secwatch.observer — SEC 8-K summary
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Issuer:     SES AI Corp (SES)
CIK:        0001819142
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001819142-23-000069
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819142/000181914223000069/0001819142-23-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819142/000181914223000069/ses-20230808x8k.htm
  HTML page:      https://secwatch.observer/filing/0001819142-23-000069

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