SES AI Corporation
2.2700-0.17 (-6.97%)
Oct 28, 4:00:02 PM EDT · NYSE · SES · USD
Key Stats
Market Cap
828.04MP/E (TTM)
-Basic EPS (TTM)
-0.31Dividend Yield
0%Recent Filings
8-K
Annual meeting results
SES AI Corporation's stockholders overwhelmingly elected Dr. Qichao Hu to the board as Class III director at the October 1, 2025 Annual Meeting, securing his role until 2028 with 486 million votes for amid minimal opposition. They ratified Grant Thornton LLP as auditors for the year ending December 31, 2025, by a resounding 537 million votes. In a non-binding advisory vote, exec compensation won approval from 490 million shares. Continuity intact.
8-K
SES appoints new board director
SES AI Corporation announced on August 27, 2025, that director Michael Noonen resigned effective September 2 to pursue other endeavors, with no disagreements cited. The board promptly appointed Andrew Boyd, a 55-year-old capital markets veteran from Fidelity and founder of Bramalea Partners, as a Class II director and to the audit and compensation committees. This move brings fresh investment insights to guide SES AI's growth. Boyd receives standard non-employee director pay.
8-K
Annual meeting set for October
SES AI Corporation scheduled its 2025 annual meeting of stockholders for October 1, 2025. Stockholders must submit Rule 14a-8 proposals by September 8, 2025, and advance notice proposals or nominations by September 12, 2025, to comply with bylaws and SEC rules. Deadlines tightened due to the meeting's proximity to last year's. This ensures orderly governance amid evolving shareholder input.
10-Q
Q2 FY2025 results
SES AI kicked off revenue in Q2 FY2025, posting $3.5M from service contracts with OEMs, up from zero last year, while gross profit hit $2.6M on a 73.7% margin. Operating loss narrowed to $23.0M from $24.6M y/y, thanks to lower G&A spend, though R&D climbed 26.8% to $19.1M on AI infrastructure and lab costs; net loss widened to $22.7M from $19.9M, driven by a $1.4M fair-value loss on earn-out liabilities. Cash burn stayed steady at $33.7M for H1, leaving $11.8M in cash equivalents plus $217.1M in short-term investments—no debt, but a $25.5M acquisition of UZ Energy is slated for Q3 close, blending cash and stock. EPS checks out at $(0.07) on 332M diluted shares. OEM partnerships fuel progress. Yet tariffs on Chinese imports threaten supply chains.
8-K
SES AI Q2 revenue hits $3.5M
SES AI Corporation reported Q2 2025 revenue of $3.5 million, up from zero last year, with a robust 74% gross margin driven by AI-enhanced battery development contracts for EVs. Cash burn dropped 51% year-over-year to $10.8 million, bolstering a $229 million liquidity position with no debt. The company agreed to acquire UZ Energy to enter the $300 billion ESS market, projecting UZ's revenue growth to $10-15 million this year. Acquisition risks include unmet closing conditions.
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