secwatch.observer — SEC 8-K summary
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Issuer:     QuantumScape Corp (QS)
CIK:        0001811414
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000950170-23-014836
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QuantumScape Q1 net loss $104.6M; technical progress on high-loading cathodes and customer testing
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- Net loss $104.6M ($0.24/share) vs $90.4M ($0.21) in Q1 2022; operating expenses $110M.
- Cash operating expenses $63M; capex $28M; liquidity over $1B; FY2023 guidance reaffirmed.
- 24-layer A0 prototype testing complete at automotive customer; capacity loss <1% per 100 cycles; reliability improvements underway.
- Demonstrated two-layer unit cells with >5 mAh/cm2 cathode loading cycling at 1C for >800 cycles at room temperature.
- First commercial product target: 24-layer ~5 Ah cell; fast separator production first stage installation underway.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811414/000095017023014836/0000950170-23-014836-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811414/000095017023014836/qs-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-014836

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