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

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$0.06

Previous: -$0.04-50.0%
Capital Expenditures

-$3.65M

Previous: -$7.79M+53.2%
Net Income

-$19.9M

Previous: -$12.9M-53.7%
Operating Income

-$24.6M

Previous: -$19.3M-27.8%
Cash & Equivalents

$54.8M

Previous: $51.5M+6.5%
Total Assets

$368M

Previous: $418M-11.9%
R&D Expense

$15.1M

No prior period
Stock-Based Comp

$4.8M

Previous: $7.33M-34.4%

Revenue & EPS history

Ses Ai · Revenue · Quarterly

$0

Q2 2024
Beat estimate in 2 of 4 quarters(50%)
ActualEstimate

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

Historical avg

+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

Earnings price reactions
QuarterReport dateReaction (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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