Southport Acquisition Corp financial data

Symbol
PORT, PORTU, PORTW on OTC
Industry
Blank Checks
Location
1745 Grand Ave, Del Mar, CA
State of incorporation
DE
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 34 % +4902%
Debt-to-equity -142 % +93.2%
Return On Equity 10.4 %
Return On Assets -1.19 % -139%

Shares

Label TTM Value / Value Unit Change %
Common Stock, Shares, Outstanding 5.75M shares
Entity Public Float 87.8M USD -61.5%

Income Statement

Label TTM Value / Value Unit Change %
Operating Income (Loss) -1.72M USD -26.6%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -33.1K USD -100%
Income Tax Expense (Benefit) 322K USD -91.6%
Net Income (Loss) Attributable to Parent -355K USD -105%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 473K USD
Assets, Current 621K USD +34.7%
Assets 13.4M USD -94.5%
Accounts Payable, Current 218K USD -19.8%
Accrued Liabilities, Current 445K USD
Liabilities, Current 3.74M USD -98.1%
Liabilities 4.2M USD -97.9%
Retained Earnings (Accumulated Deficit) -4.23M USD -33.8%
Stockholders' Equity Attributable to Parent -3.58M USD -13.4%
Liabilities and Equity 13.4M USD -94.5%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -1.99M USD -226%
Net Cash Provided by (Used in) Financing Activities -32M USD
Net Cash Provided by (Used in) Investing Activities 32.3M USD
Common Stock, Shares, Issued 5.75M shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 491K USD +6.33%
Deferred Tax Assets, Valuation Allowance 862K USD +307%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 917K USD +58.2%
Deferred Tax Assets, Operating Loss Carryforwards 39.8K USD
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 1M shares 0%
Unrecognized Tax Benefits 0 USD
Additional Paid in Capital 646K USD
Preferred Stock, Shares Outstanding 0 shares
Deferred Tax Assets, Net of Valuation Allowance 55.5K USD -84.9%
Interest Expense 136K USD
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%