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.
See Also: $100 Invested In This Stock 10 Years Ago Would Be Worth This Much Today
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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