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Solid Power Lowers Expectation For 2024 Revenue From $20M - $25M To $16M - $20M, Est $22.598M

Author: Benzinga Newsdesk | August 06, 2024 05:42pm

The revised outlook is primarily due to slower than anticipated revenue recognition from the SK On agreements the company entered into earlier this year and, to a lesser extent, delays in forecasted electrolyte sales, rather than a decline in contracted business.

The company continues to expect 2024 cash used in operations to be in the range of $60 million to $70 million and capital expenditures to be in the range of $40 million to $50 million.

Posted In: SLDP


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