FRLA · Fortune Rise Acquisition Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $386.7K | $329.1K | $452.3K | - | $393.4K | $535.4K | $424.2K | - | $225.9K | $275.6K |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | ($424.1K) | ($364.8K) | ($487.2K) | - | ($431.4K) | ($557.8K) | ($474.2K) | - | ($8.0K) | ($323.8K) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $77.1K | $20.3K | $0 | - | $16.0K | $0 | $0 | - | $0 | - |
| Net Income | ($96.8K) | ($217.9K) | ($487.2K) | - | $40.4K | ($4.9K) | $356.2K | - | $176.3K | ($182.2K) |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $8.4K | $4.0K | $7.0K | $12.9K | $111.7K | $187.2K | $152.3K | $172.3K | $231.0K | $388.6K |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $29.2K | $22.8K | $41.5K | $119.6K | $304.5K | $399.4K | $247.6K | $201.3K | $268.6K | $484.7K |
| Total Assets | $36.36M | $35.65M | $35.27M | $34.97M | $39.84M | $39.19M | $104.06M | $102.14M | $100.58M | $100.34M |
| Current Liabilities | $7.95M | $7.14M | $6.55M | $5.76M | $4.88M | $4.27M | $2.96M | $1.41M | $155.2K | $96.8K |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $11.37M | $10.57M | $9.97M | $9.18M | $8.30M | $7.69M | $6.48M | $4.92M | $3.58M | $3.52M |
| Stockholders' Equity | ($11.17M) | ($10.48M) | ($9.93M) | ($9.10M) | ($8.05M) | ($7.35M) | ($5.73M) | ($4.33M) | $7.1K | ($2.88M) |
| Retained Earnings | ($11.17M) | ($10.48M) | ($9.93M) | ($9.10M) | ($8.05M) | ($7.35M) | ($5.73M) | ($4.33M) | ($3.13M) | ($2.88M) |
Cash Flow
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($215.9K) | - | - | - | ($850.2K) | - | - | - |
| Investing Cash Flow | - | - | ($380.0K) | - | - | - | $0 | - | - | - |
| Financing Cash Flow | - | - | $590.0K | - | - | - | $1.61M | - | - | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | 28.4% | - | 0.0% | - | 0.0% | - |
| Return on assets | -0.3% | -0.6% | -1.4% | - | 0.1% | -0.0% | 0.3% | - | 0.2% | -0.2% |
| Return on equity | 0.9% | 2.1% | 4.9% | - | -0.5% | 0.1% | -6.2% | - | 2474.2% | 6.3% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.00 | 0.00 | 0.01 | 0.02 | 0.06 | 0.09 | 0.08 | 0.14 | 1.73 | 5.01 |
| Quick ratio | 0.00 | 0.00 | 0.01 | 0.02 | 0.06 | 0.09 | 0.08 | 0.14 | 1.73 | 5.01 |
| Cash ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.04 | 0.05 | 0.12 | 1.49 | 4.01 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -3.25 | -3.40 | -3.55 | -3.84 | -4.95 | -5.33 | -18.15 | -23.58 | 14115.86 | -34.81 |
| Liabilities / Assets | 0.31 | 0.30 | 0.28 | 0.26 | 0.21 | 0.20 | 0.06 | 0.05 | 0.04 | 0.04 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 1.7% | 34.6% | -2.7% | - | -5292.3% | -72.3% | -70.1% | - | - | - |
| Net income growth (YoY) | - | -4322.1% | - | - | -77.1% | 97.3% | - | - | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -38.8% | -42.6% | -73.2% | -110.0% | - | -155.1% | -112.3% | - | - | - |
Peer comparison
Same SIC group: Special Industry Machinery, NEC
Comparing Fortune Rise Acquisition Corp against the 5 most active filers in the same SIC group.