Solid Power reports Q2 EPS (7c), consensus (11c)

Reports Q2 revenue $4.91M, consensus $4.06M. “Solid Power has made tremendous progress furthering its technology and operational capabilities this year,” said John Van Scoter, president and CEO of Solid Power. “During the year to date, we continued to execute on our joint development agreements and further extended our agreement with Ford. With respect to electrolyte, the team completed the build-out of our electrolyte production line, started and began scaling up production, and is producing electrolyte that meets our internal performance and quality metrics. Most importantly, we are receiving positive feedback from industry leaders and believe there may be an opportunity to accelerate our timeline for future electrolyte sales.”