QS Q1 net loss $114.4M; Cobra separator baseline in Q2 ahead of schedule

QuantumScape Corp

2025-Q1 EPS reported -$0.21

Q1 net loss $114.4M ($0.21/share), vs $120.6M loss year ago; Adj. EBITDA -$64.6M.
Cobra separator process ahead of schedule, expected baseline in Q2; Raptor exceeding yield/quality benchmarks.
Cash, cash equivalents & marketable securities $860.3M; cash runway into H2 2028.
Shipped QSE-5 samples to launch customer for integration/testing; B1 sample shipments on track for 2025.
Framework agreement with Murata Manufacturing to explore collaboration on ceramics production.

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