Solid Power Q1 2024 GAAP EPS $(0.12) Misses $(0.09) Estimate, Sales $5.953M Beat $4.833M Estimate
Portfolio Pulse from Benzinga Newsdesk
Solid Power (NASDAQ:SLDP) reported Q1 2024 earnings with a GAAP EPS of $(0.12), missing the $(0.09) estimate, and sales of $5.953M, beating the $4.833M estimate. This represents a 9.09% decrease in EPS and a 56.99% increase in sales from the same period last year.
May 07, 2024 | 10:06 pm
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NEUTRAL IMPACT
Solid Power reported a Q1 2024 GAAP EPS of $(0.12), missing estimates, but sales of $5.953M exceeded expectations, indicating a mixed financial performance.
The miss in EPS may concern investors about profitability, but the significant beat in sales could indicate growing demand for Solid Power's products, potentially offsetting the negative EPS impact in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100