QuantumScape (QS), which is a pre-revenue company that is developing next-generation solid-state lithium-metal batteries, released its Q4 financial results, with GAAP EPS of -$0.22 beating expectations by $0.02. The company invested $11.2 million in capital expenditures during the quarter in order to support equipment purchases for its QSE-5 B0 sample production.
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For Fiscal Year 2024, QuantumScape reported GAAP operating expenses of $525.2 million and a GAAP net loss of $477.9 million. The company’s adjusted EBITDA loss was $285 million, which was within guidance.
QuantumScape’s Outlook for 2025
Looking ahead to 2025, QuantumScape expects capital expenditures to be between $45 million and $75 million, with an adjusted EBITDA loss of between -$250 million and -$280 million.
It is worth noting that the company ended 2024 with $910.8 million in liquidity, which gives it enough cash runway to last into the second half of 2028. This provides a solid foundation for QuantumScape to achieve its 2025 goals that include the initial shipments of its QSE-5 B1 cells.
Is QS Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Sell consensus rating on QS stock based on two Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 35% decline in its share price over the past year, the average QS price target of $4.65 per share implies 3.7% downside risk. However, it’s worth noting that estimates will likely change following today’s earnings report.
