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 Stockholders’ Equity (Unaudited)
(in thousands, except share data)
| Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Income · Accumulated Deficit · Total Stockholders’ Equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| Class A · Class B | ||||||||
| Shares · Amount · Shares · Amount | ||||||||
| Balance as of December 31, 2023 | 42,433,025 | $4 | 266,670 | $— | $4,180,869 | $5,862 | $(3,958,499) | $228,236 |
| Conversion of notes payable and accrued interest into Class A Common Stock (Note 7) | 116,945,093 | 12 | — | — | 20,714 | — | — | 20,726 |
| Reverse Stock split related round up share issuances | 12,266 | — | — | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | 542 | — | — | 542 |
| Foreign currency translation adjustment | — | — | — | — | — | 232 | — | 232 |
| Net loss | — | — | — | — | — | — | (48,217) | (48,217) |
| Balance as of March 31, 2024 | 159,390,384 | $16 | 266,670 | $— | $4,202,125 | $6,094 | $(4,006,716) | $201,519 |
Condensed Consolidated Statements of Stockholders’ Equity (Unaudited) (Continued)
(in thousands, except share data)
| Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Income · Accumulated Deficit · Total Stockholders’ Equity | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A · Class B | |||||||||||||||
| Shares · Amount · Shares · Amount | |||||||||||||||
| Balance as of December 31, 2022 (as restated) | 2,347,276 | $— | 266,670 | $— | $3,724,242 | $3,505 | $(3,526,755) | $200,992 | |||||||
| Conversion of notes payable and accrued interest into Class A Common Stock (Note 7) | 931,416 | — | — | — | 138,180 | — | — | 138,180 | |||||||
| Change in classification of warrants from Additional paid-in capital to liability pursuant to the Warrant Exchange (Note 7) | — | — | — | — | (6,811) | — | — | (6,811) | |||||||
| Reclassification of February 28, 2023 earnout shares liability to equity due to authorized share increase (Note 10) | — | — | — | — | 5,014 | — | — | 5,014 | |||||||
| Reclassification of February 28, 2023 stock-based awards liability to equity due to authorized share increase (Note 10) | — | — | — | — | 8,978 | — | — | 8,978 | |||||||
| Stock-based compensation | — | — | — | — | 3,631 | — | — | 3,631 | |||||||
| Exercise of warrants | 213,037 | — | — | — | 51,276 | — | — | 51,276 | |||||||
| Exercise of stock options | 207 | — | — | — | 44 | — | — | 44 | |||||||
| Issuance of shares for RSU vesting net of tax withholdings | 3,367 | — | — | — | 1 | — | — | 1 | |||||||
| Foreign currency translation adjustment | — | — | — | — | (555) | — | (555) | ||||||||
| Net loss | — | — | — | — | — | (144,973) | (144,973) | ||||||||
| Balance as of March 31, 2023 (as restated) | 3,495,303 | $— | 266,670 | $— | $3,924,555 | $2,950 | $(3,671,728) | $255,777 | |||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.