SES AI Corporation announced preliminary unaudited revenue results for the first quarter ended March 31, 2025, on April 8, 2025. The company expects to report Q1 revenue in the range of $5.0 million to $5.8 million, consistent with its full year 2025 guidance.
This preliminary revenue figure indicates substantial growth compared to the previous quarter's initial revenue. The revenue is driven by contracts for AI-enhanced EV battery development and initial sales of AI-enhanced 2170 battery cells.
Additionally, SES AI anticipates its liquidity as of March 31, 2025, consisting of cash and cash equivalents and short-term investments, to be approximately $240 million, with no outstanding debt. This strong financial position supports ongoing development and commercialization efforts.
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