NASDAQ$SLDP

Solid Power Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Solid Power's Q3 2024 results were announced, highlighting DOE validation and progress in electrolyte development.

Solid Power reported a revenue of $4.7 million for Q3 2024, a decrease compared to Q3 2023. The operating loss was $27.6 million and the net loss was $22.4 million, or $0.13 per share. The company's liquidity remains strong with a total liquidity of $348.1 million as of September 30, 2024.

  • Solid Power's Q3 revenue reached $4.7 million, down from the previous year due to the timing of BMW JDA milestones.
  • The company's operating loss for the quarter was $27.6 million, with a net loss of $22.4 million, equating to $0.13 per share.
  • Total liquidity remains strong at $348.1 million as of September 30, 2024.
  • Solid Power is progressing with its electrolyte development, supported by the new EIC facility.

Headline financials

Total Revenue

$4.65M

Previous: $6.37M-26.9%
EPS

-$0.13

Previous: -$0.08-62.5%
Total Liquidity

$327M

No prior period
Capital Expenditures

-$11.2M

Previous: -$29.5M+61.9%
Free Cash Flow

-$33.7M

Previous: -$44.7M+24.7%
Net Income

-$22.4M

Previous: -$15.1M-48.1%
Operating Income

-$27.6M

Previous: -$21.5M-28.3%
Gross Profit

$4.65M

Previous: $6.37M-26.9%
Cash & Equivalents

$38M

Previous: $27.5M+38.3%
Total Assets

$471M

Previous: $544M-13.4%
R&D Expense

$17.3M

Previous: $14.2M+21.7%
Stock-Based Comp

$3.07M

Previous: $3.3M-6.9%

Revenue & EPS history

Solid Power · Revenue · Quarterly

$4.65M

Q3 2024-26.9%vs Q3 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Solid Power expects 2024 revenue to be in the range of $16 million to $20 million, with total cash investment expected to be in the range of $100 million to $120 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 2024

Historical avgQ3 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

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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