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Southport Acquisition Corporation  (PORT)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $10.9200 $-0.59 -5.126%
Day's High: $12 Week Perf: 0.65 %
Day's Low: $ 10.89 30 Day Perf: 2.15 %
Volume (M): 5 52 Wk High: $ 12.00
Volume (M$): $ 55 52 Wk Avg: $10.56
Open: $11.99 52 Wk Low: $10.34



 Market Capitalization (Millions $) 45
 Shares Outstanding (Millions) 4
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 6
 Cash Flow (TTM) (Millions $) 4
 Capital Exp. (TTM) (Millions $) 0

Southport Acquisition Corporation
Southport Acquisition Corporation is a special purpose acquisition company (SPAC) that was formed for the purpose of merging or acquiring one or more operating businesses. It was established to raise funds through an initial public offering (IPO) in order to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination.

Southport Acquisition Corporation does not have any specific target industry or business in mind, allowing it flexibility to identify potential targets in various sectors. Its management team typically has expertise and experience in evaluating and executing such business combinations.

Once Southport Acquisition Corporation completes the IPO and raises funds, it enters a period of typically two years to identify and consummate a merger or acquisition transaction. If the company fails to complete a business combination within the specified time frame, it is required to liquidate and return the IPO funds to its shareholders.

The purpose of Southport Acquisition Corporation is to provide a vehicle for private companies to go public and gain access to capital markets without going through the traditional initial public offering process. It offers investors an opportunity to participate in potential growth and value creation of the acquired or merged businesses.


   Company Address: 1745 Grand Avenue Del Mar 92014 CA
   Company Phone Number: 503-9722   Stock Exchange / Ticker: NYSE PORT
   PORT is expected to report next financial results on May 29, 2024.


   

Stock Performances by Major Competitors

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Southport Acquisition Corporation

Southport Acquisition Corporation Surprises Shareholders with Impressive Gain Amidst Challenging Market Conditions: Q3 2023 Results Reveal Promising Outlook for Investors

Exciting Developments in the Blank Checks Industry as Third Quarter Results are Scrutinized
As the third quarter of 2023 comes to a close, insiders in the blank checks industry have turned their attention to analyzing the financial results of companies. In particular, one company has caught their eye with its impressive performance, despite recording an operating loss.
During the July to September 30, 2023 reporting season, this small business reported an operating loss of $-0.137763 million. Notably, the company has not yet specified any revenue for the period. However, what makes this performance truly remarkable is that it is significantly improved compared to the same period a year ago when they incurred an operating loss of $-0.352509 million.

Southport Acquisition Corporation

TITLE: Southport Acquisition Corporation's OPERATING BEHAVIOR Slumps in Q2 2023, Prompting Concerns for Future Revenue Growth



The financial results of Southport Acquisition Corporation for the second quarter of 2023 have captured the attention of insiders in the Blank Checks sector. With an operating loss of $-0.370139 million, the company has yet to report any revenue for the April to June 2023 quarter. This article aims to interpret these financial results and speculate about their potential impact on the company moving forward.
Operating Loss and Depleting Earnings:
Southport Acquisition Corporation's operating loss for Q2 2023 has increased slightly compared to the same quarter in 2022 ($-0.370139 million vs. $-0.366771 million). Though not a significant difference, it highlights the need for the company to address its financial performance. The absence of any revenue figures raises concerns among investors, leaving them wondering if the PORTsn will soon start citing revenue.

Southport Acquisition Corp

Southport Acquisition Corp Announces First Quarter 2023 Performance Amid Reporting Season

Over the past 5 days, Southport Acquisition Corporation stock has shown a slight improvement of 0.67%. This brings its year-to-date performance to 3.15%. However, it is worth noting that the stock is still 3.9% below its 52-week high.
As we enter the reporting season from January to March 2023, many businesses have begun disclosing their financial results. In the Blank Checks sector, several companies, including Southport Acquisition Corporation, have released their earnings reports. Southport Acquisition Corporation, commonly known as PORT, disclosed an operating loss of $-0.278778 million for the first quarter of the 2023 earnings season.






 




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