SES AI Corporation announced preliminary unaudited revenue results for the fourth quarter ended December 31, 2024, on January 31, 2025. The company expects to report Q4 revenue in the range of $1.5 million to $2.0 million, marking its first revenue generation from principal business activities.
This inaugural revenue is attributed to contracts with OEM partners for the commercial application of AI for Science in battery material discovery and a purchase order for AI-enhanced Li-Metal and Li-ion batteries for drone applications. The achievement of revenue earlier than anticipated signals progress in commercialization.
Additionally, SES AI anticipates its 2024 year-end liquidity, comprising cash and cash equivalents and short-term investments, to be in the range of $260 million to $265 million, with no outstanding debt. This strong liquidity position provides financial stability as the company transitions to a revenue-generating entity.
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