Overview
- The company posted a loss of 18 cents per share versus a 21-cent estimate and booked $12.8 million in customer billings, which it will now emphasize in disclosures.
- Total liquidity stood at about $1.08 billion, and management reiterated a cash runway they believe lasts through the end of the decade.
- Full-year adjusted EBITDA loss is now forecast at $245 million to $260 million, and full-year capex guidance was lowered to roughly $30 million to $40 million.
- QuantumScape began shipping QSE-5 B1 cells using its Cobra process, with real-world testing on Ducati’s V21L and installation of the Eagle Line automated pilot line progressing in San Jose.
- After an initial sell-off on headline losses, shares rebounded over two sessions, with Friday’s close up 14.7% at $16.82 as investors reassessed the milestones.