QuantumScape Announces Better-Than-Expected Q2 Results, Expands Collaboration With PowerCo

Financial Performance - QuantumScape reported quarterly losses of 20 cents per share, which is better than the analyst consensus estimate of 22 cents and an improvement from losses of 25 cents per share in the same period last year [1] Strategic Developments - The company expanded its strategic and licensing arrangement with PowerCo, which will provide up to $131 million in new payments over the next two years upon achieving certain milestones [2] - QuantumScape expects to begin receiving payments from PowerCo in 2025 after the first milestones have been achieved [2] Stock Performance - QuantumScape stock was up 1.40% at $13.01 in Wednesday's extended trading [3]