QuantumScape Corporation (QS) is a publicly-traded company that has been experiencing revenue losses for the last several years. Over the past four quarters, their revenue has remained at zero and their earnings per share have proceeded in a downward trend. As of 26 October 2022, the company’s EPS was -$0.27, indicating an overall lack of profitability. The company’s market cap stands at $4.49 billion as of 2 January 2021, with an average price over 50 days of $7.36 and an average price over 200 days of $9.36.
Looking at QuantumScape Corporation’s financial records, it is clear that the company has been struggling financially for some time. In the quarter ending 31 December 2021, the company did not report any revenue and had an EPS of -$0.16; in the quarter ending 30 September 2022, their EPS was -$0.22; in that quarter ending 31 March 2022, it was -$0.21; and on 15 February 2023 their reported EPS was estimated to be -$0.26 without any reported revenue once again.
From these figures, it can be seen that QuantumScape Corporation is currently facing financial distress due to its continous inability to produce any revenue or profit from its operations in the last few years despite showing some gains in market capitalization recently (up 5% since 2 January 2021). It is likely that this company needs to find new ways to generate income if it wishes to remain viable in the future.
