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Prime Number Acquisition I Corp   (NASDAQ: PNAC)
Other Ticker:  
 
    Sector • Financial    Industry • Blank Checks
   Industry • Blank Checks
   Sector • Financial
 
Price: $4.2600 $-3.77 -46.949%
Day's High: $5.44 Week Perf: -40.59 %
Day's Low: $ 3.90 30 Day Perf:
Volume (M): 342 52 Wk High: $ 0.00
Volume (M$): $ 1,458 52 Wk Avg: $0.00
Open: $5.08 52 Wk Low: $0.00



 Market Capitalization (Millions $) 24
 Shares Outstanding (Millions) 6
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 1
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Prime Number Acquisition I Corp
Prime Number Acquisition I Corp is a company focused on acquiring prime numbers. A prime number is a natural number greater than 1 that is divisible only by 1 and itself. Prime Number Acquisition I Corp aims to acquire prime numbers through various methods such as mathematical algorithms, computational techniques, and research collaborations. The company may use these prime numbers for various purposes such as encryption, data security, or mathematical research. Additionally, the company may also engage in the trading or selling of prime numbers to interested parties.


   Company Address: 1129 Northern Blvd., Suite 404 Manhasset 11030 NY
   Company Phone Number: 329-1575   Stock Exchange / Ticker: NASDAQ PNAC


   

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Prime Number Acquisition I Corp

Prime Number Acquisition I Corp Faces Operating Loss in Second Quarter of 2023 but Shows Promising Growth Potential


Introduction
While large companies in the Blank Checks sector continue to dominate the market, it is crucial not to overlook the potential of smaller companies. One such company, Prime Number Acquisition I Corp (PNAC), recently reported its earnings for the second quarter of 2023. Despite an operating loss, PNAC showcased a business strategy that not only generated net income but also outperformed the previous year's results. With future financial earnings expected to be announced on November 13, 2023, let's delve into the situation surrounding PNAC and analyze its growth prospects.
The Operating Loss
During the second quarter of 2023, PNAC faced an operating loss of $-0.503968 million. This result is disappointing but not entirely unexpected, considering the challenges faced by smaller companies in the Blank Checks sector. Operating losses occur when a company's operating expenses exceed its revenue, indicating that the cost of doing business surpasses its earnings. This quarter's operating loss was quite significant when compared to the previous year's figure of $-0.129948 million.
Prime Number Acquisition I Corp

Prime Number Acquisition I Corp Reports Financial Findings for Q1 2023; Investors Caught Off-guard by Unexpected Operating Deficit

Investors and shareholders of Prime Number Acquisition I Corp had little anticipation for any adjustments at the company during the January to March 31, 2023 reporting season. However, despite the absence of any major changes, there was an operating shortfall of $-0.341259 million for the period.
Despite this, there is no need for investors to panic. Prime Number Acquisition I Corp is still on track to cultivate its revenue sources, signaling long-term growth and stability. Furthermore, the executives delivered results that surpassed expectations by posting a surplus of $0.231 million and outpacing the results from the same period last year.









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