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Futuretech Ii Acquisition Corp   (FTIIU)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $11.4200 $0.28 2.513%
Day's High: $11.42 Week Perf: 4.67 %
Day's Low: $ 11.26 30 Day Perf: 6.04 %
Volume (M): 6 52 Wk High: $ 11.42
Volume (M$): $ 69 52 Wk Avg: $10.72
Open: $11.30 52 Wk Low: $9.98



 Market Capitalization (Millions $) 99
 Shares Outstanding (Millions) 9
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 3
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 0

Futuretech Ii Acquisition Corp
Futuretech II Acquisition Corp is a special purpose acquisition company (SPAC) created with the aim of merging with or acquiring a technology-focused company. As a SPAC, Futuretech II Acquisition Corp does not have any operating business of its own but instead raises capital through an initial public offering (IPO) to later acquire an existing company. The specific focus of Futuretech II Acquisition Corp is on technology companies that have the potential for substantial growth and innovation. With the merger or acquisition, the company aims to provide financial and operational support to help the acquired business scale and succeed in the technology industry.


   Company Address: 128 Gail Drive New Rochelle 10805 NY
   Company Phone Number: 316-4805   Stock Exchange / Ticker: NASDAQ FTIIU
   FTIIU is expected to report next financial results on March 30, 2024.


   

Stock Performances by Major Competitors

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Futuretech Ii Acquisition Corp

Futuretech II Acquisition Corp: Record-Breaking Investor Confidence Amidst Challenging Times



Futuretech II Acquisition Corp, a prominent company in the Blank Checks sector, recently experienced a significant decline in its stock value over a five-day trading period. However, it is noteworthy that the company has reached its 52-week high, indicating investor confidence. To gain a deeper understanding of the company's performance and evaluate its future prospects, it is essential to analyze the financial results for the third quarter of 2023.
Operating Shortfall and Revenue Concerns:
During the third quarter of 2023, Futuretech II Acquisition Corp faced an operating shortfall of $-0.329254 million. This figure is noticeably higher than the shortfall of $-0.165711 million reported in the same period last year. These results have raised concerns among industry experts about the company's ability to generate revenue. With no mention of revenue in the financial reporting for the period of July to September 2023, analysts are eager to know if Futuretech II Acquisition Corp will be able to secure a stable revenue stream in the near future.

Futuretech Ii Acquisition Corp

Futuretech Ii Acquisition Corp Faces Titanic Financial Struggle, with Working Costs Soaring in April-June 2023 Interval


As an avid investor and financial analyst, I am always intrigued by the large and small corporations within the Blank Checks sector. It is fascinating to witness their struggles and triumphs, especially when it comes to interpreting their financial results. Today, I focus on FTIIU, a smaller player in this sector, whose recent earnings report has caught my attention.
According to the second-quarter financial results of 2023, FTIIU has realized an operating shortfall of $-0.340441 million, which is quite a decline compared to the same period in 2022, where they had a surplus of $0.221592 million. This decrease might raise concerns among investors, but the real question on everyone's mind is whether FTIIU could start reporting positive revenue.

Futuretech Ii Acquisition Corp

Futuretech II Acquisition Corp Reports Operating Shortfall of $-0.221125 Million in Q1 2023

As the Blank Checks sector continues to make news with reports from major players, lesser-known entities are also publishing their results. One such entity, Futuretech Ii Acquisition Corp (FTIIU), reported an operating shortfall of $-0.221125 million in the first quarter of 2023.
To contextualize this financial span ending in the first quarter of 2023, it's important to note that the operating surplus for the first quarter of 2022 was $0.093313 million. However, the net profit in the most recent quarter appears to be better, as FTIIU has been creative and enhanced net earnings to $0.807 million from $-0.072 million in the first quarter of 2022.






 




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