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Twin Ridge Capital Acquisition Corp   (TRCA)
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    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial


 

Twin Ridge Capital Acquisition Corp

TRCA's Financial Statements and Analysis



Twin Ridge Capital Acquisition Corp reported in the second quarter of 2023 net earnings per share of $0.01 a decrease by -85.71 % year on year from $0.07 and an improvement compare to net loss per share of $-0.01 realized in previous quarter.


second quarter of 2023
Earnings Per Share Revenues
$ 0.01 $  0 Mill
$-0.06     -85.71 % Unch.    



Twin Ridge Capital Acquisition 's Revenue fell by 0 % in second quarter of 2023 (Jun 30 2023) year on year, to $0 million and declined by sequentially.


Twin Ridge Capital Acquisition is Expected to report next financial results on March 30, 2024.

More on TRCA's Income Statement



Twin Ridge Capital Acquisition 's net income of $0.167 million in the second quarter of 2023 decreased by -91.5 % from net earnings of $1.962 million achieved in II. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $-0.123 million recorded in previous quarter.

More on TRCA's Growth

Twin Ridge Capital Acquisition Inventories
TRCA's Cash flow In the second quarter of 2023 company's net cash flow was $1 million


Twin Ridge Capital Acquisition Corp does not pay out common stock dividend.

In trailing twelve-month period Twin Ridge Capital Acquisition Corp payed $ -0.01 cash per share, on a free-cash flow basis .


Tangible Book value grew to $ -0.42 per share from $ -0.49.

Company issued 3.91 million shares or 30.64 % in Jun 30 2023.
Debt Coverage Ratio was 2.49.

More on TRCA's Dividends

 Market Capitalization (Millions) 131
 Shares Outstanding (Millions) 17
 Total Debt (Millions $) 1
 Revenue (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -




Twin Ridge Capital Acquisition Corp does not pay out common stock dividend.

In trailing twelve-month period Twin Ridge Capital Acquisition Corp had negative $ -0.01 cash flow per share, on a free-cash flow basis .


Tangible Book value grew to $ -0.42 per share from $ -0.49.

Company issued 3.91 million shares or 30.64 % in Jun 30 2023.
Debt Coverage Ratio was 2.49.

More on TRCA's Balance Sheets

 Market Capitalization (Millions) 131
 Shares Outstanding (Millions) 17
 Total Debt (Millions $) 1
 Revenue (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -
   


  News about Twin Ridge Capital Acquisition Corp Earnings

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 situatio...

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...


Date modified: 2023-08-23T09:16:15+00:00





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