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FVN

Future Vision II Acquisition Corp.

FVN

Future Vision II Acquisition Corp. • NASDAQ
$10.55 ▼ -0.19% (-0.02)
Market Cap $79.59 M
52w High $10.57
52w Low $10.01
Dividend Yield 0%
P/E 0
Volume 505
Outstanding Shares 7.54M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $69.216K ▼ $557.209K ▲ 0% $-0.16 ▼ $557.209K ▲
Q2-2025 $0 $70.837K ▼ $551.9K ▲ 0% $0.073 ▲ $-70.837K ▲
Q1-2025 $0 $166.9K ▲ $454.3K ▲ 0% $0.06 ▲ $-167K ▼
Q4-2024 $0 $8.122K ▲ $69.989K ▼ 0% $0.009 ▼ $69.989K ▲
Q3-2024 $0 $6.585K $141.906K 0% $0.059 $-6.585K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.108M ▼ $61.598M ▲ $202.333K ▲ $3.056M ▼
Q2-2025 $1.115M ▼ $61.01M ▲ $171.666K ▲ $60.838M ▲
Q1-2025 $1.142M ▼ $60.427M ▲ $141.333K ▼ $60.286M ▲
Q4-2024 $1.333M ▼ $59.943M ▲ $52.249M ▼ $7.694M ▲
Q3-2024 $1.464M $59.409M $52.735M $6.674M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.011M ▲ $-7.14K ▲ $0 $0 ▲ $-7.14K ▲ $-7.14K ▲
Q2-2025 $551.9K ▲ $-11.182K ▲ $0 $-16K ▼ $-27.182K ▲ $-11.182K ▲
Q1-2025 $454.3 ▼ $-190.06K ▼ $0 ▼ $0 ▲ $-190.06K ▼ $-190.06K ▼
Q4-2024 $69.989K ▲ $-18.326K ▼ $24.073K ▲ $-24.69K ▼ $-26.153K ▼ $-18.33K ▼
Q3-2024 $141.906 $-1.398K $-8.062M $8.242M $182.979K $-9.975

Five-Year Company Overview

Income Statement

Income Statement FVN’s current income statement is essentially a blank slate. As a SPAC, it has no operating business, no meaningful revenue, and no real operating expenses beyond basic listing and deal-related costs. Any reported earnings per share so far are more an accounting outcome of the SPAC structure (for example, interest on funds in trust) than a sign of an active, growing business. The future income statement will depend almost entirely on what happens after the planned merger with Viwo Technology — including whether Viwo can turn its AI and marketing-technology capabilities into recurring, profitable revenue. Until then, the historical income figures for FVN tell you very little about the operating potential of the combined company.

Balance Sheet

Balance Sheet The balance sheet today reflects a small, financial shell rather than a full operating company. Assets are limited and largely financial in nature, with minimal tangible operations behind them. There is effectively no traditional debt at this stage, which is common for SPACs, and a thin layer of equity representing the SPAC’s capital structure. This is likely to change dramatically after the merger, when Viwo’s own assets, liabilities, and capital structure are consolidated in. Key uncertainties include how much cash will remain after any shareholder redemptions, how much new capital (if any) is raised alongside the deal, and how Viwo’s own balance sheet looks in terms of working capital needs, debt, and investment in technology.

Cash Flow

Cash Flow Current cash flows are not from a normal business; they mainly reflect SPAC setup, listing costs, and holding funds in trust. There is no real operating cash inflow because FVN does not yet sell products or services. Free cash flow information is therefore not particularly meaningful at this stage. What will matter going forward is Viwo’s cash burn and its ability to convert client wins and technology projects into steady cash inflows. Investors will want to see, over time, whether Viwo can fund its AI and software development from internal cash generation or whether it will need repeated external financing, which can dilute existing shareholders or increase financial risk.

Competitive Edge

Competitive Edge As of now, FVN itself has no competitive position in the traditional sense; it is a financing vehicle. The competitive story belongs to Viwo Technology, the planned merger partner. Viwo is targeting the intersection of artificial intelligence, data analytics, and marketing technology in Asia, especially China. Potential strengths include an integrated technology stack (AI, big data, and cloud), a focus on tailored software solutions, and early work in emerging areas like virtual humans, metaverse-related systems, and generative AI tools for marketing. However, the market for AI and Martech is intensely crowded, with many domestic and global players, and public information on Viwo’s concrete market share, client depth, and proven results is still limited. That leaves its true competitive standing uncertain until there is more evidence of successful deployments, reference customers, and repeat business.

Innovation and R&D

Innovation and R&D The real innovation angle is Viwo’s, not FVN’s. Viwo emphasizes advanced AI applications, big data analytics, digital-twin style virtual humans, metaverse platforms, and generative AI for voice and images. The company also highlights proprietary software and patents, suggesting it is not simply repackaging off-the-shelf tools. In principle, this positions Viwo to offer differentiated, customized marketing and digital-transformation solutions. The main open questions are how much of this is already commercialized, how deeply clients are using these tools, and how disciplined Viwo is in prioritizing its research and development. With so many buzzword-heavy areas (metaverse, AIGC, virtual humans), the key will be separating genuine, monetizable innovation from experimental or promotional projects that may not yet generate sustainable revenue.

Summary

FVN today is best viewed as a financial shell preparing to merge with Viwo Technology, rather than as a stand-alone operating company. Its historical financials are minimal and do not reveal much about future performance. The real story starts only if and when the Viwo deal closes. At that point, the key questions will be: how strong Viwo’s client relationships are, whether its AI and Martech tools can win repeat, high-value business, how quickly it can grow without burning too much cash, and how well it navigates a competitive and regulatory environment in China and beyond. Until detailed post-merger financials and operating metrics are available, the picture remains highly uncertain: there is clear strategic ambition and an innovation-focused narrative, but limited hard public evidence yet of scale, profitability, or durable market leadership.