secwatch.observer — SEC 8-K summary
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Issuer:     SES AI Corp (SES)
CIK:        0001819142
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001819142-24-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SES AI reports FY2023 net loss of $53.4M; enters B-sample JDA for Li-Metal batteries
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- Q4 2023 net loss $10.75M ($0.03 loss per share); full year net loss $53.4M vs $50.99M in 2022.
- Operating expenses FY2023 $78.2M; cash used in operations $56.4M, capex $15.8M.
- Ended 2023 with $332M liquidity; expects 2024 operating cash use $90-100M, capex $20-30M.
- Signed world's first automotive B-sample JDA for Li-Metal with major automaker.
- Avatar AI incident prediction accuracy improved to 92% in 2023; targeting 95% in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819142/000181914224000011/0001819142-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819142/000181914224000011/ses-20240226x8k.htm
  HTML page:      https://secwatch.observer/filing/0001819142-24-000011

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