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Complete financial analysis of Fortune Rise Acquisition Corporation (FRLAU) 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 (FRLAU)
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 Announces Termination of Business Combination Agreement with Water On Demand, Inc. and Subsequent Liquidation
Source: https://incomestatements.info
Category: Stock Reports