|
|
|
|
Cartica Acquisition Corp (CITE) |
|
Price: $11.8500
$0.00 
0.000%
|
| Day's High:
| $11.85
| Week Perf:
| 0.00
|
| Day's Low: |
$ 11.85 |
30 Day Perf: |
1.28 % |
| Volume (M): |
0 |
52 Wk High: |
$ 11.85 |
| Volume (M$): |
$ 5 |
52 Wk Avg: |
$11.50 |
| Open: |
$11.85 |
52 Wk Low: |
$11.13 |
|
|
| Market Capitalization (Millions $) |
101 |
| Shares
Outstanding (Millions) |
9 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
- |
| Net Income (TTM) (Millions $) |
-11 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
0 |
Cartica Acquisition Corp
Cartica Acquisition Corp is a special purpose acquisition company (SPAC) formed with the purpose of merging or acquiring one or more businesses within a specified timeframe. The company raises capital through its initial public offering (IPO) and uses these funds to identify potential target companies that align with its investment criteria. Cartica Acquisition Corp aims to bring value to its shareholders by combining with an attractive business and unlocking growth opportunities in various industries.
Company Address: c/o Ellenoff Grossman & Schole LLP New York 10105 NY
Company Phone Number: 367-3003 Stock Exchange / Ticker: 0 CITE
|
|
|
|
|
|
|
| Stock Performances by Major Competitors |
|
|
|
| Cartica Acquisition Corp
Analyzing Cartica Acquisition Corp: Recent Performance and Market TrendsOver the past week, shares of Cartica Acquisition Corp have seen a slight uptick, climbing by 0.26%. This minor increase has contributed to a notable growth of 1.05% in the share price during the fourth quarter of 2024. Investors are observing these trends closely, especially since the shares are now within 5.7% of reaching their 52-week high. This information indicates a market sentiment that is cautiously optimistic about Cartica's future potential, yet underlying financial performance raises critical questions.In the context of the Blank Checks industry?the sector in which Cartica operates as a Special Purpose Acquisition Company (SPAC)?analysts are fixating on the firm's financial performance for the third quarter of 2024. A report has documented an operating shortfall of $1.093388 million for this period, a significant figure given that there has been no revenue reported for the quarter ending September 30, 2024. This lack of revenue highlights an ongoing challenge for Cartica, which has yet to articulate a clear path to profitability.
|
| Cartica Acquisition Corp
Cartica Acquisition Corp, a leading player in the blank checks industry, has recently released its first quarter earnings for 2024. The financial reports indicate an operating shortfall of $-2.408551 million, an alarming figure that raises concerns among industry contributors. It is worth noting that the company has yet to generate any revenue during this period, which further exacerbates worries about its financial stability.
Comparatively, in the first quarter of 2023, Cartica Acquisition Corp faced a significantly lower operating shortfall of $-0.49519 million. This difference in figures highlights the growing challenges faced by the company in establishing a successful business model. With a net loss of $2.064 million for the fiscal period ending March 31, 2024, it is evident that investors have a few pressing concerns.
|
| Cartica Acquisition Corp
Trailing the bellwethers in the Blank Checks sector, a number of smaller entities are impending with their results. Cartica Acquisition Corp, a prominent player in the industry, recently announced its operating deficit for the fourth quarter of 2023, which stood at $-0.628428 million. While these numbers may seem grim, the markets are hopeful for additional revenue sources to come as early as possible.
However, it is important to note that investors should not solely rely on the organizational and operational excellence of Cartica Acquisition Corp (CITE). The company reported a GAAP income of $0.527 million, indicating a decline of -85 basis points compared to the corresponding period a year ago. These numbers highlight the challenges the company is currently facing.
|
| Cartica Acquisition Corp
Over the past week, Cartica Acquisition Corp stock has shown an upward trend, with a 0.65% increase. This achievement adds to the overall year-to-date performance of 4.63%. Additionally, the stock is currently trading 2.6% above its 52-week average on the NASDAQ. These positive financial indicators indicate a promising outlook for Cartica Acquisition Corp.
Operating Deficit Improvement:
During the earnings cycle from July to September 2023, numerous businesses, including entities in the Blank Checks industry, have released their financial results. Cartica Acquisition Corp joined the group and announced a significant improvement in its operating deficit. With an operating deficit of $-0.261062 million, the company has demonstrated an impressive reduction from the third quarter of 2022, which reported a deficit of $-0.437753 million. This unexpected positive surprise instills confidence in market participants regarding Cartica Acquisition Corp.
|
| Cartica Acquisition Corp
According to recent reports, shareholders of Cartica Acquisition Corp. did not expect any adjustments in the business during the fiscal April to June 2023 earnings cycle. However, they were aware of the operating deficit of CITEsn during the same period, which stood at $-0.655107 million.
To gain a better understanding of the company's progress in the latest fiscal period, it is essential to compare these figures with previous quarters. In the second quarter of 2022, the operating deficit was $-0.403537 million. Interestingly, despite CITE's efforts to establish revenue sources, the company not only managed to display a surplus of $3.021 million in the second quarter of the 2023 earnings season but also outperformed the figures from the second quarter of 2022.
|
| Per Share |
Current |
| Earnings (TTM) |
-0.87 $ |
| Revenues (TTM) |
-
|
| Cash Flow (TTM) |
- |
| Cash |
0 $
|
| Book Value |
-
|
| Dividend (TTM) |
0 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
-0.87 $
|
| Revenues (TTM) |
- |
| Cash Flow (TTM) |
- |
| Cash |
0 $
|
| Book Value |
- |
| Dividend (TTM) |
0 $ |
|
|
|
|
CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research.
Copyright © 2025 CSIMarket, Inc. All rights
reserved.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
