Lidar supplier Quanergy reports Q1 2022 revenue at USD1.4 million, up 257% y/y

Financial results

Operating loss was reported at USD62.2 million in first quarter 2022

Quanergy has reported first-quarter revenues at USD1.4 million with a year-on-year (y/y) increase of 257% compared to USD383 thousand in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 17 May 2022.

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