Brief: Ses Ai Corp - Capital Expenditures For The Full Year Of $14.7 Million Were Below Prior Guidance Of $20 - $25 Million

SES AI

14/03/2023 11:18

March 14 (Reuters) - SES AI Corp  SES.N :
    * SES AI CORP - CAPITAL EXPENDITURES FOR THE FULL YEAR OF
$14.7
MILLION WERE BELOW PRIOR GUIDANCE OF $20 - $25 MILLION
    * SES AI CORP - QTRLY LOSS PER SHARE $0.03
    * SES AI CORP- FOR 2023 EXPECT TOTAL CASH USAGE FROM
OPERATIONS OF
$80 MILLION - $100 MILLION AND CAPITAL EXPENDITURES IN THE RANGE
OF $50 MILLION – $70 MILLION
    * SES AI CORP - FOR 2023 EXPECT TOTAL CASH USAGE FROM
OPERATIONS
TO BE IN RANGE OF $80 - $100 MILLION, CAPITAL EXPENDITURES IN
RANGE OF $50 – $70 MILLION

Further company coverage:  SES.N 

 ((Reuters.Briefs@thomsonreuters.com;;))