SES AI reports Q3 net loss $0.04/sh; cash $342M; expects Li-Metal B-sample JDA soon

SES AI Corp

2023-Q3 EPS reported -$0.14

Operating expenses $19.4M ($8.5M R&D, $10.9M G&A); net loss $0.04/sh fully diluted.
Cash and securities $342M; 2023 total cash usage guidance $85-$105M.
Expects to sign world's first automotive Li-Metal B-sample JDA with OEM in coming weeks.
Safety breakthroughs: new cathode, self-venting, protected anode; second testing bunker completed.
Three A-sample lines operational; two B-sample lines under prep with vendor qualification reviews.

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 September 30, 2023.

Period: the fiscal quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 7, 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 September 30, 2023.

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Source: SEC EDGAR

accession 0001819142-23-000085

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