The solid-state battery maker still faces formidable challenges. QuantumScape (QS 5.69%), a maker of solid-state batteries for electric vehicles (EVs), initially attracted a stampede of bulls when it went public by merging with a special purpose acquisition company (SPAC) in November 2020. The combined company's stock opened at $24.80 and skyrocketed to its record high of $131.67 less than a month later. But today, QuantumScape's stock trades at about $5. The bulls retreated as the company struggled to comm ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39345 QUANTUMSCAPE CORPORATION (Exact name of registrant as specified in its charter) Delaware 85-0796578 (State or other jurisdi ...

Investors are still waiting for a meaningful product advance from Quantumscape. Shares of QuantumScape (QS -6.93%) closed lower today as the development-stage quantum-battery stock reported first-quarter results this morning. Investors seemed to want to see faster progress in the company's battery-cell development. As a result, QuantumScape stock closed the session down 6.9%. ...

Investors in QuantumScape (NYSE:QS) have certainly had a rough go of it lately. Shares of QS stock are down more than 25% this year and considerably more from the company’s 2020/2021 peak. Today’s downside move of more than 8% appears to be driven by the company’s recent first-quarter earnings. The results missed the mark on earnings per share, with a loss of 24 cents per share reported, relative to expectations of only 21 cents of losses for the quarter. This earnings miss led analysts at TD Cowen to lower ...

With QuantumScape’s (NYSE:QS) recent first-quarter earnings report, the devil may be in the details. Earlier, UBS slashed its price target on QS stock to $5 from $9 after the company reported an earnings miss. However, an element of QuantumScape’s core product may have spooked investors. At first glance, the red ink in QS stock appears to be a straightforward matter. On Wednesday, the company — which specializes in solid-state battery (SSB) technology for electric vehicles — reported a loss per share of 24 ...

财务数据和关键指标变化 - 第一季度资本支出为1.41亿美元,主要用于后期年产QSE-5原型电池的低量产,以及科布拉工艺和其他设备的准备,为2025年更高产量的QSE-5原型电池生产做准备 [1][2] - 第一季度GAAP经营费用为1.319亿美元,GAAP净亏损为1.206亿美元,调整后EBITDA亏损为7620万美元 [2] - 公司维持2024年全年调整后EBITDA亏损在2.5亿美元至3亿美元之间的指引 [2] - 公司第一季度末拥有10.1亿美元的流动性,预计现金可持续到2026年下半年 [2] 各条业务线数据和关键指标变化 - 公司已开始向汽车客户发货6层Alpha-2原型电池单元,这是2024年4个关键目标之一 [1][2] - Alpha-2原型电池具有高达10C的放电功率、10%至80%充电15分钟内完成、-25摄氏度下良好的能量密度和续航里程等性能 [1][2] - Alpha-2原型电池采用0.7个大气压的外部压力,与常规电动车电池组设计范围内,而非之前报告的高达20-750个大气压 [1][2] 各个市场数据和关键指标变化 - 公司没有披露具体的市场数据和关键指标变化 公司战略和发展方向及行业竞争 - 公司专注于将首款商用固态锂金属电池电芯推向电动车市场 [1][2][3] - 公司认为固态锂金属电池技术的性能优势已经很明确,并且与客户的密切合作也在不断加强 [3] - 公司采取了严谨的产品开发和工艺部署方法,虽然前方任重道远,但对技术的潜力和影响力充满信心 [1][2][3] - 公司认为当前锂离子电池技术已经无法满足电动车客户对续航里程、充电时间、安全性和循环寿命的需求,固态电池技术是必要的下一代解决方案 [3] 管理层对经营环境和未来前景的评论 - 公司CEO表示,尽管目前存在一些宏观经济和地区性需求波动,但长期来看电动车的市场需求是不可否认的 [3] - 公司CEO认为,当前电动车的价值主张与传统内燃机车型相比仍存在不足,需要安全性更好、使用寿命更长、续航里程更远、充电更快的电池解决方案 [3] - 公司CEO表示,公司的固态锂金属电池技术能够提供性能上的突破,满足电动车市场的需求,有望成为无妥协的主流出行选择 [3] 问答环节重要的提问和回答 问题1 **Gabriel 提问** 询问公司从B样品原型到C样品再到量产的时间节点 [4][5] **Siva Sivaram 回答** 公司目前只能就2024年和2025年的里程碑给出指引,具体的商业化时间表要等待与首发客户的进一步沟通确定 [4][5] 问题2 **Jordan Levy 提问** 询问公司在Raptor工艺改进方面的具体情况 [6][7] **Siva Sivaram 回答** 公司一直在持续优化和自动化Raptor及后续Cobra工艺,确保每个步骤都足够稳健可靠,为后续B样品和量产做好准备 [6][7] 问题3 **Mark 提问** 询问公司在快充条件下电池循环寿命的表现 [6][7] **Siva Sivaram 回答** 公司已经在之前的数据中展示了在快充条件下电池可以经受大量循环,这是公司技术的一大优势所在 [6][7]

Exhibit 99.1 ...

特斯拉裁员计划和福特电动汽车价格削减 - 特斯拉计划裁员超过10％的员工，而福特则将一些电动汽车的价格削减高达5500美元[1] QuantumScape公司股价和市场表现 - QuantumScape公司似乎无法为股东提供长期回报，股价一直处于相同水平[2] - QuantumScape公司再次发货原型电池细胞，但市场对此并不感兴趣，公司的现金和等价物持有量也在迅速减少[3] - QuantumScape公司几乎完美地错过了分析师的季度每股收益预期，即将发布2024年第一季度业绩，分析师预计公司将在该季度亏损23美分[4]

QuantumScape股价表现 - QuantumScape股价今年急剧下跌，与其他电动汽车行业公司一样，已跌至2023年11月的低点[1] - QuantumScape股价已从2023年最高水平下跌了60%，并且与其他电动汽车公司一起出现了大幅抛售[2] QuantumScape电池系统进展 - QuantumScape的电池系统取得了重要进展，充电周期达到了1000次，电池几乎没有老化[3]

Technology specialist QuantumScape (NYSE:QS) — which is researching and developing solid-state batteries (SSBs) for electric vehicles — has struggled badly since peaking in December 2020. However, some developments could help potentially lift QS stock from the doldrums. A critical test will occur on April 24, when the company is scheduled to release its first-quarter earnings report. During the three months ended March 31, QuantumScape made a significant change at the top. In February, the company announced ...