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Complete financial analysis of Ares Acquisition Corporation (AAC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Ares Acquisition Corporation, a leading company in the Shell Companies industry within the Financial Services sector.
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Ares Acquisition Corporation (AAC)
Industry: Shell Companies
Sector: Financial Services
About Ares Acquisition Corporation
Ares Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 |
| General & Administrative | 7.34M | 6.46M | 15.10 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 |
| SG&A | 7.34M | 6.46M | 15.10 |
| Other Expenses | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 7.34M | 6.46M | 15.10 |
| Cost & Expenses | 7.34M | 6.46M | -15.10 |
| Interest Income | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | -28.33M | -23.99M | 206.30K |
| EBITDA | -35.67M | -30.45M | 0.00 |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% |
| Operating Income | -7.34M | -6.46M | -15.10 |
| Operating Income Ratio | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 28.33M | 22.31M | 0.00 |
| Income Before Tax | 20.98M | 15.85M | -15.10 |
| Income Before Tax Ratio | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | -28.33M | 1.68M | 0.00 |
| Net Income | 49.31M | 15.85M | -15.10 |
| Net Income Ratio | 0.00% | 0.00% | 0.00% |
| EPS | 0.49 | 0.13 | 0.00 |
| EPS Diluted | 0.49 | 0.13 | 0.00 |
| Weighted Avg Shares Out | 100.00M | 125.00M | 25.00K |
| Weighted Avg Shares Out (Dil) | 100.00M | 125.00M | 25.00K |
Why X-Energy Partner Ares Acquisition Stock Popped 9% Today
In December 2022, nuclear reactor company X-Energy announced a plan to go public via a SPAC IPO with Ares Acquisition Corporation. On Tuesday, the companies called off the merger and IPO.
X-energy and Ares Acquisition Corporation Mutually Agree to Terminate Business Combination Agreement
ROCKVILLE, Md. & NEW YORK--(BUSINESS WIRE)--X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced...
U.S. Department of Energy Signs Cooperative Agreement to Further Develop X-energy's Microreactor for Commercial Applications
ROCKVILLE, Md.--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--X-Energy Reactor Company, LLC (“X-energy” or “the Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and the U.S. Department of Energy (the “DOE”) have signed a cooperative...
X-Energy Participates in SPAC Insider Podcast
ROCKVILLE, Md.--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, announced today that Chief Executive Officer of X-energy, J. Clay Sell participated...
X-Energy Announces Participation in IPO Edge Fireside Chat
ROCKVILLE, Md.--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, announced today that Chief Executive Officer of X-energy, J. Clay Sell will...
Ares Acquisition Corporation and X-Energy Reactor Company, LLC Announce Effectiveness of Registration Statement and October 31, 2023 Extraordinary General Meeting to Approve Business Combination
NEW YORK & ROCKVILLE, Md.--(BUSINESS WIRE)--Ares Acquisition Corporation (NYSE: AAC) (“AAC”) announced today that on October 13, 2023, the U.S. Securities and Exchange Commission (the “SEC”) declared effective the Registration Statement on Form S-4, as amended (the “Registration Statement”), AAC...
Department of Defense Expands X-energy Contract for Mobile Microreactor Prototype
ROCKVILLE, Md.--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and the U.S. Department of Defense (“DoD” and “the department”) announced today an agreement to...
Department of Defense Expands X-energy Contract for Mobile Microreactor Prototype
ROCKVILLE, Md.--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and the U.S. Department of Defense (“DoD” or “the department”) announced today an agreement to...
X-energy and Ares Acquisition Corporation Announce Additional Committed Capital and Attractive Strategic Updates to Business Combination
ROCKVILLE, Md. & NEW YORK--(BUSINESS WIRE)--X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced...
Ares Acquisition Corporation Announces Successful Second Extension and Redemption Results
NEW YORK--(BUSINESS WIRE)--Ares Acquisition Corporation (NYSE: “AAC.U”, “AAC”, “AAC WS”) (“AAC” or the “Company”) today announced its shareholders approved a further extension of the period of time that the Company has to consummate its proposed business combination (the “Business Combination”)...
Source: https://incomestatements.info
Category: Stock Reports