QS Q1 net loss $120.6M; Alpha-2 prototypes shipped to customers

QuantumScape Corp

2024-Q1 EPS reported -$0.24

Q1 net loss $120.6M (vs $104.6M Q1 '23); Adjusted EBITDA loss $76.2M.
Began shipments of 6-layer Alpha-2 prototype cells to automotive customers in March.
Alpha-2 shows up to 10C discharge, fast charge <15 min 10-80%, 0.7 atm pressure.
FY2024 guidance: capex $70-120M, Adj EBITDA loss $250-300M; cash $1.01B runway into H2 2026.
$24.5M accrued for pending securities class action settlement.

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 first quarter of 2024, which ended March 31.

Period: first quarter of 2024, which ended March 31
Result: reported results

Exact text from the filing

On April 24, 2024, QuantumScape Corporation (the “Company”) announced its business and financial results for its first quarter of 2024, which ended March 31.

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QuantumScape Corp filing history →

Source: SEC EDGAR

accession 0000950170-24-047601

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