What's Going On With SES AI Shares Friday?

Benzinga·04/25/2025 15:52:40

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SES AI Corporation (NYSE:SES) shares are trading higher Friday after the company reported better-than-expected earnings and announced a new share repurchase program.

What To Know: SES reported a loss of 4 cents per share, beating analysts’ estimate of 6-cent loss. The company also reported record revenue of $5.8 million.

Looking ahead, the company affirmed its 2025 sales guidance of $15 million to $25 million, versus analysts’ estimate of $22 million. Additionally, It expects to exit 2025 with more than $200 million in liquidity.

The company authorized a $30 million share repurchase program.

Qichao Hu, Founder and CEO of SES AI, said, “Our Board’s approval of this share repurchase program reflects our confidence in SES AI’s revenue projections for the year, the affirmation of our previously issued 2025 full year revenue guidance, and the expectation that we will exit 2025 with above $200 million in liquidity. We believe share repurchases are an effective capital allocation tool, providing a compelling opportunity to enhance shareholder value. The potential allocation of capital in an accretive fashion does not sacrifice our liquidity runway.”

SES Price Action: At the time of writing, SES stock is trading 26.6% higher at $1.10, according to data from Benzinga Pro.

Image: This illustration was generated using artificial intelligence via Midjourney.

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