Amprius Technologies Operating Inc (AMPX) experienced a significant 24-hour plunge of 5.63% during intraday trading on Thursday.

The sharp decline follows the company's release of its first-quarter financial results, which revealed a wider-than-expected loss. Amprius reported a quarterly loss per share of $0.04, which missed the analyst consensus estimate of a $0.02 loss by 100 percent.

Despite reporting quarterly sales of $28.536 million, beating estimates by 10.93 percent, the substantial earnings miss on the bottom line triggered selling pressure and dominated negative market sentiment, leading to the stock's decline.