EPS of $-0.02 increased by 51.4% from previous year
Net income of -170.30K
"N/A" - N/A
IMAQU QQ2 2025 Results Summary and Investment Analysis – International Media Acquisition Corp (IMAQU) (OTC) – Shell Company in Financial Services
Executive Summary
International Media Acquisition Corp (IMAQU) continues to operate as a shell company in the Financial Services sector, specifically in the Shell Companies industry, with no material revenue in QQ2 2025. The quarter shows a negative EBITDA and net income, driven by operating expenses and limited (or no) operating activity, and a cash outflow from operations despite a financing inflow. The balance sheet is characterized by negative stockholders’ equity and a modest cash runway, underscoring the high-risk, transaction-driven nature of the business model.
A pivotal dynamic for IMAQU remains its ability to consummate a business combination in the media and entertainment space. Absent a completed merger or asset transaction, the company carries substantial execution risk, dilution risk, and liquidity constraints. While the QQ2 2025 metrics reveal meaningful losses and a fragile cash position, the shell structure preserves optionality for investors should a high-quality target be announced and successfully integrate with IMAQU. Investors should monitor progress toward a target pipeline, any regulatory filings related to a pending transaction, and updates on the anticipated closing timeline.
Key Performance Indicators
Operating Income
-202.96K
QoQ: 25.08% | YoY:66.44%
Net Income
-170.30K
QoQ: -9.97% | YoY:56.80%
EPS
-0.02
QoQ: -9.71% | YoY:51.40%
Revenue Trend
Margin Analysis
Key Insights
Revenue: N/A (no reported revenue in QQ2 2025 quarters provided)
Operating Expenses: 202,957 USD
EBITDA: -202,957 USD
Operating Income: -202,957 USD
Total Other Income/Expenses, Net: 60,459 USD
Financial Highlights
Overview of core QQ2 2025 financials and qualitative signals:
- Revenue: N/A (no reported revenue in QQ2 2025 quarters provided)
- Operating Expenses: 202,957 USD
- EBITDA: -202,957 USD
- Operating Income: -202,957 USD
- Total Other Income/Expenses, Net: 60,459 USD
- Income Before Tax: -142,498 USD
- Income Tax Expense: 27,805 USD
- Net Income: -170,303 USD
- EPS (diluted): -0.0226 USD
- Weighted Average Shares Outstanding: 7,522,430
- Free Cash Flow: -109,142 USD
- Cash Flow from Operations (net): -109,142 USD
- Net Cash Used for Investing Activities: -60,000 USD
- Net Cash Provided by Financing Activities: 168,895 USD
- Net Change in Cash: -247 USD
- Cash at Beginning of Period: 247 USD
- Cash Position at End of Period: 0 USD (inferred from opening cash and net change)
- Balance Sheet Snapshot: Total Assets 11,849,083; Total Liabilities 15,239,879; Total Stockholders’ Equity -3,390,796
- Liquidity Metrics: Current ratio 0.00677, Quick ratio 0.00677 (extremely tight liquidity)
- Leverage: Total Debt 4,186,927; Net Debt 4,186,927; Debt to Assets 0.353; Debt to Capitalization 5.26%
- Book Value per Share (implied): negative given negative equity; Price-to-Book ratio: -24.09
Income Statement
Metric
Value
YoY Change
QoQ Change
Operating Income
-202.96K
66.44%
25.08%
Net Income
-170.30K
56.80%
-9.97%
EPS
-0.02
51.40%
-9.71%
Key Financial Ratios
currentRatio
0.01
returnOnAssets
-1.44%
returnOnEquity
5.02%
debtEquityRatio
-1.24
operatingCashFlowPerShare
$-0.01
freeCashFlowPerShare
$-0.01
priceToBookRatio
-24.09
priceEarningsRatio
-119.92
Net Income vs. Revenue
Expense Breakdown
Management Commentary
Management commentary or earnings-call transcript is not provided in the data set. Consequently, a themes-based synthesis of strategy, operations, or market conditions based on quotes is not available. The analysis below relies on the QQ2 2025 financial results and the four-quarter data published, with explicit note where management commentary would normally be cited.
N/A
— N/A
N/A
— N/A
Forward Guidance
No explicit forward guidance is provided in the data. Given IMAQU’s status as a shell seeking a business combination in the media/entertainment sector, guidance is typically transaction-driven (e.g., expected closing timeline, target characteristics, financing plans, and potential share dilution). Absent a disclosed target or an updated plan, the outlook remains highly contingent on consummating a qualifying merger. Investors should watch for: (1) announcements of a target and transaction structure, (2) regulatory filings and investor presentations related to the merger, (3) any anticipated capital requirements or additional financing, and (4) potential dilution scenarios tied to the transaction.
Competitive Position
Company
Gross Margin
Operating Margin
Return on Equity
P/E Ratio
IMAQU Focus
0.00%
0.00%
5.02%
-119.92%
Gross Profit Margin
Operating Profit Margin
Return on Equity
P/E Ratio Comparison
Investment Outlook
IMAQU is a high-risk, high-uncertainty investment rooted in its shell status and the pending business-combination thesis. The QQ2 2025 results reveal negative profitability, meaningful cash burn, and a fragile balance sheet, with no revenue reported in the period. The only viable path to meaningful value creation lies in completing a strategic merger with a media/entertainment target that justifies the valuation and unlocks synergies. Absent such a transaction, the company faces structural risk of continued loss realization, further dilution, and potential value erosion. Investors should adopt a transaction-driven lens: monitor any target announcements, the anticipated closing timeline, execution risk, and dilution projections. If a high-quality, strategically fit target is announced and the deal closes within a reasonable horizon, there could be substantial upside; otherwise, the investment remains highly speculative with a high probability of diminished or zero returns.
Key Investment Factors
Growth Potential
Low near-term growth given negligible current operations; potential upside exists if a high-quality media/entertainment target is identified and closing occurs, which could unlock substantial latent value from the combination and potential upside in valuation multiples post-transaction. Growth potential is highly contingent on successful deal execution and post-merger integration.
Profitability Risk
Very high risk: (a) no current revenue or operating earnings, (b) negative stockholders’ equity and limited liquidity, (c) reliance on securing a timely and accretive business combination, (d) potential significant dilution upon equity financings to fund the transaction, (e) regulatory and market risks inherent to SPAC-like structures, (f) sector-specific risks in media/entertainment M&A, including integration risk and target valuation uncertainty.
Financial Position
Weak near term liquidity and solvency indicators: cash burn with CFO -109,142 USD, net cash outflow for investing activities -60,000 USD, and a financing inflow of 168,895 USD; total assets 11,849,083 USD against liabilities of 15,239,879 USD and negative shareholders’ equity of -3,390,796 USD. The balance sheet implies a fragile liquidity runway absent an executable transaction and additional financing.
SWOT Analysis
Strengths
Strategic optionality as a listed shell with access to capital markets, enabling potential rapid value realization upon a successful media/entertainment acquisition.
Clear focus on the media and entertainment sector, which could attract a well-aligned target and investor interest if a compelling opportunity emerges.
Weaknesses
No reported revenue or operating income in QQ2 2025; persistent negative earnings (Net Income -170,303 USD) and negative EBITDA (-202,957 USD).
Reliance on future financing to fund a business combination; potential dilution risk for existing shareholders.
Opportunities
If a strategic, accretive target is announced and closes, the combined entity could realize synergies in media/distribution, scale, and potential revenue diversity.
Over time, successful de-SPAC transaction could unlock liquidity and access to equity markets beyond the OTC platform.
Threats
Failure to identify and close a transaction within planned timelines could erode investor confidence and erode remaining value.
Valuation risk and execution risk in the media/entertainment M&A landscape, including potential mispricing of the target and integration challenges.
Regulatory scrutiny and ongoing disclosure requirements could constrain timing and financing options.
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