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Despite boosted sales, Solid Power’s net losses grow

Summary by Ground News
Solid Power Inc., (Nasdaq: SLDP) posted strong year-over-year revenue growth in the third quarter of 2022. The Louisville company's net loss grew due to increased expenses in the most-recent period. The company had hoped to begin delivery of EV cell samples this year, but Solid Power now says that delivery might be delayed until 2023.
Published 4 months ago · Louisville, United States

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Despite boosted sales, Solid Power’s net losses grow

Solid Power Inc., (Nasdaq: SLDP) which makes solid-state batteries for electric vehicles, posted strong year-over-year revenue growth in the third quarter of 2022, but the Louisville company’s net loss grew due to increased expenses in the most-recent period.Revenue for the third quarter of 2022 was $2.8 million, up from $600,000 during the same period last year.Solid Power posted a net loss of $12.4 million, or 7 cents  per diluted share, up fr…

4 months ago·Boulder, United States
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Despite boosted sales, Solid Power grows losses – BizWest

LOUISVILLE — Solid Power Inc., (Nasdaq: SLDP) which makes solid-state batteries for electric vehicles, posted strong year-over-year revenue growth in the third quarter of 2022, but the company’s net loss grew due to increased expenses in the most-recent period. Revenue for the third quarter of 2022 was $2.8 million, up from $600,000 during the same period last year.Solid Power posted a net loss of $12.4 million, or 7 cents  per diluted share, up…

4 months ago
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