SES AI Corp
For the period ended Mar 31, 2024. Filed May 3, 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 3, 2024
SES$0.89-2.6%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 Cash Flows (Unaudited)
Condensed Consolidated Statements of Cash Flows
| | | | | | |
|---|---|---|---|---|---|
| | Three Months Ended March 31, | ||||
| (in thousands) · 2024 · 2023 | |||||
| Cash Flows From Operating Activities · · | |||||
| Net loss | $(15,557) | | $(16,226) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | ||||
| Gain from change in fair value of Sponsor Earn-Out liabilities | | (875) | | | (569) |
| Stock-based compensation | 4,784 | | 6,462 | ||
| Depreciation and amortization | 1,721 | | 1,060 | ||
| Accretion income from available-for-sale short-term investments | | (1,889) | | | (2,946) |
| Other | | (894) | | | (683) |
| Changes in operating assets and liabilities: | | | |||
| Receivable from related party | | 2,694 | | | (422) |
| Inventories | | 121 | | | (120) |
| Prepaid expenses and other assets | 4,993 | | (2,553) | ||
| Right-of-use assets | | 1,280 | | | (276) |
| Accounts payable | (249) | | (15) | ||
| Accrued expenses and other liabilities | (3,637) | | 941 | ||
| Operating lease liabilities | | (1,471) | | | (46) |
| Net cash used in operating activities | (8,979) | | (15,393) | ||
| Cash Flows From Investing Activities | | ||||
| Purchases of property and equipment | (6,758) | | (5,974) | ||
| Purchase of short-term investments | — | | (97,119) | ||
| Proceeds from the maturities of short-term investments | 60,000 | | 60,000 | ||
| Net cash provided by (used in) investing activities | 53,242 | | (43,093) | ||
| Cash Flows From Financing Activities | | ||||
| Proceeds from stock option exercises | | 18 | | | 13 |
| Net cash provided by financing activities | 18 | | 13 | ||
| Effect of exchange rates on cash | (369) | | (198) | ||
| Net increase (decrease) in cash, cash equivalents and restricted cash | 43,912 | | (58,671) | ||
| Cash, cash equivalents and restricted cash at beginning of period (Note 4) | 86,966 | | 107,936 | ||
| Cash, cash equivalents and restricted cash at end of period (Note 4) | $130,878 | | $49,265 | ||
| | | | | | |
| Supplemental Cash and Non-Cash Information: | | ||||
| Income taxes paid | $3 | | $47 | ||
| Accounts payable and accrued expenses related to purchases of property and equipment | $3,535 | | $1,034 | ||
| Operating lease liabilities arising from obtaining right-of-use assets | $— | | $776 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.