QuantumScape Announces Better-Than-Expected Q2 Results, Expands Collaboration With PowerCo
1. QuantumScape reported Q2 losses of 20 cents per share, beating estimates. 2. Quarterly losses improved from 25 cents per share year-over-year. 3. Expanded agreement with PowerCo includes $131 million in potential payments. 4. First milestones achieved; payments set to begin in 2025. 5. Stock rose 1.40% to $13.01 in extended trading.