NASDAQ$QS
QuantumScape Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
QuantumScape reported substantial commercial and technical achievements, including third-party validation of single-layer cells and a new agreement with a top-10 global automotive OEM.
QuantumScape reported on its progress in Q3 2021, highlighting the validation of its single-layer cells by a third-party lab, an agreement with a new top-10 global automotive OEM, and advancements in cell development and manufacturing progress. The company ended the quarter with over $1.5 billion in liquidity and reiterated its guidance for 2021.
- Third-party testing replicated impressive performance of single-layer cells, with over 800 cycles at 25°C and 1C charge/discharge rates.
- A new agreement was established with a top-10 global automotive OEM for battery evaluation and potential inclusion in pre-series and series production vehicles.
- Four-layer cells demonstrated one-hour charge and discharge cycling with cycle life exceeding 80% after 800 cycles.
- The company ended Q3 with over $1.5B in liquidity and is focused on achieving its 10-layer cell goal and delivering prototype samples in 2022.
Headline financials
Revenue & EPS history
QuantumScape · Revenue · Quarterly
$0
Forward guidance
QuantumScape is prioritizing investments to support key milestones, focusing on achieving its 10-layer cell goal and delivering prototype samples to automotive OEMs in 2022, while targeting commercial production in 2024-2025.
Tailwinds
- Completing three out of four key 2021 milestones.
- Focusing on achieving 10-layer cell goal.
- Delivering prototype samples in commercially relevant form factors to automotive OEMs from engineering lines in 2022.
- Targeting providing cells for R&D test cars from QS-0 in 2023.
- Entering commercial production in the 2024–2025 timeframe.
Headwinds
- Significant barriers in 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 multilayer cells in commercially relevant area and with higher layer count requires substantial development effort.
- Could encounter significant delays and/or technical challenges in replicating the performance seen in its single-layer and four-layer cells and early tests of its ten-layer cells and in achieving the high quality, consistency and throughput required for commercial production and sale.
- May encounter delays in hiring the engineers it needs to expand its development and production efforts, delays in building out QS-0, and delays caused by the COVID-19 pandemic.
- May be unable to adequately control the costs associated with its operations and the components necessary to build its solid-state battery cells at competitive prices.
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 Q3 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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