Quanergy Systems, Inc. develops and markets light detection and ranging (LiDAR) solutions for automotive and IoT applications. The company offers M1 LiDAR sensor for mid-long range industrial measurement applications; M1 Edge 2D LiDAR sensor that enables reliable collision avoidance and smart navigation; M8 LiDAR sensor, which provides 3D perception using multiple eye-safe laser beams and time-of-flight measurement technology; MQ-8 LiDAR sensor for flow management applications; M8-Prime 3D LiDAR sensor that provides industry-leading pinpoint accuracy and captures for industrial and mapping applications; S3 solid state LiDAR sensor; QORTEX DTC, a 3D computer perception software; and QORTEX people counter enables the development of accurate and innovative people counting and queue management applications. Its products are used in various applications, such as mapping, security, smart city and smart spaces, industrial automation, and transportation applications. The company was founded in 2012 and is headquartered in Sunnyvale, California.
IPO Year: 2020
Exchange: NYSE
Website: https://www.quanergy.com
Quanergy's 3D security solutions are deployed by major data centers, airports, utilities, prisons, and transportation authorities to increase security, reduce false alarms and slash operating costs Quanergy Systems, Inc., (OTC:QNGY) a leading provider of LiDAR sensors and smart 3D solutions, today announced that more than 30 companies around the world have chosen Quanergy's 3D LiDAR solutions to protect over 100 critical infrastructure sites. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221221005403/en/ Quanergy's LiDAR-based portfolio has been selected to protect critical infrastructure assets thanks to its ability to combat
Continues to operate and meet customer needs for powerful and affordable smart LiDAR solutions for IoT applications Will fund operations and expenses related to the Chapter 11 process with available cash, normal operating cash flows Quanergy Systems, Inc. (OTC:QNGY) ("Quanergy" or the "Company"), a leading provider of LiDAR sensors and smart 3D solutions, today announced that the Company initiated an orderly sale process for its business. To facilitate the sale and maximize value, the Company filed for protection under Chapter 11 ("Chapter 11") of the U.S. Bankruptcy Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") an
Revenue of $2.3 Million Increased 104% Year-over-Year and 95% Sequentially Full Year Bookings and Revenue Guidance Reiterated Quanergy Systems, Inc. (OTC:QNGY) ("Quanergy" or the "Company"), a leading provider of LiDAR sensors and smart 3D solutions, today announced financial results for the three months ended September 30, 2022. Third Quarter 2022 Highlights Last 12 month bookings1 increased 154% year-over-year to $10.8 million Third quarter revenue of $2.3 million, near the top end of the Company's guidance range, and up 104% year-over-year Third quarter GAAP net loss of $17.7 million compared to $19.0 million in the third quarter of 2021 Third quarter adjusted EBITDA loss of $
Quanergy Systems, Inc. ("Quanergy" or the "Company"), a leading provider of LiDAR sensors and smart 3D solutions, today announced that it intends to appeal the decision by the staff of NYSE Regulation on November 8, 2022 to commence proceedings to delist the Company's common stock (NYSE:QNGY) and the Company's warrants to purchase common stock (NYSE:QNGY). NYSE Regulation reached its decision to delist these securities pursuant to Section 802.01B of the NYSE's Listed Company Manual because the Company had fallen below the NYSE's continued listing standard requiring listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of at least $15,
Quanergy Systems, Inc. ("Quanergy" or the "Company"), a leading provider of LiDAR sensors and smart 3D solutions, today announced that the staff of NYSE Regulation has determined to commence proceedings to delist the Company's common stock (NYSE:QNGY) and the Company's warrants to purchase common stock (NYSE:QNGY). Trading in these securities was suspended after the market close on the NYSE on November 8, 2022. NYSE Regulation reached its decision to delist these securities pursuant to Section 802.01B of the NYSE's Listed Company Manual because the Company had fallen below the NYSE's continued listing standard requiring listed companies to maintain an average global market capitalization o
Quanergy Systems, Inc., (NYSE:QNGY) ("Quanergy" or the "Company"), a leading provider of LiDAR sensors and smart 3D solutions, today announced that the Company will release its third quarter financial results for the period ended September 30, 2022, on Monday, November 14, 2022 after the financial markets close. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221108005241/en/(Graphic: Business Wire) Management will also host a conference call that same day to discuss its results and business outlook at 4:30 p.m. Eastern time. The call will be accessible by telephone by calling 412-317-6060 and entering access code 10173300. The ca
Quanergy Systems, Inc., (NYSE:QNGY) ("Quanergy" or the "Company") a leading provider of LiDAR sensors and smart 3D solutions, today announced the closing of its previously announced underwritten public offering for gross proceeds of approximately $16.7 million prior to deducting underwriting discounts and commissions and offering expenses. The offering was comprised of 9,800,000 Units, with each Unit consisting of one share of our common stock, par value $0.0001 per share (the "Common Stock") and two warrants to purchase one share of our Common Stock (the "Unit Warrants" and, together with the shares of Common Stock underlying such Unit Warrants, the "Units") at a public offering price of
New QORTEX DTC 3D Perception Release Provides Improved Classification Accuracy and Further Reduces Critical Infrastructures' Physical Security Costs Quanergy Systems, Inc., (NYSE:QNGY) a leading provider of LiDAR sensors and smart 3D solutions, today announced upgrades to its QORTEX DTC™ and Q-View software solutions, which underpin the company's Flow Management portfolio, including its MQ-8 series of LiDAR sensors. The marquee features in these new releases include significantly improved accuracy and drastic reduction in false alarm, thanks to the industry's first motion-based noise reduction mechanism and first occlusion filter/object stitching mechanism. This press release features mult
Quanergy Systems, Inc., (NYSE:QNGY) ("Quanergy" or the "Company") a leading provider of LiDAR sensors and smart 3D solutions, today announced the pricing of an underwritten public offering for gross proceeds of approximately $16.7 million prior to deducting underwriting discounts and commissions and offering expenses. The offering is comprised of 9,800,000 Units, with each Unit consisting of one share of our common stock, par value $0.0001 per share (the "Common Stock") and two warrants to purchase one share of our Common Stock (the "Unit Warrants" and, together with the shares of Common Stock underlying such Unit Warrants, the "Units") at a public offering price of $1.70 per Unit. Each Un
Quanergy Systems, Inc., (NYSE:QNGY) ("Quanergy" or the "Company") a leading provider of LiDAR sensors and smart 3D solutions, announced today that its Board of Directors has approved a reverse stock split of its outstanding shares of common stock (the "Common Stock") at a ratio of 1-for-20 (the "reverse stock split"). The reverse stock split will be effective at 4:01 p.m. (EDT) on October 6, 2022, and shares of Common Stock will begin trading on a split-adjusted basis when the New York Stock Exchange (the "NYSE") opens on Friday, October 7, 2022. The Common Stock will continue to trade on the NYSE under the trading symbol "QNGY," but will trade under the following new CUSIP number starting
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Quanergy Systems, Inc., (NYSE:QNGY) ("Quanergy" or the "Company"), a leading provider of LiDAR sensors and smart 3D solutions, today announced that the Company will release its third quarter financial results for the period ended September 30, 2022, on Monday, November 14, 2022 after the financial markets close. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221108005241/en/(Graphic: Business Wire) Management will also host a conference call that same day to discuss its results and business outlook at 4:30 p.m. Eastern time. The call will be accessible by telephone by calling 412-317-6060 and entering access code 10173300. The ca
Last 12 Months Bookings of $8.8 Million; 100% Year-over-Year Growth Quanergy Systems, Inc. (NYSE:QNGY) ("Quanergy"), a leading provider of LiDAR sensors and smart 3D solutions, today announced financial results for the three months ended June 30, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220811005504/en/ Second Quarter 2022 Highlights Last 12 month bookings1 increased 100% year-over-year to $8.8 million Second quarter revenue of $1.2 million, within the guidance range, and up 31% year-over-year Second quarter GAAP net loss of $25.7 million compared to $20.5 million in the second quarter of 2021 Second quarter
Quanergy Systems, Inc. ("Quanergy"), a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced that the Company will release its second quarter financial results for the period ended June 30, 2022, on Thursday, August 11, 2022 after the financial markets close. Management will also host a conference call that same day to discuss its results and business outlook at 4:30 p.m. Eastern time. The call will be accessible by telephone by calling 201-389-0920 and entering access code 13731117. The call will also be available live via webcast on the Company's website here. A telephone replay of the conference call will be available at
First quarter revenue increased 257% year-over-year to $1.4 million Quanergy Systems, Inc. (NYSE:QNGY) ("Quanergy"), a leading provider of LiDAR sensors and smart 3D solutions, today announced financial results for the three months ended March 31, 2022. First Quarter 2022 Results Revenue of $1.4 million, an increase of 257% over the same period last year; acceleration from the 113% year-over-year revenue growth rate delivered in the fourth quarter of 2021; slightly exceeded high end of previous guidance range GAAP net loss of $104.7 million vs. $14.7 million in the first quarter of 2021; GAAP results include $51.6 million of non-cash stock-based compensation expense and $36.7 million
Quanergy Systems, Inc. ("Quanergy"), a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced that the Company will release its first quarter financial results for the period ending March 31, 2022, on Monday, May 16, 2022 before the financial markets open. Management will also host a conference call that same day to discuss its results and business outlook at 8:30 a.m. Eastern time. The call will be accessible by telephone by calling 212-231-2913 and entering access code 22018641. The call will also be available live via webcast on the Company's website here. A telephone replay of the conference call will be available at 412-
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Industry veteran brings strategic vision to leading provider of LiDAR solutions Quanergy Systems, Inc., (NYSE:QNGY) a leading provider of LiDAR sensors and smart 3D solutions, announced today that Lisa M. Kelley, an experienced finance and operations executive, has joined the company's board of directors. Kelley brings to the board more than 25 years of success in the electronics, telecommunications, manufacturing and consumer goods industries. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220804005421/en/Quanergy appoints Lisa Kelley to Board of Directors (Photo: Business Wire) As a member of Quanergy's board, she will sit on