NASDAQ$SLDP
Solid Power Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Solid Power's Q1 2024 results reflected continued progress towards its 2024 goals.
Solid Power reported a revenue of $6.0 million for the first quarter of 2024, an increase of $2.2 million compared to the first quarter of 2023. The increase was driven by continued execution under the company’s joint development agreements and other collaborative arrangements. The company's operating loss was $25.8 million and net loss was $21.2 million, or $0.12 per share. Total liquidity as of March 31, 2024, was $378.9 million.
- Solid Power delivered $6.0 million in revenue during the first quarter of 2024, an increase of $2.2 million compared to the first quarter of 2023.
- The increase in revenue was driven by continued execution under the company’s joint development agreements and other collaborative arrangements.
- First quarter 2024 operating loss was $25.8 million and net loss was $21.2 million, or $0.12 per share.
- Total liquidity as of March 31, 2024, was $378.9 million.
Headline financials
Revenue & EPS history
Solid Power · Revenue · Quarterly
$5.95M
Forward guidance
Solid Power expects 2024 cash used in operations to be in the range of $60 million to $70 million and capital expenditures to be in the range of $40 million to $50 million. The company also reiterated its expectation for 2024 revenue to be in the range of $20 million to $25 million.
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
+3.4%
Avg return
Earnings day
+2.4%
Avg return
5 days after
-5.5%
Avg return
30 days after
57%
12 / 21 earnings
Positive
+51.5%
Q3 2025
Best reaction
-19.0%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.7% | -10.3% | -16.8% | |
| Q4 2025 | +7.9% | +0.0% | -17.5% | |
| Q3 2025 | +51.5% | +30.9% | -7.9% | |
| Q1 2025 | +5.4% | +26.5% | +42.5% | |
| Q4 2024 | +0.8% | -7.4% | -11.5% | |
| Q3 2024 | -0.9% | -9.4% | -6.0% | |
| Q2 2024 | -19.0% | -15.2% | -20.3% | |
| Q1 2024 | -8.9% | -9.9% | -12.0% | |
| Q4 2023 | +3.1% | +1.2% | +25.3% | |
| Q3 2023 | +12.4% | -1.5% | +2.2% | |
| Q2 2023 | +8.1% | -2.8% | -14.2% | |
| Q1 2023 | -1.4% | -5.7% | +16.7% | |
| Q4 2022 | -13.3% | -4.7% | -13.9% | |
| Q3 2022 | -8.7% | +0.5% | -53.2% | |
| Q2 2022 | +11.3% | +8.6% | -7.3% | |
| Q1 2022 | -2.2% | +15.7% | +4.6% | |
| Q4 2020 | +12.8% | +6.5% | -4.9% | |
| Q4 2021 | +3.2% | +4.2% | -8.4% | |
| Q3 2021 | +11.9% | +12.2% | -19.2% | |
| Q2 2021 | -0.3% | -0.4% | +0.9% | |
| Q1 2021 | +3.2% | +11.5% | +6.1% |
Discussion
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