SES AI Q2 net loss $0.04/sh; advancing Li-Metal battery to B-sample with new EV and UAM lines

SES AI Corp

2023-Q2 EPS reported -$0.09

Net loss of $0.04/diluted share; operating expenses of $19.3M, with R&D $6.4M and G&A $12.9M.
Ended Q2 with $357M cash and securities; YTD cash used in operations $30.9M.
Guidance unchanged: total 2023 cash usage $130-$170M, trending toward lower end; CapEx $50-$70M.
Transitioning to B-sample: Line 4 for EV, Line 5 for Urban Air Mobility (UAM); targeting 1,000 cells/month/line.
Building Electrolyte Foundry near Boston for novel molecule discovery; hired SVP of Quality Kojima Atsushi.

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