NYSE$SES
Ses Ai Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
SES AI reported a net loss of $0.04 per share in Q3 2023.
SES AI is transitioning to B samples and expects to sign a joint development agreement with an OEM customer. The company reported a net loss of $0.04 per share and ended the quarter with $342 million in cash, cash equivalents, and marketable securities.
- SES AI expects to sign a B-sample joint development agreement with an OEM customer in the next few weeks.
- The company's advancements address safety issues in both Li-ion and Li-Metal batteries.
- SES AI completed its second testing bunker to test new battery technologies.
- The company is on track for the transition to B-samples by the end of this year.
Headline financials
Revenue & EPS history
Ses Ai · Revenue · Quarterly
$0
Forward guidance
SES AI updated guidance for total cash usage in 2023 is now $85 - $105 million, comprised of cash usage from operations of $65 - $75 million and for capital expenditures in the range of $20 - $30 million.
Tailwinds
- Transitioning to B-samples
- Signing a joint development agreement with an OEM customer
- Advancements in battery safety
- Completion of the second testing bunker
- Strong liquidity position to invest in next-generation manufacturing lines
Headwinds
- Net loss attributable to common stockholders was a loss of $0.04 per share
- Cash used in operations was $43.9 million year-to-date
- Capital expenditures so far this year has been $12.3 million
- Updated guidance for total cash usage in 2023 is now $85 - $105 million
- The bulk of capital expenditures for line 4 and line 5 to fall in the first-half of calendar year 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 · overlaid with Q3 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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