SES AI reports Q1 net loss $0.05/sh, cash $373M, reiterates 2023 guidance

SES AI Corp

2023-Q1 EPS reported -$0.05

Q1 operating expenses $21.6M (R&D $8.5M, G&A $13.1M); net loss per diluted share $0.05.
Cash used in ops $15.4M; capex $6.0M; cash & marketable securities $373M at quarter end.
FY2023 guidance unchanged: total cash usage $130-170M; B-sample transition on track for 2023.
Line 4 facility complete, dry rooms expected summer, equipment arrival fall, ready first-half 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SES AI Corp reported financial results for the fiscal quarter ended March 31, 2023.

Period: the fiscal quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 8, 2023, SES AI Corporation (the “Company”) released a letter to its shareholders, which includes a business update and the Company’s financial results for the fiscal quarter ended March 31, 2023.

View on SEC.gov

Browse all earnings releases →

SES AI Corp filing history →

Source: SEC EDGAR

accession 0001819142-23-000055

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.