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Twin Ridge Capital Acquisition Corp   (TRCA)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $7.8700 $0.75 10.534%
Day's High: $8.5 Week Perf: 2.88 %
Day's Low: $ 7.15 30 Day Perf: -26.79 %
Volume (M): 22 52 Wk High: $ 15.40
Volume (M$): $ 172 52 Wk Avg: $10.23
Open: $7.25 52 Wk Low: $6.30



 Market Capitalization (Millions $) 131
 Shares Outstanding (Millions) 17
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Twin Ridge Capital Acquisition Corp
Twin Ridge Capital Acquisition Corp is a special purpose acquisition company (SPAC) based in the United States. It was formed with the purpose of acquiring or merging with a target company to take it public. As a SPAC, Twin Ridge Capital has raised capital through an initial public offering (IPO) and the funds raised will be used to finance the acquisition or merger. The company's management team has expertise in identifying potential target companies and completing transactions. Twin Ridge Capital Acquisition Corp may focus on a specific industry or may have a broader investment mandate.


   Company Address: 999 Vanderbilt Beach Road, Suite 200 Naples 34108 FL
   Company Phone Number: 235-0292   Stock Exchange / Ticker: NYSE TRCA
   TRCA is expected to report next financial results on March 30, 2024.


   

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Twin Ridge Capital Acquisition Corp

Financial Concerns Mount as Twin Ridge Capital Acquisition Corp Reports $0.8 Million Operating Shortfall in Q2 2023



In the world of Blank Checks industry, several prominent companies have already released their financial results. However, there are a few lesser-known entities, like Twin Ridge Capital Acquisition Corp, whose upcoming earnings have attracted attention. The recently unveiled financial results for the second quarter of 2023 indicate a concerning operating shortfall of $-0.795409 million, reflecting a decline from the previous year's figures. This article aims to interpret these financial results and delve into their potential implications for Twin Ridge Capital Acquisition Corp's future outlook.
Operating Shortfall Comparison:
To better understand the impact of the current financial situation on the company, let's compare it with the corresponding period of the previous year. The operating shortfall for the second quarter of 2022 stood at $-0.232494 million, which suggests a significant increase in financial challenges faced by Twin Ridge Capital Acquisition Corp. This larger shortfall indicates potential difficulties in generating revenue streams, leading to concerns about the company's overall performance.

Twin Ridge Capital Acquisition Corp

Sizzling Financial Scorcher: Twin Ridge Capital Acquisition Corp Reveals Unanticipated Q1 2023 Earnings from Blank Checks Market

The financial results of the Twin Ridge Capital Acquisition Corp reveal a mixed bag of outcomes for the company. While investors had expected no significant changes in revenue, the operating loss during the January to March 31, 2023 reporting cycle has caught shareholders' attention. The company has not declared a top line yet, but a comparison with its performance in the first quarter of 2022 shows a significant increase in operating loss.
The net deficit of $-0.123 million recorded during the first quarter of 2023 is a significant concern, especially given that the company was profitable during the same period last year. The challenge for Twin Ridge Capital Acquisition Corp is to develop and expand its business model as soon as possible while maintaining sufficient liquidity to run day-to-day operations.






 




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