QuantumScape reports Q4 EPS (23c), consensus (34c)

The company said, “We expect our transformation to continue in 2024, culminating in the integration of these improvements into our target first commercial product, the QSE-5 cell. Our goal is to begin low volume QSE-5 prototype production in 2024, with higher volumes targeted in 2025. To facilitate this transformation and the subsequent industrialization of our solid-state lithium-metal technology, in 2023 we bolstered our balance sheet, engaged with some of the world’s largest automakers as prospective customers, and recruited top talent from across the battery and high-tech manufacturing industries, including our President, r. Siva Sivaram.”