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QuantumScap fell over 6% in morning trading Wednesday

Tiger Newspress2021-05-12

(May 12) QuantumScap fell over 6% in morning trading Wednesday. Earlier QuantumScape , a leader in the development of next-generation solid-state lithium-metal batteries for use in electric vehicles, announced its financial results for the first quarter of 2021, which ended March 31, 2021. Whitch showed:

QuantumScape Q1 GAAP EPS of -$0.20misses by $0.13.

With the expansion of QS-0 line and the associated equity offering, the company plan to increase spending in 2021 to continue the momentum. Based on new projections,  cash spend on operations and capex for the full year to be between $260M and $320M to support development activities and the higher capacity QS-0 line. Net of financing proceeds from follow-on equity offering, VW investment, and public warrant exercises to enter 2022 with greater than $1.3B in liquidity, reflecting a net increase of more than $300M compared to liquidity entering the year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment20

  • ALIBINHASSAN
    ·2021-05-14
    Promises promises.No business no business.Hopelessness hopelessness.
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  • hydros
    ·2021-05-13
    科幻股。沒盈利。目前還不能投資
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  • Venus888
    ·2021-05-13
    Hold
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  • VSkemama
    ·2021-05-13
    Pls ? like and share will return
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    • ocean_wave
      Return. Shares price up many will be happy [比心]
      2021-05-13
      Reply
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    • VSkemama
      Pls ? like and share will return
      2021-05-13
      Reply
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  • stormlee
    ·2021-05-13
    Comment & like pls
    Reply
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    • VSkemama
      Pls ? like and share will return
      2021-05-13
      Reply
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  • Visionz
    ·2021-05-13
    It will be breakthrough for battery technology. [開心] 
    Reply
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  • Chempedak
    ·2021-05-12
    Ok
    Reply
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  • kingsagar
    ·2021-05-12
    Wow
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  • OWYONG
    ·2021-05-12
    Haiz
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  • Peiqi
    ·2021-05-12
    Ouch!
    Reply
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    • OWYONG
      pain
      2021-05-12
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  • AALPHA
    ·2021-05-12
    Sad 
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    • OWYONG
      yup... must wait
      2021-05-12
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  • FrankPang
    ·2021-05-12
    Like n comment
    Reply
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    • OWYONG
      like
      2021-05-12
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  • acaq
    ·2021-05-12
    .
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  • Chonky
    ·2021-05-12
    Ok
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    • xxbbew
      yes
      2021-05-12
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  • BraydenChin
    ·2021-05-12
    Why is this deopoingt?
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  • Kentotoro
    ·2021-05-12
    Bad day?
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    • leolow84
      [微笑]
      2021-05-12
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    • thuiching
      pls comment bck n like
      2021-05-12
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    • RBeaver
      Ye
      2021-05-12
      Reply
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    View more 1 comments
  • Xinyong
    ·2021-05-12
    Comment pls 
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  • Captangy
    ·2021-05-12
    Same here haha
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  • YueJun
    ·2021-05-12
    Please comment
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    • Xinyong
      Reply pls
      2021-05-12
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    • Captangy
      vested in QS?
      2021-05-12
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    • Chonky
      Reply
      2021-05-12
      Reply
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  • wednesdav
    ·2021-05-12
    hi pls like and comment
    Reply
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    • Xinyong
      Reply pls
      2021-05-12
      Reply
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