QuantumScape reports Q2 net loss $94.8M, lowers FY2022 capex guide to $175-225M; makes first 24-layer cells

QuantumScape Corp

2022-Q2 EPS reported -$0.43

Net loss $94.8M ($0.22/sh) vs net income $81M in Q2 2021; no revenue.
Cash operating expenses $59.7M; capex $27.6M, below Q2 guidance of $35-65M.
FY2022 capex guidance lowered to $175-225M from $325-375M; year-end liquidity >$950M.
Made first prototype 24-layer cells; A-sample delivery to auto OEM remains 2022 goal.
Added two new automotive customer sampling agreements, total six.

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