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Complete financial analysis of Fortune Rise Acquisition Corporation (FRLA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Fortune Rise Acquisition Corporation, a leading company in the Shell Companies industry within the Financial Services sector.
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Fortune Rise Acquisition Corporation (FRLA)
Industry: Shell Companies
Sector: Financial Services
About Fortune Rise Acquisition Corporation
Fortune Rise Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Metuchen, New Jersey.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 2.06M | 959.46K | 0.00 |
| Gross Profit | -2.06M | -959.46K | 0.00 |
| Gross Profit Ratio | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 959.46K | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 |
| SG&A | 276.10K | 959.46K | 0.00 |
| Other Expenses | -138.05K | 199.76K | -35.96K |
| Operating Expenses | 138.05K | 1.16M | 35.96K |
| Cost & Expenses | 2.20M | 1.16M | 35.96K |
| Interest Income | 0.00 | 1.47M | 1.31K |
| Interest Expense | 0.00 | 0.00 | -1.31K |
| Depreciation & Amortization | 2.34M | 228.49K | 1.31K |
| EBITDA | 144.54K | -1.16M | -132.16K |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% |
| Operating Income | -2.20M | -1.16M | -35.96K |
| Operating Income Ratio | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 2.34M | 1.47M | -96.20K |
| Income Before Tax | 144.55K | 307.46K | -132.16K |
| Income Before Tax Ratio | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 496.25K | 355.07K | -1.31K |
| Net Income | -351.71K | -47.61K | -132.16K |
| Net Income Ratio | 0.00% | 0.00% | 0.00% |
| EPS | -0.04 | 0.00 | -0.01 |
| EPS Diluted | -0.04 | 0.00 | -0.01 |
| Weighted Avg Shares Out | 8.59M | 12.88M | 12.88M |
| Weighted Avg Shares Out (Dil) | 8.59M | 12.88M | 12.88M |
Fortune Rise Acquisition Corporation Receives March Monthly Extension From Sponsor Affiliate to Complete its Initial Business Combination
CLEARWATER, FL / ACCESSWIRE / March 6, 2024 / Fortune Rise Acquisition Corporation (NASDAQ:FRLA) ("FRLA" or the "Company") today announced that Water On Demand Inc., a privately-held subsidiary of OriginClear, Inc. (OTC: Other: OCLN) ("OCLN") and owner of its sponsor,...
Fortune Rise Acquisition Corporation Receives February Monthly Extension From Sponsor Affiliate to Complete its Initial Business Combination
CLEARWATER, FL / ACCESSWIRE / February 6, 2024 / Fortune Rise Acquisition Corporation (Nasdaq:FRLA) ("FRLA" or the "Company") today announced that Water On Demand Inc., a privately-held subsidiary of OriginClear, Inc. (OTC: Other: OCLN) ("OCLN") and owner of its sponsor,...
Fortune Rise Acquisition Corporation Names Director Ryan Spick as Principal Executive Officer and Chief Financial Officer
CLEARWATER, FL / ACCESSWIRE / January 9, 2024 / Fortune Rise Acquisition Corporation (NASDAQ:FRLA) ("FRLA") today announced that Ryan Spick has recently moved from FRLA's Board to the role of Principal Executive Officer and Chief Financial Officer to execute on...
Fortune Rise Acquisition Corporation Receives January Monthly Extension From Sponsor Affiliate to Complete its Initial Business Combination
CLEARWATER, FL / ACCESSWIRE / January 8, 2024 / Fortune Rise Acquisition Corporation (Nasdaq:FRLA) ("FRLA" or the "Company") today announced that Water On Demand Inc., a privately-held subsidiary of OriginClear, Inc. (OTC: Other: OCLN) ("OCLN") and owner of its sponsor,...
Fortune Rise Acquisition Corporation Receives December Monthly Extension from Sponsor Affiliate to Complete Its Initial Business Combination
CLEARWATER, FL / ACCESSWIRE / December 7, 2023 / Fortune Rise Acquisition Corporation (NASDAQ:FRLA) ("FRLA" or the "Company") today announced that Water On Demand Inc., a privately-held subsidiary of OriginClear, Inc. (OTC PINK:OCLN) ("OCLN") and owner of its sponsor, Fortune...
Fortune Rise Acquisition Corporation Receives November Monthly Extension From Sponsor Affiliate to Complete its Initial Business Combination
CLEARWATER, FL / ACCESSWIRE / November 7, 2023 / Fortune Rise Acquisition Corporation (NASDAQ:FRLA) ("FRLA" or the "Company") today announced that Water On Demand Inc., a privately-held subsidiary of OriginClear, Inc. (OTC PINK:OCLN) ("OCLN") and owner of its sponsor, Fortune...
Fortune Rise Acquisition Corporation Announces Sixth One-Month Extension Received from Sponsor Affiliate to Complete Its Initial Business Combination
CLEARWATER, FL / ACCESSWIRE / October 5, 2023 / Fortune Rise Acquisition Corporation (NASDAQ:FRLA) ("FRLA" or the "Company") today announced that Water On Demand Inc., a privately-held subsidiary of OriginClear, Inc. (OTC: Other:OCLN) ("OCLN") and owner of its sponsor, Fortune...
Fortune Rise Acquisition Corporation Announces Fifth One-Month Extension Received From Sponsor Affiliate to Complete its Initial Business Combination
CLEARWATER, FL / ACCESSWIRE / September 6, 2023 / Fortune Rise Acquisition Corporation (NASDAQ:FRLA) ("FRLA" or the "Company") today announced that Water On Demand Inc., a privately-held subsidiary of OriginClear, Inc. (OTC: Other: OCLN) ("OCLN") and owner of its sponsor,...
Fortune Rise Acquisition Corporation Announces Fourth One-Month Extension Received From Sponsor Affiliate to Complete Its Initial Business Combination
CLEARWATER, FL / ACCESSWIRE / August 7, 2023 / Fortune Rise Acquisition Corporation (NASDAQ:FRLA) ("FRLA" or the "Company") today announced that Water On Demand Inc., a privately-held subsidiary of OriginClear, Inc. (OCLN) ("OCLN") and owner of its sponsor, Fortune Rise...
Fortune Rise Acquisition Corporation Announces Hiring of Richard Brand as Principal Executive Officer and Chief Financial Officer and Engagement of Nelson Mullins
CLEARWATER, FL / ACCESSWIRE / July 27, 2023 / Fortune Rise Acquisition Corporation (NASDAQ:FRLA) ("FRLA") today announced that it has recently hired Richard A. Brand as Principal Executive Officer and Chief Financial Officer and has retained Nelson Mullins Riley &...
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