SES AI Corporation (NYSE:SES) shares are trading higher Monday after the company provided 2025 fiscal-year and second-quarter guidance.
What To Know: SES guided second-quarter revenue of $3.5 million, which would bring its total revenue for the first half of 2025 to $9.3 million. The company affirmed its full-year 2025 revenue guidance of $15 million to $25 million and posted a gross margin of 74% for the quarter.
Operating cash use fell 51% year-over-year to $10.8 million, and the company ended the quarter with $229 million in liquidity and no debt.
SES also announced a deal to acquire UZ Energy, which it expects to generate additional revenue in 2025.
"We continued our path to profitability with revenue of $3.5 million during the second quarter," said Founder and CEO Qichao Hu. "We are deploying a nominal amount of our excess liquidity to pursue what we view as a tremendous opportunity to accelerate our platform strategy in the global energy storage market."
The company plans to release its full second-quarter results after market close on August 4.
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SES Price Action: At the time of writing, SES shares are trading 17.8% higher at $1.39, according to data from Benzinga Pro.
Image: This illustration was generated using artificial intelligence via Midjourney.
