CSIMarket Company Name, Ticker, Suppliers, else..
 
Oceantech Acquisitions I Corp   (NASDAQ: OTEC)
Other Ticker:  
 
 
Price: $11.7500 $-1.11 -8.631%
Day's High: $11.75 Week Perf: 6.53 %
Day's Low: $ 11.37 30 Day Perf:
Volume (M): 14 52 Wk High: $ 0.00
Volume (M$): $ 166 52 Wk Avg: $0.00
Open: $11.42 52 Wk Low: $0.00



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

Oceantech Acquisitions I Corp
Oceantech Acquisitions I Corp is a blank check company or special purpose acquisition company (SPAC) incorporated in the Cayman Islands. It was created with the purpose of merging with or acquiring one or more businesses or entities in the technology sector. The company is likely to raise funds through an initial public offering (IPO) in order to finance its future acquisitions. As a SPAC, Oceantech Acquisitions I Corp does not have any operations or revenue of its own but aims to use the proceeds from its IPO to identify and complete a merger with a promising technology company.


   Company Address: 515 Madison Avenue New York 10022 NY
   Company Phone Number: 412-1272   Stock Exchange / Ticker: NASDAQ OTEC


   

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Oceantech Acquisitions I Corp

OTECSn's First Quarter Results Raise Eyebrows Among Investors


Date: April 15, 2024
Author: CSIMarket.comist
The latest financial results of OTECsn, a Medical Equipment & Supplies company, have caused some concerns among investors. The company's January to March 31, 2024 reporting cycle has not shown any anticipated improvements, prompting analysts to question when revenue growth might be cited.
During this reporting period, OTECs' operating shortfall amounted to $-0.711824 million, which is a significant decline from the $-0.464054 million reported in the first quarter of 2023. This deteriorating trend raises questions about the company's ability to meet its operational costs effectively.
Oceantech Acquisitions I Corp

Oceantech Acquisitions I Corp Continues to Soar in Electric Utilities Industry; Reports Impressive Second Quarter Earnings for 2023



With the Electric Utilities industry facing closer scrutiny, the financial performance of Oceantech Acquisitions I Corp (OTEC) has come under analysis for the second quarter of 2023. The company's operating deficit of $-1.008654 million has caught the attention of industry reporters, especially as OTEC has not yet reported any revenue. The net deficit of $-0.538 million represents a significant increase from the previous year's $-0.006 million. As we eagerly await OTEC's upcoming financial reports on November 3, 2023, it is essential to consider how these figures will impact the company going forward.
1. Revenue Challenges:
The absence of reported revenue from OTEC during the April to June 30, 2023 reporting period is the most significant concern. A lack of revenue raises questions about OTEC's ability to generate income and its overall financial health. Without a sustainable revenue stream, the company may find it difficult to cover its operational costs, leading to continued deficits.
Oceantech Acquisitions I Corp

Oceantech Acquisitions I Corp Surpasses Expectations with Remarkable ROI Amidst Challenging Market Conditions

Oceantech Acquisitions I Corp, a company operating in the Utilities sector, has announced its financial results for the first quarter of 2023. The company has achieved a return on average invested assets (ROI) of 8.16%, which is significantly above the company's average return on investment of -2.67%. This is positive news for the company, especially given that the net income has deteriorated.
When compared to the third quarter of 2021, Oceantech Acquisitions I Corp has improved its ROI. However, within the Utilities sector, there were 12 other companies that had a higher return on investment. The company's total ranking for return on investment has also deteriorated when compared to the third quarter of 2021, dropping to 773.









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