Synthesis Energy Systems (SES) Reports Q2 Loss of $0.03

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Go back to Synthesis Energy Systems (SES) Reports Q2 Loss of $0.03

SES Announces Second-Quarter 2022 Results

August 9, 2022 4:49 PM EDT

Total operating expenses were $19.1 million, an increase of $12.5 million from a year ago, reflecting an increase in headcount to support battery cell and AI software development and costs associated with being a public company Financial guidance for 2022 is unchanged from our guidance issued with our first quarter results, with cash used in operations and capital expenditures expected to range between $95 million and $115 million  Construction of our second cell manufacturing facility, located in SES Korea, is on track and expected to be ready to use by October 2022 Planning underway for second annual Battery World to... More