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QuantumScape (QS)
NYSE:QS
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.24Last Year’s EPS
-0.23Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 11, 2021
|% Change Since: 1.54%
|Next Earnings Date:Feb 16, 2021
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements such as the beginning of B-sample production and a strong partnership with PowerCo, which supports a positive outlook. However, challenges remain in scaling production and managing high operating costs. Overall, the positive developments outweigh the challenges.Company Guidance
In the third quarter of 2024, QuantumScape provided detailed guidance on its progress and financials during its earnings call. The company announced the production and shipment of low-volume B-sample QSE-5 cells, featuring an energy density of 844 watt hours per liter and a rapid charging capability from 10% to 80% in just over 12 minutes. QuantumScape also highlighted its successful implementation of the Raptor separator production process, aimed at improving film quality and reducing energy consumption, with plans to transition to the Cobra process in 2025. Financially, QuantumScape reported capital expenditures of $17.9 million and a GAAP net loss of $119.7 million in Q3, while adjusting its full-year guidance for capital expenditures to between $60 million and $75 million due to deal-related efficiencies and payment shifts. The company ended the quarter with $841 million in liquidity, projecting its cash runway to extend into 2028, facilitated by a strategic licensing agreement with PowerCo, which includes a $130 million royalty prepayment contingent upon technical progress.B-Sample Production and Shipment
QuantumScape began producing and shipping low volumes of B-sample cells for automotive customer testing. The QSE-5 cells have an energy density of 844 watt hours per liter and can charge from 10% to 80% in just over 12 minutes.
Raptor Process Implementation
The Raptor process, a key annual goal, is now the baseline for separator production, improving film quality, performance, heat treatment time, and energy consumption.
Partnership with PowerCo
QuantumScape's collaboration with PowerCo, Volkswagen Group's battery manufacturer, aims to bring QSE-5 technology into mass production at gigawatt-hour scale, including a $130 million royalty prepayment.
Strong Financial Position
QuantumScape ended Q3 with $841 million in liquidity and expects its cash runway to extend into 2028, aided by the PowerCo deal and operational efficiencies.
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QS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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QS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $5.18 | $6.50 | +25.48% |
| Jul 24, 2024 | $7.46 | $6.88 | -7.77% |
| Apr 24, 2024 | $5.48 | $5.10 | -6.93% |
| Feb 14, 2024 | $7.67 | $7.22 | -5.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does QuantumScape (QS) report earnings?
QuantumScape (QS) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is QuantumScape (QS) earnings time?
QuantumScape (QS) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QS EPS forecast?
QS EPS forecast for the fiscal quarter 2024 (Q4) is -0.24.
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