USSTOCK.TODAY
Market Closed
Log in Sign up

SES AI records $6.6 million in Q3 revenue while focusing on drone market

The Motley Fool +1 · ·by G4L

SES
SES SES AI Corp
$0.58 -35.74%
View chart & analysis →
  1. 1SES AI is strategically shifting its focus toward the drone and unmanned systems market.
  2. 2Q3 revenue reached $6.6 million, a 31% increase from the previous quarter.
  3. 3The company completed securing an annual production capacity of 1 million NDAA-compliant cells at its Chungju facility.

So what's the key point?

SES AI has decided to focus on the drone market and recorded $6.6 million in Q3 revenue. The company is preparing for a new market while also seeing an increase in revenue.

Source The Motley Fool +1 · View original ↗

Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →