Quanergy Systems (QNGY) Reports Q1 Loss of $1.19

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Quanergy Reports First Quarter 2022 Financial Results

May 16, 2022 7:00 AM EDT

First quarter revenue increased 257% year-over-year to $1.4 million

SUNNYVALE, Calif.--(BUSINESS WIRE)-- Quanergy Systems, Inc. (NYSE: QNGY) (Quanergy), a leading provider of LiDAR sensors and smart 3D solutions, today announced financial results for the three months ended March 31, 2022.

First Quarter 2022 Results

Revenue of $1.4 million, an increase of 257% over the same period last year; acceleration from the 113% year-over-year revenue growth rate delivered in the fourth quarter of 2021; slightly exceeded high end of previous guidance range GAAP net loss of $104.7 million vs. $14.7... More