earnings
confidence high
sentiment neutral
materiality 0.65
QuantumScape Q3 net loss $117.7M; advances A-sample campaign, consumer cell shipments
QuantumScape Corp
2022-Q3 EPS reported
-$0.70
- Net loss attributable to common stockholders of $117.7M in Q3 (vs $15.4M gain in prior year, largely from warrant revaluation).
- Cash OPEX $79.1M; FY22 guidance reaffirmed: cash OPEX $225-275M, capex expected at low end of $175-225M.
- A-sample campaign kicked off; 24-layer cell design parameters frozen; contaminant dramatically reduced.
- Shipped zero externally applied pressure single-layer cells to consumer electronics customers; sister cells exceeding 500 cycles.
- Signed letter with Volkswagen removing site selection time constraint for joint venture; expects >$1B liquidity entering 2023.