SES AI Q3 net loss $30.2M; lowers FY cash guidance; Li-Metal cells pass safety test

SES AI Corp

2024-Q3 EPS reported -$0.20

GAAP net loss of $30.2M ($0.09 EPS); operating expenses $34.2M.
Full-year 2024 cash usage guidance reduced to $80M-$95M from $100M-$120M.
100Ah Li-Metal B-samples passed GB38031-2020 global EV safety test; milestone toward C-samples and SOP.
UAM lines completed SAT; signed cell supply agreements including with SoftBank.
AI-accelerated battery material discovery revenue pipeline expected in Q4 2024.

item 1.02 item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Anirvan Coomer

Director

SES · SES AI Corp

Effective: 2024-10-29
Filed: October 31, 2024, 7:59 PM ET

On October 29, 2024, Anirvan Coomer resigned from the Board effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Anirvan Coomer resigned as Director at SES AI Corp.

Action: resigned
Role: Director

Exact text from the filing

On October 29, 2024, Anirvan Coomer resigned from the Board effective immediately.

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SES AI Corp filing history →

Source: SEC EDGAR

accession 0001819142-24-000045

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