Montana Technologies Announces Second Quarter 2024 Results
Montana Technologies Announces Second Quarter 2024 Results
"Montana Technologies is making excellent progress towards commercialization of the AirJoule technology," said Matt Jore, Chief Executive Officer of Montana Technologies. "We are excited about our recently announced agreements with TenX and CIC to deploy AirJoule for water production. These novel applications illustrate the value that AirJoule can bring to improve water security and efficiency in a variety of use cases."RONAN, Mont., Aug. 23, 2024 (GLOBE NEWSWIRE) -- Montana Technologies Corporation (NASDAQ: AIRJ) ("Montana Technologies" or the "Company"), the developer of the transformational AirJoule technology for water generation, today announced its second quarter results.
2024年8月23日，蒙特纳，蒙大拿科技公司（纳斯达克股票代码：AIRJ）（"蒙大拿科技" 或 "公司"），开发变革性AirJoule技术用于水资源生产，今天宣布了其第二季度业绩。
2nd Quarter and Recent Highlights
第二季度及近期要点
- Global MOU Announcements:
- United Arab Emirates: Announced agreement with TenX Investment ("TenX") to explore a deployment of AirJoule units in support of water security and sustainability projects in the United Arab Emirates
- Australia: Announced agreement with Climate Impact Corporation ("CIC") to collaborate on solar-powered hydrogen production using AirJoule technology in Australia
- Continued advancement towards commercialization of AirJoule applications in dehumidification and atmospheric water generation
- Commenced the build-out of a new operations facility in Newark, Delaware to house product engineering and an initial manufacturing line, along with office and meeting space for the expanded business development, engineering, and operations teams
- Completed $12 million private placement financing from new and existing investors
- Ended the quarter with $35 million of cash on the balance sheet and sufficient liquidity to support the Company's operations through expected commercialization in 2026
- 全球谅解备忘录公告：
- 阿联酋：宣布与TenX投资（"TenX"）达成协议，探讨在阿联酋的水资源安全和可持续性项目中部署AirJoule装置。
- 澳大利亚：宣布与气候影响公司（"CIC"）合作，在澳大利亚利用AirJoule技术进行太阳能制氢生产。
- 持续推进AirJoule应用在去湿和大气水资源生产方面的商业化。
- 在特拉华州纽瓦克市开始建设一个新的操作设施，用于容纳产品工程和初始制造线，以及扩展业务开发、工程和运营团队的办公和会议空间。
- 以新投资者和现有投资者的方式完成了1200万美元的定向增发融资。
- 以3500万美元的现金结余和足够的流动性支持公司在2026年预计开展商业化运营。
Executive Commentary
高管评论
"Montana Technologies is making excellent progress towards commercialization of the AirJoule technology," said Matt Jore, Chief Executive Officer of Montana Technologies. "We are excited about our recently announced agreements with TenX and CIC to deploy AirJoule for water production. These novel applications illustrate the value that AirJoule can bring to improve water security and efficiency in a variety of use cases."
Montana Technologies首席执行官Matt Jore表示：“ Montana Technologies在商业化AirJoule技术方面正在取得良好进展。我们对我们最近与TenX和CIC达成的部署AirJoule用于水生产的协议感到非常兴奋。这些新颖的应用说明了AirJoule在改善各种用例中的水安全性和效率方面所能带来的价值。”
Pat Eilers, Executive Chairman of Montana Technologies, added, "With our newly expanded business development and operations teams, we are keenly focused on engaging with prospective customers from myriad industries who recognize the immense value from the industry-leading dehumidification and water production capabilities of AirJoule."
Montana Technologies执行主席Pat Eilers补充说：“凭借我们新扩展的业务开发和运营团队，我们着重与认识到AirJoule行业领先的除湿和水生产能力所带来的巨大价值的各行各业的潜在客户进行互动。”
Parallel Commercialization Priorities
平行商业化优先事项
AirJoule transforms humid air into dehumidified air and pure distilled water. Through the same technology and process, AirJoule provides both advanced dehumidification and atmospheric water generation capabilities for use in a variety of customer applications.
AirJoule将湿空气转化为除湿空气和纯净蒸馏水。通过相同的技术和流程，AirJoule为各种客户应用提供先进的除湿和大气水生成能力。
Dehumidification
除湿
When utilized for moisture removal in an air conditioning system, AirJoule can provide significant energy efficiency benefits through lower power consumption compared to conventional moisture removal through condensation. The Company is working closely with its HVAC commercialization partners at Carrier Corporation ("Carrier") on an AirJoule product with a form factor that can remove moisture for a Carrier light commercial system and reduce power consumption. Ultimately, the Company expects to integrate the AirJoule technology into a full Carrier system, which would reduce further reduce power consumption, operating expenses, and scope 2 emissions for customers.
当在空调系统中用于去除湿气时，与传统的通过冷凝去除湿气相比，AirJoule可以通过较低的功耗提供显著的能源效率优势。公司正在与其HVAC商业化合作伙伴Carrier Corporation（“Carrier”）紧密合作，开发一款形状可以为Carrier轻型商用系统除湿并降低功耗的AirJoule产品。最终，公司希望将AirJoule技术整合到完整的Carrier系统中，从而进一步降低客户的功耗、营业费用和scope 2排放。
Water production
水的生产
AirJoule's atmospheric water harvesting capabilities far exceed the performance of other competing technologies. The Company is engaging with prospective customers on use cases where AirJoule can reduce costs or improve industrial processes through its advanced water harvesting capacity. Water usage is increasingly an area of focus for businesses in a wide variety of industries, including agriculture, manufacturing, and data centers.
AirJoule的大气水收集能力远远超过其他竞争技术的表现。该公司正在与潜在客户合作，探讨AirJoule在高级水收集能力方面减少成本或改善工业流程的应用场景。水的使用正日益成为各行业关注的领域，包括农业、制造业和数据中心。
In August 2024, the Company announced two agreements for the deployment of AirJoule for water production in water-scarce regions of the world:
2024年8月，该公司宣布与世界水资源匮乏地区合作部署AirJoule，用于水的生产有两项协议:
- The Company signed a Memorandum of Understanding ("MOU") with Dubai-based TenX to leverage AirJoule's water harvesting capabilities to enhance water security and energy sustainability in the United Arab Emirates. The Company and TenX will explore options to deploy AirJoule units with initial installations focused on critical infrastructure and community water needs.
- The Company is collaborating with Australia-based CIC on the development of their solar-powered hydrogen production modules. Using AirJoule to supply water through atmospheric water harvesting, CIC's modular hydrogen production units will seek to produce green hydrogen using Australia's plentiful solar resources. This collaboration is the first step towards deploying AirJoule to support renewable hydrogen production in the medium term.
- 该公司与总部位于迪拜的TenX签署了一份谅解备忘录（"MOU"），利用AirJoule的水收集能力提升阿拉伯联合酋长国的水资源安全和能源可持续性。公司和TenX将探索部署AirJoule装置的各种选择，初期安装重点放在关键基础设施和社区用水需求上。
- 公司正在与澳大利亚的CIC合作开发太阳能氢气生产模块。CIC的模块化氢气生产装置将利用AirJoule通过大气水收集来供水，通过澳大利亚丰富的太阳能资源，致力于生产绿色氢气。这次合作是在中期支持可再生氢气生产方面部署AirJoule的第一步。
Expansion of Business Development and Operations Teams
业务拓展和运营团队的扩大
During the second quarter, the Company expanded its business development and operations teams with the hiring of several key personnel reporting to Bryan Barton, Chief Commercialization Officer of Montana Technologies. These new hires include:
在第二季度，公司通过聘请一些向Montana Technologies的首席商品化官Bryan Barton汇报的关键人员，扩大了业务拓展和运营团队。这些新聘人员包括：
- Matt Grandbois, VP of Business Development
- Jonathan Tracy, VP of Operations
- Kunjan Khambhati, VP of Supply Chain
- Hao Huang, Senior R&D Leader
- Bobby Carbonell, Innovation & Project Leader
- Matt Olsen, Applications Engineering Leader
- Matt Grandbois，业务拓展副总裁
- Jonathan Tracy，运营副总裁
- Kunjan Khambhati，供应链副总裁
- 黄浩，高级研发负责人
- 博比·卡尔博内尔，创新与项目负责人
- 马特·奥尔森，应用工程负责人
Initial Manufacturing Facility in Newark, DE
位于特拉华州纽瓦克的初始制造设施
In June, our joint venture with GE Vernova commenced buildout for a 30,000 square foot facility in Newark, DE which will include product engineering and the initial manufacturing line for MOF-coated contactors and pre-production AirJoule units. The facility also includes administrative space for the recently expanded business development and operations teams. In support of this expansion, the State of Delaware approved a grant for up to $1.0 million to support the development of the facility and the hiring of additional personnel. The initial manufacturing line is expected to be operational in mid-2025.
六月份，我们与GE Vernova的合资公司开始建设位于特拉华州纽瓦克的30000平方英尺设施，该设施将包括产品工程和MOF覆盖接触器以及预生产的AirJoule装置的初始生产线。该设施还包括最近扩大的业务发展和运营团队的行政空间。为支持这一扩展计划，特拉华州政府批准了高达100万美元的拨款，用于支持设施的发展和新增人员的招聘。初始生产线预计将于2025年中期投入运营。
Private Placement Financing
定向增发融资
On June 11, 2024, the Company announced the completion of a private placement financing with new and existing investors, through which it issued approximately 1.2 million shares for gross proceeds of approximately $12 million. The proceeds are being used to support the commercialization of the AirJoule system.
2024年6月11日，公司宣布与新老投资者完成了定向增发融资，发行了约120万股，募集资金约1200万美元。这些资金将用于支持AirJoule系统的商业化。
Quarterly Report on Form 10-Q
第10-Q表的季度报告
Montana Technologies' financial statements and related footnotes are available in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, which was filed with the Securities and Exchange Commission ("SEC") on August 23, 2024. The financial statements reflect a change in accounting treatment for the Company's investment in the joint venture with GE Vernova. As described in a Form 8-K filed with the SEC on August 13, 2024, the Company determined, through a consultation process with the SEC, that it should use the equity method to account for its investment in the joint venture. Additionally, the Company has restated its financial statements for the quarter ended March 31, 2024, in a Form 10-Q/A filed with the SEC on August 23, 2024.
Montana Technologies的财务报表及相关附注可在2024年6月30日结束的季度10-Q表格中查看，该表格已于2024年8月23日提交给证券交易委员会("SEC")。财务报表反映了公司与GE Vernova合资企业投资会计处理方式的变更。如2024年8月13日提交给SEC的8-k表格中所述，公司通过与SEC的磋商流程确定应使用权益法核算其对合资企业的投资。此外，公司已在2024年8月23日提交给SEC的10-Q/A表格中重新编制了截至2024年3月31日的财务报表。
Earnings Call Webcast
业绩会网络直播
Montana Technologies has provided investors with an earnings call webcast. Interested parties may view the webcast by visiting the investor section of the Montana Technologies website at and clicking on the webcast link.
蒙塔纳公司已向投资者提供了一次业绩会网上直播。有兴趣的方请访问蒙塔纳公司网站的投资者专栏，并点击网上直播链接观看。
About Montana Technologies Corporation
关于Montana Technologies Corporation Montana Technologies Corporation（NASDAQ：AIRJ）是AirJoule的开发者，这是一种可以从空气中提取出高效和可持续的蒸汽的大气热能和水收集技术。设计旨在减少能源消耗和产生物质成本效益，AirJoule正在通过与GE Vernova的合资企业以及与Carrier Global Corporation和BASF的合作伙伴关系向市场推广。欲了解更多信息，请访问。
Montana Technologies Corporation (NASDAQ: AIRJ) is the developer of AirJoule, an atmospheric thermal energy and water harvesting technology that provides efficient and sustainable air dehumidification and pure water from air. Designed to reduce energy consumption and generate material cost efficiencies, AirJoule is being commercialized through a joint venture with GE Vernova and through partnerships with Carrier Global Corporation and BASF. For more information, visit .
蒙塔纳科技公司 (纳斯达克：AIRJ) 是大气热能和水资源开发技术AirJoule的开发商，通过从空气中进行高效可持续除湿和纯净水获取。AirJoule旨在减少能源消耗和降低成本，通过与GE Vernova和开利全球公司以及巴斯夫的合作伙伴关系实现商业化。如需更多信息，请访问。
Forward Looking Statements
前瞻性声明
The information in this press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Montana Technologies and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words "could," "may," "will," "should," "anticipate," "believe," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Montana Technologies expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release.
本新闻稿中的信息包括根据1933年修订版证券法第27A条和1934年修订版证券交易法第21E条的"前瞻性声明"。本新闻稿中除了包括在本新闻稿中的当前或历史事实陈述之外，关于Montana Technologies及其未来的财务和运营绩效、战略、未来运营、估计的财务状况、估计的收入和损失、预计的成本、前景、管理层的计划和目标都属于前瞻性陈述。当本新闻稿中使用「可能」、「会」、「应当」、「预计」、「相信」、「打算」、「估计」、「期望」、「计划」、「词含有这些否定形式及其他类似表达的词语时，旨在识别前瞻性陈述，尽管并非所有前瞻性陈述都包括带有此类识别词。这些前瞻性陈述基于管理层对未来事件的当前预期和假设，并基于目前可用信息以及未来事件的结果和时间的情况。除非适用法律另有规定，否则Montana Technologies明确声明不承担对任何前瞻性陈述的责任，这些陈述都在此明确受到本文中的声明的约束，以反映本新闻稿发布日期之后的事件或情况。
Montana Technologies cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond Montana Technology's control. These risks include, but are not limited to, our status as an early stage Company with limited operating history, which may make it difficult to evaluate the prospects for our future viability; our initial dependence on revenue generated from a single product; significant barriers we face to deploy our technology; the dependence of our commercialization strategy on our relationships with BASF, CATL, Carrier, GE Vernova, and other third parties history of losses, and the other risks and uncertainties described under the heading "Risk Factors" in our SEC filings including in our Registration Statement (See Risk Factors) on Form S-1 filed with the Securities and Exchange Commission (the "SEC") on June 27, 2024. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Montana Technologies' SEC Filings are available publicly on the SEC's website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.
Montana Technologies提醒您，这些前瞻性陈述受到许多难以预测的风险和不确定因素的影响，其中很多是Montana Technologies无法控制的。这些风险包括但不限于我们作为一家初创企业的地位，具有有限的经营历史，这可能使我们难以评估我们未来可行性的前景；我们最初依赖于单一产品创造的收入；我们部署技术面临的重重障碍；我们商业化战略依赖于我们与巴斯夫、CATL、开利全球、GE Vernova和其他第三方的关系；历史损失记录以及我们SEC备案中在"风险因素"一节中描述的其他风险和不确定因素，包括我们于2024年6月27日向美国证券交易委员会（SEC）备案的S-1表格注册声明（请参阅风险因素）。鉴于这些风险和不确定因素，敬请读者不要过度依赖此类前瞻性陈述。如果本新闻稿中所述的风险或不确定因素之一发生，或者根本假设不正确，实际结果和计划可能与任何前瞻性陈述中所表达的不同。Montana Technologies的SEC备案可在SEC网站上公开获取，网址为www.sec.gov，敬请读者仔细审查和考虑在此类备案中所做的各种披露。
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MONTANA TECHNOLOGIES CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) | ||||||||
| June 30, | December 31, | |||||||
| 2024 | 2023 | |||||||
| Assets | ||||||||
| Current assets | ||||||||
| Cash | $ | 34,648,611 | $ | 375,796 | ||||
| Prepaid expenses and other current assets | 1,307,501 | 126,971 | ||||||
| Total current assets | 35,956,112 | 502,767 | ||||||
| Operating lease right-of-use asset | 162,476 | 49,536 | ||||||
| Property and equipment, net | 8,085 | 3,832 | ||||||
| Investment in AirJoule, LLC | 342,892,830 | — | ||||||
| Total assets | $ | 379,019,503 | $ | 556,135 | ||||
| Liabilities and Stockholders' equity (deficit) | ||||||||
| Current liabilities | ||||||||
| Accounts payable | $ | 768,438 | $ | 2,518,763 | ||||
| Accrued transaction fees | 50,000 | 3,644,100 | ||||||
| Other accrued expenses | 2,275,904 | 244,440 | ||||||
| Operating lease liability, current | 25,368 | 22,237 | ||||||
| True Up Shares liability | 422,000 | — | ||||||
| Total current liabilities | 3,541,710 | 6,429,540 | ||||||
| Earnout Shares liability | 48,329,000 | — | ||||||
| Subject Vesting Shares liability | 12,458,000 | — | ||||||
| Operating lease liability, non-current | 139,999 | 27,299 | ||||||
| Deferred tax liability | 84,487,339 | — | ||||||
| Total liabilities | $ | 148,956,048 | $ | 6,456,839 | ||||
| Commitments and contingencies (Note 12) | ||||||||
| Stockholders' equity (deficit) | ||||||||
| Preferred stock, $0.0001 par value; 25,000,000 authorized shares and 0 shares issued and outstanding as of June 30, 2024 and December 31, 2023 | $ | — | $ | — | ||||
| Class A Common stock, $0.0001 par value; 600,000,000 authorized shares and 51,016,028 and 32,731,583 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively | 5,110 | 3,274 | ||||||
| Class B Common stock, $0.0001 par value; 50,000,000 authorized shares and 4,759,642 shares issued and outstanding as of June 30, 2024 and December 31, 2023 | 476 | 476 | ||||||
| Additional paid-in capital | 52,240,783 | 11,263,647 | ||||||
| Retained earnings (accumulated deficit) | 177,817,086 | (17,168,101) | ||||||
| Total stockholders' equity (deficit) | 230,063,455 | (5,900,704) | ||||||
| Total liabilities and stockholders' equity (deficit) | $ | 379,019,503 | $ | 556,135 | ||||
| MONTANA TECHNOLOGIES 公司 简化联合资产负债表（未经审计） | ||||||||
| 6月30日, | 12月31日 | |||||||
| 2024 | 2023 | |||||||
| 资产 | ||||||||
| 流动资产 | ||||||||
| 现金 | $ | 投资于AirJoule, LLC | $ | 342,892,830 | ||||
| 资产预付款和其他流动资产的变动 | Total assets | |||||||
| 总流动资产 | ||||||||
| 经营租赁资产使用权 | Accounts payable | 49,536 | ||||||
| 资产和设备，净值 | 8,085 | 3,832 | ||||||
| Other accrued expenses | — | |||||||
| 总资产 | $ | Operating lease liability, current | $ | 25,368 | ||||
| 流动负债 | ||||||||
| 应付账款 | $ | $ | ||||||
| 50,000 | ||||||||
| 其他应计费用 | 263,125 | |||||||
| 经营租赁负债，流动负债 | 25,368 | 22,237 | ||||||
| 6,456,839 | 422,000 | — | ||||||
| 流动负债合计 | $ | |||||||
| — | — | — | ||||||
| 5,110 | 3,274 | — | ||||||
| 非流动经营租赁负债 | 139,999 | 27,299 | ||||||
| 递延所得税负债 | 11,263,647 | — | ||||||
| 负债合计 | $ | （17,168,101） | $ | |||||
| 100亿股认可，分别于2024年5月3日和2024年2月2日拥有发行并流通的股份数量 | ||||||||
| 股东权益（赤字） | ||||||||
| 556,135 | $ | — | $ | — | ||||
| 5,110 | 3,274 | |||||||
| 476 | 476 | |||||||
| 额外实收资本 | ||||||||
| 1,102.0 | ||||||||
| 股东权益合计(赤字) | 138,576 | |||||||
| 负债和股东权益合计(赤字) | $ | — | $ | |||||
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MONTANA TECHNOLOGIES CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) | ||||||||||||||||
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Three Months Ended June 30, |
Six Months Ended June 30, |
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| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Costs and expenses: | ||||||||||||||||
| General and administrative | $ | 3,211,205 | $ | 1,813,014 | $ | 4,024,444 | $ | 2,031,189 | ||||||||
| Research and development | 1,050,804 | 1,099,143 | 1,896,961 | 1,704,087 | ||||||||||||
| Sales and marketing | 74,841 | 128,153 | 112,566 | 138,576 | ||||||||||||
| Transaction costs incurred in connection with business combination | — | — | 54,693,103 | — | ||||||||||||
| Depreciation and amortization | 1,216 | 1,085 | 2,301 | 2,170 | ||||||||||||
| Loss from operations | (4,338,066) | (3,041,395) | (60,729,375) | (3,876,022) | ||||||||||||
| Other income, net: | ||||||||||||||||
| Interest income | 216,480 | 3,551 | 242,626 | 3,551 | ||||||||||||
| Gain on contribution to AirJoule, LLC | — | — | 333,500,000 | — | ||||||||||||
| Equity loss from investment in AirJoule, LLC | (580,788) | — | (607,170) | — | ||||||||||||
| Change in fair value of Earnout Shares liability | 13,064,000 | — | 5,392,000 | — | ||||||||||||
| Change in fair value of True Up Shares liability | (136,000) | — | 133,000 | — | ||||||||||||
| Change in fair value of Subject Vesting Shares | 1,759,000 | — | (666,000) | — | ||||||||||||
| Gain on settlement of legal fees | 2,207,445 | — | 2,207,445 | — | ||||||||||||
| Total other income (expenses), net | 16,530,137 | 3,551 | 340,201,901 | 3,551 | ||||||||||||
| Income (loss) before income taxes | 12,192,071 | (3,037,844) | 279,472,526 | (3,872,471) | ||||||||||||
| Income tax benefit (expense) | 1,237,824 | — | (84,487,339) | — | ||||||||||||
| Net income (loss) | $ | 13,429,895 | $ | (3,037,844) | $ | 194,985,187 | $ | (3,872,471) | ||||||||
| Weighted average Class A common stock outstanding, basic | 49,560,529 | 32,667,171 | 43,357,928 | 32,633,380 | ||||||||||||
| Basic net income (loss) per share, Class A common stock | $ | 0.25 | $ | (0.08) | $ | 4.05 | $ | (0.10) | ||||||||
| Weighted average Class A common stock outstanding, diluted | 51,358,716 | 32,667,171 | 44,995,234 | 32,633,380 | ||||||||||||
| Diluted net income (loss), per share, Class A common stock | $ | 0.24 | (0.08) | $ | 3.92 | $ | (0.10) | |||||||||
| Weighted average Class B common stock outstanding, basic and diluted | 4,759,642 | 4,759,642 | 4,759,642 | 4,759,642 | ||||||||||||
| Basic net income (loss) per share, Class B common stock | $ | 0.25 | $ | (0.08) | $ | 4.05 | $ | (0.10) | ||||||||
| Diluted net income (loss) per share, Class B common stock | $ | 0.24 | (0.08) | $ | 3.92 | (0.10) | ||||||||||
| MONTANA TECHNOLOGIES 公司 简要的综合收入表（未经审计） | ||||||||||||||||
| 三个月之内结束 6月30日, |
销售额最高的六个月 6月30日, |
|||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| 成本和费用： | ||||||||||||||||
| 普通和管理 | $ | $ | $ | $ | ||||||||||||
| 研发 | ||||||||||||||||
| 销售及营销费用 | 107,378 | 128,153 | ||||||||||||||
| — | — | — | — | |||||||||||||
| 折旧和摊销 | 1,216 | 1,085 | 2,301 | 2,170 | ||||||||||||
| 经营亏损 | 3,551 | |||||||||||||||
| 其他收入，净额： | ||||||||||||||||
| 利息收入 | Net income (loss) | 3,551 | （3,037,844） | 3,551 | ||||||||||||
| — | — | — | ||||||||||||||
| 43,357,928 | 32,633,380 | — | — | |||||||||||||
| 51,358,716 | 32,667,171 | — | 32,633,380 | — | ||||||||||||
| 0.24 | (0.08) | — | 133,000 | — | ||||||||||||
| — | — | |||||||||||||||
| $ | — | — | ||||||||||||||
| 其他总收益(费用)，净额 | 3,551 | 3,551 | ||||||||||||||
| 税前收益（亏损） | True Up股票负债的公允价值变动 | (133,000) | ||||||||||||||
| 所得税效益(费用) | Subject Vesting Shares责任的公允价值变动 | — | — | — | ||||||||||||
| 净利润（损失） | $ | — | $ | $ | $ | |||||||||||
| Share-based compensation | ||||||||||||||||
| (100,733) | $ | 0.25 | $ | （0.08） | $ | 4.05 | $ | （0.10） | ||||||||
| 应计费用、应计交易成本和其他负债 | （5,563,053） | 1,940,339 | ||||||||||||||
| $ | 0.24 | （0.08） | $ | 3.92 | $ | （0.10） | ||||||||||
| 行使期权所得款项 | 60,170 | — | ||||||||||||||
| 61,750,000 | $ | 0.25 | $ | （0.08） | $ | 4.05 | $ | （0.10） | ||||||||
| $ | 0.24 | （0.08） | $ | 3.92 | （0.10） | |||||||||||
|
MONTANA TECHNOLOGIES CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) | ||||||||
|
For the Six Months Ended June 30, |
||||||||
| 2024 | 2023 | |||||||
| Cash Flows from Operating Activities | ||||||||
| Net income (loss) | $ | 194,985,187 | $ | (3,872,471) | ||||
| Adjustment to reconcile net income (loss) to cash used in operating activities: | ||||||||
| Depreciation and amortization | 2,301 | 2,170 | ||||||
| Deferred tax expense | 84,487,339 | — | ||||||
| Amortization of operating lease right-of-use assets | 59,709 | 10,483 | ||||||
| Change in fair value of Earnout Shares liability | (5,392,000) | — | ||||||
| Change in fair value of True Up Shares liability | (133,000) | — | ||||||
| Change in fair value of Subject Vesting Shares liability | 666,000 | — | ||||||
| Gain on contribution to AirJoule, LLC | (333,500,000) | — | ||||||
| Equity loss from investment in AirJoule, LLC | 607,170 | — | ||||||
| Non-cash transaction costs in connection with business combination | 53,721,000 | — | ||||||
| Gain on settlement of legal fees | (2,207,445) | — | ||||||
| Share-based compensation | 150,519 | 52,000 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Prepaid expenses and other assets | (806,153) | (100,733) | ||||||
| Operating lease liabilities | (56,818) | (10,483) | ||||||
| Accounts payable | (3,157,317) | 121,883 | ||||||
| Due to related party | (1,440,000) | — | ||||||
| Accrued expenses, accrued transaction costs and other liabilities | (5,563,053) | 1,940,339 | ||||||
| Net cash used in operating activities | (17,576,561) | (1,856,812) | ||||||
| Cash Flows from Investing Activities | ||||||||
| Purchases of fixed assets | (6,554) | (96,025) | ||||||
| Investment in AirJoule, LLC | (10,000,000) | — | ||||||
| Net cash used in investing activities | (10,006,554) | (96,025) | ||||||
| Cash Flows from Financing Activities | ||||||||
| Proceeds from the exercise of warrants | 45,760 | 8,580 | ||||||
| Proceeds from the exercise of options | 60,170 | — | ||||||
| Proceeds from the issuance of common stock pursuant to subscription agreements | 61,750,000 | — | ||||||
| Issuance of preferred units | — | 255,861 | ||||||
| Net cash provided by financing activities | 61,855,930 | 264,441 | ||||||
| Net increase (decrease) in cash | 34,272,815 | (1,688,396) | ||||||
| Cash, beginning of period | 375,796 | 5,211,486 | ||||||
| Cash, end of the period | $ | 34,648,611 | $ | 3,523,090 | ||||
| Supplemental Non-Cash investing and financing activities: | ||||||||
| Initial recognition of True Up Shares liability | $ | 555,000 | $ | — | ||||
| Initial recognition of Subject Vesting Shares liability | $ | 11,792,000 | $ | — | ||||
| Initial recognition of ROU asset and operating lease liability | $ | 172,649 | $ | — | ||||
| Liabilities combined in recapitalization, net | $ | 8,680,477 | $ | — | ||||
| Contribution to AirJoule, LLC of license to technology | $ | 333,500,000 | $ | — | ||||
| Supplemental Cash flow information: | ||||||||
| Taxes paid | $ | — | $ | — | ||||
| MONTANA TECHNOLOGIES 公司 未经审计的简明合并现金流量表 | ||||||||
| 截至5月2日六个月内 6月30日, |
||||||||
| 2024 | 2023 | |||||||
| 经营活动产生的现金流量 | ||||||||
| 净利润（损失） | $ | $ | ||||||
| $ | ||||||||
| 折旧和摊销 | 2,301 | 2,170 | ||||||
| 递延所得税费用 | — | — | ||||||
| 运营租赁权利资产摊销 | 59709 | 10,483 | ||||||
| — | ||||||||
| — | ||||||||
| 666,000 | — | |||||||
| — | ||||||||
| — | ||||||||
| — | ||||||||
| — | ||||||||
| 股权酬金 | 52,000 | |||||||
| 经营性资产和负债变动: | ||||||||
| 预付款项和其他资产 | ||||||||
| 经营租赁负债 | ||||||||
| 应付账款 | ||||||||
| 应相关方付款 | — | |||||||
| 经营活动使用的净现金流量 | ||||||||
| 投资活动产生的现金流量 | ||||||||
| 购买固定资产 | （6,554） | |||||||
| — | ||||||||
| 投资活动产生的净现金流出 | ||||||||
| 筹资活动产生的现金流量 | ||||||||
| 行使权证所得款项 | 45,760 | 8,580 | ||||||
| — | ||||||||
| 61,750,000 | — | |||||||
| — | ||||||||
| 筹资活动产生的现金净额 | ||||||||
| 现金净增加（减少） | ||||||||
| 期初现金 | ||||||||
| 现金，期末 | $ | $ | ||||||
| $ | 555,000 | $ | — | |||||
| $ | $ | — | ||||||
| $ | 172,649 | $ | — | |||||
| $ | $ | — | ||||||
| $ | $ | — | ||||||
| 已缴纳的税款 | $ | — | $ | — | ||||
Contacts
联系方式
Investor Relations:
Tom Divine – Vice President, Investor Relations and Finance
investors@mt.energy
投资者关系:
汤姆·迪文 - 副总裁，投资关系和财务
investors@mt.energy
Media:
media@mt.energy
媒体：
