What factors drove the changes in SES AI's revenue and profit?

What does SES AI do and what are its main business segments?

What guidance did SES AI's management provide for the next earnings period?

What is the revenue and EPS growth rate for SES AI year over year?

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- **Revenue Surge**: Q3 2025 revenue up 102% to $7.1M, with UZ Energy contributing 45%.
- **AI Breakthrough**: Molecular Universe 1.0 enables custom electrolyte production via Hisun JV, reducing EV battery costs by 12%.
- **Liquidity Strength**: $214M cash on hand, with $195-200M expected by year-end.
- **2026 Growth Plan**: Target to double 2025 revenue ($20-25M) through ESS, drones, and AI-driven materials.

**【CEO Summary Section】**
- **Record Q3 Revenue Growth**: $7.1 million, up 102% from Q2, driven by AI strategy and UZ Energy acquisition. 45% of revenue came from UZ Energy's ESS sales.
- **Molecular Universe 1.0 Launch**: MU-1.0 features Ask, Search, Formulate, Design, and Predict capabilities, enabling battery material discovery and formulation. On-premise deployment addresses enterprise data security needs.
- **Hisun JV Expansion**: Joint venture with Hisun to produce custom electrolytes for EV, ESS, and drone applications, reducing CapEx and accelerating commercialization.
- **Drones and EV Growth**: South Korea factory scaling pouch cell production for drones, with EV electrolyte supply starting in 2026.
- **2026 Outlook**: Expect to double 2025 revenue ($20-25M) through ESS, drones, and AI-driven material supply chains.

**【CFO Financial Commentary】**
- **Q3 Financials**: GAAP net loss $20.9M, 51% gross margin (78% services, 15% products). Strong liquidity of $214M post-UZ acquisition.
- **Share Repurchase**: $1.6M spent on 1.3M shares, reflecting confidence in long-term growth.
- **2025 Guidance Update**: Full-year revenue raised to $20-25M, up from prior $15-20M range.

**【Q&A Highlights】**
- **MU Monetization**: SaaS subscriptions (enterprise tiers 1-3) and material sales, with materials generating higher margins. 40+ enterprise trials underway.
- **UZ Energy Growth**: 2025 ESS revenue projected at $10-15M, targeting $30M+ in 2026 with AI-enhanced BMS.
- **Liquidity Position**: $195-200M expected by year-end, sufficient to fund growth without additional capital raises.
- **MU Roadmap**: 2026 focus on electrode process optimization, cell manufacturing, and enterprise-specific AI models.

SES AI Corporation (SES) Q3 2025 Earnings Call Transcript

Service

Product

SES

SES fundamentals

You can ask Aime