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Digital World Acquisition Corp   (DWAC)
Other Ticker:  
 
 
Price: $38.9800 $-2.10 -5.112%
Day's High: $40.8 Week Perf: -0.28 %
Day's Low: $ 38.80 30 Day Perf: -10.49 %
Volume (M): 773 52 Wk High: $ 58.72
Volume (M$): $ 30,116 52 Wk Avg: $19.57
Open: $40.66 52 Wk Low: $12.40



 Market Capitalization (Millions $) 1,169
 Shares Outstanding (Millions) 30
 Employees -
 Revenues (TTM) (Millions $) 0
 Net Income (TTM) (Millions $) -29
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) 0

Digital World Acquisition Corp
Digital World Acquisition Corp is a special purpose acquisition company (SPAC) focused on merging with a technology or media-focused target company. It was founded by David Velazquez, a technology entrepreneur and investor. The company aims to identify and acquire a business that has the potential for growth and innovation in the digital world. As a SPAC, Digital World Acquisition Corp raises funds from public investors through an initial public offering to finance the acquisition of a target company within a specific timeframe.


   Company Address: 3109 Grand Ave #450 Miami 33133 FL
   Company Phone Number: 735-1517   Stock Exchange / Ticker: 0 DWAC
   DWAC is expected to report next financial results on April 24, 2024.


   

Stock Performances by Major Competitors

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Phi Group Inc

Phi Group Inc Faces Financial Challenges: Q4 2023 Report Reveals Declining Revenue and Net Shortfall



Phi Group Inc, an Internet Services and Social Media company, has recently released its financial report for the October to December 31, 2023 period. The results are nothing short of abysmal, indicating a significant decline in revenue and net shortfall compared to the previous year. Moreover, the substantial stock price drop in March 2024 and the stock's continuous decline over the past year are alarming signs of an underlying issue. This article aims to delve into the reasons behind Phi Group Inc's dismal performance and provide insight into the bearish outlook for the company.
1. Declining Revenue and Net Shortfall:
Phi Group Inc revealed only $0.005 million in revenue for the October to December 31, 2023 span. This figure signifies a worrisome decline compared to previous periods, creating doubts about the company's ability to generate consistent income. Adding to this concern is the substantial net shortfall of $-1.712 million, which is significantly larger than the $-0.617 million reported a year ago. This indicates that Phi Group Inc is struggling to effectively manage its financial resources, leading to significant losses.

Gan Limited

Gan Limited Faces Challenges as Fourth Quarter 2023 Earnings Show Decrease in Revenue

Gan Limited, a leading North American B2B technology provider and International B2C operator in the gaming industry, has reported its unaudited financial results for the quarter and year ended December 31, 2023. The results show a decrease in revenue compared to the previous year, but also highlights the company's efforts to reduce its deficit per share and its growth potential under new leadership.
In the financial interval ending December 31, 2023, Gan Limited reported a loss of $0.21 per share, an improvement from $3.45 loss per share in the previous year. However, there was a slight increase in deficit from $0.18 per share in the prior reporting season. The company's revenue also declined by 16.867% to $30.72 million from $36.95 million in the comparable reporting season a year ago, but sequentially it saw a 3.012% surge from $29.82 million.

System1 Inc

System1 Inc Faces Financial Challenges in Fourth Quarter of 2023

System1 Inc, an omnichannel customer acquisition marketing platform, recently released its financial report for the fourth quarter of 2023. The company experienced a significant decrease in its returns, with a loss of $0.31 per share compared to a gain of $0.92 per share in the previous year. This decline follows a loss of $1.40 per share in the prior financial reporting period. Likewise, the company's net loss for the period from October to December 2023 amounted to $34.955 million, contrasting with net proceeds of $97.676 million in the same period the year before.
Operating earnings also took a hit, falling by 92.26% to $8.773 million, resulting in a considerable decrease in System1 Inc's operating margin from 94.54% in the fourth quarter of 2022 to -934.29%. The company's accounts receivable declined to $56.1 million, which some analysts attribute to slowing demand.

Rackspace Technology Inc

Rackspace Technology Inc. Takes Bold Steps to Strengthen Financial Position Amid Revenue Decline



In a recent update, Rackspace Technology, a leading end-to-end hybrid, multicloud, and AI solutions company, has made significant announcements regarding offers to eligible holders for the exchange and funding of its existing senior secured notes. These strategic moves aim to enhance the company's financial position and support its growth objectives, assuring investors of a sound future despite some recent turbulent financial results.
Financial Performance:
Despite a decline in revenue during the fiscal fourth quarter of 2023, Rackspace Technology managed to achieve a remarkable turnaround by posting an impressive earnings per share (EPS) of $0.13, as opposed to a previous $-1.00 deficit. In comparison to the same quarter the previous year, revenue deteriorated by 8.513% to $720.00 million from $787.00 million. It is important to note that this drop in top-line revenue is in contrast to the rest of the Internet Services and Social Media industry, which witnessed a revenue rise during the same period.

Baidu Inc

Baidu Inc. Surpasses Expectations with Strong Fourth Quarter Performance

The financial results for the October to December 31, 2023 period for Baidu Inc showcase a strong performance with a significant increase in both revenue and net earnings. The company reported a revenue growth of 5.728% to $18.96 billion compared to $17.93 billion in the same quarter a year ago. Additionally, the bottom-line saw a remarkable increase of 178.02% to $3,036.000 million from $1,092.000 million in the previous year.
Moreover, Baidu Inc highlighted the improvement in profit margins, with the net margin rising to 16.01% and the operating margin edging up to 16.24%. Although the operating earnings improved by 33.42% to $3,078 million, the top-line rise was slightly below the industry average at 15.44%.






 

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