NYSE$SES
Ses Ai Corp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
SES AI reported a net loss of $0.05 per share in Q1 2023, with operating expenses of $21.6 million and cash, cash equivalents, and marketable securities of $373 million.
SES AI Corporation reported its Q1 2023 financial results, highlighting operating expenses of $21.6 million, a net loss of $0.05 per share, and a strong balance sheet with $373 million in cash, cash equivalents, and marketable securities. The company's financial guidance for 2023 remains unchanged.
- Operating expenses for the first quarter were $21.6 million, including $8.5 million in research and development and $13.1 million in general and administrative expenses.
- Net loss attributable to common stockholders was $0.05 per share on a fully-diluted basis.
- Cash used in operations during the quarter was $15.4 million, with capital spending at $6.0 million.
- The company ended the quarter with $373 million in cash, cash equivalents, and marketable securities, which is believed to be sufficient to reach commercialization.
Headline financials
Revenue & EPS history
Ses Ai · Revenue · Quarterly
$0
Forward guidance
SES AI's financial guidance for 2023 remains unchanged, with expected cash usage from operations between $80 - $100 million and capital expenditures between $50 - $70 million, resulting in total cash usage between $130 - $170 million.
Tailwinds
- Transitioning from A-samples to B-samples in 2023
- Continued spending on headcount to support growth
- Lab expansion to enhance research capabilities
- Investments in equipment and manufacturing facilities
- Sustained focus on materials for battery development
Headwinds
- Cash usage from operations expected to be in the range of $80 - $100 million
- Capital expenditures projected to be in the range of $50 - $70 million
- Total cash usage for the year expected in the range of $130 - $170 million
- Significant spending required to support growth
- Continued investments in key areas such as headcount, lab expansion, equipment, and materials
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+1.5%
Avg return
Earnings day
-0.7%
Avg return
5 days after
-7.7%
Avg return
30 days after
57%
12 / 21 earnings
Positive
+28.4%
Q1 2022
Best reaction
-36.3%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2024 | — | — | — | |
| Q1 2026 | -4.9% | -16.4% | -0.8% | |
| Q4 2025 | -36.3% | -25.7% | -41.8% | |
| Q3 2025 | -1.8% | +4.0% | -2.7% | |
| Q2 2025 | -23.7% | -17.5% | -23.4% | |
| Q1 2025 | +18.5% | +3.5% | +9.6% | |
| Q4 2024 | -5.1% | -31.6% | -35.2% | |
| Q3 2024 | -12.7% | -15.7% | -32.3% | |
| Q1 2024 | -5.4% | -6.1% | -15.5% | |
| Q4 2023 | +23.2% | +21.7% | +20.3% | |
| Q3 2023 | +5.3% | +2.6% | +12.2% | |
| Q2 2023 | +2.7% | -4.3% | -22.4% | |
| Q1 2023 | +10.7% | +2.7% | +42.3% | |
| Q4 2022 | +1.5% | +0.4% | -11.2% | |
| Q3 2022 | +7.4% | +5.0% | -24.5% | |
| Q2 2022 | +11.6% | +11.2% | +3.4% | |
| Q1 2022 | +28.4% | +50.0% | -7.1% | |
| Q4 2021 | +6.6% | +1.9% | -26.5% | |
| Q3 2021 | +5.7% | +0.4% | -5.4% | |
| Q2 2021 | +0.2% | +0.4% | +1.1% | |
| Q1 2021 | -0.7% | -0.3% | -1.2% | |
| Q4 2020 | -0.7% | -0.3% | -1.2% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — |
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