Solid Power Q1 revenue $6.0M (+58% YoY); net loss $21.2M; reiterates 2024 guidance

Solid Power, Inc.

2024-Q1 EPS reported -$0.12 revenue$5,953,000

Q1 2024 revenue $6.0M vs $3.8M in Q1 2023; operating loss $25.8M, net loss $21.2M ($0.12/share).
Total liquidity $378.9M at March 31, 2024; bought back 5M shares for $8.3M at avg $1.64.
Reaffirms 2024 revenue guidance $20-25M, cash used in ops $60-70M, capex $40-50M.
A-2 Sample cell development on track for end-of-year delivery; expanding electrolyte sampling.
SK On line installation and technology transfer progressing well in early execution.

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 first quarter ended March 31, 2024 results: revenue $6.0 million, net income $21.2 million, or $0.12 per share, EPS $0.12 per share. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $6.0 million
Net income: $21.2 million, or $0.12 per share
EPS: $0.12 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

First Quarter 2024 Financial Highlights Solid Power delivered $6.0 million in revenue during the first quarter of 2024

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Solid Power, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-058007

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