Solid Power Q3 revenue down 27% YoY to $4.7M; net loss $22.4M, maintains FY 2024 guidance

Solid Power, Inc.

2024-Q3 EPS reported -$0.37 revenue$15,679,000

Q3 2024 revenue $4.7M (-$1.7M vs Q3 2023); net loss $22.4M ($0.13 per share).
Total liquidity $348.1M as of Sept 30, 2024, down from $415.6M at year-end 2023.
DOE selected Solid Power for up to $50M award negotiation for continuous sulfide electrolyte production.
Extended BMW JDA; all SK On milestones achieved; electrolyte innovation center (EIC) commenced operations.
FY 2024 outlook reaffirmed: revenue $16-20M; total cash investment $100-120M (ops $60-70M, capex $40-50M).

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