Solid Power Q2 revenue $4.9M (+88% YoY), net loss $12.2M; maintains 2023 outlook

Solid Power, Inc.

2023-Q2 EPS reported -$0.18 revenue$8,698,000

Q2 revenue $4.9M, up 88% from $2.6M in Q2 2022, driven by joint development agreements.
Net loss $12.2M ($0.07 EPS); operating loss $22.2M as scale-up investments drove higher expenses.
Total liquidity $443.4M at June 30, 2023; capex $9.6M in Q2 primarily for SP2 electrolyte facility.
2023 guidance unchanged: revenue $15-20M, cash from ops $70-80M, capex $50-60M.
John Van Scoter appointed President & CEO; SP2 electrolyte production meeting targets, EV cell production begun.

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 second quarter ended June 30, 2023 results: revenue $4.9 million, net income $12.2 million, EPS $0.07 per share. Guidance reaffirmed.

Period: second quarter ended June 30, 2023
Revenue: $4.9 million
Net income: $12.2 million
EPS: $0.07 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Second quarter 2023 revenue was $4.9 million, an increase of $2.3 million compared to the second quarter of 2022, as a result of continued execution under the company’s joint development agreements.

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Source: SEC EDGAR

accession 0001104659-23-088850

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