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Monterey Capital Acquisition Corporation  (MCAC)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services


 

Monterey Capital Acquisition Corporation

MCAC's Financial Statements and Analysis



Monterey Capital Acquisition Corporation reported in the forth quarter of 2023 net loss per share of $-0.26 compare to earnings per share of $0.00 in the same quarter a year ago and improved compare to net loss per share of $-0.30 realized in previous quarter.


forth quarter of 2023
Earnings Per Share Revenues
$ -0.26 $  0 Mill
$-0.26     Unch.    



Monterey Capital Acquisition's Revenue fell by 0 % in forth quarter of 2023 (Dec 31 2023) year on year, to $0 million and declined by sequentially.


Monterey Capital Acquisition is Expected to report next financial results on April 19, 2024.

More on MCAC's Income Statement



Monterey Capital Acquisition's in theforth quarter of 2023 recorded net loss of $-5.649 million, an increase from net loss of $-3.095 million in IV. Quarter a year ago.

Sequentially net loss advanced

More on MCAC's Growth

Monterey Capital Acquisition Inventories
In Dec 31 2023 company's net cash and cash equivalents decreased by $0 million


Monterey Capital Acquisition Corporation does not pay out common stock dividend.

In trailing twelve-month period Monterey Capital Acquisition Corporation payed $ -0.22 cash per share, on a free-cash flow basis .


Tangible Book value fell to $ -2.55 per share from $ -1.84.

Company repurchased 0.49 million shares or 4.17 % in Dec 31 2023.


More on MCAC's Dividends

 Market Capitalization (Millions) 126
 Shares Outstanding (Millions) 11
 Total Debt (Millions $) 1
 Revenue (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -15
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -




Monterey Capital Acquisition Corporation does not pay out common stock dividend.

In trailing twelve-month period Monterey Capital Acquisition Corporation had negative $ -0.22 cash flow per share, on a free-cash flow basis .


Tangible Book value fell to $ -2.55 per share from $ -1.84.

Company repurchased 0.49 million shares or 4.17 % in Dec 31 2023.


More on MCAC's Balance Sheets

 Market Capitalization (Millions) 126
 Shares Outstanding (Millions) 11
 Total Debt (Millions $) 1
 Revenue (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -15
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -
   


  News about Monterey Capital Acquisition Corporation Earnings

Business costs escalate for Monterey Capital Acquisition Corporation in Q4 2023 earnings season



As the Construction Services sector vets analyze the fourth quarter of 2023 financial results, Monterey Capital Acquisition Corporation (MCAC) is faced with concerning figures. With no revenue reported for the quarter, the operating shortfall of $-1.28193 million highlights the struggles the company is currently experiencing. In this article, we will delve into the implications of these financial results and discuss how they might affect the future prospects of MCAC.
Operating Shortfall and Worsening Deficit:
Comparing the fourth quarters of 2022 and 2023, MCAC's operating shortfall has increased significantly from $-1.039873 million to $-5.649 million. Moreover, this shortfall has expanded...

Monterey Capital Acquisition Corporation's Operating Shortfall Narrows to $-0.345M in Q3 2023, Highlighting Improved Efficiency



Monterey Capital Acquisition Corporation is currently under scrutiny by industry experts as they delve into the financials of the company's third quarter of 2023. With no top-line figures disclosed yet, there is a noticeable operating shortfall of $-0.345968 million. However, signs indicate that the company is operating more efficiently than in the same period the previous year, where an operating shortfall of $-0.515626 million was recorded. Despite these improvements, Monterey Capital Acquisition Corporation has faced a net deficit of $-3.544 million, which has seen a significant increase from $-0.181 million in the corresponding period last year.
Analyzing Third Quarter Earnings
Monterey...

Monterey Capital Acquisition Corporation faces financial challenges as existing expenditures build up, shareholders seek stable revenue base



As an investor and analyst closely following the blank checks industry, it is my duty to highlight the performance and potential opportunities in the market. With the recent release of Monterey Capital Acquisition Corporation's financial results for the second quarter of 2023, it becomes evident that the company is facing certain challenges. However, it is important to take a closer look at the larger context and understand the steps being taken to overcome these obstacles.
Financial Results and Shareholder Expectations:
Monterey Capital Acquisition Corporation announced an operating loss of $-0.543038 million for the second quarter of 2023. This setback has left shareholders eagerly awaiti...

Monterey Capital Acquisition Corporation Announces Q1 2023 Earnings, Unexpected Adjustments to Revenue Alarms Investors

The recent financial results of Monterey Capital Acquisition Corporation (MCAC) have aroused interest among investors. Despite the absence of major adjustments in revenue across the January-March 31, 2023 reporting cycle, the company's operating deficit of -$0.809927 million has become a cause for concern.
Investors are hoping for additional revenue sources to be developed soon in order to bolster the company's financial performance going forward. It's clear that the current organizational and operational strategies of MCAC are not inspiring enough confidence for investors.
The shortfall of -$0.586 million in the most recent period demonstrates the extent of the challenge the company is facing. Thi...


Date modified: 2024-03-13T18:35:01+00:00





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