"QuantumScape ( Nasdaq:QS) enters tonight's earnings as a pre-revenue platform transitioning from lab to a scalable ready product. Management tightened CapEx, expanded the Volkswagen PowerCo collaboration with up to $131 million of milestone inflows, signed a second global OEM JDA, and baselined the Cobra separator to unlock B1 shipments. The question now isn't if QS can attract blue-chip partners and how quickly those partnerships translate into validated product, factory-ready processes, and royalty pathways."
"What to Expect Q3 FY2025 EPS (GAAP): -$0.20 (5 analysts; range -$0.22 to -$0.17) Q4 FY2025 EPS (GAAP): -$0.19 FY2025 EPS: -$0.78; FY2026 EPS: -$0.74 FY2026 Revenue (first modeled): ~$5.95M-$10M (QS remains pre-revenue near-term) As a licensing-first, pre-revenue setup, cash runway, CapEx cadence, and customer cash inflows matter more than penny EPS beats. Management guided FY CapEx to $45-$65M and posted Q2 GAAP net loss of $114.7M with $797.5M liquidity."
QuantumScape remains pre-revenue and is moving from lab-stage demonstrations toward scalable, factory-ready battery products. Management reduced planned CapEx and extended the Volkswagen PowerCo collaboration with up to $131 million of milestone inflows, while signing a second global OEM joint development agreement. The Cobra separator has been baselined to enable B1 shipments, and management attributes a step-change in throughput versus Raptor and early 2023 processes. Investors will focus on Cobra yields, reliability, UN 38.3 testing, PowerCo invoicing and accounting treatment, and timing of customer cash inflows relative to the company's cash runway.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]