Quarterly snapshot (QQ4 2024) and notable YoY/QoQ context:
- Revenue: N/A (null) for QQ4 2024; SPAC-like shell with no reported operating revenue in the period.
- Operating income: $(176,441); QoQ change: -131.01%; YoY change: -2,533.45% (reflecting the shift from prior quarters with different operating expense profiles).
- Gross profit: N/A (0 across the period as revenue is nil).
- General and Administrative expenses: $(176,441) in QQ4 2024; aligns with the operating expense base.
- Other income/expenses, net: $1,371,530; a material positive item that dominates pre-tax income for the quarter.
- Income before tax: $1,195,089; Tax expense: $288,021; Net income: $907,068; Net income margin effectively driven by non-operating items rather than core operations.
- EPS (basic): $0.21; Diluted EPS: $0.0576; Weighted-average shares outstanding: 4,249,090 basic and 15,749,090 diluted, signaling meaningful potential dilution.
- Cash flow: Operating cash flow $(375,235); Free cash flow $(375,235) (negative); Net cash provided by/used in financing activities $(147,629); Investing activities supplied $315,000; Net change in cash: $87,394; Ending cash balance: $910,193; Beginning cash balance: $822,799.
- Balance sheet snapshot: Total assets $119.80 million; Total liabilities $0.72 million; Total stockholders’ equity $119.08 million; Cash and cash equivalents $822,799; Long-term investments $118.60 million; Non-current liabilities $117.97 million; Net debt: $(822,799) (net cash).
- Leverage and liquidity indicators: Overall liquidity appears robust on a cash basis, but the structure shows outsized non-current liabilities relative to current liabilities and equity, which may reflect SPAC-specific arrangements and potential future obligations tied to a business combination path.