secwatch.observer — SEC 8-K summary
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Issuer:     SES AI Corp (SES)
CIK:        0001819142
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001558370-22-017175
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SES AI reports Q3 operating loss of $21.7M; lowers 2022 cash usage guidance to $75-85M
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- Q3 2022 operating loss of $21.7M (up $11.0M YoY); net loss $0.08 per fully diluted share.
- Cash and equivalents $394.7M; expects to end 2022 with >$350M cash.
- Full-year 2022 cash usage guidance reduced to $75-85M from prior $95-115M; capex now $20-25M.
- SES Korea pilot facility completed; Shanghai Giga operational; produced >1,000 large-format cells.
- 50 Ah cells received UN38.3 and IATF16949 certifications; data shared with GM, Hyundai, Honda.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819142/000155837022017175/0001558370-22-017175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819142/000155837022017175/ses-20221109x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-017175

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