Income Statement (Last 12 Months) | ||||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Revenue | 8.7% | 27,042,064 | 24,886,064 | 22,478,064 | 20,012,064 | 18,105,333 |
Gross Profit | 275.2% | 1,803,387 | -1,029,613 | -484,613 | -287,613 | -664,000 |
Operating Expenses | 7.8% | 111,222,617 | 103,181,617 | 96,297,617 | 60,731,617 | 54,645,333 |
S&GA Expenses | -11.1% | 23,273,423 | 26,182,423 | 25,588,423 | 22,721,423 | 15,335,020 |
R&D Expenses | 23.7% | 9,371,963 | 7,577,963 | 7,221,963 | 5,035,963 | 4,197,333 |
EBITDA | -4.7% | -109,190,580 | -104,291,580 | -116,643,922 | -65,329,820 | - |
EBITDA Margin | 3.6% | -4.04 | -4.19 | -5.83 | -3.26 | - |
Earnings Before Taxes | -4.8% | -111,864,898 | -106,779,898 | -99,697,898 | -67,883,898 | -59,978,666 |
EBT Margin | 3.6% | -4.14 | -4.29 | -5.97 | -3.39 | - |
Interest Expenses | - | 854,078 | - | - | - | - |
Net Income | -4.8% | -111,864,898 | -106,779,898 | -99,697,898 | -67,883,898 | -44,984,020 |
Net Income Margin | -27.0% | -4.14 | -3.26 | -6.26 | -3.39 | - |
Free Cahsflow | 3.2% | -93,510,038 | -96,589,038 | -96,870,281 | -57,393,038 | -8,085,466 |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Assets | -31.1% | 48.00 | 69.00 | 91.00 | 32.00 | 346 |
Current Assets | -38.3% | 34.00 | 54.00 | 77.00 | 22.00 | 1.00 |
Cash Equivalents | -43.5% | 21.00 | 38.00 | 57.00 | 9.00 | 0.00 |
Inventory | -20.2% | 0.00 | 1.00 | 1.00 | 0.00 | - |
Net PPE | -3.5% | 11.00 | 12.00 | 11.00 | 10.00 | - |
Liabilities | -3.7% | 53.00 | 55.00 | 58.00 | 72.00 | 27.00 |
Current Liabilities | 8.9% | 53.00 | 48.00 | 45.00 | 38.00 | 2.00 |
Long Term Debt | -6.9% | 27.00 | 29.00 | 29.00 | 43.00 | - |
LT Debt, Current | 16.0% | 27.00 | 23.00 | 18.00 | 13.00 | - |
LT Debt, Non Current | -100.0% | - | 6.00 | 10.00 | 17.00 | - |
Shareholder's Equity | -56.5% | 14.00 | 32.00 | - | - | - |
Retained Earnings | -10.3% | -237 | -215 | -192 | -123 | -26.77 |
Additional Paid-In Capital | 1.1% | 232 | 229 | 225 | 83.00 | 1.00 |
Accumulated Depreciation | 8.7% | 5.00 | 5.00 | 4.00 | 3.00 | - |
Shares Outstanding | 1.5% | 77.00 | 76.00 | 73.00 | 40.00 | 42.00 |
Cashflow (Last 12 Months) | (In Thousands) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Cashflow From Operations | 1.1% | -86,832 | -87,777 | -82,811 | -48,771 | -34,306 |
Share Based Compensation | 9.9% | 25,644 | 23,324 | 20,969 | 855 | 933 |
Cashflow From Investing | 32.9% | -5,914 | -8,811 | -8,859 | -8,621 | -8,582 |
Cashflow From Financing | -15.9% | 102,685 | 122,138 | 140,418 | 47,601 | 33,727 |
50.6%
48.2%
48.2%
Y-axis is the maximum loss one would have experienced if Fast Radius was unfortunately bought at previous high price.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-05-16 | Rockefeller Capital Management L.P. | sold off | -100 | - | - | -% |
2023-05-16 | Rockefeller Capital Management L.P. | sold off | -100 | - | - | -% |
2023-05-10 | HUNTINGTON NATIONAL BANK | unchanged | - | - | - | -% |
2023-05-09 | Tower Research Capital LLC (TRC) | sold off | -100 | - | - | -% |
2023-05-08 | Context Capital Management, LLC | sold off | -100 | - | - | -% |
2023-05-04 | BARCLAYS PLC | sold off | -100 | - | - | -% |
2023-04-28 | DUPONT CAPITAL MANAGEMENT CORP | sold off | -100 | -2.00 | - | -% |
2023-02-13 | Kepos Capital LP | sold off | -100 | -6,000 | - | -% |
2023-02-13 | Kepos Capital LP | sold off | -100 | -11,000 | - | -% |
2023-02-01 | BANK OF MONTREAL /CAN/ | sold off | -100 | -14,000 | - | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 10, 2023 | aristeia capital llc | 0.61% | 464,688 | SC 13G/A | |
Feb 03, 2023 | weiss asset management lp | 0.00% | 0 | SC 13G/A |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2022-09-01 | Rassey Louis | acquired | - | - | 3,362 | chief executive officer |
2022-09-01 | McCusker Patrick | acquired | - | - | 2,966 | see remarks |
2022-09-01 | Nanry John | acquired | - | - | 1,582 | chief operating officer |
2022-06-01 | Rassey Louis | acquired | - | - | 2,522 | chief executive officer |
2022-06-01 | McCusker Patrick | acquired | - | - | 2,223 | chief operating officer |
2022-02-04 | ECP ControlCo, LLC | acquired | 10,000,000 | 10.00 | 1,000,000 | - |
2022-02-04 | ECP ControlCo, LLC | acquired | - | - | 8,895,460 | - |
2022-02-04 | Rassey Louis | acquired | - | - | 213,253 | chief executive officer |
2022-02-04 | Rassey Louis | acquired | - | - | 226,163 | chief executive officer |
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 |
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
---|---|---|
Current assets | ||
Cash and cash equivalents | $ 21,391 | $ 8,702 |
Accounts receivable, net of allowances for doubtful accounts of $1,637 and $930, respectively | 7,158 | 7,015 |
Inventories | 443 | 449 |
Prepaid production costs | 704 | 987 |
Prepaid expenses and other current assets | 3,886 | 4,422 |
Total current assets | 33,582 | 21,575 |
Non-current assets: | ||
Property and equipment, net | 11,119 | 9,528 |
Other non-current assets | 3,051 | 535 |
Total assets | 47,752 | 31,638 |
Current liabilities | ||
Accounts payable | 5,083 | 3,987 |
Accrued compensation | 4,497 | 3,097 |
Accrued and other liabilities | 12,400 | 11,610 |
Advances from customers | 164 | 258 |
Accrued liabilities - related parties | 3,750 | 2,513 |
Warrant liability | 0 | 2,968 |
Current portion of term loans | 26,752 | 13,266 |
Total current liabilities | 52,646 | 37,699 |
Other long-term liabilities | 59 | 396 |
Warrant liability | 484 | 0 |
Term loans - net of current portion and debt issuance costs | 0 | 16,776 |
Related party convertible notes and derivative liability | 0 | 16,857 |
Total liabilities | 53,189 | 71,728 |
Commitment and contingencies (Note 6) | ||
Stockholders' equity (deficit) | ||
Common stock, $0.0001 par value, authorized 350,000,000 shares; issued 75,901646 and 39,656,951 shares as of September 30, 2022 and December 31, 2021, respectively | 8 | 4 |
Additional paid-in capital | 231,854 | 83,399 |
Accumulated Deficit | (237,299) | (123,493) |
Total stockholders' equity (deficit) | (5,437) | (40,090) |
Total liabilities and stockholders' equity (deficit) | $ 47,752 | $ 31,638 |