SES AI Corp

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

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

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Contents

Part IFinancial Information Item 1 Financial Statements Condensed Consolidated Balance Sheets (Unaudited)

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

Condensed Consolidated Balance Sheet****s

(Unaudited)


(in thousands, except share and per share amounts) · · September 30, 2024 · December 31, 2023
Assets · · ·
Current Assets · · ·
Cash and cash equivalents	$66,740	$85,671
Short-term investments	206,979	246,775
Receivable from related party	2,563	3,911
Inventories	320	558
Prepaid expenses and other assets	14,893	11,712
Total current assets	291,495	348,627
Property and equipment, net	42,158	37,959
Intangible assets, net	1,249	1,345
Right-of-use assets, net	10,666	13,099
Deferred tax assets	1,057	1,057
Other assets, non-current	3,282	4,723
Total assets	$349,907	$406,810
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable	$2,234	$4,830
Operating lease liabilities	2,615	2,404
Accrued expenses and other liabilities	14,283	13,121
Total current liabilities	19,132	20,355
Sponsor Earn-Out liabilities	879	4,166
Operating lease liabilities, non-current	8,413	11,316
Unearned government grant	9,589	9,270
Other liabilities, non-current	2,610	2,753
Total liabilities	40,623	47,860
Commitments and contingencies (Note 9)
Stockholders’ Equity
Preferred stock, $0.0001 par value; 20,000,000 shares authorized, none issued and outstanding as of September 30, 2024 and December 31, 2023, respectively	—	—
Common stock: Class A shares, $0.0001 par value, 2,100,000,000 shares authorized; 313,733,798 and 310,266,922 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively; Class B shares, $0.0001 par value, 200,000,000 shares authorized; 43,881,251 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively	35	35
Additional paid-in capital	574,922	559,214
Accumulated deficit	(264,326)	(198,686)
Accumulated other comprehensive loss	(1,347)	(1,613)
Total stockholders' equity	309,284	358,950
Total liabilities and stockholders' equity	$349,907	$406,810

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