QuantumScape Just Reported $12M in Customer Billings. Why That’s a Huge Deal for QS Stock.

Solid-state battery maker QuantumScape (QS) saw its shares soar after the company reported a lower-than-expected loss in its most recent quarterly results, while also guiding for lower EBITDA losses in the range of $245 million–$260 million from $250 million–$270 million earlier. And the good news did not end there for the pre-revenue company, as it reported customer billings of $12.8 million in Q3. The customer billings can be thought of as the dollar value of invoices QuantumScape issues to customers or ...