Synthesis Energy Systems (SES) Reports Q1 EPS of ($0.12)

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Go back to Synthesis Energy Systems (SES) Reports Q1 EPS of ($0.12)

SES Announces First-Quarter 2022 Results

May 12, 2022 4:19 PM EDT

First Quarter of 2022 Highlights

Closed business combination with Ivanhoe Capital Acquisition Corporation in early February. Quarter ending cash position of $426 million expected to provide sufficient liquidity to reach commercialization Announced an A-sample joint development agreement (JDA) with Honda to develop Li-Metal batteries as part of Hondas next generation battery strategy. This is our third JDA and follows agreements with General Motors and Hyundai Formed SES Korea with plans to build a pre-production facility in South Korea to support our planned growth Completed Phase 1 of our Pilot Facility in Shanghai,... More