QuantumScape Q2 net loss $116.5M; ships high-loading cathodes, Raptor installed

QuantumScape Corp

2023-Q2 EPS reported -$0.50

Q2 GAAP net loss $116.5M ($0.26/sh); adjusted EBITDA -$63.5M; cash & mkt securities >$900M.
Revenue none (pre-revenue); FY 2023 guidance reaffirmed: capex $100-150M, cash opex $225-275M, runway to H2 2025.
Shipped high cathode-loading (>5 mAh/cm²) unit cells to multiple automotive partners; demonstrated 15-min fast-charge target.
Raptor fast separator equipment installed; initial production expected before end of 2023; B0 samples targeted for 2024.
QSE-5 cell targeted at >800 Wh/L with 10-80% charge in ~15 min; safety tests passed per automotive customer spec.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

QuantumScape Corp reported financial results for second quarter of 2023.

Period: second quarter of 2023
Result: reported results

Exact text from the filing

On July 26, 2023, QuantumScape Corporation (the “Company”) announced its business and financial results for its second quarter of 2023, which ended June 30.

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Source: SEC EDGAR

accession 0000950170-23-034732

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