7/7/25 :: VROCKSTAR :: 
SES
Still my fav R/R in battery
- revenue is scaling
- 1Q revenue tripled 4Q last year
- mgmt's speech on last call was "15-25 mm" for 2025
- their software platform is ramping across core (EV/auto) OEMs and basically anyone (tier 1 battery co's)
- if you look at their PnL R&D is 20 mm. that's what they're burning, really. and they will end year w $200 mm in cash
- so when you consider this thing is $100 mm enterprise value...
- revenue is ramping and they're finding PMF and probably one of the most specialized/ interesting tools on mkt for AI-based battery-chemistry discovery
- this thing is dirt chip
- "yes" the sub $1 ticker risks nasdaq compliance
- "yes" lately this has meant reverse split and no-bueno-stock-px-reaction
- but i'd posit here, that any reverse split wouldn't see that death spiral back to $1 mainly b/c of the big cash component, scaling revenue and most co's that do it... do it out of obligation... and their revenue/ cash burn are going the wrong way (this is the oppose)
- while i had to dump
EOSE after digging in
- I come back to these guys as perhaps the more interesting software-capital-light-starting-to-reach-inflection-cash-heavy-balance-sheet plays out there for less than a small fries at MCD
what do you think?
V
SESStill my fav R/R in battery
- revenue is scaling
- 1Q revenue tripled 4Q last year
- mgmt's speech on last call was "15-25 mm" for 2025
- their software platform is ramping across core (EV/auto) OEMs and basically anyone (tier 1 battery co's)
- if you look at their PnL R&D is 20 mm. that's what they're burning, really. and they will end year w $200 mm in cash
- so when you consider this thing is $100 mm enterprise value...
- revenue is ramping and they're finding PMF and probably one of the most specialized/ interesting tools on mkt for AI-based battery-chemistry discovery
- this thing is dirt chip
- "yes" the sub $1 ticker risks nasdaq compliance
- "yes" lately this has meant reverse split and no-bueno-stock-px-reaction
- but i'd posit here, that any reverse split wouldn't see that death spiral back to $1 mainly b/c of the big cash component, scaling revenue and most co's that do it... do it out of obligation... and their revenue/ cash burn are going the wrong way (this is the oppose)
- while i had to dump
EOSE after digging in- I come back to these guys as perhaps the more interesting software-capital-light-starting-to-reach-inflection-cash-heavy-balance-sheet plays out there for less than a small fries at MCD
what do you think?
V
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.