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Fortune Rise Acquisition Corporation  (FRLA)
Other Ticker:  
 
 
Price: $11.2000 $0.00 0.000%
Day's High: $11.2 Week Perf: 0.00
Day's Low: $ 11.20 30 Day Perf: 0.45 %
Volume (M): 0 52 Wk High: $ 12.00
Volume (M$): $ 1 52 Wk Avg: $11.29
Open: $11.20 52 Wk Low: $11.07



 Market Capitalization (Millions $) 35
 Shares Outstanding (Millions) 3
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -2
 Cash Flow (TTM) (Millions $) 0
 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: FRLA


   

Stock Performances by Major Competitors

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Fortune Rise Acquisition Corporation

Analyzing Fortune Rise Acquisition Corporation's Stable Financial Performance in Q1 2024



Fortune Rise Acquisition Corporation (FRAC) recently released its earnings report for the first quarter of 2024. The company's financial performance and stock market trends play a crucial role in determining its growth potential and investment attractiveness. This article aims to delve into FRAC's Q1 earnings, revenue, net shortfall, and stock performance, offering insights and contextualizing the findings.
Earnings Report Highlights:
In the first quarter of 2024, FRAC achieved balanced books, with earnings per share (EPS) standing at $0.00. This figure remained unchanged from the previous year and the preceding reporting season. It is important to note that reaching a balanced financial position indicates stability and demonstrates the company's ability to manage expenses efficiently.
Fortune Rise Acquisition Corporation

FRLA Sees Deterioration in Operating Behavior for Q4 of 2023

Fortune Rise Acquisition Corporation, a company in the Blank Checks sector, has recently reported its earnings for the fourth quarter of 2023. The company recorded an operating deficit of $-0.734702 million for the October to December 31, 2023 quarter, which is a decrease from the $-0.28211 million deficit in the same quarter of 2022. However, one significant concern among investors is the lack of revenue reported by FRLA thus far.
With no revenue stated for the quarter, stakeholders are eager to know when FRLA will start generating income. The absence of revenue raises questions about the company's ability to establish potential sources of income with the capital it currently has. The fourth quarter earnings season revealed a shortfall of $0.229 million, which further adds to these concerns.
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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