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Black Spade Acquisition Co  (NYSEAMER: BSAQ)
Other Ticker:  
 
    Sector • Financial    Industry • Blank Checks
   Industry • Blank Checks
   Sector • Financial
 
Price: $10.4500 $-8.05 -43.514%
Day's High: $11.76 Week Perf:
Day's Low: $ 9.11 30 Day Perf:
Volume (M): 482 52 Wk High: $ 0.00
Volume (M$): $ 5,039 52 Wk Avg: $0.00
Open: $11.10 52 Wk Low: $0.00



 Market Capitalization (Millions $) 177
 Shares Outstanding (Millions) 17
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 4
 Cash Flow (TTM) (Millions $) 2
 Capital Exp. (TTM) (Millions $) 0

Black Spade Acquisition Co
Black Spade Acquisition Co. is a private equity firm that specializes in acquiring and investing in distressed companies across various industries. The company seeks to identify undervalued assets that show potential for growth and profitability. They typically act as a strategic partner and work closely with the management teams of their portfolio companies to implement turnaround strategies and enhance operational performance. Black Spade Acquisition Co. aims to generate significant returns by purchasing distressed assets at a low valuation and successfully transforming them into profitable enterprises.


   Company Address: Suite 2902, 29/F, The Centrium Central 0
   Company Phone Number: 3955 1316   Stock Exchange / Ticker: NYSEAMER BSAQ


   

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Black Spade Acquisition Co

Black Spade Acquisition Co Faces Steep Financial Setback with Soaring Operating Loss in Q2 2023



In the Blank Checks industry, where bellwethers often set the pace for investors, there are lesser-known businesses that deserve attention as well. Recently, Black Spade Acquisition Co (BSAQ), an emerging firm, disclosed its operating loss figures for the second quarter of 2023. With concerns mounting, stakeholders closely examine the financial status and potential of this company.
For the second quarter of 2023, BSAQ reported an operating loss of $-1.13234 million. Comparatively, in the same period of the previous year (Q2 2022), the operating loss stood at $-0.248157 million. This drastic increase indicates a significant downfall in the company's financial performance.
Analysts are now looking closely at BSAQ's ability to sustain its current business model and whether it has enough reserves to tackle these ongoing challenges. The latest earnings season's shortfall of $1.359 million has raised concerns among stakeholders who are eagerly awaiting the next financial results, due to be announced on August 21, 2023.
Black Spade Acquisition Co

Black Spade Acquisition Co. Makes Remarkable Strides: Operating Deficit Slashes to Just $-0.498 Million in Q1 2023!

Investors in the stock market are always looking for positive news and updates from the companies they have invested in. The recent reporting season at the Black Spade Acquisition Co. (BSAQ) provided some encouraging news, especially regarding their operating deficit.
Shareholders did not expect any adjustments to the revenue but were pleased to see the company's operating deficit improve from $-2.289869 million in the first quarter of 2022 to $-0.498539 million in the same period this year. This improvement is a positive indicator of the Black Spade Acquisition Co's operational efficiency and future growth potential.









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