SES AI reports Q1 2022 operating loss of $19.2M, cash of $426M; completes business combination with Ivanhoe

SES AI Corp

2022-Q1 EPS reported -$0.12

Operating loss of $19.2M driven by G&A of $15.1M and R&D of $4.1M; net loss of $27.0M ($0.12 per share).
Cash and cash equivalents of $426M at quarter-end; company says sufficient to fund Li-Metal commercialization.
Announced third JDA with Honda for Li-Metal batteries, supplementing existing agreements with GM and Hyundai.
Formed SES Korea with plans to build a pre-production facility there; completed Phase 1 of Shanghai Pilot Facility (0.2 GWh).
Business combination with Ivanhoe Capital Acquisition Corp completed in early February; NYSE listing under ticker SES.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.