PureCycle Technologies Inc
For the period ended Mar 31, 2024. Filed May 8, 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 May 8, 2024
PCT$2.13+3.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Comprehensive Loss for the
CONDENSED CONSOLIDATED STATEM ENTS OF COMPREHENSIVE LOSS
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (in thousands except per share data) | ||
| Costs and expenses | ||
| Operating costs | $21,194 | $7,372 |
| Research and development | 1,831 | 1,754 |
| Selling, general and administrative | 15,957 | 12,695 |
| Total operating costs and expenses | 38,982 | 21,821 |
| Interest expense | 15,054 | 657 |
| Interest income | (3,602) | (1,933) |
| Change in fair value of warrants | 13,944 | 4,835 |
| Loss on debt extinguishment | 21,214 | — |
| Other expense | 15 | 462 |
| Total other expense | 46,625 | 4,021 |
| Net Loss | $(85,607) | $(25,842) |
| Loss per share | ||
| Basic | $(0.52) | $(0.16) |
| Diluted | $(0.52) | $(0.16) |
| Weighted average common shares | ||
| Basic | 164,355 | 163,588 |
| Diluted | 164,355 | 163,784 |
| Other comprehensive income | ||
| Unrealized gain on debt securities available for sale | $18 | $641 |
| Cumulative translation adjustment | 16 | — |
| Total comprehensive loss | $(85,573) | $(25,201) |
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