2023 Q3 Form 10-Q Financial Statement
#000155837023014098 Filed on August 09, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
Revenue | $6.366M | $4.906M | $2.582M |
YoY Change | 126.31% | 90.01% | 360.25% |
Cost Of Revenue | $7.180M | $6.897M | $2.987M |
YoY Change | 102.6% | 130.9% | |
Gross Profit | -$820.0K | -$1.991M | -$405.0K |
YoY Change | 12.18% | 391.6% | |
Gross Profit Margin | -12.88% | -40.58% | -15.69% |
Selling, General & Admin | $6.440M | $5.673M | $4.894M |
YoY Change | 49.98% | 15.92% | 109.86% |
% of Gross Profit | |||
Research & Development | $14.24M | $14.51M | $8.440M |
YoY Change | 46.61% | 71.9% | 163.5% |
% of Gross Profit | |||
Depreciation & Amortization | $2.900M | $2.642M | $1.036M |
YoY Change | 71.6% | 155.02% | |
% of Gross Profit | |||
Operating Expenses | $27.86M | $27.08M | $17.28M |
YoY Change | 51.33% | 56.72% | 161.39% |
Operating Profit | -$21.50M | -$22.17M | -$14.70M |
YoY Change | 37.81% | 50.87% | 142.95% |
Interest Expense | $13.00K | $13.00K | $5.000K |
YoY Change | 8.33% | 160.0% | -95.87% |
% of Operating Profit | |||
Other Income/Expense, Net | $6.355M | $9.967M | $28.40M |
YoY Change | 103.95% | -64.9% | -984.15% |
Pretax Income | -$15.14M | -$12.21M | $13.70M |
YoY Change | 21.3% | -189.07% | -247.96% |
Income Tax | $0.00 | $0.00 | $36.00K |
% Of Pretax Income | 0.26% | ||
Net Earnings | -$15.14M | -$12.21M | $13.67M |
YoY Change | 22.12% | -189.3% | -247.38% |
Net Earnings / Revenue | -237.86% | -248.78% | 529.32% |
Basic Earnings Per Share | -$0.08 | -$0.07 | $0.08 |
Diluted Earnings Per Share | -$0.08 | -$0.07 | $0.08 |
COMMON SHARES | |||
Basic Shares Outstanding | 178.4M | 177.8M | 174.1M |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $193.5M | $221.1M | $484.3M |
YoY Change | -47.5% | -54.34% | |
Cash & Equivalents | $27.46M | $28.44M | $301.6M |
Short-Term Investments | $166.0M | $192.7M | $182.7M |
Other Short-Term Assets | $3.200M | $3.494M | $2.864M |
YoY Change | 30.93% | 22.0% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | $8.300M | $5.224M | $2.031M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $205.0M | $229.9M | $489.2M |
YoY Change | -45.23% | -53.01% | 87162.84% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $99.24M | $95.08M | $59.41M |
YoY Change | 33.42% | 60.04% | |
Goodwill | |||
YoY Change | |||
Intangibles | $1.525M | $1.360M | $843.0K |
YoY Change | 65.58% | 61.33% | |
Long-Term Investments | $228.8M | $222.3M | $49.87M |
YoY Change | 64.56% | 345.64% | |
Other Assets | $1.057M | $1.087M | $1.209M |
YoY Change | -10.27% | -10.09% | |
Total Long-Term Assets | $338.9M | $328.2M | $118.9M |
YoY Change | 51.65% | 176.03% | -66.07% |
TOTAL ASSETS | |||
Total Short-Term Assets | $205.0M | $229.9M | $489.2M |
Total Long-Term Assets | $338.9M | $328.2M | $118.9M |
Total Assets | $543.9M | $558.0M | $608.1M |
YoY Change | -9.01% | -8.23% | 73.25% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $6.300M | $8.065M | $9.540M |
YoY Change | -36.66% | -15.46% | 1426.39% |
Accrued Expenses | $5.400M | $4.666M | $3.706M |
YoY Change | 13.61% | 25.9% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $300.0K | $308.0K | $58.00K |
YoY Change | 1150.0% | 431.03% | |
Total Short-Term Liabilities | $11.97M | $13.06M | $13.57M |
YoY Change | -20.98% | -3.74% | 1815.17% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $500.0K | $535.0K | $152.0K |
YoY Change | 24900.0% | 251.97% | |
Other Long-Term Liabilities | $13.80M | $15.11M | $29.15M |
YoY Change | -52.37% | -48.17% | |
Total Long-Term Liabilities | $14.30M | $15.64M | $29.30M |
YoY Change | 714900.0% | -46.61% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $11.97M | $13.06M | $13.57M |
Total Long-Term Liabilities | $14.30M | $15.64M | $29.30M |
Total Liabilities | $26.31M | $28.70M | $43.11M |
YoY Change | -41.3% | -33.42% | -29.48% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$65.60M | -$50.37M | -$6.212M |
YoY Change | 252.46% | 710.83% | -74.33% |
Common Stock | $586.4M | $583.1M | $572.5M |
YoY Change | 1.91% | 1.85% | 1860.63% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $517.6M | $529.3M | $565.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $543.9M | $558.0M | $608.1M |
YoY Change | -9.01% | -8.23% | 73.25% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$15.14M | -$12.21M | $13.67M |
YoY Change | 22.12% | -189.3% | -247.38% |
Depreciation, Depletion And Amortization | $2.900M | $2.642M | $1.036M |
YoY Change | 71.6% | 155.02% | |
Cash From Operating Activities | -$15.35M | -$16.67M | -$8.589M |
YoY Change | 103.91% | 94.12% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $8.510M | $9.737M | -$20.55M |
YoY Change | -149.95% | -147.38% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $22.98M | $44.90M | -$119.7M |
YoY Change | -112.8% | -137.5% | |
Cash From Investing Activities | $14.47M | $35.16M | -$140.3M |
YoY Change | -107.36% | -125.07% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -100.0K | 61.00K | 64.00K |
YoY Change | -140.16% | -4.69% | |
NET CHANGE | |||
Cash From Operating Activities | -15.35M | -16.67M | -8.589M |
Cash From Investing Activities | 14.47M | 35.16M | -140.3M |
Cash From Financing Activities | -100.0K | 61.00K | 64.00K |
Net Change In Cash | -980.0K | 18.55M | -148.8M |
YoY Change | -99.52% | -112.47% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$15.35M | -$16.67M | -$8.589M |
Capital Expenditures | $8.510M | $9.737M | -$20.55M |
Free Cash Flow | -$23.86M | -$26.41M | $11.96M |
YoY Change | -350.89% | -320.75% |
Facts In Submission
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001-40284 | ||
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SOLID POWER, INC. | ||
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DE | ||
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86-1888095 | ||
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us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
3334000 | ||
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
36000 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
13000 | ||
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-12205000 | |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
13667000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-31365000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3321000 | ||
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
1098000 | |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-961000 | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-213000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-1291000 | ||
CY2023Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-11107000 | |
CY2022Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
12706000 | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-31578000 | ||
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
2030000 | ||
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.07 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.08 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.18 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.18 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | ||
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
178063573 | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
174128230 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
177502037 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
173266760 | ||
CY2023Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
178063573 | |
CY2022Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
174703533 | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
177502037 | ||
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
177502037 | ||
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
173566001 | ||
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
173566001 | ||
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
555372000 | |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19158000 | |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
150000 | |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2222000 | |
CY2023Q1 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
885000 | |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
539471000 | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12205000 | |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
214000 | |
CY2023Q2 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
27000 | |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
33000 | |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2923000 | |
CY2023Q2 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
-1098000 | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
529311000 | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
558665000 | |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10344000 | |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
12000 | |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
270000 | |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1596000 | |
CY2022Q1 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
-330000 | |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
549845000 | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
13667000 | |
CY2022Q2 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
58000 | |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
163000 | |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2314000 | |
CY2022Q2 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
-961000 | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
564970000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-31365000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
3321000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
4906000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1782000 | ||
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
372000 | ||
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
16000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5145000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3910000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
13000 | ||
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-2325000 | ||
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-28183000 | ||
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
5518000 | ||
us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
3383000 | ||
us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
1202000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
188000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-744000 | ||
sldp |
Increase Decrease In Accounts Payable And Other Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndOtherAccruedLiabilities
|
-297000 | ||
sldp |
Increase Decrease In Accounts Payable And Other Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndOtherAccruedLiabilities
|
-4261000 | ||
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-4032000 | ||
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-286000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
649000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1000000 | ||
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-268000 | ||
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
188000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-36304000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-22958000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
21184000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
30957000 | ||
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
174400000 | ||
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
212792000 | ||
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
210329000 | ||
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
54819000 | ||
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
259000 | ||
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
228000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
14486000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-189158000 | ||
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
7000 | ||
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
71000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
184000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
354000 | ||
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
214000 | ||
sldp |
Proceeds From Exercise Of Common Stock Options
ProceedsFromExerciseOfCommonStockOptions
|
79000 | ||
sldp |
Payments For Withholding Of Employee Taxes Related To Stock Based Compensation
PaymentsForWithholdingOfEmployeeTaxesRelatedToStockBasedCompensation
|
111000 | ||
sldp |
Payments For Withholding Of Employee Taxes Related To Stock Based Compensation
PaymentsForWithholdingOfEmployeeTaxesRelatedToStockBasedCompensation
|
58000 | ||
sldp |
Payments On Finance Lease Liability
PaymentsOnFinanceLeaseLiability
|
146000 | ||
sldp |
Payments On Finance Lease Liability
PaymentsOnFinanceLeaseLiability
|
20000 | ||
sldp |
Payments Of Transaction Costs
PaymentsOfTransactionCosts
|
12000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
134000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
272000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-21684000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-211844000 | ||
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
50123000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
513447000 | |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
28439000 | |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
301603000 | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
26000 | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
5000 | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
3591000 | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
8146000 | ||
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-weight:bold;line-height:11pt;margin:0pt 0pt 12pt 0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Note 1 – Nature of Business</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;line-height:11pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';">Solid Power, Inc. (the “Company”) is developing solid state battery technology to enable the next generation of batteries for the fast-growing EV and other markets. The Company’s planned business model is to sell its sulfide-based solid electrolyte and to license its solid-state cell designs and manufacturing process. </span></p> | ||
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
111540000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
94387000 | |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
16464000 | |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
11626000 | |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
95076000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
82761000 | |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
1419000 | |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-59000 | |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
1159000 | |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-51000 | |
CY2023Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3000 | |
CY2022Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2000 | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
8000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
5000 | ||
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
174400000 | ||
CY2023Q2 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
174400000 | |
CY2023Q2 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-4987000 | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-2325000 | ||
CY2022Q2 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-27473000 | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-28183000 | ||
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
214000 | ||
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
0 | ||
CY2023Q2 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
214000 | |
CY2022Q2 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
0 | |
CY2023Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2923000 | |
CY2022Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2314000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
5145000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3910000 | ||
CY2023Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
34327000 | |
CY2022Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
25316000 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0417 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0284 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.4691 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.4469 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.80 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
7.26 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
7815000 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
5659000 | ||
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-12205000 | |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
13667000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-31365000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3321000 | ||
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
178063573 | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
174128230 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
177502037 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
173266760 | ||
CY2023Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
178063573 | |
CY2022Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
174703533 | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
177502037 | ||
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
173566001 | ||
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.07 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.08 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.18 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
47805769 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
48168899 | ||
CY2022Q4 | us-gaap |
Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
|
P5Y | |
CY2021Q3 | us-gaap |
Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
|
P5Y | |
CY2023Q2 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
47000 | |
us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
91000 | ||
CY2023Q2 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
13000 | |
us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
25000 | ||
CY2023Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
290000 | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
580000 | ||
CY2023Q2 | us-gaap |
Lease Cost
LeaseCost
|
350000 | |
us-gaap |
Lease Cost
LeaseCost
|
696000 | ||
CY2023Q2 | us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
14000 | |
us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
26000 | ||
CY2023Q2 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
74000 | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
141000 | ||
CY2023Q2 | us-gaap |
Operating Lease Payments Use
OperatingLeasePaymentsUse
|
283000 | |
us-gaap |
Operating Lease Payments Use
OperatingLeasePaymentsUse
|
567000 | ||
CY2023Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
79000 | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
89000 | ||
CY2023Q2 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y11M23D | |
CY2023Q2 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.062 | |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P9Y8M15D | |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.069 | |
CY2023Q2 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
174000 | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
571000 | |
CY2023Q2 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
349000 | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1173000 | |
CY2023Q2 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
234000 | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1210000 | |
CY2023Q2 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
109000 | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1248000 | |
CY2023Q2 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
37000 | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
1288000 | |
CY2023Q2 | us-gaap |
Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
|
16000 | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
1329000 | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
5244000 | |
CY2023Q2 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
919000 | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
12063000 | |
CY2023Q2 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
77000 | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
3158000 | |
CY2023Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
842000 | |
CY2023Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
8905000 | |
CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0000 | |
CY2022Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0027 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0000 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0049 |