RAIN Q3 2020 Earnings Report — Rain Enhancement Technologies Holdco Inc Revenue & Financial Results | Market Cap Arena

Rain Enhancement Technologies Holdco IncRAIN

Q3 2020 Earnings

Reported September 29, 2020

Quarter Comparison

Revenue

Operating Income

EPS (Diluted)

Free Cash Flow

Metric	Q3 2020	Q2 2020	Q3 2019	QoQ Change	YoY Change
Revenue	$0	$0	—	—	—
Op. Income	-$8M	-$3M	—	-227.3%	—
EPS (Diluted)	$-5.88	$-1.50	—	-292.0%	—
Free Cash Flow	-$2M	-$2M	—	-21.7%	—

Income Statement

Item	Amount
REVENUE	$0
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$8M
Selling & Marketing	$0
General & Administrative	$591.0K
SG&A Expenses	$591.0K
Other Expenses	$0
Operating Expenses	$8M
Cost & Expenses	$8M
OPERATING INCOME	-$8M
Interest Income	$0
Interest Expense	$71.0K
Other Income/Expenses	-$2M
INCOME BEFORE TAX	-$10M
Income Tax Expense	$0
Net Income from Continuing Ops	-$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$10M
D&A	$13.0K
EBIT	-$10M
EBITDA	-$10M
EPS	-$6
EPS Diluted	-$6

Cash Flow Statement

Item	Amount
Net Income	-$10M
Depreciation & Amortization	$13.0K
Stock-Based Compensation	$201.0K
Deferred Income Tax	$0
Other Non-Cash Items	$7M
Change in Working Capital	$767.0K
OPERATING CASH FLOW	-$2M
Capital Expenditure	-$3.0K
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$5M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$63M
NET CASH FROM FINANCING	$63M
FREE CASH FLOW	-$2M
Net Change in Cash	$56M