Company: FEAV
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0000950170-25-019943
Chunk: 59

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Item 1
Chunk 59
---
    (8,397
    )

    10,706

    Total liabilities and stockholders’ equity
     
    $
    74,831

    $
    89,504

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

4

5E ADVANCED MATERIALS, INC

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In thousands, except per share amounts)

    Three months ended December 31,

    Six months ended December 31,

    2024

    2023

    2024

    2023

    Operating expenses:

    Project expenses
     
    $
    1,679

    $
    1,431

    $
    3,233

    $
    3,014

    Small-scale facility operating costs

    1,080

    —

    2,668

    —

    General and administrative

    3,280

    7,396

    8,077

    13,434

    Research and development

    —

    6

    —

    45

    Depreciation and amortization expense

    4,992

    53

    9,962

    106

    Total operating expenses

    11,031

    8,886

    23,940

    16,599

    Income (loss) from operations

    (11,031
    )

    (8,886
    )

    (23,940
    )

    (16,599
    )

    Non-operating income (expense):

    Interest income

    25

    10

    48

    142

    Other income

    4

    —

    4

    3

    Derivative gain (loss)

    (830
    )

    —

    1,357

    —

    Interest expense

    (2,430
    )

    (1,739
    )

    (4,585
    )

    (3,526
    )

    Other expense

    —

    (1
    )

    (5
    )

    (6
    )

    Total non-operating income (expense)

    (3,231
    )

    (1,730
    )

    (3,181
    )

    (3,387
    )

    Income (loss