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Mar 31, 2022
Solid Power Q1 2022 Earnings Report
Solid Power's Q1 2022 financial results were announced, highlighting progress towards delivering on the accelerated investment timeline and nearing completion of the EV cell pilot line.
Key Takeaways
Solid Power reported revenue of $2.2 million for Q1 2022, up from $0.5 million in Q1 2021. The net loss was $10.3 million, or $0.06 per diluted share, compared to a net loss of $7.2 million, or $0.10 per diluted share, during the same quarter in 2021. The company reiterated its financial guidance for the year.
Revenue for the first quarter of 2022 was $2.2 million, up from $0.5 million in the first quarter of 2021.
Net loss was $10.3 million, or $0.06 per diluted share, compared to a net loss of $7.2 million, or $0.10 per diluted share, during the same quarter in 2021.
Capital expenditures during the first quarter of 2022 were $10.5 million.
Solid Power expects 2022 revenue to range between $3.0 million to $5.0 million.
Forward Guidance
Solid Power reiterates its financial guidance for the year, with 2022 revenue expected to range between $3.0 million to $5.0 million and total 2022 cash investment between $150 million and $170 million. Solid Power expects to have total combined cash, cash equivalents, marketable securities and long-term investments of between $420 to $440 million at the end of the year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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