QuantumScape Q1 net loss $90.4M (+20% YoY); 16-layer cells cycle >500 times; separator starts triple

QuantumScape Corp

2023-Q1 EPS reported -$0.21

Net loss of $90.4M ($0.21/share) vs $75.1M in Q1 2021; no revenue (pre-revenue).
Cash operating expenses $57M; capex $39M; FY2022 guidance reiterated: capex $325-375M, opex $225-275M.
Demonstrated 16-layer cell with >500 cycles in proprietary format; separator starts hit >3,700/week (from <2,000 Q4).
Announced 5th customer sampling deal with a top-10 OEM; reserves 5 MWh from QS-0 with potential JV up to 50 GWh.
IP portfolio now >300 patents/applications; on track for A-sample cells in 2022 and B-sample in 2023.

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