Solid Power Q1 net loss $19.2M, revenue $3.8M; reiterates 2023 outlook

Solid Power, Inc.

2023-Q1 EPS reported -$0.11 revenue$3,792,000

Revenue of $3.8M, up $1.6M YoY on joint development agreements.
Net loss of $19.2M ($0.11 per share); operating loss $21.3M.
Total liquidity $468.2M as of Mar 31, 2023, down from $496.1M at Dec 31.
SP2 electrolyte facility commissioned; A-sample EV cells on track for 2023 delivery to partners.
2023 guidance: revenue $15-20M, cash used in ops $70-80M, capex $50-60M.

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 first quarter ended March 31, 2023 results: revenue $3.8 million, net income net loss was $19.2 million, EPS $0.11 per share. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $3.8 million
Net income: net loss was $19.2 million
EPS: $0.11 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

First quarter 2023 revenue was $3.8 million, up $1.6 million compared to the first quarter of 2022, owing to execution under the Company’s joint development agreements. As expected, operating expenses were higher in the first quarter of 2023 compared with the first quarter of 2022 due to planned investments in product development as well as increased general and administrative expenses to support operations. First quarter 2023 operating loss was $21.3 million and net loss was $19.2 million, or $0.11 per share.

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Source: SEC EDGAR

accession 0001104659-23-057197

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