QuantumScape Reports Q1 Results: What's Next?
Portfolio Pulse from Erica Kollmann
QuantumScape Corporation (NYSE:QS) reported Q1 financial results with losses of 24 cents per share, meeting analyst estimates and unchanged from the previous year. The company has $1.01 billion in liquidity, expecting its cash runway to extend into the second half of 2026. QuantumScape aims to bring its first commercial solid-state lithium-metal battery cell to market for electric vehicle applications. The company maintained its full-year 2024 guidance for capital expenditures and adjusted EBITDA loss. QS shares dropped 2.55% in after-hours trading.
April 24, 2024 | 8:58 pm
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NEGATIVE IMPACT
QuantumScape reported Q1 losses of 24 cents per share, in line with estimates, and maintains its 2024 financial guidance. The company's focus on bringing a solid-state lithium-metal battery to market remains strong, with sufficient liquidity to support operations into 2026.
The after-hours stock price movement indicates a negative short-term impact, likely due to the reported losses and the market's reaction to the financial results. However, the company's strong liquidity position and clear focus on product development could provide some stability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100