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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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Comment13

  • JQ62
    ·2021-05-12
    Good
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    • Doris11
      starting to look interesting
      2021-05-12
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  • chubzchubx
    ·2021-05-12
    Comment plz
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  • albert77
    ·2021-05-12
    Bad
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  • bzlim
    ·2021-05-12
    There's no commercial product yet, what to expect other than losses. 
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  • 3nn
    ·2021-05-12
    Looks like it will continue downtrend till yearend! Better not touch this 
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  • InvKeJ
    ·2021-05-12
    Omg
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  • Juvie
    ·2021-05-12
    bearish?
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  • BellcurveGod
    ·2021-05-12
    Dip dip
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  • Ccl2
    ·2021-05-12
    Like
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    • InvKeJ
      like and comment
      2021-05-12
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    • Bliang
      Comment
      2021-05-12
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  • Glenna
    ·2021-05-12
    yes pls like n comment 
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  • Couragesther
    ·2021-05-12
    Patience is needed
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    • FSYE
      yep
      2021-05-12
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  • newbeezz
    ·2021-05-12
    Like and comment
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    • Couragesther
      Sure like And commebt bacK please
      2021-05-12
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  • NKT9493
    ·2021-05-12
    Is it a good long term investment?
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