Solid Power FY2023 revenue $17.4M, net loss $65.5M; guides 2024 revenue $20M-$25M

Solid Power, Inc.

2023-FY EPS reported -$0.37 revenue$17,410,000

Revenue $17.4M in FY2023, up $5.6M YoY from joint development agreements.
Net loss $65.5M ($0.37/share); operating loss $90.6M on higher R&D and scaling costs.
Total liquidity $415.6M at year-end; $50M share repurchase authorization announced.
Electrolyte production capability reached 1.1 metric tons/month; A-1 Sample cells delivered.
2024 outlook: revenue $20M-$25M, cash used in ops $60M-$70M, capex $40M-$50M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Solid Power, Inc. reported the full year ended December 31, 2023 results: revenue $17.4 million, net income $65.5 million, EPS $0.37 per share. Guidance initiated.

Period: the full year ended December 31, 2023
Revenue: $17.4 million
Net income: $65.5 million
EPS: $0.37 per share
Guidance: initiated
Result: reported results

Exact text from the filing

Revenue in 2023 was $17.4 million, an increase of $5.6 million compared to 2022, driven by continued execution under the company’s joint development agreements. As expected, operating expenses were higher in 2023 compared to 2022 because of increased investments in product development and the scaling of operations. In 2023, operating loss was $90.6 million and net loss was $65.5 million, or $0.37 per share.

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Source: SEC EDGAR

accession 0001104659-24-028210

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