QuantumScape Corporation reported a net loss of $119.7 million for Q3 2024, with operating expenses of $130.2 million, primarily driven by research and development costs of $97.0 million. Revenue remains at zero as the company continues to focus on developing its solid-state battery technology. The quarter ended with $841.0 million in cash and marketable securities, providing runway into 2028.The company made progress in its battery development efforts, including work on the QSE-5 product and collaboration with PowerCo. Research and development expenses increased 10% year-over-year due to expanded personnel costs, depreciation, and material supplies. General and administrative expenses remained relatively flat at $33.2 million.In July 2024, QuantumScape entered into a Collaboration Agreement with PowerCo to industrialize its solid-state lithium-metal battery technology, replacing the previous joint venture arrangement. The company continues to focus on improving quality, consistency, reliability and throughput of its solid-state electrolyte-separators while expanding its QS-0 pre-pilot production facility capabilities.

QuantumScape Corporation reported a net loss of $119.7 million for Q3 2024, with operating expenses of $130.2 million, primarily driven by research and development costs of $97.0 million. Revenue remains at zero as the company continues to focus on developing its solid-state battery technology. The quarter ended with $841.0 million in cash and marketable securities, providing runway into 2028.The company made progress in its battery development efforts, including work on the QSE-5 product and collaboration with PowerCo. Research and development expenses increased 10% year-over-year due to expanded personnel costs, depreciation, and material supplies. General and administrative expenses remained relatively flat at $33.2 million.In July 2024, QuantumScape entered into a Collaboration Agreement with PowerCo to industrialize its solid-state lithium-metal battery technology, replacing the previous joint venture arrangement. The company continues to focus on improving quality, consistency, reliability and throughput of its solid-state electrolyte-separators while expanding its QS-0 pre-pilot production facility capabilities.