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Jun 30, 2022
Solid Power Q2 2022 Earnings Report
Announced financial results for the second quarter ended June 30, 2022.
Key Takeaways
Solid Power reported revenue of $2.6 million and a net income of $13.7 million, or $0.08 per diluted share, for the second quarter of 2022. The company's liquidity position remained strong with total liquidity totaling $534.2 million.
Revenue for the second quarter of 2022 was $2.6 million.
Operating loss was $14.7 million for the second quarter of 2022.
Changes in Solid Power’s warrant liabilities resulted in a non-cash gain of $27.5 million in the second quarter of 2022, driving the company to net income of $13.7 million, or $0.08 per diluted share.
Total liquidity totaling $534.2 million as of June 30, 2022.
Forward Guidance
Solid Power now expects 2022 revenue to exceed the high end of the previous guidance range of between $3 million and $5 million. Solid Power reiterates its outlook for total 2022 cash investment of 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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