CSIMarket Company Name, Ticker, Customers, else..
 
  (MACA)
Other Ticker:  
 
    Sector • Financial    Industry • Blank Checks
   Industry • Blank Checks
   Sector • Financial
 
Price: $9.4600 $-1.44 -13.211%
Day's High: $12.09 Week Perf: -18.43 %
Day's Low: $ 8.91 30 Day Perf: -16.43 %
Volume (M): 60 52 Wk High: $ 13.56
Volume (M$): $ 563 52 Wk Avg: $11.28
Open: $9.52 52 Wk Low: $8.65



 Market Capitalization (Millions $) 5
 Shares Outstanding (Millions) 1
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) -21
 Capital Exp. (TTM) (Millions $) 0


Moringa Acquisition Corp is a special purpose acquisition company (SPAC) that was established with the purpose of acquiring and merging with another company. SPACs, such as Moringa Acquisition Corp, are created with the sole intention of raising capital through an initial public offering (IPO) and utilizing those funds to acquire an existing business. The management team of Moringa Acquisition Corp is typically experienced in certain industries and aims to identify and acquire a company within that industry to create value for its shareholders. Once a suitable target business has been identified and acquired, the SPAC and the target company merge, allowing the target company to become publicly listed without having to go through the traditional IPO process.


   Company Address: 250 Park Avenue New York 10017 NY
   Company Phone Number: 572-6395   Stock Exchange / Ticker: NASDAQ MACA


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



Moringa Acquisition Corp

Blank Checks Company Sees Remarkable Progress as Operating Deficit Narrows to $-0.237001 Million in Q3 2023



As the July to September 30, 2023 reporting cycle resumes, many businesses have started to release their financial results. Among them, MACA (Moringa Acquisition Corp) reveals a significant improvement in its operating deficit compared to the previous year. This article aims to interpret the financial results of MACA and explore the potential impact on the company going forward.
Improved Operating Deficit:
In the financial period ending September 30, 2023, MACA announced an operating deficit of $-0.167842 million. However, this figure reflects a noticeable improvement in comparison to the corresponding period in the previous year, where the operating deficit stood at $-0.237001 million. This positive trend suggests that MACA has enhanced its operational efficiency and successfully managed its expenses.
Moringa Acquisition Corp

Moringa Acquisition Corp Delivers Promising Growth in Fiscal Period Closing June 2023, with Improved Operational Performance



The recent financial results of Moringa Acquisition Corp (MACA) have unveiled several intriguing aspects. Despite shareholders not anticipating any modifications during the reporting cycle from April to June 2023, the company's operating shortfall has garnered attention. However, MACA's productivity levels have exceeded comparable figures from the previous year, proving to be a positive reporting season for the corporation. With the latest earnings showing significant advancement, it becomes crucial to analyze the possible impact on the company's future prospects.
Operational Performance:
During the reporting cycle from April to June 2023, one notable aspect regarding MACA's financial performance was its operating shortfall, which stood at $-0.155472 million. While a negative figure may raise concerns among investors, it should be noted that it outperformed the same period from the previous year. This suggests a positive trend in terms of operational productivity, which is crucial for a company still in its research cycle.
Moringa Acquisition Corp

Working Expenditures Surge in First Quarter of 2023 at Moringa Acquisition Corp

Moringa Acquisition Corp, commonly referred to as MACA, is a blank check company that has been in the business of acquiring businesses and assets through merger, capital stock exchange, asset acquisition, stock purchase, or reorganization. The company was founded in 2021 under the leadership of its CEO, Sanjiv Patel, and is headquartered in New York, USA.
As with any blank check company, the success of MACA lies in its ability to acquire assets or merge with businesses successfully. For this to happen, the company needs to have adequate resources, expertise, and a solid acquisition strategy. As highlighted in the first quarter of 2023 financial results, MACA has not generated any revenue, and it has recorded an operating shortfall of $-0.436728 million, which is higher than the first quarter of 2022.









Help

About us

Advertise
CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved.

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com