling $78.3 million, coming in below the previously guided range of $80M to $95M. This efficient cash management positions the company well for future growth
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.Looking ahead to 2025, SES AI has set an optimistic revenue projection of $15M to $25M, indicating a significant acceleration in their revenue ramp. This projection suggests growing market traction and increasing demand for their advanced battery technologies
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.Earnings Call Insights
During the Q4 2024 earnings call, key executives including Qichao Hu, Founder and CEO, and Jing Nealis, CFO, provided further context to the financial results and discussed the company's strategic direction
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.The call, moderated by Kyle Pilkington, Chief Legal Officer, also featured participation from financial analysts representing institutions such as Deutsche Bank, Water Tower Research, and William Blair. This level of analyst engagement underscores the growing interest in SES AI's potential within the battery industry
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.Related Stories
Market Position and Future Outlook
SES AI's performance and projections come at a time when the company is making significant strides in the battery industry. Recent developments, such as securing a substantial purchase order from Data Blanket to power AI-driven drones, highlight the company's expanding market reach and the practical applications of their technology
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.The company's focus on advanced battery technologies positions it at the intersection of energy storage innovation and the growing demand for high-performance power solutions in various sectors, including artificial intelligence and drone technology.
As SES AI continues to navigate the competitive landscape of the battery industry, investors and analysts alike will be closely watching the company's ability to meet its ambitious 2025 revenue targets and capitalize on the increasing demand for advanced energy storage solutions.
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