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QuantumScape (QS) stock isn’t winning any fans post-earnings this week, as the stock continues its downslide under the pressure of its latest quarterly earnings report. The company’s core business still does not generate any revenue, which continues to frustrate investors. For now, the company has managed to lower its operating expenses by 14%, helping it lower its losses to $0.17 per share. This has, however, impressed neither investors nor analysts.
The most disappointing part for investors has been the absence of revenue guidance, so investors may have to get used to zero revenue this year as well. While billings bring in healthy cash flow, they are no substitute for revenue, and the stock price reaction clearly reflects that. This year, QS is expected to further invest in scaling its solid-state battery production using the Eagle Line. The company is focused on bringing its revolutionary technology to the market, but investors have started wondering if it's something worth waiting for, especially when their own money is on the line.
