# Key Profitability and Liquidity Metrics (QQ2 2026 vs QQ1 2026)
- Revenue: None reported in QQ2 2026 (no operating revenue indicated).
- Operating expenses: General and Administrative Expenses and Selling/General/Admin combined at $331,247 in QQ2 2026, contributing to an operating loss of $(331,247).
- EBITDA: $(331,247) in QQ2 2026; reflects absence of revenue and cost structure aligned to SPAC-level operating activities.
- Operating income: $(331,247) in QQ2 2026.
- Other income/expense: Net other income $(638,657) contributing to pretax income of $307,410.
- Income before tax: $307,410 in QQ2 2026; tax expense not reported in the period.
- Net income: $307,410 in QQ2 2026; EPS $0.03; weighted average shares outstanding 6,081,522.
- YoY/QoQ trend: QQ1 2026 showed a net loss of $(19,553) and EPS of $(0.01) on similar share count, indicating a substantial QoQ swing to profitability driven by the large non-operating income line in QQ2. The improvement highlights the dependence on non-operating items in this SPAC structure rather than core operating revenue.
- Cash flow (operating): $(420,429) provided by/used in operating activities in QQ2 2026. Investing activities: $(86,250,000) in purchases of investments. Financing activities: $86,423,063, yielding a net cash decrease of $(247,366) for the quarter.
- Balance sheet basics: Cash and cash equivalents $252,240; long-term investments $86,885,672; total assets $87,312,564. Liabilities total $83,976 with stockholders’ equity of $342,916, resulting in net cash position of $(252,240).