NET Power Inc
For the period ended Dec 31, 2023. Filed Mar 11, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 11, 2024
NPWR$0.84-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
| Period from | |||
|---|---|---|---|
| June 8 – December 31, 2023 (Successor) | January 1 – June 7, 2023 (Predecessor) | January 1 – December 31, 2022 (Predecessor) | |
| Revenue | $— | $175 | $580 |
| Cost of revenue | — | 3 | 189 |
| Cost of revenue – related party | — | — | 86 |
| Gross profit (loss) | — | 172 | 305 |
| Operating expenses | |||
| General and administrative | 41,260 | 12,684 | 16,685 |
| General and administrative – related party | 84 | 177 | 504 |
| Sales and marketing | 1,791 | 869 | 801 |
| Research and development | 25,022 | 2,058 | 3,121 |
| Research and development – related party | 643 | 12,243 | 15,817 |
| Project development | 625 | 479 | 15 |
| Option settlement – related party | 79,054 | — | — |
| Depreciation, amortization and accretion | 45,031 | 5,812 | 13,387 |
| Total operating expenses | 193,510 | 34,322 | 50,330 |
| Operating loss | (193,510) | (34,150) | (50,025) |
| Other income (expense) | |||
| Interest income (expense) | 19,473 | 4 | (4,791) |
| Change in Earnout Shares liability and Warrant liability | 26,515 | — | — |
| Other income (expense) | (1) | (30) | 38 |
| Net other income (expense) | 45,987 | (26) | (4,753) |
| Net loss before income tax | (147,523) | (34,176) | (54,778) |
| Income tax benefit | (5,707) | — | — |
| Net loss after income tax | (141,816) | (34,176) | (54,778) |
| Net loss attributable to non-controlling interests | (98,760) | — | — |
| Net loss attributable to NET Power Inc. | (43,056) | (34,176) | (54,778) |
| Other comprehensive gain (loss) | |||
| Foreign currency translation gain (loss) | — | — | (3) |
| Total other comprehensive gain (loss) | — | — | (3) |
| Comprehensive loss | (141,816) | (34,176) | (54,781) |
| Comprehensive loss attributable to non-controlling interests | (98,760) | — | — |
| Comprehensive loss attributable to NET Power Inc. | $(43,056) | $(34,176) | $(54,781) |
| Net loss per share of Class A Common Stock (Successor) or per membership interest (Predecessor) | $(0.62) | $(9.07) | $(14.79) |
| Weighted average shares of Class A Common Stock or membership interests, basic and diluted | 69,755,848 | 3,766,871 | 3,702,803 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.