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ATMCW

AlphaTime Acquisition Corp

ATMCW

AlphaTime Acquisition Corp • NASDAQ
$0.06 ▼ -0.50% (-0.00)
Market Cap $208167
52w High $0.07
52w Low $0.06
Dividend Yield 0%
P/E 0
Volume 28
Outstanding Shares 3.47M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $0 ▼ $165.713K ▲ 0% $-0.01 ▲ $0 ▲
Q2-2025 $0 $290.004K ▲ $-127.315K ▼ 0% $-0.037 ▼ $-290.004K ▼
Q1-2025 $0 ▼ $183.402K ▼ $117.969K ▼ 0% ▼ $0.017 ▼ $143.864K ▼
Q4-2024 $1.831M ▲ $420.613K ▲ $266.589K ▼ 14.56% ▲ $0.039 ▼ $2.743M ▲
Q3-2024 $0 $280.163K $404.367K 0% $0.059 $-280K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.281K ▼ $16.051M ▲ $6.384M ▲ $-6.357M ▼
Q2-2025 $1.329K ▼ $15.861M ▲ $6.36M ▲ $9.501M ▼
Q1-2025 $1.377K ▼ $15.673M ▲ $6.045M ▲ $9.628M ▲
Q4-2024 $1.425K ▼ $15.257M ▼ $5.747M ▲ $9.511M ▲
Q3-2024 $1.473K $53.381M $5.284M $-5.251M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $132.658K ▲ $-5.067K ▼ $38.747M ▲ $-38.742M ▼ $-48 ▲ $-5.067K ▼
Q2-2025 $-94.26K ▼ $104.931K ▲ $-38.847M ▼ $38.742M ▲ $-96 ▼ $104.931K ▲
Q1-2025 $117.969K ▲ $54.931K ▲ $-54.979K ▼ $0 ▲ $-48 $54.931K ▲
Q4-2024 $84.914K ▼ $-48 ▼ $38.742M ▲ $-38.742M ▼ $-48 ▼ $-48 ▼
Q3-2024 $404.367K $5.625K $-5.189M $5.184M $0 $5.623K

Five-Year Company Overview

Income Statement

Income Statement ATMCW’s historical income statement is largely not meaningful in the usual “operating business” sense. As a SPAC-related security, AlphaTime itself has not been running a normal revenue-generating business; it exists mainly as a financial vehicle to complete a merger. That is why you see no real revenue, no gross profit, and no operating income. The reported earnings per share are driven mainly by SPAC accounting items rather than ongoing operations. In other words, past income figures say almost nothing about the earning power of the future merged company, which will depend on HCYC Group’s insurance brokerage activities, not on AlphaTime’s shell structure.

Balance Sheet

Balance Sheet The balance sheet is very light, with small reported assets and equity and no meaningful debt in the snapshot provided. This is typical for a SPAC shell, where most of the economic substance is in the IPO proceeds and trust arrangements rather than in traditional operating assets like property, equipment, or receivables. The structure looks simple and relatively clean: few liabilities, but also very limited tangible operating resources. The real economic picture will change only once the merger completes and HCYC’s operating assets and liabilities are combined into the listed entity. Until then, the balance sheet mainly reflects a temporary financial wrapper, not a mature operating company.

Cash Flow

Cash Flow Cash flow information is essentially flat, again reflecting that AlphaTime is not an operating business but a transaction vehicle. There are no meaningful signs of cash being generated from sales, invested in growth projects, or spent on capital expenditures. For a SPAC, the crucial cash dynamics are tied to how much money from the original IPO remains in trust, how many shareholders redeem at closing, and what additional financing (if any) is raised at the merger. None of that shows up clearly in the simplified cash flow snapshot. Going forward, sustainable cash generation will depend on HCYC’s ability to earn commissions and manage its costs as an insurance broker, not on AlphaTime’s historical cash flows.

Competitive Edge

Competitive Edge As a SPAC, AlphaTime has no real competitive position of its own in a product or service market. The competitive story belongs to HCYC Group, the Hong Kong–based insurance brokerage it is merging with. HCYC’s strengths appear to be its established presence in the local market, its license to operate as a professional broker, and its relationships with well-known insurers. This allows it to offer a broad menu of insurance and wealth products to clients. However, the insurance brokerage field is crowded, with many agents, brokers, and digital platforms competing for similar customers. HCYC must differentiate through service quality, breadth of offerings, and trusted advice, while also navigating regulatory requirements in a heavily supervised sector. Its advantage seems more relationship- and license-driven than based on unique, hard-to-copy technology.

Innovation and R&D

Innovation and R&D Neither AlphaTime nor HCYC appears to be a research-heavy, technology-invention business. HCYC’s “innovation” is more about how it uses partnerships and available tools than about building new technology from scratch. It leverages the digital platforms and product suites of major insurers, rather than owning deep proprietary systems itself. This can be efficient and capital-light, but it also means HCYC’s moat may be limited if others can form similar partnerships. The main areas to watch are whether the combined entity invests in its own digital platform, integrates modern insurtech features like online advisory and data-driven personalization, and expands regional reach. Any such moves would be evolutionary rather than radical R&D, and execution quality will matter more than pure innovation spending.

Summary

ATMCW represents a security tied to a SPAC transaction rather than a mature operating company. The historical financials mainly describe a shell: no revenue, minimal assets, and no real cash flow profile to analyze in the usual way. The economic future instead hinges on the successful completion and terms of the merger with HCYC Group, an established insurance brokerage in Hong Kong. HCYC brings regulatory licenses, client relationships, and strong insurer partnerships, but operates in a highly competitive and regulated market with many similar players and rising digital challengers. There is limited evidence of deep proprietary technology or heavy R&D; the story is more about service quality, partnership breadth, and potential digital and geographic expansion. Overall, the key uncertainties are deal completion, the amount of capital actually available after redemptions and costs, and HCYC’s ability to grow and maintain margins in a crowded insurance brokerage space. Historical SPAC-era numbers provide little insight into those forward-looking questions.