QuantumScape ships first QSE-5 B-samples; Q3 net loss $119.7M, cash runway to 2028

QuantumScape Corp

2024-Q3 EPS reported -$0.72

Began producing and shipping QSE-5 B-samples with >800 Wh/L energy density and <15 min fast charge.
Q3 GAAP net loss $119.7M; Adjusted EBITDA loss $71.6M; liquidity $841M.
FY 2024 adjusted EBITDA loss guidance tightened to $280M-$300M; capex lowered to $60M-$75M.
Board changes: Founder Jagdeep Singh retiring as chairman at year-end; Dennis Segers to become chairman; Dr. Günther Mendl joins board.
PowerCo collaboration advancing; $130M royalty prepayment contingent on technical progress milestone.

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