SES Q2 operating loss $19.1M; cash $405M; 2022 guidance unchanged

SES AI Corp

2022-Q2 EPS reported -$0.07

Operating loss of $19.1M (up $12.5M YoY) on higher headcount and public company costs.
Non-cash gain of $29.0M from Sponsor Earn-out fair value change; cash & equivalents $405M.
2022 cash guidance reaffirmed: ops + capex $95–115M; Korea cell facility expected ready Oct 2022.
Milestones by mid-2023: deliver A-sample batteries for three JDA partners, transition to B-sample.
No revenue reported; company remains in development stage for Li-Metal batteries.

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