NASDAQ$SLDP

Solid Power Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Solid Power's third quarter results were released, highlighted by the shipment of first A-sample EV cells for automotive qualification.

Solid Power reported a revenue increase of $3.6 million compared to Q3 2022, driven by joint development agreements. The company's operating loss was $21.5 million and net loss was $15.1 million, or $0.08 per share. They shipped their first A-sample cells to enter automotive qualification.

  • Shipped first A-Sample EV cells for BMW, marking a major milestone.
  • Began the formal automotive qualification process.
  • Increased electrolyte production at SP2 and phased out SP1 powder production.
  • Liquidity position remained strong with $422.3 million total liquidity.

Headline financials

Total Revenue

$6.37M

Previous: $2.81M+126.3%
EPS (adj)

-$0.08

Previous: -$0.07-14.3%
Capital Expenditures

$8.3M

No prior period
Free Cash Flow

-$44.7M

Previous: -$60.3M+25.9%
Net Income

-$15.1M

Previous: -$12.4M-22.1%
Operating Income

-$21.5M

Previous: -$15.6M-37.8%
Gross Profit

$6.37M

Previous: $2.81M+126.3%
Cash & Equivalents

$27.5M

Previous: $97.7M-71.9%
Total Assets

$544M

Previous: $598M-9.0%
R&D Expense

$14.2M

No prior period
Stock-Based Comp

$3.3M

Previous: $2.59M+27.6%

Revenue & EPS history

Solid Power · Revenue · Quarterly

$6.37M

Q3 2023+126.3%vs Q3 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Solid Power's 2023 outlook and goals remained unchanged. Cash used in operations and capital expenditures are expected to be slightly below original ranges, while revenue is still expected to be in the range of $15 million to $20 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 Q3 2023

Historical avgQ3 2023

+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

Earnings price reactions
QuarterReport dateReaction (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%

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