QuantumScape Misses On Q2 Earnings: What Investors Need To Know
Portfolio Pulse from Ryan Gustafson
QuantumScape Corporation reported Q2 losses of 26 cents per share, missing the analyst consensus estimate of a loss of 20 cents. The company ended the quarter with over $900 million in liquidity and sees its cash runway extending into the second half of 2025. QuantumScape also reported that it has shipped high cathode-loading unit cells to multiple automotive partners, a significant step toward delivering a commercial product.
July 26, 2023 | 9:26 pm
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NEGATIVE IMPACT
QuantumScape's Q2 earnings miss could negatively impact its stock price in the short term. However, the company's strong liquidity position and progress in product development could provide some support.
QuantumScape's stock price could be negatively impacted in the short term due to the company's Q2 earnings miss. However, the company's strong liquidity position and progress in product development could provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100