SES AI Corporation announced its first quarter 2025 financial results on April 24, 2025, reporting record revenue of $5.8 million for the quarter ended March 31, 2025. This represents a significant increase from the previous quarter and no material revenue in Q1 2024.
The company's Board of Directors approved a $30 million share repurchase program, reflecting confidence in SES AI's revenue projections and financial health. This program allows for repurchases through various methods, including open market purchases, funded from existing cash.
SES AI affirmed its full year 2025 revenue guidance and expects to exit 2025 with over $200 million in liquidity. The company also achieved a breakeven earnings result for the quarter, demonstrating progress towards profitability despite ongoing investments in AI-enhanced battery development and new market opportunities.
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