Battery startup QuantumScape posts wider Q1 loss

Dow Jones2021-05-12

MW Battery startup QuantumScape posts wider Q1 loss

QuantumScape Corp. $(QS)$ shares fell 4% in the extended session Tuesday after the battery-maker startup reported a wider-than-expected quarterly loss for its first quarter. QuantumScape said it lost $75 million in the quarter, or 20 cents a share, compared with a loss of 6 cents a share in the year-ago quarter. Analysts polled by FactSet had expected a loss of 7 cents a share for the quarter. In a letter to investors, the startup said it met a contractual milestone with Volkswagen AG and delivered battery cells for further testing at the car maker, an investor in the company, which resulted in an an additional $100 million into QuantumScape in April, it said. With proceeds from its follow-on equity offering, the Volkswagen investment, and public warrant exercises, it expects to enter 2022 "with greater than ($1.3 billion) in liquidity, reflecting a net increase of more than $300M compared to our liquidity entering the year," it said. Shares of QuantumScape ended the regular trading day up 3.6%.

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Comments

JQ62
2021-05-12
JQ62
Good
- Doris11:
  starting to look interesting
chubzchubx
2021-05-12
chubzchubx
Comment plz
albert77
2021-05-12
albert77
Bad
bzlim
2021-05-12
bzlim
There's no commercial product yet, what to expect other than losses.
3nn
2021-05-12
3nn
Looks like it will continue downtrend till yearend! Better not touch this
InvKeJ
2021-05-12
InvKeJ
Omg

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Better not touch this&nbsp;","listText":"Looks like it will continue downtrend till yearend! Better not touch this&nbsp;","text":"Looks like it will continue downtrend till yearend! Better not touch this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193810658","repostId":2134660097,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":193896856,"gmtCreate":1620778660075,"gmtModify":1704348157552,"author":{"id":"3568604152273081","authorId":"3568604152273081","name":"InvKeJ","avatar":"https://static.tigerbbs.com/eb46c2d2a0ca796984a96209e201759d","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193896856","repostId":2134660097,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":50,"commentSize":13,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2134660097"}