Financial PerformanceSLDP lowered full year revenue guidance, citing an updated accounting treatment with partner SK On, and slower electrolyte partner revenue vs prior expectations.
Product DevelopmentThe uptake and development of the electrolyte is materializing more slowly than management originally expected.
Revenue GuidanceManagement revised revenue guidance down by -20% to $18MM at the midpoint v $22.5MM prior largely relating to the accounting treatment of the SK On agreement, but also due to the uptake and development of the electrolyte being slower than originally forecasted.