Solid Power Q2 revenue $5.1M, net loss $0.13/share; cuts 2024 revenue guidance to $16-20M

Solid Power, Inc.

2024-Q2 EPS reported -$0.24 revenue$11,028,000

Q2 revenue $5.1M (+$0.2M YoY); Q2 operating loss $26.9M; net loss $22.3M ($0.13 per share).
First half 2024 revenue $11.0M (+$2.3M); net loss $43.5M ($0.24 per share).
Total liquidity $358.8M as of June 30, 2024, down from $415.6M at Dec 31, 2023.
Company bought 5.0M shares at avg $1.64 for $8.4M year-to-date.
Lowered 2024 revenue guidance to $16-20M from prior view; cash investment $100-120M unchanged.

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