secwatch.observer — SEC 8-K summary
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Issuer:     SES AI Corp (SES)
CIK:        0001819142
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001819142-24-000022
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SES AI Q1 loss $15.6M, affirms guidance; secures two B-sample JDAs, first Li-Metal line at Hyundai
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- Net loss $15.6M ($0.05/sh); operating expenses $21.3M; cash used $9.0M; capex $6.8M.
- FY2024 guidance affirmed: cash from ops $90-100M, capex $20-30M; liquidity $319M.
- First Li-Metal battery co with two B-sample JDAs; building line inside Hyundai's facility (Q4 2024).
- Avatar AI prediction accuracy 92% (2022:60%); target 95% by year end 2024.
- UAM line conversion by Sep 2024; sampling deals with top five UAM OEMs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819142/000181914224000022/0001819142-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819142/000181914224000022/ses-20240502x8k.htm
  HTML page:      https://secwatch.observer/filing/0001819142-24-000022

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