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Bite Acquisition Corp   (BITE)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $10.7100 $0.00 0.000%
Day's High: $10.71 Week Perf: 0.01 %
Day's Low: $ 10.70 30 Day Perf: -0.19 %
Volume (M): 41 52 Wk High: $ 11.35
Volume (M$): $ 437 52 Wk Avg: $10.50
Open: $10.71 52 Wk Low: $10.17



 Market Capitalization (Millions $) 60
 Shares Outstanding (Millions) 6
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -1
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Bite Acquisition Corp
Bite Acquisition Corp is a special purpose acquisition company (SPAC) focused on acquiring and merging with emerging businesses in the food, beverage, and restaurant sectors. The company was formed to identify attractive investment opportunities and help these businesses go public through a merger with their own publicly traded entity. Bite Acquisition Corp intends to leverage its industry experience and network to find high-growth potential companies that can benefit from its resources and strategic guidance.


   Company Address: 720 N. State Street Chicago 60654 IL
   Company Phone Number: 685-5236   Stock Exchange / Ticker: NYSEAMER BITE
   BITE is expected to report next financial results on March 30, 2024.


   

Stock Performances by Major Competitors

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Bite Acquisition Corp

Bite Acquisition Corp's Fourth Quarter Earnings Show Promise Amidst Market Uncertainty

Bite Acquisition Corp is a company within the Blank Checks sector that has recently reported its fourth-quarter earnings for 2023. The company posted an operating loss of $-0.401504 million for the period from October to December 31, 2023. While the lack of revenue mentioned is concerning, the decrease in operating loss compared to the same period the year before is a positive sign for the company.
Analysts have expressed confidence in Bite Acquisition Corp following this recent report, as the improvement in operating loss indicates progress for the company. However, it is important to note that the income for the quarter was at $0.229 million, a decrease of -59.51% compared to the same period in the previous year.

Bite Acquisition Corp

Bite Acquisition Corp Posts Remarkable Operating Loss of $-0.494 Million in Q3 2023

Bite Acquisition Corp, a prominent player in the Blank Checks sector, has caught the attention of sector reporters as they delve into the third-quarter numbers of 2023. Although the company has not disclosed any top-line figures as yet, it has reported an operating loss of $-0.493993 million for the period from July to September 2023. To better understand this performance, it is worthwhile to compare it to the third quarter of 2022 when the company recorded an operating loss of $-0.249261 million.
The lack of net income and decline in bottom-line figures raises concerns about the current direction of the company. With no top-line figures released so far, the only significant criterion to gauge Bite Acquisition Corp's performance is through its net income. Unfortunately, due to several issues, the net income has seen a drastic drop of -85.27 basis points, falling from $0.622 million to $0.092 million compared to the corresponding period the previous year.
This disappointing financial performance has undoubtedly had an impact on Bite Acquisition Corp's market and stock performance. Over the past seven days, the company's shares have dropped by -2.96%, bringing the year-to-date performance to 4.17%. Despite this recent dip, the company's shares are still showing an upward trend, being just 7.7% short of its 52-week high.

Bite Acquisition Corp

Bite Acquisition Corp Reports Operating Loss in Q2 2023, Raising Concerns About Revenue Generation Potential

Bite Acquisition Corp, a company operating in the Blank Checks sector, recently reported its earnings for the April to June 30, 2023 reporting cycle. The company disclosed an operating loss of $-1.197419 million for the period, an improvement from the $-0.312375 million loss reported in the second quarter of 2022. However, the focus for market observers has been on when BITE will start generating revenue.
As an evolving organization, the main concern surrounding BITE is whether the company has sufficient reserves to cultivate potential revenue streams. The company's net deficit of $0.037 million in the April to June 30, 2023 financial period raises concerns among investors. This indicates that the company may not have enough resources to support its operations and generate revenue.

Bite Acquisition Corp

Bite Acquisition Corp Releases Q1 2023 Financial Results as Blank Checks Sector Evaluates Performance

Bite Acquisition Corp is a blank check company that was founded in 2021 with a focus on acquiring, engaging in a merger or share exchange, or purchasing the assets of one or more businesses. Blank check companies, also known as special purpose acquisition companies (SPACs), are entities that are formed for the sole purpose of raising capital through an initial public offering (IPO) with the intention of acquiring an existing company.
According to reports from the first quarter of 2023, Bite Acquisition Corp has reported an operating deficit of $-0.913403 million, however, they have yet to report any revenue for the January to March 31, 2023 quarter. This lack of revenue is not surprising since the emerging growth entity did not report any revenue for the same time-frame in the previous year. In fact, the company reported an operating deficit of $-0.32641 million in the first quarter of 2022.






 




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