Fast Radius, Inc.
CIK:0001832351|SEC Filings
Condensed Consolidated Statements of Net Loss and Comprehensive Loss - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2022 |
Sep. 30, 2021 |
Sep. 30, 2022 |
Sep. 30, 2021 |
|
| Revenues | $ 7,072,000 | $ 4,916,000 | $ 20,609,000 | $ 13,579,000 |
| Cost of revenues | 6,372,000 | 7,049,000 | 19,016,000 | 14,077,000 |
| Gross Profit | 700,000 | (2,133,000) | 1,593,000 | (498,000) |
| Operating expenses | ||||
| Sales and marketing | 3,674,000 | 6,583,000 | 15,887,000 | 15,335,000 |
| General and administrative | 15,162,000 | 6,006,000 | 68,104,000 | 22,501,000 |
| Research and development | 2,255,000 | 461,000 | 7,484,000 | 3,148,000 |
| Total operating expenses | 21,091,000 | 13,050,000 | 91,475,000 | 40,984,000 |
| Loss from Operations | (20,391,000) | (15,183,000) | (89,882,000) | (41,482,000) |
| Change in fair value of warrants | 690,000 | (474,000) | 7,311,000 | (1,526,000) |
| Change in fair value of derivatives | 0 | (195,000) | 30,000 | (189,000) |
| Interest income and other income (expense), net | 126,000 | (3,000) | 156,000 | 0 |
| Interest expense, including amortization of debt issuance costs | (2,603,000) | (1,238,000) | (6,580,000) | (1,787,000) |
| Loss before income taxes | (22,178,000) | (17,093,000) | (88,965,000) | (44,984,000) |
| Provision for income taxes | 0 | 0 | 0 | 0 |
| Net Loss | $ (22,178,000) | $ (17,093,000) | $ (88,965,000) | $ (44,984,000) |
| Earnings Per Share [Abstract] | ||||
| Basic | $ (0.29) | $ (0.41) | $ (1.25) | $ (1.09) |
| Diluted | $ (0.29) | $ (0.41) | $ (1.25) | $ (1.09) |
| Weighted average shares outstanding: | ||||
| Basic | 76,670,955 | 41,686,939 | 71,368,336 | 41,341,537 |
| Diluted | 76,670,955 | 41,686,939 | 71,368,336 | 41,341,537 |