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Dec 31, 2022
Solid Power Q4 2022 Earnings Report
Estimated Revenue:$969K
Estimated EPS:-$0.103
514.8% YoY
Key Takeaways
Solid Power reported full-year 2022 financial results, featuring revenue of $11.8 million, driven by joint development agreements, government contracts, and product sales. The company invested in operational infrastructure and achieved development milestones, while operating loss was $59.1 million and net loss was $9.6 million, or $0.05 per diluted share. The company ended the year with a strong liquidity position of $496.1 million.
Revenue increased to $11.8 million in 2022 due to strong execution under joint development agreements and government contracts.
Operating expenses increased due to planned investments in product development and scaling of operations.
Operating loss for 2022 was $59.1 million and net loss was $9.6 million, or $0.05 per diluted share.
Liquidity position remained strong with total liquidity of $496.1 million as of December 31, 2022.
Forward Guidance
Solid Power anticipates cash used in operations to be between $70 million and $80 million and capital expenditures to range from $50 million to $60 million in 2023. 2023 revenue is expected to be the in range of $15 million to $20 million.
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