5 results
10-K
2023 FY
FBYD
Falcon`s Beyond Global Inc - Ordinary Shares
29 Apr 24
Annual report
8:33am
Year ended December 31, 2023 | Year ended December 31, 2022 | |||||||
Revenue | $ | 18,244 | $ | 15,950 | ||||
Expenses: | ||||||||
Project design and build expense | 10,151 | 11,344 | ||||||
Selling, general and administrative expense | 28,064 | 18,439 | ||||||
Transaction expenses | 26,021 | — | ||||||
Credit loss expense | 5,965 | — | ||||||
Research and development | 1,248 | 2,771 | ||||||
Intangible assets impairment expense | 2,377 | — | ||||||
Depreciation and amortization expense | 1,576 | 737 | ||||||
Loss from operations | (57,158) | (17,341) | ||||||
Share of gain or (loss) from equity method investments | (52,452) | 1,513 | ||||||
Gain on deconsolidation of FCG | 27,402 | — | ||||||
Interest expense | (1,124) | (1,113) | ||||||
Interest income | 95 | — | ||||||
Loss on disposal of assets | — | (9) | ||||||
Change in fair value of warrant liabilities | (2,972) | — | ||||||
Change in fair value of earnout liabilities | (345,413) | — | ||||||
Foreign exchange transaction gain (loss) | 367 | (478) | ||||||
Net loss | $ | (431,255) | $ | (17,428) | ||||
Income tax benefit | 325 | — | ||||||
Net loss | $ | (430,930) | $ | (17,428) |
10-K
2023 FY
FBYD
Falcon`s Beyond Global Inc - Ordinary Shares
29 Apr 24
Annual report
8:33am
FALCON’S BEYOND GLOBAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (in thousands of U.S. dollars, except share and per share data)
Year ended December 31, 2023 | Year ended December 31, 2022 | |||||||
Revenue ($6,779 and $5,848 related party as of December 31, 2023 and 2022, respectively) | $ | 18,244 | $ | 15,950 | ||||
Operating expenses: | ||||||||
Project design and build expense | 10,151 | 11,344 | ||||||
Selling, general and administrative expense | 28,064 | 18,439 | ||||||
Transaction expenses | 26,021 | — | ||||||
Credit loss expense ($5,965 and $0 related party as of December 31, 2023 and 2022, respectively) | 5,965 | — | ||||||
Research and development expense ($1,248 and $0 related party as of December 31, 2023 and 2022, respectively) | 1,248 | 2,771 | ||||||
Intangible asset impairment expense – Note 7 | 2,377 | — | ||||||
Depreciation and amortization expense | 1,576 | 737 | ||||||
Total operating expenses | 75,402 | 33,291 | ||||||
Loss from operations | (57,158) | (17,341) | ||||||
Share of (loss) gain from equity method investments | (52,452) | 1,513 | ||||||
Gain on deconsolidation of FCG | 27,402 | — | ||||||
Interest expense | (1,124) | (1,113) | ||||||
Interest income ($87 and $0 related party as of December 31, 2023 and 2022, respectively) | 95 | — | ||||||
Loss on disposal of assets | — | (9) | ||||||
Change in fair value of warrant liabilities | (2,972) | — | ||||||
Change in fair value of earnout liabilities | (345,413) | — | ||||||
Foreign exchange transaction gain (loss) | 367 | (478) | ||||||
Net loss before taxes | $ | (431,255) | $ | (17,428) | ||||
Income tax benefit | 325 | — | ||||||
Net loss | $ | (430,930) | $ | (17,428) | ||||
Net loss attributable to noncontrolling interest | (383,326) | — | ||||||
Net loss attributable to common stockholders | (47,604) | — | ||||||
Net loss per share, basic and diluted | (6.71) | — | ||||||
Weighted average shares outstanding, basic and diluted | 7,095,204 | — | ||||||
Comprehensive loss: | ||||||||
Net loss | $ | (430,930) | $ | (17,428) | ||||
Foreign currency translation loss | (348) | (429) | ||||||
Total other comprehensive loss | (348) | (429) | ||||||
Total comprehensive loss | $ | (431,278) | $ | (17,857) | ||||
Comprehensive loss attributable to noncontrolling interest | (383,648) | — | ||||||
Comprehensive loss attributable to common stockholders | $ | (47,630) | $ | (17,857) |
10-K
2023 FY
FBYD
Falcon`s Beyond Global Inc - Ordinary Shares
29 Apr 24
Annual report
8:33am
FALCON’S CREATIVE GROUP, LLC CONSOLIDATED STATEMENT OF OPERATIONS (in thousands of U.S. dollars)
Year ended December 31, 2023 | ||||
Revenue ($10,280 related party) | $ | 22,547 | ||
Operating expenses: | ||||
Project design and build expense | 15,994 | |||
Selling, general and administrative expense | 13,811 | |||
Credit loss expense ($3,878 related party) | 3,963 | |||
Inventory write off | 407 | |||
Research and development expense | 112 | |||
Depreciation and amortization expense | 869 | |||
Total operating expenses | 35,156 | |||
Loss from operations | (12,609) | |||
Interest income | 120 | |||
Interest expense | (75) | |||
Foreign exchange transaction gain (loss) | (19) | |||
Net loss before taxes | (12,583) | |||
Income tax benefit | 54 | |||
Net loss | $ | (12,529) |
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