secwatch.observer — SEC 8-K summary
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Issuer:     QuantumScape Corp (QS)
CIK:        0001811414
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000950170-24-047601
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811414/000095017024047601/0000950170-24-047601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811414/000095017024047601/qs-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-047601

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer