5E Advanced Materials Inc
For the period ended Mar 31, 2024. Filed Apr 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 29, 2024
FEAM$1.81-6.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Nine months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows From Operating Activities: | ||
| Net income (loss) | $(45,891) | $(20,372) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 159 | 132 |
| Share based compensation | 2,088 | 4,251 |
| Loss on extinguishment of debt | 20,953 | — |
| Unrealized (gain) loss on convertible note derivative | — | (11,743) |
| Impairment | — | 908 |
| Accretion of asset retirement obligations | 53 | 20 |
| Amortization of debt issuance costs and discount — convertible note | 3,306 | 3,454 |
| Amortization of right of use asset | 120 | 124 |
| Change in: | ||
| Prepaid expenses and other current assets | (204) | (386) |
| Accounts payable and accrued liabilities | (221) | (514) |
| Net cash used in operating activities | (19,637) | (24,126) |
| Cash Flows From Investing Activities: | ||
| Construction in progress | (5,790) | (29,705) |
| Properties, plant and equipment additions | (88) | (333) |
| Net cash used in investing activities | (5,878) | (30,038) |
| Cash Flows From Financing Activities: | ||
| Proceeds from issuance of common stock, net of offering costs | 15,794 | — |
| Proceeds from issuance of convertible notes | — | 60,000 |
| Debt issuance costs | (2,586) | (4,160) |
| Payments on note payable | (30) | (29) |
| Proceeds from exercise of stock options | — | 3,466 |
| Net cash provided by financing activities | 13,178 | 59,277 |
| Net increase (decrease) in cash and cash equivalents | (12,337) | 5,113 |
| Cash and cash equivalents at beginning of period | 20,323 | 31,057 |
| Cash and cash equivalents at end of period | $7,986 | $36,170 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Cash paid for interest | $22 | $5 |
| Noncash Investing and Financing Activities: | ||
| Accounts payable and accrued liabilities change related to construction in progress | $2,365 | $6,203 |
| Recognition of operating lease liability and right of use asset | 234 | — |
| Increase in asset retirement costs | — | 167 |
| Increase in net long-term debt resulting from modification (Note 7) | 20,954 | — |
| Interest paid through issuance of additional convertible notes | 3,961 | 1,710 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.