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Sep 30, 2022
Solid Power Q3 2022 Earnings Report
Solid Power's Q3 2022 financial results were announced, highlighting increased revenue and ongoing investments in product development and scaling operations.
Key Takeaways
Solid Power reported revenue of $2.8 million for Q3 2022, a significant increase compared to $0.6 million in Q3 2021. The company experienced lower yields in 20 Ah cell production, impacting the timeline for A-sample EV cell production. Operating loss was $15.6 million, and net loss was $12.4 million, or $0.07 per diluted share. The company's liquidity position remained strong with total liquidity of $507.6 million as of September 30, 2022.
Q3 2022 revenue reached $2.8 million, up from $0.6 million in Q3 2021.
Lower yields in 20 Ah cell production affected the timeline for A-sample EV cell production.
Operating loss for the quarter was $15.6 million, and net loss was $12.4 million, or $0.07 per diluted share.
The company maintains a strong liquidity position with $507.6 million in total liquidity.
Forward Guidance
Solid Power anticipates total 2022 cash investment to be between $120 - $130 million and expects to have total combined cash, cash equivalents, marketable securities and long-term investments of between $460 to $470 million at the end of the year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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