liability -- (240) -- 561
Change in fair
value of earnout
liability 1,316 (1,307) 1,720 6,029
Loss on issuance
of July 2024
warrants (567) -- (567) --
Change in fair
value of July
2024 warrant
liability 232 -- 232 --
Impairment of
investments (9,145) -- (9,145) --
Gain on
deconsolidation
of subsidiary 2,559 -- 2,559 --
Gain on disposal
of auctioned
assets 1,721 -- 1,721 --
Foreign currency
exchange gain
(loss) and other
expense, net (534) (3,877) (1,217) (2,447)
Investment income
and interest
income, net 524 1,441 2,500 6,501
--------------------- ---------------------- ------------------- ---------------------
Total other
income
(expense) (3,894) (3,983) (2,197) 10,644
--------------------- ---------------------- ------------------- ---------------------
Loss before income
taxes $ (41,320) $ (44,055) $ (126,412) $ (134,568)
Income tax expense -- -- -- --
--------------------- ---------------------- ------------------- ---------------------
Net loss $ (41,320) $ (44,055) $ (126,412) (134,568)
--------------------- ---------------------- ------------------- ---------------------
Less: Net loss
attributable to
noncontrolling
interest (1) (1) (78) (18)
--------------------- ---------------------- ------------------- ---------------------
Net loss attributable
to Hyzon $ (41,319) $ (44,054) $ (126,334) $ (134,550)
--------------------- ---------------------- ------------------- ---------------------
Comprehensive loss:
Net loss $ (41,320) $ (44,055) $ (126,412) $ (134,568)
Foreign currency
translation
adjustment (315) 2,721 (143) 986
Net change in
unrealized gain
(loss) on short-term
investments -- 286 -- (702)
--------------------- ---------------------- ------------------- ---------------------
Comprehensive loss $ (41,635) $ (41,048) $ (126,555) $ (134,284)
Less:
Comprehensive
income (loss)
attributable to
noncontrolling
interest (23) 5 (84) 10
--------------------- ---------------------- ------------------- ---------------------
Comprehensive loss
attributable to
Hyzon $ (41,612) $ (41,053) $ (126,471) $ (134,294)
===================== ====================== =================== =====================
Net loss per share
attributable to
Hyzon:
Basic $ (7.74) $ (8.99) $ (24.42) $ (27.49)
Diluted $ (7.74) $ (8.99) $ (24.42) $ (27.49)
Weighted average
common shares
outstanding:
Basic 5,337 4,898 5,173 4,894
Diluted 5,337 4,898 5,173 4,894
View original content to download multimedia:https://www.prnewswire.com/news-releases/hyzon-announces-third-quarter-2024-financial-and-operating-results-302303672.html
SOURCE Hyzon
/CONTACT: For media inquiries: Hyzon@teamavoq.com, For investors: ir@hyzonfuelcell.com
(END) Dow Jones Newswires
November 13, 2024 07:30 ET (12:30 GMT)
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