Cash flow Fortune Rise Acquisition Corporation

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25-02-25	Fortune Rise Acquisition Corporation Announces Principal Executive Officer Officer Changes	CI
25-02-25	Fortune Rise Acquisition Corporation Announces Chief Financial Officer Changes	CI

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Published financial data: FORTUNE RISE ACQUISITION CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)
Selling General & Admin Expenses, Total	106K	959K	2.06M
Other Operating Expenses	39.23K	200K	138K
Other Operating Expenses, Total	146K	1.16M	2.2M
Operating Income	-146K	-1.16M	-2.2M
Interest And Investment Income	1.43K	1.47M	2.34M
Net Interest Expenses	1.43K	1.47M	2.34M
EBT, Excl. Unusual Items	-144K	307K	145K
EBT, Incl. Unusual Items	-144K	307K	145K
Income Tax Expense	-	355K	496K
Earnings From Continuing Operations	-144K	-47.61K	-352K
Net Income to Company	-144K	-47.61K	-352K
Net Income - (IS)	-144K	-47.61K	-352K
Net Income to Common Incl Extra Items	-144K	-47.61K	-352K
Net Income to Common Excl. Extra Items	-144K	-47.61K	-352K
Per Share Items
Net EPS - Basic	-	-0	-0.04
Basic EPS - Continuing Operations	-	-0	-0.04
Basic Weighted Average Shares Outstanding	3.93M	12.88M	8.59M
Net EPS - Diluted	-	-0	-0.04
Diluted EPS - Continuing Operations	-	-0	-0.04
Diluted Weighted Average Shares Outstanding	3.93M	12.88M	8.59M
Normalized Basic EPS	-	0.01	0.01
Normalized Diluted EPS	-	0.01	0.01
Supplemental Items
EBITA	-146K	-1.16M	-2.2M
EBIT	-146K	-1.16M	-2.2M
Effective Tax Rate - (Ratio)	-	115.48	343.32
Current Domestic Taxes	-	271K	580K
Total Current Taxes	-	271K	580K
Deferred Domestic Taxes	-	83.72K	-83.72K
Total Deferred Taxes	-	83.72K	-83.72K
Normalized Net Income	-90.11K	192K	90.34K

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)
Assets
Cash And Equivalents	847K	172K	12.91K
Total Cash And Short Term Investments	847K	172K	12.91K
Prepaid Expenses	188K	29K	107K
Total Current Assets	1.03M	201K	120K
Other Long-Term Assets, Total	99.71M	102M	34.85M
Total Assets	101M	102M	34.97M
Liabilities
Accounts Payable, Total	8.2K	156K	293K
Accrued Expenses, Total	35.96K	200K	704K
Short-term Borrowings	-	784K	4.77M
Current Income Taxes Payable	-	271K	-
Total Current Liabilities	44.16K	1.41M	5.76M
Deferred Tax Liability Non Current	-	83.72K	-
Other Non Current Liabilities	103M	105M	38.3M
Total Liabilities	103M	106M	44.07M
Common Stock, Total	310	310	310
Retained Earnings	-2.43M	-4.33M	-9.1M
Total Common Equity	-2.43M	-4.33M	-9.1M
Total Equity	-2.43M	-4.33M	-9.1M
Total Liabilities And Equity	101M	102M	34.97M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	12.88M	12.88M	6.27M
ECS Total Common Shares Outstanding	12.88M	12.88M	6.27M
Book Value / Share	-0.19	-0.34	-1.45
Tangible Book Value	-2.43M	-4.33M	-9.1M
Tangible Book Value Per Share	-0.19	-0.34	-1.45
Total Debt	0	784K	4.77M
Net Debt	-847K	611K	4.75M
Account Code - Inventory Valuation	3	3	3
Part Time Employees	3	1	1

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)
Net Income	-144K	-47.61K	-352K
Other Operating Activities, Total	-1.43K	-1.38M	-2.43M
Change In Accounts Payable	8.95K	148K	137K
Change In Income Taxes	-	271K	-271K
Change in Other Net Operating Assets	-165K	322K	-275K
Cash from Operations	-302K	-689K	-3.19M
Other Investing Activities, Total	-109M	-770K	69.43M
Cash from Investing	-109M	-770K	69.43M
Short Term Debt Issued, Total	235K	734K	3.98M
Total Debt Issued	256K	734K	3.98M
Short Term Debt Repaid, Total	-235K	-	-
Total Debt Repaid	-256K	-	-
Issuance of Common Stock	113M	-	-
Repurchase of Common Stock	-27.27K	-	-70.39M
Other Financing Activities, Total	-2.62M	50K	-
Cash from Financing	110M	784K	-66.41M
Net Change in Cash	924K	-675K	-159K
Supplemental Items
Cash Income Tax Paid (Refund)	-	-	865K
Levered Free Cash Flow	-	16.98K	-1.08M
Unlevered Free Cash Flow	-	16.98K	-1.08M
Change In Net Working Capital	-	-741K	-292K
Net Debt Issued / Repaid	0	734K	3.98M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)
Profitability
Return on Assets	-	-0.71	-2
Return on Total Capital	-	24.24	34.88
Return On Equity %	-	1.41	5.24
Return on Common Equity	-	1.41	5.24
Short Term Liquidity
Current Ratio	23.43	0.14	0.02
Quick Ratio	19.18	0.12	0
Operating Cash Flow to Current Liabilities	-6.84	-0.49	-0.55
Long Term Solvency
Total Debt/Equity	-	-18.09	-52.4
Total Debt / Total Capital	-	-22.09	-110.08
Total Liabilities / Total Assets	102.41	104.24	126.01
Growth Over Prior Year
EBITA, 1 Yr. Growth %	-	696.12	89.62
EBIT, 1 Yr. Growth %	-	696.12	89.62
Earnings From Cont. Operations, 1 Yr. Growth %	-	-66.98	638.74
Net Income, 1 Yr. Growth %	-	-66.98	638.74
Normalized Net Income, 1 Yr. Growth %	-	-313.25	-52.99
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	1.01K
Total Assets, 1 Yr. Growth %	-	1.39	-65.76
Tangible Book Value, 1 Yr. Growth %	-	78.3	110
Common Equity, 1 Yr. Growth %	-	78.3	110
Cash From Operations, 1 Yr. Growth %	-	128.19	362.49
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-6.47K
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-6.47K
Compound Annual Growth Rate Over Two Years
EBITA, 2 Yr. CAGR %	-	-	288.54
EBIT, 2 Yr. CAGR %	-	-	288.54
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	56.18
Net Income, 2 Yr. CAGR %	-	-	56.18
Normalized Net Income, 2 Yr. CAGR %	-	-	0.13
Total Assets, 2 Yr. CAGR %	-	-	-41.08
Tangible Book Value, 2 Yr. CAGR %	-	-	93.5
Common Equity, 2 Yr. CAGR %	-	-	93.5
Cash From Operations, 2 Yr. CAGR %	-	-	224.86