Despite boosted sales, Solid Power’s net losses grow

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…

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…