Willow Lane Acquisition Corp (WLAC) entered QQ3 2024 with essentially no operating business and no revenue. The period ending September 30, 2024 shows a narrow cost base consisting of administrative expenses of 43,124 USD, yielding an operating loss of 43,124 USD and a net loss of 43,124 USD on 15,024,934 weighted shares (EPS -0.0029). The balance sheet reflects a highly leveraged, negative-equity position: total assets of 51.14k USD against total liabilities of 69.26k USD and stockholders’ equity of -18.12k USD. Current liabilities vastly exceed current assets (current ratio 0.0048), underscoring precarious liquidity for a vehicle designed to pursue a business combination. Cash flow data is largely unavailable, limiting visible operating cash generation; only a modest change in working capital (11,440 USD) and a significant non-cash item (31,684 USD) are reported, with no discernible investing or financing activity disclosed. Management commentary is not included in the provided transcript, and no earnings call transcript was available for extraction. In sum, WLAC remains a high-risk, high-uncertainty vehicle whose near-term value hinges on identifying and closing a credible merger target, as opposed to generating organic operating earnings in QQ3 2024.
Key Performance Indicators
Operating Income
Stable
-43.12K
QoQ: N/A | YoY: N/A
Net Income
Stable
-43.12K
QoQ: N/A | YoY: N/A
EPS
Stable
0.00
QoQ: N/A | YoY: N/A
Revenue Trend
Margin Analysis
Financial Highlights
- Revenue: 0 USD (no reported revenue)
- Operating expenses: 43,124 USD
- EBITDA: -43,124 USD
- Operating income: -43,124 USD
- Net income: -43,124 USD
- EPS (diluted): -0.00290 USD
- Weighted average shares outstanding: 15,024,934
- Total assets: 51,140 USD
- Total liabilities: 69,264 USD
- Shareholders’ equity: -18,124 USD
- Debt (short-term): 51,820 USD
- Current assets: 335 USD; Current liabilities: 69,264 USD (current ratio ~0.0048)
- Net debt: 51,820 USD
- ROA: -0.843%; ROE: 2.38% (note: negative equity distorts traditional equity-based ratios)
- Price/book value: -8,198.89; Price/earnings: -861.45; Enterprise value multiple: -3,447.00
Income Statement
Metric
Value
YoY Change
QoQ Change
Key Financial Ratios
Return on Assets
Weak
-0.84%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
2.38%
Return on equity suggests inefficient capital allocation
Current Ratio
Concern
0.00
Current ratio below safe levels, potential liquidity risk
Debt to Equity
Conservative
-2.86
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
Negative
-861.45x
Negative earnings make P/E ratio not meaningful
Price to Book
Undervalued
-8,198.89x
Trading below book value, potential value opportunity or distressed
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