Rumble Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 2024
RUM$5.11+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Interim Statements of Cash Flows
| For the nine months ended September 30, | 2024 | 2023 |
|---|---|---|
| Cash flows provided by (used in) | ||
| Operating activities | ||
| Net loss for the period | $(101,610,153) | $(87,143,235) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Amortization and depreciation | 9,118,603 | 3,077,705 |
| Share-based compensation | 14,666,835 | 10,491,037 |
| Non-cash interest expense | - | 33,255 |
| Net trade and barter revenue and expense | 1,327,605 | - |
| Non-cash lease expense | 805,679 | 481,542 |
| Change in fair value of warrants | 1,480,395 | (643,195) |
| Change in fair value of contingent consideration | 1,354,357 | (1,709,173) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (5,864,270) | (1,785,330) |
| Prepaid expenses and other | (1,384,211) | (4,952,942) |
| Accounts payable and accrued liabilities | 976,194 | 16,375,555 |
| Deferred revenue | 4,263,094 | 6,446,972 |
| Deferred tax liability | 1,030,757 | - |
| Operating lease liabilities | (817,540) | (502,923) |
| Net cash used in operating activities | (74,652,655) | (59,830,732) |
| Investing activities | ||
| Purchase of property and equipment | (2,654,913) | (11,008,811) |
| Purchase of intangible assets | (4,700,559) | (910,399) |
| Purchase of marketable securities | (1,202,290) | (1,135,200) |
| Sale and maturities of marketable securities | 1,135,200 | 1,100,000 |
| Cash acquired in connection with Callin acquisition | - | 1,000,989 |
| Cash paid to non-accredited investors in connection with Callin acquisition | (204,846) | - |
| Cash paid in connection with North River acquisition | (3,654,500) | - |
| Net cash used in investing activities | (11,281,908) | (10,953,421) |
| Financing activities | ||
| Taxes paid from net share settlement for share-based compensation | (1,915,138) | (462,658) |
| Proceeds from exercise of stock options | 295,726 | - |
| Share issuance costs | - | (40,478) |
| Net cash used in financing activities | (1,619,412) | (503,136) |
| Effect of exchange rate changes on cash and cash equivalents | - | 1,882 |
| Decrease in cash and cash equivalents during the period | (87,553,975) | (71,285,407) |
| Cash and cash equivalents, beginning of period | 218,338,658 | 337,169,279 |
| Cash and cash equivalents, end of period | $130,784,683 | $265,883,872 |
| Supplemental cash flow information | ||
| Cash paid for income taxes | $71,864 | $32,601 |
| Cash paid for interest | 278 | 4,212 |
| Cash paid for lease liabilities | 945,354 | 611,639 |
| Non-cash investing and financing activities: | ||
| Non-cash consideration related to the acquisition of Callin (Note 3) | - | 18,226,572 |
| Class A Common Stock issued to settle contingent consideration liability | 1,404,753 | - |
| Property and equipment in accounts payable and accrued liabilities | 49,343 | 1,522,938 |
| Recognition of operating right-of-use assets in exchange of operating lease liabilities, net of derecognition of terminated leases | 317,003 | 969,473 |
| Settlement of loan receivable in exchange for Class A Common Stock | - | 391,235 |
| Share-based compensation capitalized related to intangible assets | 342,374 | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.