QuantumScape Q3 net loss $110.6M; top A0 cell achieves >1,000 cycles with >95% retention

QuantumScape Corp

2023-Q3 EPS reported -$0.73

GAAP net loss of $110.6M ($0.23/diluted share) vs. $117.7M loss a year ago; cash operating expenses $63.5M.
Cash runway extended into 2026 after $300M follow-on; liquidity >$1.1B at quarter end.
Best A0 24-layer prototype cell exceeded 1,000 full cycles at >95% discharge energy retention in customer lab.
Raptor separator process qualification began; on track for deployment by year-end 2023.
Dr. Siva Sivaram appointed President; full-year capex guidance revised to $75-100M.

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 0.9

QuantumScape Corp reported financial results for its third quarter of 2023, which ended September 30.

Period: its third quarter of 2023, which ended September 30
Result: reported results

Exact text from the filing

On October 25, 2023, QuantumScape Corporation (the “Company”) announced its business and financial results for its third quarter of 2023, which ended September 30.

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Source: SEC EDGAR

accession 0000950170-23-055202

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