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QuantumScape Stock Falls On Q2 Results: Here's Why
QuantumScape Corporation (NYSE:QS) reported its second-quarter financial results Wednesday. Here's a look at the details:
The Details: QuantumScape reported GAAP quarterly losses of 25 cents per share which missed the analyst consensus estimate of losses of 23 cents by 8.7%.
The company reported capital expenditures in the second quarter were $18.9 million and primarily supported equipmentpurchases for low-volume QSE-5 prototype production, as well as the Cobra process and other equipment as the company prepares for higher-volume QSE-5 prototype ...