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HHGCW

HHG Capital Corporation

HHGCW

HHG Capital Corporation • NASDAQ
$0.01 ▼ -11.29% (-0.00)
No price data available
Market Cap $29491
52w High $0.01
52w Low $0.01
Dividend Yield 0%
P/E -0.05612244897959184
Volume 1
Outstanding Shares 5.36M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2024 $468.567K ▲ $110.533K ▲ $358.034K ▼ 76.41% ▼ $0.071 ▼ $-110.997K ▼
Q4-2023 $303.638K ▼ $95.287K ▼ $418.351K ▼ 137.78% ▲ $0.083 ▼ $0 ▼
Q3-2023 $873.381K ▲ $171.43K ▼ $491.951K ▲ 56.327% ▲ $0.097 ▲ $430 ▲
Q2-2023 $402.367K ▲ $204.379K ▲ $197.988K ▼ 49.206% ▼ $0.039 ▲ $379 ▲
Q1-2023 $346.336K $82.045K $286.493K 82.721% $-0.016 $0

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2024 $32.172K ▲ $36.504M ▲ $2.147M ▲ $34.357M ▲
Q4-2023 $16.014K ▲ $35.938M ▲ $1.939M ▲ $33.999M ▲
Q3-2023 $6.546K ▼ $35.288M ▲ $1.817M ▼ $33.471M ▲
Q2-2023 $39.384K ▼ $35.223M ▲ $1.883M ▲ $33.34M ▲
Q1-2023 $193.927K $34.97M $1.828M $33.142M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2024 $358.034K ▼ $-69.886K ▲ $-23.956K ▼ $110K ▼ $16.158K ▲ $-69.886K ▲
Q4-2023 $418.351K ▼ $-127.173K ▼ $-23.643K ▼ $159.894K ▲ $9.468K ▲ $-127.173K ▼
Q3-2023 $491.951K ▲ $13.308K ▲ $335.078K ▲ $-381.224K ▼ $-32.838K ▲ $13.308K ▲
Q2-2023 $197.988K ▼ $-157.302K ▼ $-27.241K ▼ $30K $-154.543K ▼ $-157.302K ▼
Q1-2023 $264.291K $-137.702K $-27.24K $30K $-134.942K $-137.702K

Five-Year Company Overview

Income Statement

Income Statement HHG Capital is essentially a blank-check company, so its income statement is not that of a normal operating business. It shows no real revenue and only small swings around break-even earnings per share, which likely reflect listing costs, deal-related expenses, and interest income rather than ongoing business activity. In practical terms, the current income statement tells you almost nothing about the earning power of the future combined company; that will depend almost entirely on Perfect Hexagon once the merger is completed.

Balance Sheet

Balance Sheet The balance sheet is very small and simple, with modest assets and equity and no meaningful debt. This is typical for a SPAC: it holds limited assets outside of its trust and is designed as a temporary capital-raising vehicle rather than a fully fledged operating firm. The absence of leverage reduces financial risk at this stage, but it also means HHG by itself has little in the way of resources or hard assets. The real economic balance sheet investors will care about is that of Perfect Hexagon after the transaction closes.

Cash Flow

Cash Flow Reported cash flows are essentially flat, again reflecting that this is a shell entity with minimal operating activity. There is no visible pattern of cash generation, investment, or capital spending because HHG is not yet running a business; it is preparing to bring one public. Future cash flow dynamics—such as how much cash the combined company can generate from trading, financing, and logistics—will only become clear once Perfect Hexagon’s numbers are reported post-merger.

Competitive Edge

Competitive Edge On its own, HHG has no competitive position in the traditional sense; its purpose is to merge with a target. The relevant competitive story is Perfect Hexagon’s: it positions itself as a relationship-driven physical commodity trader with strong ties to major global trading houses and banks. Its edge appears to come from deep partnerships, access to capital, and the ability to design tailored financing and risk-management solutions rather than from proprietary technology. This can be powerful in a relationship-heavy industry, but it also makes the business heavily dependent on maintaining trust, credit lines, and counterparties in a highly competitive and cyclical market.

Innovation and R&D

Innovation and R&D There is little sign of classic research and development; the focus is more on financial and commercial innovation than on new technology. Perfect Hexagon appears to innovate through how it structures trade finance, shares profits with counterparties, and bundles trading, hedging, and logistics into client-specific solutions. Public details on systems, algorithms, or proprietary platforms are sparse, so it is unclear how differentiated its tools really are. Looking ahead, any move toward building or adopting more advanced trading and risk platforms, or expanding product coverage, would be key indicators of how seriously the combined company pursues innovation.

Summary

HHGCW represents a SPAC-linked security, so the current financials reflect a shell vehicle rather than a mature operating company. The income statement, balance sheet, and cash flows are all intentionally minimal and are not a good guide to future performance. The core story instead lies in the planned merger with Perfect Hexagon, a relationship-focused commodity trading and trade-finance business. Its strengths seem to be partner networks, capital access, and customized client solutions, while key uncertainties include deal completion, limited public disclosure, and exposure to commodity-market swings. The real evaluation will begin once the merger closes and the combined entity starts reporting full, transparent operating results.