FARADAY FUTURE INTELLIGENT ELECTRIC INC
For the period ended Mar 31, 2024. Filed Jul 30, 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 Jul 30, 2024
FFAI$0.25-9.2%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 Operations and Comprehensive Loss (Unaudited)
(in thousands, except share and per share data)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 (As Restated) | |
| Revenue | $2 | $— |
| Cost of revenues | 20,687 | — |
| Gross Profit | (20,685) | — |
| Operating expenses | ||
| Research and development | 6,688 | 57,808 |
| Sales and marketing | 2,474 | 5,065 |
| General and administrative | 13,848 | 26,513 |
| (Gain)/Loss on disposal on property, plant and equipment | (87) | 3,698 |
| Change in fair value of earnout liability | — | 2,764 |
| Total operating expenses | 22,923 | 95,848 |
| Loss from operations | (43,608) | (95,848) |
| Change in fair value of notes payable and warrant liabilities | 27,885 | 48,135 |
| Change in fair value of related party notes payable and related party warrant liabilities | (7) | — |
| Loss on settlement of notes payable | (11,403) | (98,136) |
| Loss on related party notes payable | (14,295) | — |
| Interest expense | (2,225) | (292) |
| Related party interest expense | (5,094) | — |
| Other expense, net | 530 | 1,168 |
| Loss before income taxes | (48,217) | (144,973) |
| Income tax provision | — | — |
| Net loss | $(48,217) | $(144,973) |
| Net loss per share of Class A and B Common Stock attributable to common stockholders: | ||
| Basic | $(0.66) | $(48.22) |
| Diluted | (0.66) | (48.22) |
| Weighted average shares used in computing net loss per share of Class A and B Common Stock: | ||
| Basic | 73,518,321 | 3,006,526 |
| Diluted | 73,518,321 | 3,006,526 |
| Total comprehensive loss | ||
| Net loss | $(48,217) | $(144,973) |
| Foreign currency translation adjustment | 232 | (555) |
| Total comprehensive loss | $(47,985) | $(145,528) |
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