Is QuantumScape Stock a Buy Now?
QuantumScape (NYSE: QS), a developer of solid-state lithium metal batteries, posted its fourth-quarter report on Feb. 12. It didn't generate any revenue since it hasn't commercialized any of its batteries yet. Its net loss widened year over year, from $110 million to $115 million, or $0.22 per share, but still beat the consensus forecast by $0.01.
For the full year, QuantumScape's net loss widened from $430 million to $475 million. That situation might seem grim for a company with an enterprise value (EV) of $2.2 billion, but it also provided clearer updates for its commercialization efforts.
Should you buy QuantumScape's stock right now before it finally ships its first commercial batteries?
Source Fool.com
