JENA
JENA
Jena Acquisition Corporation IIIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $132.13K ▼ | $2.29M ▲ | 0% | $0.08 ▲ | $0 ▲ |
| Q2-2025 | $0 | $7M ▲ | $-6.24M ▼ | 0% | $-0.47 ▼ | $-7M ▼ |
| Q1-2025 | $0 | $33.08K | $-33.08K | 0% | $-0.01 | $0 |
What's going well?
The company reported a profit after a big loss last quarter, and operating losses shrank sharply. This could signal improved cost control or a step toward stability.
What's concerning?
There is still no revenue, profits came only from non-operating income, and the share count jumped by 75%, diluting shareholders. The business remains unproven and heavily reliant on unusual items.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $1.19M ▲ | $232.24M ▲ | $13.93M ▲ | $218.32M ▲ |
| Q1-2025 | $0 | $50.97K | $59.05K | $-8.08K |
What's financially strong about this company?
JENA now has no debt, lots of cash, and a massive equity base. The company can easily pay all its bills and has almost all assets in safe, liquid investments. The balance sheet is extremely clean and low-risk.
What are the financial risks or weaknesses?
Retained earnings are still negative, showing a history of losses. The dramatic change is likely due to a huge capital raise, not business profits, so future performance depends on how wisely the new funds are used.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-6.24M ▼ | $-347.62K ▼ | $-230M ▼ | $231.53M ▲ | $1.19M ▲ | $-347.62K ▼ |
| Q1-2025 | $-33.08K | $0 | $0 | $0 | $0 | $0 |
What's strong about this company's cash flow?
The company was able to raise a large amount of cash ($232M) by issuing new shares, giving it some breathing room for now. Working capital changes also temporarily helped cash flow.
What are the cash flow concerns?
Core business is losing money and burning cash, with no sign of self-sustaining operations. Heavy reliance on selling new shares causes major dilution and is not a long-term solution.
About Jena Acquisition Corporation II
Jena Acquisition Corp. II operates as a blank check company. The company was founded by William P. Foley, II and Richard N. Massey on February 24, 2025 and is headquartered in Las Vegas, NV.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $132.13K ▼ | $2.29M ▲ | 0% | $0.08 ▲ | $0 ▲ |
| Q2-2025 | $0 | $7M ▲ | $-6.24M ▼ | 0% | $-0.47 ▼ | $-7M ▼ |
| Q1-2025 | $0 | $33.08K | $-33.08K | 0% | $-0.01 | $0 |
What's going well?
The company reported a profit after a big loss last quarter, and operating losses shrank sharply. This could signal improved cost control or a step toward stability.
What's concerning?
There is still no revenue, profits came only from non-operating income, and the share count jumped by 75%, diluting shareholders. The business remains unproven and heavily reliant on unusual items.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $1.19M ▲ | $232.24M ▲ | $13.93M ▲ | $218.32M ▲ |
| Q1-2025 | $0 | $50.97K | $59.05K | $-8.08K |
What's financially strong about this company?
JENA now has no debt, lots of cash, and a massive equity base. The company can easily pay all its bills and has almost all assets in safe, liquid investments. The balance sheet is extremely clean and low-risk.
What are the financial risks or weaknesses?
Retained earnings are still negative, showing a history of losses. The dramatic change is likely due to a huge capital raise, not business profits, so future performance depends on how wisely the new funds are used.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-6.24M ▼ | $-347.62K ▼ | $-230M ▼ | $231.53M ▲ | $1.19M ▲ | $-347.62K ▼ |
| Q1-2025 | $-33.08K | $0 | $0 | $0 | $0 | $0 |
What's strong about this company's cash flow?
The company was able to raise a large amount of cash ($232M) by issuing new shares, giving it some breathing room for now. Working capital changes also temporarily helped cash flow.
What are the cash flow concerns?
Core business is losing money and burning cash, with no sign of self-sustaining operations. Heavy reliance on selling new shares causes major dilution and is not a long-term solution.
CEO
Richard N. Massey
Compensation Summary
(Year )
Ratings Snapshot
Rating : D+
Price Target
Institutional Ownership
LINDEN ADVISORS LP
Shares:1.55M
Value:$15.95M
CENTIVA CAPITAL, LP
Shares:1.14M
Value:$11.68M
TENOR CAPITAL MANAGEMENT CO., L.P.
Shares:1M
Value:$10.29M
Summary
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