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Solid Power Reiterates Guidance

Benzinga ·  May 7 18:19

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. Included in these ranges is approximately $35 million in operational and capital investments the company deferred from 2023. Total 2024 cash investment is expected to be in the range of $100 million to $120 million.

The company also reiterated its expectation for 2024 revenue to be in the range of $20 million to $25 million.

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