QuantumScape Q4 net loss $113M; appoints Siva Sivaram CEO; cash runway to H2 2026

QuantumScape Corp

2023-FY EPS reported -$0.96

Net loss of $113.4M in Q4 2023, $445.1M for FY2023; operating expenses $124.6M and $479.0M respectively.
Ended 2023 with $1.07B liquidity; cash runway extended into second half of 2026, two quarters beyond prior estimate.
Dr. Siva Sivaram appointed CEO, replacing Jagdeep Singh who remains Chairman; previously President of QuantumScape.
2024 goals: ship Alpha-2 sample cells, ramp Raptor separator process, begin low-volume QSE-5 B0 prototype production.
FY2024 guidance: capex $70M–$120M; Adjusted EBITDA ($250M)–($300M); maintains focus on commercialization timeline.

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 fiscal quarter and fiscal year ended December 31, 2023.

Period: its fiscal quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 14, 2024, QuantumScape Corporation (the "Company") announced its business and financial results for its fiscal quarter and fiscal year ended December 31, 2023.

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Source: SEC EDGAR

accession 0000950170-24-015241

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