Fortune Rise Acquisition Corp financial data

Symbol
FRLA, FRLAU, FRLAW on Nasdaq
Industry
Special Industry Machinery, NEC
Location
13575 58 Th Street North, Suite 200, Clearwater, Florida
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 15, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 4.03 % -84.5%
Debt-to-equity -102 % +11.2%
Return On Equity 13.9 %
Return On Assets -3.2 % -662%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 6.27 M shares -51.3%
Entity Public Float 39 M USD -61%

Income Statement

Label TTM Value / Value Unit Change %
Operating Income (Loss) -2.21 M USD -63.2%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -964 K USD -180%
Income Tax Expense (Benefit) 231 K USD -62.7%
Net Income (Loss) Attributable to Parent -1.2 M USD -306%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 6.98 K USD -95.4%
Assets, Current 41.5 K USD -83.2%
Assets 35.3 M USD -66.1%
Liabilities, Current 6.55 M USD +122%
Liabilities 9.97 M USD +53.9%
Retained Earnings (Accumulated Deficit) -9.93 M USD -73.2%
Stockholders' Equity Attributable to Parent -9.93 M USD -73.2%
Liabilities and Equity 35.3 M USD -66.1%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -216 K USD +74.6%
Net Cash Provided by (Used in) Financing Activities 590 K USD -63.3%
Net Cash Provided by (Used in) Investing Activities -380 K USD +51.1%
Common Stock, Shares Authorized 60 M shares 0%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -5.93 K USD +70.4%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 6.98 K USD -95.4%
Interest Paid, Excluding Capitalized Interest, Operating Activities 0 USD
Deferred Tax Assets, Valuation Allowance 553 K USD +107%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0 pure -101%
Deferred Tax Assets, Gross 553 K USD +200%
Deferred Income Tax Expense (Benefit) 0 USD -100%
Deferred Tax Assets, Operating Loss Carryforwards 0 USD -100%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) 36.1 K USD +384%
Preferred Stock, Shares Authorized 2 M shares 0%
Unrecognized Tax Benefits 0 USD
Additional Paid in Capital 0 USD
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 82.2 K USD
Current Federal Tax Expense (Benefit) 225 K USD
Deferred State and Local Income Tax Expense (Benefit) 51.3 K USD
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%