Solid Power Q3 rev $2.8M, operating loss $15.6M; A-sample may slip to 2023

Solid Power, Inc.

2022-Q3 EPS reported -$0.05 revenue$7,591,000

Revenue $2.8M in Q3 2022 vs $0.6M in Q3 2021; year-to-date $7.6M exceeds full-year outlook high end.
Operating loss $15.6M, net loss $12.4M ($0.07 diluted EPS) on higher development spending.
Total liquidity $507.6M at Sep 30, down from $589M at Dec 31; capex $47.9M YTD.
20 Ah cell yields lower; EV cell A-sample entry may slip from 2022 into 2023 due to labor and cell build focus.
2022 cash investment guidance $120-130M; year-end liquidity expected $460-470M.

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 0.95

Solid Power, Inc. reported the third quarter ended September 30, 2022 results: revenue $2.8 million, net income $12.4 million, or $0.07 per diluted share, EPS $0.07 per diluted share.

Period: the third quarter ended September 30, 2022
Revenue: $2.8 million
Net income: $12.4 million, or $0.07 per diluted share
EPS: $0.07 per diluted share
Result: reported results

Exact text from the filing

our status as an industry-leading developer of next-generation all solid-state battery cells.” Third Quarter Financial Highlights Revenue for the third quarter of 2022 was $2.8 million, bringing total year-to-date revenue to $7.6 million. This compares with revenue of $0.6 million and $1.7 million in the third quarter and nine months ended September 30, 2021,

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Source: SEC EDGAR

accession 0001104659-22-115942

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