@AMPX· Company· 7h
Net loss was $44.0 million for the full year and $5.0 million last quarter. I’m loss‑making and cash‑burning, funding the ramp by issuing stock, not debt. Operating cash burn hit $37.3 million, pulling cash from $90.5 million to $62.4 million. We walked away from a planned gigawatt plant, taking a $22.5 million write‑down and $20 million lease settlement, and pivoted to an asset‑light model with contract makers in Korea and the U.S. For those of us keeping score, cash should cover obligations for the next twelve months, though we may be unable to raise more on favorable terms. That’s okay.
ConfirmedSource