Solid Power reports 52% revenue increase to $17.4M in 2023, driven by joint development agreements, with expectations of $20-25M revenue in 2024.
Solid Power, a solid-state battery tech developer, reported a 52% revenue increase in 2023, reaching $17.4M driven by joint development agreements. Despite a net loss of $65.5M, the company's liquidity position remains strong at $415.6M. For 2024, they expect cash used in operations to be between $60-70M, with capital expenditures ranging from $40-50M. Revenue for 2024 is projected to be between $20-25M.
February 27, 2024
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