Sector: Consumer Cyclicals | Industry: Auto, Truck & Motorcycle Parts |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 486 S. Pierce Ave., Suite E LOUISVILLE CO 80027 |
Tel: | 1-800-7997380 |
Website: | https://solidpowerbattery.com |
IR: | See website |
Key People | ||
John Van Scoter President, Chief Executive Officer, Director | Kevin A. Paprzycki Chief Financial Officer, Treasurer | Derek C. Johnson Chief Operating Officer |
Joshua R. Buettner-Garrett Chief Technology Officer | James Liebscher Secretary, Chief Legal Officer |
Business Overview |
Solid Power, Inc. is a developer of solid-state battery technology. The Company is focused on producing and distributing sulfide-based solid electrolyte material for powering both electric vehicles (EVs) and other applications. The Company's technology is its proprietary solid electrolyte material, which replaces the liquid or gel electrolyte used in traditional lithium-ion batteries. Its business model - selling its electrolyte to cell manufacturers and licensing its cell designs and manufacturing processes. The Company is also developing solid-state cells with its electrolyte to commercialize its technology by selling its electrolyte material and licensing its cell designs. The Company develops its cells on its two pilot lines, producing multiple cell sizes to both support its partners and refine cell designs. The Company manufactures all of its cell designs, including its cathodes and anodes, using materials sourced from external suppliers. Its products are in the development stage. |
Financial Overview |
For the three months ended 31 March 2024, Solid Power Inc revenues increased 57% to $6M. Net loss increased 11% to $21.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects United States segment loss increase of 21% to $25.8M. Basic Earnings per Share excluding Extraordinary Items decreased from -$0.11 to -$0.12. |