5E Advanced Materials Inc

For the period ended Mar 31, 2024. Filed Apr 29, 2024.

About this filing

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

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

(In thousands, except per share amounts)

	Three months ended March 31,		Nine months ended March 31,
	2024	2023	2024	2023
Operating expenses:
Project expenses	$1,155	$1,268	$4,169	$8,267
General and administrative	2,997	6,004	16,431	18,591
Research and development	—	45	45	123
Impairment	—	908	—	908
Depreciation and amortization expense	53	53	159	132
Total operating expenses	4,205	8,278	20,804	28,021
Income (loss) from operations	(4,205)	(8,278)	(20,804)	(28,021)
Non-operating income (expense):
Interest income	73	388	215	914
Other income	4	13	7	49
Loss on extinguishment of debt	(20,953)	—	(20,953)	—
Derivative gain (loss)	—	—	—	11,743
Interest expense	(822)	(2,237)	(4,348)	(5,043)
Other expense	(2)	(1)	(8)	(14)
Total non-operating income (expense)	(21,700)	(1,837)	(25,087)	7,649
Income (loss) before income taxes	(25,905)	(10,115)	(45,891)	(20,372)
Income tax provision (benefit)	—	—	—	—
Net income (loss)	$(25,905)	$(10,115)	$(45,891)	$(20,372)
Net income (loss) per common share — basic and diluted	$(0.44)	$(0.23)	$(0.94)	$(0.47)
Weighted average common shares outstanding — basic and diluted	58,513	44,104	48,956	43,737
Comprehensive income (loss):
Net income (loss)	$(25,905)	$(10,115)	$(45,891)	$(20,372)
Comprehensive income (loss)	$(25,905)	$(10,115)	$(45,891)	$(20,372)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.