(CNN) - Mitt Romney's presidential campaign on Monday announced raising $6.5 million in January while significantly depleting their resources as his campaign fought to win two of the first four Republican contests.
The campaign burned through $18.7 million in January, ending the month with almost $7.7 million on hand and no debt, according to Federal Election Commission findings. Financial disclosure documents from the fourth quarter of 2011 showed the campaign starting the month with $19.9 million on hand.
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This spend came while Romney was competing in New Hampshire and Florida, which he won, and Iowa and South Carolina, which he lost. The Nevada contest - which he won - quickly followed on Feb. 4, but Romney suffered defeats just days later in the Colorado and Minnesota caucuses, as well as the non-binding primary in Missouri.
The super PAC supporting Romney, Restore Our Future, spent $13.9 million in January primarily criticizing Romney's opponents, though by law their efforts can not be coordinated with the campaign.
"We are very pleased with the continued support we have received from Americans across the country who want to see real change in Washington," the campaign finance chair, Spencer Zwick, said in a statement. "We have exceeded our fundraising goals and are on track with spending plans. We are the only campaign who has the organization and resources to go the distance of a long primary process."
He added, "We know there is a long road ahead and we will remain steady."