more accessible, we introduced a new cycle product family, enhancing our Silicon nanowire platform. This new product line has generated significant interest from our customers, leading to a doubling of our customer base to 82 customers.
Financially, we achieved a 397% increase in total revenue year-over-year, reaching $2.3 million for the quarter. While we did report a negative gross margin of 190%, we are confident that as we continue to expand our production capabilities, we will see improvement in this area. We are on track to reach two megawatt hours of production by the end of the year.
In terms of our manufacturing facility in Brighton, Colorado, we are making progress and expect to have full construction drawings by the end of the summer. We have raised $2.1 million through share sales and are actively seeking additional funding to support our growth.
Overall, we are confident in our growth opportunities in the aviation, conformal wearable battery, and EV battery markets. We are committed to scaling up our manufacturing capabilities to meet the increasing demand for our batteries and are excited about the future prospects of our company.
Thank you for your continued support, and I will now turn the call over to Sandra to discuss our financial results in more detail. Thank you.
Sandra Wallach: Thank you, Kang. As Kang mentioned, we are pleased to report a significant increase in revenue for the first quarter of 2024. Our total revenue for the quarter was $2.3 million, representing a 397% increase year-over-year. This growth was driven by the introduction of our new cycle product family and the continued interest in our Silicon nanowire platform.
While we did report a negative gross margin of 190%, we are actively working to improve our production capabilities and expect to see improvements in this area as we scale up our operations. Our operating expenses for the quarter were $5.9 million, and our net loss for the period was $9.9 million.
We finished the quarter with $39 million in cash and no debt. We have raised $2.1 million through share sales and are actively seeking additional funding to support our growth initiatives.
Thank you for your attention, and I will now turn the call back over to Kang for some closing remarks before we open the call for questions. Thank you.
Kang Sun: Thank you, Sandra. In closing, I want to reiterate our commitment to driving innovation in the battery technology space and our dedication to meeting the growing demand for our products. We are excited about the progress we have made in the first quarter and look forward to the opportunities ahead.
Thank you to our employees, customers, and shareholders for their continued support. We are confident in the future of Amprius Technologies and are excited about what lies ahead. Thank you.
Operator: Thank you. We will now open the call for questions. (End of transcript)