NASDAQ$QS
QuantumScape Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
QuantumScape reported a net loss for Q1 2024 and continues to focus on the development and production of its solid-state battery technology.
QuantumScape reported a GAAP net loss of $120.6 million and an Adjusted EBITDA loss of $76.2 million for Q1 2024. The company started shipments of Alpha-2 prototype battery cells and is progressing with its Raptor fast separator production process and Cobra process development.
- Started shipments of Alpha-2 prototype battery cells to automotive customers.
- Ramping the Raptor fast separator production process.
- Progressing with low-volume B0 prototype production of QSE-5.
- Preparing the Cobra process to support higher volumes of QSE-5 in 2025.
Headline financials
Revenue & EPS history
QuantumScape · Revenue · Quarterly
$0
Forward guidance
QuantumScape maintains its full-year 2024 guidance for capital expenditures to be between $70M and $120M and for Adjusted EBITDA loss to be between $250M and $300M. The company expects its cash runway to extend into the second half of 2026.
Tailwinds
- Full-year 2024 guidance for capital expenditures to be between $70M and $120M.
- Full-year 2024 guidance for Adjusted EBITDA loss to be between $250M and $300M.
- Cash runway is expected to extend into the second half of 2026.
- Focus on bringing first commercial solid-state lithium-metal battery cell to market for EV applications.
- Increasing focus on intensive collaboration with automotive partners, including prospective launch customer.
Headwinds
- Faces significant challenges in scaling up a solid-state battery cell and producing it at high volumes.
- Could encounter significant delays and/or technical challenges in replicating and scaling up performance.
- May encounter delays and other obstacles in acquiring, installing, and operating new manufacturing equipment.
- May be unable to adequately control the costs associated with its operations.
- Spending may be higher than currently anticipated and may need to raise additional funds, causing dilution.
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 2024
-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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