secwatch.observer — SEC 8-K summary
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Issuer:     SES AI Corp (SES)
CIK:        0001819142
Form:       8-K
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0001819142-23-000021
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SES AI Q4 2022 net loss $0.03; 2022 cash ops $46.5M below guidance; 2023 cash usage guided $130-170M
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- Q4 operating expenses $20.7M (R&D $8.3M, G&A $12.4M); non-cash gain $9.0M from sponsor earn-out liability.
- Full-year 2022 cash from ops $46.5M and capex $14.7M, both below prior guidance of $55-60M and $20-25M.
- Cash and short-term investments $390M at Dec 31, 2022; company says sufficient to reach commercialization.
- 2023 guidance: cash ops $80-100M, capex $50-70M, total cash usage $130-170M; plans to double/triple headcount and hire CMO.
- Transitioning from A-sample to B-sample lines in 2023; Avatar accuracy on 100Ah cells >60% (vs 0% at start of 2022).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819142/000181914223000021/0001819142-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819142/000181914223000021/ses-20230314x8k.htm
  HTML page:      https://secwatch.observer/filing/0001819142-23-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer