Live Reactions After Quantumscape (QS) Earnings?
Briefly

QuantumScape's stock recently surged over 200% but faced a 10% drop following its latest quarterly results, which reported an EPS loss of ($0.20). Despite the loss, the company made significant progress by announcing expanded collaboration with Volkswagen's battery unit PowerCo, securing up to $131 million in milestone payments. They also disclosed a new Joint Development Agreement with another global auto manufacturer. The company confirmed the transition to its "Cobra" ceramic separator process, expected to enable B1 sample shipments by 2025, ensuring a cash runway until 2029.
QuantumScape has undergone a transformative leap with its next-gen "Cobra" ceramic separator process, officially replacing the legacy "Raptor" system and positioning for B1 sample shipments in 2025.
After a notable 200% stock increase in the last three months, QuantumScape faced a 10% drop following the latest quarterly report, reflecting investor concerns despite the company's progress.
Read at 24/7 Wall St.
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