SES AI Corp (N:SES)
Business Focus: Batteries & Uninterruptable Power supplies
| Sector: Industrials | Industry: Electrical Components & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 35 Cabot Rd WOBURN MA 01801 |
| Tel: | N/A |
| Website: | https://ses.ai |
| IR: | See website |
| Key People | ||
| Qichao Hu Chairman of the Board, Chief Executive Officer | Jing Nealis Chief Financial Officer | Hong Gan Chief Science Officer |
| Gang Li Chief Manufacturing Officer | Kyle Pilkington Chief Legal Officer | |
| Business Overview |
| SES AI Corporation is a pre-commercialization stage company engaged in the development and production of high-performance, Lithium-Metal (Li-Metal) rechargeable battery technologies for electric vehicles (EVs), urban air mobility, which includes electric vehicle take-off and landing (eVTOL) technology and other applications. It manufactures integrated Li-Metal battery with capabilities in material, cell, module, artificial intelligence (AI)-powered safety algorithms and recycling. Its battery technology has been designed to combine the high energy density of Li-Metal with large-scale manufacturability of conventional Lithium-ion batteries. Its battery platforms include Hermes, Apollo and Avatar. Hermes is its internal new material research and development platform. Apollo is large format EV and eVTOL cells that combine the material development from Hermes and the Li-Metal cell engineering and manufacturing. Avatar is an AI-powered digital twin equivalent of physical Li-Metal batteries. |
| Financial Overview |
| For the three months ended 31 March 2024, SES AI Corp revenues was not reported. Net loss decreased 4% to $15.6M. Lower net loss reflects General and administrative - Balancing v decrease of 27% to $6.2M (expense), Stock-based Compensation in SGA decrease of 28% to $3.3M (expense), Stock-based Compensation in R&D decrease of 21% to $1.5M (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.05. |
| Employees: | 300 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $177.49M as of Mar 31, 2024 |
| Annual revenue (TTM): | $0.00M as of Mar 31, 2024 |
| EBITDA (TTM): | -$71.62M as of Mar 31, 2024 |
| Net annual income (TTM): | -$52.73M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$66.55M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 357,012,056 as of Apr 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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