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Fortune Rise Acquisition Corporation  (FRLA)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $11.1000 $-0.04 -0.359%
Day's High: $11.1 Week Perf: -0.45 %
Day's Low: $ 11.10 30 Day Perf: 1.37 %
Volume (M): 1 52 Wk High: $ 11.80
Volume (M$): $ 7 52 Wk Avg: $10.85
Open: $11.10 52 Wk Low: $10.50



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

Fortune Rise Acquisition Corporation
Fortune Rise Acquisition Corporation is a special purpose acquisition company (SPAC) formed for the purpose of merging with or acquiring an existing company. It aims to identify and acquire a target business that has strong growth potential and is capable of generating significant value for its shareholders. The company typically raises funds through an initial public offering (IPO) and then utilizes these funds to seek out a suitable merger or acquisition opportunity. Once a target company is selected, Fortune Rise Acquisition Corporation completes the merger or acquisition, allowing the target company to become a publicly traded entity. This allows the target company to access capital markets and potentially accelerate its growth.


   Company Address: 13575 58th Street North Clearwater 33760 FL
   Company Phone Number: 440-4603   Stock Exchange / Ticker: NASDAQ FRLA
   FRLA is expected to report next financial results on April 12, 2024.


   

Stock Performances by Major Competitors

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Fortune Rise Acquisition Corporation

Fortune Rise Acquisition Corporation Reports Significant Decline in Performance for Third Quarter of 2023

In the Blank Checks industry, there are some well-known companies that are considered bellwethers and closely monitored by investors and market observers. However, it is important to also pay attention to the performance of lesser known corporations within the industry to gain a comprehensive understanding of its overall health and prospects. One such company is Fortune Rise Acquisition Corporation (FRLA), which recently reported an operating shortfall of $-0.43138 million for the third quarter of 2023.
While FRLA has not yet disclosed its revenue for the period, it is useful to analyze its corporate performance through the third quarter of 2022 to gain some perspective. During that time, FRLA announced an operating shortfall of $-0.274534 million, indicating a significant decline in performance leading up to the third quarter of 2023.

Fortune Rise Acquisition Corporation

FRLA Incurs Growing Costs in the Second Quarter of 2023, Prompting Analysts to Scrutinize Financial Performance



As the second quarter of 2023 comes to a close, experts in the Blank Checks industry are analyzing the financial performance of companies in the stock market. One company that has caught their attention is the Fortune Rise Acquisition Corporation (FRLA), which recently reported an operating loss of $-0.557838 million. While FRLA has not disclosed any revenue figures, it is crucial to examine their past performance to gain a comprehensive understanding of their current situation.
Analyzing Q2 2022 Results:
To contextualize FRLA's current financial standing, it is important to delve into their performance during the second quarter of 2022. At that time, the corporation revealed an operating loss of $-0.323813 million. These figures indicate a challenging period, but they provide a benchmark for evaluating subsequent improvements or setbacks.

Fortune Rise Acquisition Corporation

Fortune Rise Acquisition Corporation Reveals Q1 2023 Earnings, Achieves Remarkable Revenue of $0.000156 Million!

Fortune Rise Acquisition Corporation (FRLA) recently disclosed their financial results for the fiscal year ending March 31, 2023. As per the statements issued by the company, FRLA has reported a revenue of $0.00015600000000004 million, indicating a decline from the previous year.
However, FRLA's net income for the same period is $0.356 million, compared to a net deficit of $-0.271 million last year. This signifies a notable improvement in the company's financial position and bodes well for its future prospects.






 




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