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BOSTON - SES AI Corporation (NYSE:SES), a developer of Li-Metal and Li-ion batteries with a market capitalization of $433 million, reported preliminary second quarter revenue of $3.5 million with a 74% gross margin, according to a press release statement issued by the company. InvestingPro analysis indicates the stock is currently trading below its Fair Value.
The company’s first-half 2025 revenue totaled $9.3 million, and SES AI affirmed its full-year revenue guidance of $15 million to $25 million. Cash used in operations decreased to $10.8 million, representing a 51% reduction compared to the same quarter last year and a 53% decrease from the first quarter of 2025.
As of June 30, SES AI reported $229 million in liquidity comprising cash, cash equivalents, and marketable securities, with no debt.
The company also announced it has signed an agreement to acquire UZ Energy, which it expects will generate additional revenue in 2025. SES AI described the acquisition as deploying "a nominal amount" of its excess liquidity.
"We continued our path to profitability with revenue of $3.5 million during the second quarter, positioning us to reach our year-end revenue target," said Qichao Hu, Founder and CEO of SES AI, in the press release.
The company noted that the financial results presented are preliminary, estimated, and unaudited, subject to completion and finalization of financial and accounting closing procedures.
SES AI plans to report its complete second quarter 2025 results after market close on Monday, August 4, 2025, followed by a conference call at 5:00pm ET.
In other recent news, SES AI Corporation has launched an update to its battery research platform, Molecular Universe 0.5, which now includes a feature called "Deep Space." This new capability is designed to conduct in-depth battery research, providing detailed responses in a fraction of the time typically required by human scientists. The company aims to use this tool to expedite the development of commercial battery products. Additionally, Cantor Fitzgerald has maintained its Overweight rating on SES AI, with a price target of $2.00. The firm’s valuation considers the company’s battery products and service sales divisions, applying specific valuation multiples to projected 2026 revenue. Cantor Fitzgerald also factors in SES’s net cash position, which was $240 million as of March 31, 2025, with a discount applied for expected cash burn. These recent developments highlight SES AI’s ongoing efforts to innovate in the battery technology sector while maintaining investor confidence.
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