Where Will QuantumScape Stock Be in 1 Year?
QuantumScape (NYSE: QS) posted its second-quarter report on July 24. Once again, the developer of solid-state batteries didn't generate any meaningful revenue because it hadn't commercialized any of its products yet. Its net loss widened year over year from $117 million to $123 million, or $0.25 per share, and missed analysts' estimates by two cents.
On an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis, its loss widened from $64 million to $73 million. It reiterated its previous full-year guidance for an adjusted EBITDA loss of $250 million to $300 million, which would be slightly wider than its adjusted EBITDA loss of $249 million in 2023.
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Source Fool.com
