NYSE$SES
Ses Ai Corp · Q2 2024 earnings
Q2 2024 earnings · · After market close · Investor relations
Briefing
Ses Ai Corp reported continued net losses for Q2 2024 while advancing lithium-metal battery development.
The company, still in pre-commercialization stage with no revenues, recorded a net loss of $19.9 million for the three months ended June 30, 2024. Operating expenses rose to $24.6 million, primarily from increased research and development activities. Cash and cash equivalents stood at $54.8 million with total assets at $368.4 million at quarter end.
- No revenue generated as principal operations have not commenced.
- Net loss of $19.9 million for the quarter, up from $12.9 million in Q2 2023.
- Research and development expenses increased significantly to $15.1 million after lower JDA reimbursements.
- Cash position declined to $54.8 million amid ongoing investments in facilities and R&D.
Headline financials
Revenue & EPS history
Ses Ai · Revenue · Quarterly
$0
Forward guidance
Focus remains on EV B-sample JDAs, UAM cell production, and improving Avatar AI accuracy, with transition to C-sample targeted for 2026.
Tailwinds
- Progress on 50Ah and 100Ah automotive Li-Metal cells.
- Extended JDA with Hyundai to December 2025.
- Avatar AI prediction accuracy targeted at 95% by end of 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+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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