Overview

* Solid Power ( SLDP ) Q2 revenue of $6.5 mln

* Company reports Q2 net loss of $25.3 mln, driven by increased operating expenses

* Solid Power ( SLDP ) maintains strong liquidity position with $279.8 mln as of June 30

Outlook

* Solid Power ( SLDP ) aims to drive electrolyte innovation through customer feedback

* Company plans to start installing pilot continuous electrolyte manufacturing line

* Solid Power ( SLDP ) to increase electrolyte sampling using innovation center

* Company maintains financial discipline while investing in technology development

Result Drivers

* FACTORY ACCEPTANCE TESTING - Revenue driven by completion of factory acceptance testing milestone for SK On pilot cell line

* ELECTROLYTE DEMAND - Continued demand for multiple generations of electrolyte from existing and new customers

* COST MANAGEMENT - Company remained fiscally disciplined, identifying opportunities to reduce operating costs while driving innovation

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $6.48 $6.45

Revenue mln mln (2

Analysts

)

Q2 EPS -$0.14

Q2 Net -$25.34

Income mln

Q2 -$25.87

Operatin mln

g Income

Q2 -$26.01

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

* Wall Street's median 12-month price target for Solid Power Inc ( SLDP ) is $2.00, about 81% below its August 5 closing price of $3.62

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)