Solid Pwr Inc - SLDPW STOCK NEWS

Solid Power (Nasdaq: SLDP) reported its Q3 2024 results on November 7, 2024. The company was selected by the U.S. Department of Energy for a potential $50 million award to enhance sulfide-based solid electrolyte materials. Development activities have commenced in the Electrolyte Innovation Center (EIC). The company achieved all 2024 milestones under the SK On agreements and extended its joint development agreement with BMW.

Financially, Solid Power reported Q3 2024 revenue of $4.7 million, down $1.7 million YoY, primarily due to the timing of BMW JDA milestones. Year-to-date revenue was $15.7 million, up $0.6 million YoY. Operating expenses increased due to higher production and development costs. Q3 operating loss was $27.6 million, with a net loss of $22.4 million ($0.13 per share). Liquidity stood at $348.1 million as of September 30, 2024.

The company expects 2024 revenue to range between $16 million and $20 million, with total cash investment between $100 million and $120 million.

Solid Power (Nasdaq: SLDP), a leading developer of solid-state battery technology, has announced the timing for its third quarter 2024 earnings release and conference call. The company will release its Q3 2024 results after market close on Thursday, November 7, 2024. This will be followed by a conference call at 2:30 p.m. MT (4:30 p.m. ET) on the same day.

Investors and interested parties can access the call through a live audio webcast on Solid Power's Investor Relations website at www.solidpowerbattery.com/investor-relations. For those unable to attend the live call, an audio replay will be made available at the same location.

Solid Power (Nasdaq: SLDP) has been selected by the U.S. Department of Energy for up to $50 million in federal funding negotiations. The company plans to use this funding to install the first globally known continuous manufacturing process of sulfide-based solid electrolyte materials for advanced all-solid-state batteries (ASSBs) at its Thornton, CO facility.

The expansion aims to support Solid Power's technology roadmap and meet anticipated customer demand as they transition to ASSB technology. The company plans to increase its annual electrolyte production capacity from 30 metric tons to 75 metric tons in 2026 and 140 metric tons in 2028. This continuous manufacturing process is expected to significantly lower production costs.

The project is anticipated to create up to 40 full-time manufacturing jobs and up to 100 union construction positions. Solid Power does not expect the DOE funding to materially impact its financial outlook for the current fiscal year.

Solid Power (Nasdaq: SLDP), a developer of solid-state battery technology, reported its Q2 2024 financial results. The company generated $5.1M in revenue, up $0.2M YoY, and $11.0M for H1 2024, up by $2.3M. However, the operating loss was $26.9M, and net loss was $22.3M, or $0.13 per share. For H1 2024, the operating loss was $52.7M, and net loss was $43.5M, or $0.24 per share. Solid Power's liquidity remains strong at $358.8M as of June 30, 2024. The company highlighted progress in electrolyte sampling, A-2 cell design advancements, and meeting R&D milestones. Despite positive developments, management has revised 2024 revenue expectations to $16M-$20M due to slower revenue recognition from SK On agreements and delays in electrolyte sales.

Solid Power (Nasdaq: SLDP), a leading developer of solid-state battery technology, has announced its participation in the J.P. Morgan 2024 Auto Conference. The event is scheduled for August 8, 2024, at 10:15 AM Eastern Time in New York, NY.

Investors and interested parties can access a live webcast of the conference through Solid Power's investor relations website. A replay of the event will be available for a time following the conference, providing an opportunity for those unable to attend live to catch up on the company's presentation and insights.

This participation underscores Solid Power's commitment to engaging with investors and showcasing its advancements in solid-state battery technology, which is important for the future of electric vehicles and energy storage solutions.

Solid Power (Nasdaq: SLDP), a solid-state battery technology developer, has announced the timing for its second quarter 2024 earnings release and conference call. The company will release its Q2 2024 results after market close on Tuesday, August 6, 2024, followed by a conference call at 2:30 p.m. MT (4:30 p.m. ET) on the same day.

Investors can access the live webcast through Solid Power's Investor Relations website or join the call by phone. A recording will be available approximately three hours after the call, accessible via the website or by phone until August 20, 2024.

Solid Power has appointed Linda Heller as its new Chief Financial Officer and Treasurer, effective immediately, succeeding Kevin Paprzycki. Heller brings extensive experience from the renewable and semiconductor industries, having previously served as CFO for Swell Energy, Deca Technologies, and eSolar.

The company reaffirmed its 2024 guidance, expecting cash used in operations to be $60-$70 million and capital expenditures to be $40-$50 million. Total cash investment for 2024 is projected between $100 million and $120 million, with anticipated revenue in the range of $20 million to $25 million. Solid Power aims to expand its electrolyte capabilities, advance A-2 sample cell designs, and strengthen its presence in Korea.

Solid Power, a leading solid-state battery technology developer, reported its Q1 2024 operational and financial results. Revenue increased to $6.0 million, with an operating loss of $25.8 million. The company's liquidity position remains strong at $378.9 million. Q1 2024 highlights include strong execution on key milestones, electrolyte sampling expansion, and A-2 cell development. Solid Power aims to strengthen its leadership in solid-state battery tech in 2024.