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Sep 30, 2024
Solid Power Q3 2024 Earnings Report
Solid Power's Q3 2024 results were announced, highlighting DOE validation and progress in electrolyte development.
Key Takeaways
Solid Power reported a revenue of $4.7 million for Q3 2024, a decrease compared to Q3 2023. The operating loss was $27.6 million and the net loss was $22.4 million, or $0.13 per share. The company's liquidity remains strong with a total liquidity of $348.1 million as of September 30, 2024.
Solid Power's Q3 revenue reached $4.7 million, down from the previous year due to the timing of BMW JDA milestones.
The company's operating loss for the quarter was $27.6 million, with a net loss of $22.4 million, equating to $0.13 per share.
Total liquidity remains strong at $348.1 million as of September 30, 2024.
Solid Power is progressing with its electrolyte development, supported by the new EIC facility.
Revenue by Segment
Forward Guidance
Solid Power expects 2024 revenue to be in the range of $16 million to $20 million, with total cash investment expected to be in the range of $100 million to $120 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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