NASDAQ$QS
QuantumScape Corporation · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
QuantumScape reported strong technical and business progress during the quarter.
QuantumScape made significant strides in Q1 2021, meeting a key milestone with Volkswagen that resulted in a $100M investment. The company also reported progress on multilayer cells and cells with zero externally applied pressure. They are expanding the QS-0 pre-pilot line and expect to enter 2022 with over $1.3B in liquidity.
- Met a contractually committed milestone with Volkswagen, resulting in a $100M investment.
- Made four-layer cells in the larger form factor with promising initial testing data.
- Achieved over 1,000 cycles with good capacity retention in coin-sized cells with zero externally applied pressure.
- Decided to double the initial planned capacity of QS-0 to over 200,000 cells annually.
Headline financials
Revenue & EPS history
QuantumScape · Revenue · Quarterly
$0
Forward guidance
QuantumScape anticipates increased spending in 2021 to continue momentum, with cash spend on operations and capex expected to be between $260M and $320M for the full year. They expect to enter 2022 with greater than $1.3B in liquidity.
Tailwinds
- Deliver prototype samples in commercially relevant form factors to auto OEMs from our engineering line in 2022
- Provide cells for R&D test cars from QS-0 in 2023
- Enter commercial production in the 2024-2025 timeframe
- Completing the development and testing of the four-layer commercially relevant area cells
- Building 8-10-layer full-sized battery cells that meet our test criteria
Headwinds
- The Company faces significant barriers in its attempts to produce a solid-state battery cell and may not be able to successfully develop its solid-state battery cell.
- Building high volumes of multi-layer cells in the commercial form factor and with higher layer count requires substantial development effort.
- The Company could encounter significant delays and/or technical challenges in replicating the performance seen in its single-layer cells and early tests of the smaller form factor four-layer cells and in achieving the high yield, reliability, uniformity and performance targets required for commercial production and sale.
- The Company may encounter delays and other obstacles in acquiring, installing and operating new manufacturing equipment for automated and/or continuous-flow processes, including vendor delays (which we have already experienced) and challenges optimizing complex manufacturing processes.
- The Company may encounter delays in hiring the engineers it needs to expand its development and production efforts, delays in acquiring the facility for QS-0, and delays caused by the COVID-19 pandemic.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.1%
Avg return
Earnings day
-0.2%
Avg return
5 days after
-0.1%
Avg return
30 days after
40%
10 / 25 earnings
Positive
+22.6%
Q3 2024
Best reaction
-12.0%
Q4 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.4% | -4.7% | +12.0% | |
| Q4 2026 | -12.0% | -18.4% | -23.7% | |
| Q3 2025 | +8.0% | +14.8% | -15.5% | |
| Q2 2025 | -1.6% | -27.7% | -36.4% | |
| Q1 2025 | -0.5% | -0.8% | -0.3% | |
| Q4 2024 | +7.0% | +14.7% | -9.7% | |
| Q3 2024 | +22.6% | +7.4% | -2.6% | |
| Q2 2024 | +2.6% | +2.8% | +4.8% | |
| Q1 2024 | -8.8% | -1.6% | +3.8% | |
| Q4 2023 | -3.5% | -6.4% | -23.9% | |
| Q3 2023 | -11.2% | -10.0% | -2.6% | |
| Q2 2023 | +14.4% | +42.2% | -26.2% | |
| Q1 2023 | -1.0% | -10.6% | -13.3% | |
| Q4 2022 | +9.6% | +15.2% | -16.4% | |
| Q3 2022 | -10.7% | -8.1% | -22.4% | |
| Q2 2022 | +4.8% | +3.3% | +8.7% | |
| Q1 2022 | -5.6% | -4.7% | -22.2% | |
| Q4 2021 | -7.7% | -10.9% | -2.5% | |
| Q3 2021 | -8.2% | +13.4% | +26.1% | |
| Q2 2021 | +7.2% | +1.5% | -5.8% | |
| Q1 2021 | -4.1% | -4.1% | -2.9% | |
| Q4 2019 | -8.0% | -15.2% | -29.0% | |
| Q2 2020 | -8.0% | -15.2% | -29.0% | |
| Q4 2020 | +21.7% | +13.9% | +4.3% | |
| Q3 2020 | -11.8% | +3.3% | +221.9% | |
| Q1 2020 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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