CSIMarket Company Name, Ticker, Industry, else..
 
Monterey Innovation Acquisition Corp   (MTRY)
Other Ticker:  
 
    Sector • Financial    Industry • Blank Checks
   Industry • Blank Checks
   Sector • Financial
 
Price: $11.1400 $-0.01 -0.090%
Day's High: $11.16 Week Perf: -1.59 %
Day's Low: $ 11.14 30 Day Perf: -0.18 %
Volume (M): 4 52 Wk High: $ 11.40
Volume (M$): $ 47 52 Wk Avg: $11.23
Open: $11.16 52 Wk Low: $11.14



 Market Capitalization (Millions $) 23
 Shares Outstanding (Millions) 2
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -1
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) 0

Monterey Innovation Acquisition Corp
Monterey Innovation Acquisition Corp is a blank check company that was formed for the purpose of acquiring, engaging in a share exchange, or engaging in a merger with one or more businesses or entities. The company aims to identify and acquire a business that can benefit from its management team's expertise and potentially enhance its value through a combination of operational improvements, strategic expansion, and financial restructuring. Monterey Innovation Acquisition Corp is typically a publicly traded company and raises capital through an IPO (Initial Public Offering) to finance its acquisition endeavors.


   Company Address: 17 State Street New York 10004 NY
   Company Phone Number: 267-0216   Stock Exchange / Ticker: NASDAQ MTRY


   

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Monterey Innovation Acquisition Corp

Monterey Innovation Acquisition Corp Reports Increased Operating Shortfall in Recent Fiscal Period, Raises Concerns Among Shareholders

The recent financial reporting season for the Monterey Innovation Acquisition Corp has left shareholders with a sense of unease and uncertainty. Despite no anticipated changes in revenue during the April to June 2023 reporting period, it is concerning to note the company's operating shortfall. This shortfall has increased to $-0.365605 million, representing a worsening situation compared to the second quarter of 2022, where the operating shortfall stood at $-0.342832 million.
The growing operating shortfall raises questions about the company's ability to generate sufficient revenue in the future. Shareholders are especially concerned about when Monterey Innovation Acquisition Corp will start to see an uptick in its top-line growth. While the company has been dedicated to expanding its revenue streams, it seems to have achieved some success in reducing costs during the April to June 30 2023 financial period, as the figure dropped to $-0.151 million from $-0.189 million in the second quarter of 2022.









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