Solid Power reports FY2022 revenue $11.8M, net loss $9.6M; guides FY2023 revenue $15-20M

Solid Power, Inc.

2022-FY EPS reported -$0.05 revenue$11,789,000

Revenue $11.8M in 2022, up $9.1M YoY; operating loss $59.1M; net loss $9.6M ($0.05 diluted EPS).
Total liquidity $496.1M as of Dec 31, 2022, down from $589.3M a year earlier.
2023 outlook: revenue $15-20M, cash used in ops $70-80M, capex $50-60M.
Electrolyte production facility on track for Q1 2023; EV cell production began, 20 Ah cells delivered.
Deepened BMW joint development agreement; secured DOE funding for nickel- and cobalt-free cell.

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

Solid Power, Inc. reported the full year ended December 31, 2022 results: revenue $11.8 million, net income $9.6 million, EPS $0.05 per diluted share. Guidance initiated.

Period: the full year ended December 31, 2022
Revenue: $11.8 million
Net income: $9.6 million
EPS: $0.05 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Full Year 2022 Financial Highlights Revenue was $11.8 million in 2022, up $9.1 million compared to 2021, owing to strong execution under the Company’s joint development agreements and government contracts, as well as additional product sales during 2022. As expected, operating expenses were higher in 2022 compared with 2021 due to planned investments in product development and the scaling of operations. Operating loss for 2022 was $59.1 million and net loss was $9.6 million, or $0.05 per diluted share.

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Source: SEC EDGAR

accession 0001104659-23-026725

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