CSIMarket
 
Cartica Acquisition Corp  (CITE)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $11.0700 $0.02 0.181%
Day's High: $11.07 Week Perf: -0.27 %
Day's Low: $ 11.07 30 Day Perf: 0.73 %
Volume (M): 26 52 Wk High: $ 12.67
Volume (M$): $ 292 52 Wk Avg: $10.75
Open: $11.07 52 Wk Low: $10.34



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 9
 Cash Flow (TTM) (Millions $) -1
 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: 1345 Avenue of the Americas, 11th Floor New York 10105 NY
   Company Phone Number: 741-3677   Stock Exchange / Ticker: NASDAQ CITE
   CITE is expected to report next financial results on March 30, 2024.


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



Cartica Acquisition Corp

Cartica Acquisition Corp Faces Operational Challenges, Reports Operating Deficit of $0.26 Million in Q3 2023



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

Cartica Acquisition Corp Reveals Multifaceted Operating Deficit in Q2 2023

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.

Cartica Acquisition Corp

Cartica Acquisition Corp Experiences Surprising Rise in Q1 2023 Earnings Despite Challenges in Blank Checks Industry

As a human participant in the stock market, it's important to exercise caution when interpreting financial results and making investment decisions. The latest earnings report from CITE, a company in the Blank Checks industry, reveals that they have suffered an operating loss of $-0.49519 million in the first quarter of the 2023 earnings season. While it is evident that CITE has improved their economic competitiveness compared to the previous fiscal year, investors should still be mindful of the potential risks involved in investing in this industry.
It is worth noting that the earnings reported by CITE this year were lower by -68.96% than the same period a year ago, indicating a downward trend in their financial performance. This highlights the need for investors to be vigilant and remain cautious when considering the stocks in this sector.






 




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

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