Flame Acquisition Corp   (FLME)
Other Ticker:  
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
Price: $12.1000 $0.10 0.833%
Day's High: $12.23 Week Perf: 13.4 %
Day's Low: $ 11.70 30 Day Perf: 5.22 %
Volume (M): 94 52 Wk High: $ 12.89
Volume (M$): $ 1,141 52 Wk Avg: $10.61
Open: $12.23 52 Wk Low: $10.08

 Market Capitalization (Millions $) 186
 Shares Outstanding (Millions) 15
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -15
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) 0

Flame Acquisition Corp
Flame Acquisition Corp is a special purpose acquisition company (SPAC) formed with the aim of acquiring and merging with another company. It was founded with a specific focus on the technology and software sectors. As a SPAC, its main goal is to raise capital through an initial public offering (IPO) and use that capital to find a suitable target for acquisition. Flame Acquisition Corp's team of experienced professionals and industry experts works diligently to identify and evaluate potential acquisition targets with growth potential in order to create long-term value for its shareholders.

   Company Address: 700 Milam Street, Suite 3300 Houston 77002 TX
   Company Phone Number: 579-6106   Stock Exchange / Ticker: NYSE FLME
   FLME is expected to report next financial results on March 30, 2024.


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Flame Acquisition Corp

Flame Acquisition Corp Faces Operating Shortfall of $-1.14 Million in First Quarter of 2023 Earnings Season, Amidst Concerns in Oil and Gas Production Industry

The Oil and Gas Production Industry is currently buzzing with discussion surrounding the first quarter of 2023 earnings season. Industry contributors are carefully analyzing the operating shortfall of $-1.143238 million, as reported by Flame Acquisition Corp for the January to March 2023 period. Notably, the company has not yet reported any revenue for the same period.
To put this result into perspective, we can compare it to the operating shortfall of the first quarter of 2021, which was reported at $-0.846355 million. Despite the current shortfall, Flame Acquisition Corp's earnings have increased from $-0.670 million in the first quarter of 2021 to $2.036 million in the first quarter of 2023.



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