Yaman Gupta's questions to Quantumscape Corp (QS) leadership • Q4 2024
Question
Yaman Gupta from Goldman Sachs sought clarification on the 2026 launch, asking if it was a full or demo launch and its implications for revenue recognition. He also asked about the expected pace of CapEx and OpEx.
Answer
CFO Kevin Hettrich clarified the 2026 event is a 'high vis-a-vis low-volume' project and a key commercialization milestone. He explained that cash flows could precede revenue, which is tied to successful tech transfer. He also noted that 2025 spending guidance is below 2024 actuals, and significant future CapEx is expected to be funded by partners.