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Midas Edge

SES AI Corp

For the period ended Sep 30, 2024. Filed Nov 1, 2024.

View on SEC.gov

About this filing

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 1, 2024

SES$0.89-2.6%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 exhibits
Contents

Condensed Consolidated Statements of Stockholders’ Equity (Unaudited)

SES AI Corporation** **

Condensed Consolidated Statements of Stockholders’ Equity

(Unaudited)

​​​​​​​​​​​​​​​​​​​​​​
Nine Months Ended September 30, 2024
​​​​​​​​​​​​​​​​​​​​​​
​ · Redeemable Convertible · ​ · Class A and Class B · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Accumulated · ​ · Total
​ · Preferred Stock · ​ · Common Stock · ​ · Additional · ​ · Accumulated · ​ · Other Comprehensive · ​ · Stockholders’
(in thousands, except shares) · Shares · Amount · Shares · Amount · Paid-in-Capital · Deficit · Income (Loss) · Equity
Balance – December 31, 2023—$—​354,148,173$35$559,214$(198,686)$(1,613)$358,950
Issuance of common stock upon exercise of stock options—​​—​197,127​​—​​18​​—​​—​​18
Restricted stock units vested—​​—​18,869​​—​​—​​—​​—​​—
Forfeitures of Earn-Out Restricted Shares—​​—​(711,298)​​—​​—​​—​​—​​—
Forfeitures of Restricted Stock Awards—​​—​(35,253)​​—​​(50)​​—​​—​​(50)
Stock-based compensation—​​—​—​​—​​4,784​​—​​—​​4,784
Net loss—​​—​—​​—​​—​​(15,557)​​—​​(15,557)
Unrealized loss on short-term investments—​​—​—​​—​​—​​—​​(299)​​(299)
Foreign currency translation adjustments—​​—​—​​—​​—​​—​​(457)​​(457)
Balance — March 31, 2024—​$—​353,617,618​$35​$563,966​$(214,243)​$(2,369)​$347,389
Issuance of common stock upon exercise of stock options—​​—​746,517​​—​​110​​—​​—​​110
Restricted stock units vested—​​—​1,653,403​​—​​(635)​​—​​—​​(635)
Forfeitures of Earn-Out Restricted Shares—​​—​(77,529)​​—​​—​​—​​—​​—
Forfeitures of Restricted Stock Awards—​​—​(33,074)​​—​​(44)​​—​​—​​(44)
Stock-based compensation—​​—​—​​—​​4,802​​—​​—​​4,802
Net loss—​​—​—​​—​​—​​(19,897)​​—​​(19,897)
Unrealized loss on short-term investments—​​—​—​​—​​—​​—​​(59)​​(59)
Foreign currency translation adjustments—​​—​—​​—​​—​​—​​(93)​​(93)
Balance — June 30, 2024—$—​355,906,935$35$568,199$(234,140)$(2,521)$331,573
Issuance of common stock upon exercise of stock options—​​—​1,590,419​​—​​250​​—​​—​​250
Restricted stock units vested—​​—​161,269​​—​​—​​—​​—​​—
Forfeitures of Earn-Out Restricted Shares—​​—​(3,895)​​—​​—​​—​​—​​—
Forfeitures of Restricted Stock Awards—​​—​(39,679)​​—​​(38)​​—​​—​​(38)
Stock-based compensation—​​—​—​​—​​6,511​​—​​—​​6,511
Net loss—​​—​—​​—​​—​​(30,186)​​—​​(30,186)
Unrealized gain on short-term investments—​​—​—​​—​​—​​—​​445​​445
Foreign currency translation adjustments—​​—​—​​—​​—​​—​​729​​729
Balance — September 30, 2024—$—​357,615,049$35$574,922$(264,326)$(1,347)$309,284
​​​​​​​​​​​​​​​​​​​​​​
Nine Months Ended September 30, 2023
​​​​​​​​​​​​​​​​​​​​​​
​ · Redeemable Convertible · ​ · Class A and Class B · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Accumulated · ​ · Total
​ · Preferred Stock · ​ · Common Stock · ​ · Additional · ​ · Accumulated · ​ · Other Comprehensive · ​ · Stockholders’
(in thousands, except shares) · Shares · Amount · Shares · Amount · Paid-in-Capital · Deficit · Income (Loss) · Equity
Balance — December 31, 2022—​$—​349,714,840​$35​$538,041​$(145,286)​$(1,251)​$391,539
Issuance of common stock upon exercise of stock options—​​—​94,319​​—​​13​​—​​—​​13
Restricted stock units vested—​​—​4,727​​—​​—​​—​​—​​—
Forfeitures of Earn-Out Restricted Shares—​​—​(1,904)​​—​​—​​—​​—​​—
Stock-based compensation—​​—​—​​—​​6,462​​—​​—​​6,462
Net loss—​​—​—​​—​​—​​(16,226)​​—​​(16,226)
Unrealized gain on short-term investments—​​—​—​​—​​—​​—​​467​​467
Foreign currency translation adjustments—​​—​—​​—​​—​​—​​72​​72
Balance — March 31, 2023—$—​349,811,982$35$544,516$(161,512)$(712)$382,327
Issuance of common stock upon exercise of stock options—​​—​477,443​​—​​64​​—​​—​​64
Restricted stock units vested—​​—​924,179​​—​​—​​—​​—​​—
Forfeitures of Restricted Stock Awards—​​—​(1,431)​​—​​—​​—​​—​​—
Forfeitures of Earn-Out Restricted Shares—​​—​(237)​​—​​—​​—​​—​​—
Stock-based compensation—​​—​—​​—​​7,325​​—​​—​​7,325
Net loss—​​—​—​​—​​—​​(12,948)​​—​​(12,948)
Unrealized loss on short-term investments—​​—​—​​—​​—​​—​​(721)​​(721)
Foreign currency translation adjustments—​​—​—​​—​​—​​—​​(1,492)​​(1,492)
Balance — June 30, 2023—$—​351,211,936$35$551,905$(174,460)$(2,925)$374,555
Issuance of common stock upon exercise of stock options—​​—​715,939​​—​​80​​—​​—​​80
Restricted stock units vested—​​—​103,167​​—​​—​​—​​—​​—
Forfeitures of Restricted Stock Awards—​​—​(3,708)​​—​​—​​—​​—​​—
Forfeitures of Earn-Out Restricted Shares—​​—​(306,526)​​—​​—​​—​​—​​—
Stock-based compensation—​​—​—​​—​​2,418​​—​​—​​2,418
Net loss—​​—​—​​—​​—​​(13,473)​​—​​(13,473)
Unrealized gain from investments—​​—​—​​—​​—​​—​​242​​242
Foreign currency translation adjustments—​​—​—​​—​​—​​—​​(99)​​(99)
Balance — September 30, 2023—$—​351,720,808$35$554,403$(187,933)$(2,782)$363,723
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.