secwatch.observer — SEC 8-K summary
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Issuer:     QuantumScape Corp (QS)
CIK:        0001811414
Form:       8-K
Filed at:   2022-04-26T23:59:59+00:00
Accession:  0000950170-22-006207
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811414/000095017022006207/0000950170-22-006207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811414/000095017022006207/qs-20220426.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-006207

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer