secwatch.observer — SEC 8-K summary
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Issuer:     QuantumScape Corp (QS)
CIK:        0001811414
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0000950170-22-013219
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811414/000095017022013219/0000950170-22-013219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811414/000095017022013219/qs-20220727.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-013219

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