RAIN Q2 2020 Earnings Report — Rain Enhancement Technologies Holdco Inc Revenue & Financial Results | Market Cap Arena

Rain Enhancement Technologies Holdco IncRAIN

Q2 2020 Earnings

Reported June 29, 2020

Quarter Comparison

Revenue

Operating Income

EPS (Diluted)

Free Cash Flow

Metric	Q2 2020	Q1 2020	Q2 2019	QoQ Change	YoY Change
Revenue	$0	$0	—	—	—
Op. Income	-$3M	-$2M	—	-6.7%	—
EPS (Diluted)	$-1.50	$-1.44	—	-4.2%	—
Free Cash Flow	-$2M	-$2M	—	22.3%	—

Income Statement

Item	Amount
REVENUE	$0
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$1M
Selling & Marketing	$0
General & Administrative	$1M
SG&A Expenses	$1M
Other Expenses	-$5.0K
Operating Expenses	$3M
Cost & Expenses	$3M
OPERATING INCOME	-$3M
Interest Income	$6.0K
Interest Expense	$33.0K
Other Income/Expenses	-$32.0K
INCOME BEFORE TAX	-$3M
Income Tax Expense	$0
Net Income from Continuing Ops	-$3M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$3M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$3M
D&A	$12.0K
EBIT	-$3M
EBITDA	-$3M
EPS	-$2
EPS Diluted	-$2

Cash Flow Statement

Item	Amount
Net Income	-$3M
Depreciation & Amortization	$12.0K
Stock-Based Compensation	$196.0K
Deferred Income Tax	$0
Other Non-Cash Items	$38.0K
Change in Working Capital	$444.0K
OPERATING CASH FLOW	-$2M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	$0
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$6M
NET CASH FROM FINANCING	$6M
FREE CASH FLOW	-$2M
Net Change in Cash	$4M