Manage Tickers Link Financial Account

Has my stock been accused of fraud?Join over 160k users who know.

Ticker	Price	Change($)	Change(%)	Shares	Volume	Prev Close	Open	Gain($)	Gain(%)

Ticker	Status	Jurisdiction	Filing Date	CP Start	CP End	CP Loss	Deadline

Ticker	Case Name	Status	CP Start	CP End	Deadline	Settlement Amt

Ticker	Name	Date	Analyst Firm	Up/Down	Target ($)	Rating Change	Rating Current

Reported Earlier, Faraday Future Regains Nasdaq Compliance, Highlights Key Strategic And Financial Progress

Author: Benzinga Newsdesk | July 31, 2024 02:57am

Financial Update – First Quarter 2024

The Company continued its efforts to control costs and reduce operating expenses:

Operating expenses declined significantly to $22.9 million compared to $95.8 million in the same prior year quarter.
Loss from operations declined to $43.6 million compared to a loss of $95.8 million in same prior year quarter.
Cash from operating activities improved meaningfully to a loss of $14.7 million compared to negative $103.0 million in first quarter 2023.
The Company had $499.9 million of assets, $298.4 million liabilities and a book value of $201.5 million at quarter end March 31, 2024.
Shares of Class A common stock outstanding on July 30, 2024 were 441.3 million, as compared to Class A shares outstanding on May 17, 2024 of 439.7 million.

Posted In: FFIE