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Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>SES AI, a leader in AI-powered battery research, released the first version of Molecular Universe MU- 0 on April 29.</li><li>The live demo explained MU-0’s features and pricing structures. Molecular Universe is for mass- produced material discovery and development services, SES AI’s largest and most profitable revenue component.</li><li>The company expects the platform to deliver commercially practical winning solutions that help users compete.</li></ul>

SES AI, a leader in AI-powered battery research, released the first version of Molecular Universe MU- 0 on April 29.The live demo explained MU-0’s features and pricing structures. Molecular Universe is for mass- produced material discovery and development services, SES AI’s largest and most profitable revenue component.The company expects the platform to deliver commercially practical winning solutions that help users compete.

SES AI Corp. - MU-0 Shows the Future for SES AI Across Multiple Battery Markets

<ul><li>SES AI, a leader in AI-powered battery research, announced its 1Q25 revenue came in at the high end of its preannounced range at $5.8 million.</li><li>SES AI’s gross margin for 1Q25 came in at 79%, with the company guiding to long-term gross margins in the 60% range as manufacturing, software licenses, and services mix stabilize. The company also reiterated 2025 revenue guidance of $15-25 million.</li><li>SES AI’s announcement of a $30 million share buyback was accompanied by expectations of more than $200 million liquidity at the end of 2025. </li></ul>

SES AI, a leader in AI-powered battery research, announced its 1Q25 revenue came in at the high end of its preannounced range at $5.8 million.SES AI’s gross margin for 1Q25 came in at 79%, with the company guiding to long-term gross margins in the 60% range as manufacturing, software licenses, and services mix stabilize. The company also reiterated 2025 revenue guidance of $15-25 million.SES AI’s announcement of a $30 million share buyback was accompanied by expectations of more than $200 million liquidity at the end of 2025. 

SES AI Corp: 1Q25 Shows Solid Revenue, Margin, and Cash Position

<ul><li>Hu discussed the upcoming launch of Molecular Universe MU-0 and described how the firm is using AI to accelerate battery materials discovery.</li><li>The Molecular Universe platform is the outgrowth of the firm’s work to map out the entire small molecule universe relevant for Li-metal and Li-ion battery chemistries.</li><li>The platform enables R&amp;D teams to search for chemistries that meet specific engineering requirements, tuned to the specifics of different industry use cases, and interrogate the map of the chemical space in natural language, greatly enhancing R&amp;D efficiency.</li></ul>

Hu discussed the upcoming launch of Molecular Universe MU-0 and described how the firm is using AI to accelerate battery materials discovery.The Molecular Universe platform is the outgrowth of the firm’s work to map out the entire small molecule universe relevant for Li-metal and Li-ion battery chemistries.The platform enables R&amp;D teams to search for chemistries that meet specific engineering requirements, tuned to the specifics of different industry use cases, and interrogate the map of the chemical space in natural language, greatly enhancing R&amp;D efficiency.

SES AI Corp: - Pioneering New Battery Chemistries, Business Model with AI

<ul><li>SES announced on Tuesday that its 1Q25 revenue would be $5-5.8 million, in line with prior guidance (see our summary note from last quarter).</li><li>At that time, the company said that FY25 revenue would be $15- 25 million.</li><li>In it 1Q25 preview, SES sighted the same revenue streams it had previously called out: materials. discovery for EV batteries, sales of its 2170 Li-ion cells into the drone space, and the beginning of the commercialization of its technology for BESS for data centers.</li></ul>

SES announced on Tuesday that its 1Q25 revenue would be $5-5.8 million, in line with prior guidance (see our summary note from last quarter).At that time, the company said that FY25 revenue would be $15- 25 million.In it 1Q25 preview, SES sighted the same revenue streams it had previously called out: materials. discovery for EV batteries, sales of its 2170 Li-ion cells into the drone space, and the beginning of the commercialization of its technology for BESS for data centers.

SES AI Corp. - 1Q25 Revenue Preview Demonstrates Continuing Traction on Commercialization

<ul><li>SES AI marked an important milestone with its 4Q24 results, transitioning from pure-play R&amp;D to active commercialization.</li><li>The company booked $2 million in revenue at a 63% gross margin from previously announced deals with (1) EV OEMs for battery materials discovery and (2) cells for drones.</li><li>SES AI also noted some of its 4Q cell revenue for drone applications was with SoftBank’s HAPS drone program, which suggests that it is building on the initial traction announced in the Data Blanket deal in this space. </li></ul>

SES AI marked an important milestone with its 4Q24 results, transitioning from pure-play R&amp;D to active commercialization.The company booked $2 million in revenue at a 63% gross margin from previously announced deals with (1) EV OEMs for battery materials discovery and (2) cells for drones.SES AI also noted some of its 4Q cell revenue for drone applications was with SoftBank’s HAPS drone program, which suggests that it is building on the initial traction announced in the Data Blanket deal in this space. 

SES AI Corp. - 4Q Results Mark a 'Phase Transition' from Pure R&D to Commercialization

United States

SES AI Corporation provides energy storage solutions. The Company develops and manufactures lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs) and other applications. SES AI serves customers worldwide.

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SES AI Corp (SES US)

SES AI Corp. - MU-0 Shows the Future for SES AI Across Multiple Battery Markets

SES AI, a leader in AI-powered battery research, released the first version of Molecular Universe MU- 0 on April 29. The live demo explained MU-0’s...

Water Tower Research

SES AI Corp: 1Q25 Shows Solid Revenue, Margin, and Cash Position

SES AI, a leader in AI-powered battery research, announced its 1Q25 revenue came in at the high end of its preannounced range at $5.8 million.

Water Tower Research

SES AI Corp: - Pioneering New Battery Chemistries, Business Model with AI

Hu discussed the upcoming launch of Molecular Universe MU-0 and described how the firm is using AI to accelerate battery materials discovery.

Water Tower Research

SES AI Corp. - 1Q25 Revenue Preview Demonstrates Continuing Traction on Commercialization

SES announced on Tuesday that its 1Q25 revenue would be $5-5.8 million, in line with prior guidance (see our summary note from last quarter).

Water Tower Research

SES AI Corp. - 4Q Results Mark a 'Phase Transition' from Pure R&D to Commercialization

SES AI marked an important milestone with its 4Q24 results, transitioning from pure-play R&D to active commercialization.

Water Tower Research

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