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Solid Power Inc. (SLDP)
:SLDP
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.14Last Year’s EPS
-0.12Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -10.66%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
Solid Power showcased significant advancements and partnerships in 2024, including an increase in revenue and strategic agreements with key industry players. However, the company also faced substantial financial losses and increased expenses, along with uncertainty in grant funding. Despite these challenges, Solid Power's strategic focus on electrolyte innovation and partnerships positions it well for future growth.Company Guidance
During the fourth quarter of 2024, Solid Power Inc. reported a revenue of $20.1 million, marking a 16% increase from the previous year's $17.4 million, slightly exceeding their guidance range of $16 million to $20 million. This growth was largely driven by agreements with SK On, accounting for $11.8 million of the revenue. Operating expenses increased to $125.5 million due to higher R&D costs and scaling operations, leading to an operating loss of $105.3 million and a net loss of $96.5 million, or $0.54 per share. Capital expenditures for 2024 totaled $15.9 million, primarily for the development of their Electrolyte Innovation Center. Solid Power ended the year with a total liquidity of $327.5 million, having invested $63.9 million into operations and $15.9 million into CapEx, which was below their guidance range of $100 million to $120 million. For 2025, the company expects cash investment to be between $100 million and $120 million, excluding any DOE grant benefits, and anticipates revenue to be consistent with or higher than in 2024.Electrolyte Innovation Center Opening
Solid Power opened its state-of-the-art Electrolyte Innovation Center in 2024 to enhance production capabilities and improve electrolyte performance.
Partnership Expansion with SK On
Solid Power signed three key agreements with SK On, including a research and development license, a line installation agreement, and an electrolyte supply agreement, contributing $11.8 million to 2024 revenue.
U.S. Department of Energy Grant
Solid Power was selected for a grant of up to $50 million by the U.S. Department of Energy to install the first globally-known continuous manufacturing process of sulfide-based solid electrolyte materials.
Revenue Growth
Solid Power generated revenue of $20.1 million in 2024, a 16% increase from the previous year, primarily driven by agreements with SK On.
Capital Investment and Liquidity Management
Solid Power maintained financial discipline with a total cash investment of $79.8 million, ending the year with total liquidity of $327.5 million, below the expected range, showcasing effective cost management.
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SLDP 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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SLDP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $1.22 | $1.23 | +0.82% |
| Nov 07, 2024 | $1.18 | $1.16 | -1.69% |
| Aug 06, 2024 | $1.58 | $1.28 | -18.99% |
| May 07, 2024 | $1.79 | $1.74 | -2.79% |
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 Solid Power Inc. (SLDP) report earnings?
Solid Power Inc. (SLDP) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Solid Power Inc. (SLDP) earnings time?
Solid Power Inc. (SLDP) earnings time is at May 13, 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 SLDP EPS forecast?
SLDP EPS forecast for the fiscal quarter 2025 (Q1) is -0.14.
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