QuantumScape reports Q2 EPS (20c), consensus (18c)

Adjusted EBITDA loss was $63.0M in Q2, in line with expectations. QuantumScape (QS) said it ended Q2 with $797.5M in liquidity and extends its guidance for cash runway into 2029. The company said: “This quarter is a major inflection point in our journey, and we are now firmly in the commercialization phase of our company. We believe this expanded deal with PowerCo is an unambiguous demonstration of both the economic value of our solid-state platform and the power of our capital-light business model. Under this model, we have the ability to monetize development activities early on and then collect licensing royalties as our customers ramp production volumes.”