截至2024年3月31日，公司的总资产为4.999亿美元，负债为2.984亿美元，账面价值达到2.015亿美元。此外，截至2024年7月30日，公司流通在外的A类普通股股份为4.413亿股，较5月17日的4.397亿股有所增加。Faraday Future has released the latest updates on its business.
According to the news from the Zhitongcaijing APP, on July 31, Faraday Future (FFIE.US) released the latest updates on its business, focusing on the significant progress the company has made in strategic development and operation, especially in meeting Nasdaq's timely reporting requirements.
In the first quarter of 2024, Faraday Future will continue to focus on cost control and reduce operating expenses. The company's operating expenses have significantly decreased from $95.8 million in the same period last year to $22.9 million, and operating losses have decreased from $95.8 million in the same period last year to $43.6 million. The cash flow from operating activities has significantly improved, and the loss has decreased to $14.7 million, compared to a loss of $103 million in the first quarter of 2023.
As of March 31, 2024, the company's total assets were $499.9 million, liabilities were $298.4 million, and book value was $201.5 million. In addition, as of July 30, 2024, the company's Class A common stock outstanding was 441.3 million shares, an increase from 439.7 million shares on May 17.
Faraday Future has obtained approval from the Nasdaq Hearing Committee to continue its listing, but must comply with certain compliance deadlines. The company has successfully submitted its 10-Q quarterly report as of March 31, 2024, meeting one important compliance deadline requirement.
Through this series of measures and achievements, Faraday Future has demonstrated its positive progress in financial management and compliance. As of press time, pre-market trading of Faraday Future's stock rose more than 35%, reaching $0.42.
