Financial Snapshot

Revenue
$0.00
TTM
Gross Margin
Net Earnings
$281.0K
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
2.33%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
$4.145M
Q2 2024
Book Value
$21.69M
Q2 2024
Cash
Q2 2024
P/E
277.5
Nov 12, 2024 EST
Free Cash Flow

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021
Revenue $0.00 $0.00 $0.00
YoY Change

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021
Revenue $0.00 $0.00 $0.00
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021
Selling, General & Admin $1.993M $1.472M $191.0K
YoY Change 35.36% 671.02%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.993M $1.472M $191.0K
YoY Change 35.36% 671.02%
Operating Profit -$1.993M -$1.472M
YoY Change 35.36%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021
Interest Expense $4.488M $2.583M -$448.6K
YoY Change 73.75% -675.84%
% of Operating Profit
Other Income/Expense, Net $4.488M $2.583M
YoY Change 73.75%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021
Pretax Income $2.495M $1.111M -$639.6K
YoY Change 124.64% -273.66%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $2.495M $1.111M -$639.6K
YoY Change 124.64% -273.66%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.19 $0.05 -$92.30K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021
Cash & Short-Term Investments $40.00 $244.2K $1.012M
YoY Change -99.98% -75.87%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $37.39K $314.5K $367.5K
YoY Change -88.11% -14.43%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $37.43K $558.7K $1.379M
YoY Change -93.3% -59.5%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $51.20M $178.5M $176.0M
YoY Change -71.32% 1.47%
Other Assets $0.00 $302.1K
YoY Change -100.0%
Total Long-Term Assets $51.20M $178.5M $176.3M
YoY Change -71.32% 1.29%
Total Assets $51.24M $179.1M $177.6M
YoY Change
Accounts Payable $1.435M $522.8K
YoY Change 174.52%
Accrued Expenses $0.00 $212.6K
YoY Change -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $856.6K $41.46K $6.000K
YoY Change 1966.09% 591.0%
Long-Term Debt Due $542.5K $449.8K
YoY Change 20.62%
Total Short-Term Liabilities $2.834M $1.014M $218.6K
YoY Change 179.51% 363.81%
Long-Term Debt $0.00 $0.00 $449.8K
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $449.8K
YoY Change -100.0%
Total Liabilities $2.834M $1.014M $668.4K
YoY Change 179.51% 51.71%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $77.982 Million

About Finnovate Acquisition Corp

Finnovate Acquisition Corp. operates as a blank check company, which engages in effecting a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. The company is headquartered in George Town, Grand Cayman and currently employs 2 full-time employees. The company went IPO on 2021-11-04. The firm is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The firm intends to focus its search on search on companies that provide technological services to the financial services industry. The firm is not engaged in any business operations and has not generated any revenue.

Industry: Blank Checks Peers: