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Alphatime Acquisition Corp  (NASDAQ: ATMCU)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $11.6300 $0.07 0.606%
Day's High: $12.09 Week Perf: 1.13 %
Day's Low: $ 11.63 30 Day Perf: 3.01 %
Volume (M): 3 52 Wk High: $ 13.85
Volume (M$): $ 31 52 Wk Avg: $11.45
Open: $11.79 52 Wk Low: $11.06



 Market Capitalization (Millions $) 55
 Shares Outstanding (Millions) 5
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 1
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Alphatime Acquisition Corp
Alphatime Acquisition Corp is a special purpose acquisition company (SPAC) that was formed for the purpose of acquiring one or more businesses or assets. The company raised funds through an initial public offering (IPO) in order to finance its future acquisition. Alphatime Acquisition Corp is focused on identifying and acquiring companies that operate in a specific industry or sector. Once the acquisition is completed, the target company will become a subsidiary of Alphatime Acquisition Corp and will benefit from its financial support and expertise. The ultimate goal of the SPAC is to create value for its shareholders through strategic acquisitions and growth opportunities.


   Company Address: 500 5th Avenue New York 10110 NY
   Company Phone Number: 627-0058   Stock Exchange / Ticker: NASDAQ ATMCU


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
EQR   -0.36%    
STQN   -0.36%    
• View Complete Report
   



Alphatime Acquisition Corp

Alphatime Acquisition Corp Delivers Strong Operating Profit of $0.344903 Million in Fiscal Year Ending March 31, 2024

The recent financial results reported by Alphatime Acquisition Corp raise concerns and suggest a bearish outlook for the company and the overall Blank Checks sector.
Firstly, it is worth noting that the operating profit for the first quarter of 2024 amounted to $0.344903 million, representing an increase compared to the same period in 2023. However, this increase is relatively modest and may not be sufficient to support the growth and expansion plans of the company. As small businesses like Alphatime Acquisition Corp aim to establish a solid business strategy, it is crucial for them to operate efficiently in order to progress to the next phase. The fact that the reported operating profit is still quite low raises doubts about the company's ability to achieve its strategic objectives.










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