PELIR
PELIR
Pelican Acquisition Corporation RightIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $375.26K ▲ | $514.64K ▲ | 0% | $0.04 ▲ | $-375.26K ▼ |
| Q2-2025 | $0 | $331.25K ▲ | $307.41K ▲ | 0% | $0.03 ▲ | $-331.25K ▼ |
| Q1-2025 | $0 | $19.94K | $-19.55K | 0% | $-0.01 | $-19.94K |
What's going well?
The company managed to report a net profit, thanks to a large amount of 'other' income. No interest or tax burden, so cash burn is limited to operating costs.
What's concerning?
There is still zero revenue, operating losses are growing, and net profit is only due to non-core items. The big jump in share count dilutes existing shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $220 ▼ | $88.05M ▲ | $311.25K ▲ | $-31.25K ▼ |
| Q2-2025 | $252.24K ▼ | $87.31M ▲ | $83.98K ▼ | $342.92K ▲ |
| Q1-2025 | $499.61K | $670.57K | $703.34K | $-32.77K |
What's financially strong about this company?
The company has no debt, and its assets are mostly tangible investments with no risky goodwill or intangibles.
What are the financial risks or weaknesses?
PELIR is nearly out of cash, can't cover its short-term bills, and now has negative equity. The sharp decline from last quarter is a major red flag.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $514.64K ▲ | $-367.83K ▲ | $0 ▲ | $115.81K ▼ | $-252.02K ▼ | $-367.83K ▲ |
| Q2-2025 | $307.41K ▲ | $-420.43K ▼ | $-86.25M ▼ | $86.42M ▲ | $-247.37K ▼ | $-420.43K ▼ |
| Q1-2025 | $-19.55K | $-39.66K | $0 | $480.2K | $440.53K | $-39.66K |
What's strong about this company's cash flow?
The cash burn is shrinking quarter over quarter, and capital needs are very low. If the company can turn operations positive, it could quickly improve its cash situation.
What are the cash flow concerns?
PELIR is running out of cash, burning $368K this quarter with only $220 left. The business can't sustain itself and must keep raising money, which dilutes shareholders.
About Pelican Acquisition Corporation Right
https://pelicanacq.com/Pelican Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in technology industry. The company was incorporated in 2024 and is based in New York, New York.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $375.26K ▲ | $514.64K ▲ | 0% | $0.04 ▲ | $-375.26K ▼ |
| Q2-2025 | $0 | $331.25K ▲ | $307.41K ▲ | 0% | $0.03 ▲ | $-331.25K ▼ |
| Q1-2025 | $0 | $19.94K | $-19.55K | 0% | $-0.01 | $-19.94K |
What's going well?
The company managed to report a net profit, thanks to a large amount of 'other' income. No interest or tax burden, so cash burn is limited to operating costs.
What's concerning?
There is still zero revenue, operating losses are growing, and net profit is only due to non-core items. The big jump in share count dilutes existing shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $220 ▼ | $88.05M ▲ | $311.25K ▲ | $-31.25K ▼ |
| Q2-2025 | $252.24K ▼ | $87.31M ▲ | $83.98K ▼ | $342.92K ▲ |
| Q1-2025 | $499.61K | $670.57K | $703.34K | $-32.77K |
What's financially strong about this company?
The company has no debt, and its assets are mostly tangible investments with no risky goodwill or intangibles.
What are the financial risks or weaknesses?
PELIR is nearly out of cash, can't cover its short-term bills, and now has negative equity. The sharp decline from last quarter is a major red flag.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $514.64K ▲ | $-367.83K ▲ | $0 ▲ | $115.81K ▼ | $-252.02K ▼ | $-367.83K ▲ |
| Q2-2025 | $307.41K ▲ | $-420.43K ▼ | $-86.25M ▼ | $86.42M ▲ | $-247.37K ▼ | $-420.43K ▼ |
| Q1-2025 | $-19.55K | $-39.66K | $0 | $480.2K | $440.53K | $-39.66K |
What's strong about this company's cash flow?
The cash burn is shrinking quarter over quarter, and capital needs are very low. If the company can turn operations positive, it could quickly improve its cash situation.
What are the cash flow concerns?
PELIR is running out of cash, burning $368K this quarter with only $220 left. The business can't sustain itself and must keep raising money, which dilutes shareholders.
CEO
Robert L. Labbe
Compensation Summary
(Year )
Ratings Snapshot
Rating : C