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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, announced 2Q25 revenue of $3.5 million, which was in line with its preannouncement.</li><li>SES’ 2Q25 gross margin came in at 74%, above its long-term gross margin range, as the manufacturing, software licenses, and services mix stabilizes.</li><li>The company also reiterated 2025 revenue guidance of $15-25 million.</li></ul>

SES AI, a leader in AI-powered battery research, announced 2Q25 revenue of $3.5 million, which was in line with its preannouncement.SES’ 2Q25 gross margin came in at 74%, above its long-term gross margin range, as the manufacturing, software licenses, and services mix stabilizes.The company also reiterated 2025 revenue guidance of $15-25 million.

SES AI Corp: 2Q25 In Line with Preannouncement; $11 Million Cash Usage and Net Cash of $229 Million