QSEA
QSEA
Quartzsea Acquisition CorporationIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2025 | $0 | $727.75K ▲ | $-27.15K ▲ | 0% | $-0 ▼ | $-727.75K ▼ |
| Q1-2025 | $0 | $33.5K | $-31.25K | 0% | $-0 | $-33.5K |
What's going well?
The company earned significant interest income ($700,600), which helped offset its large operating loss. Net loss actually shrank slightly compared to last quarter.
What's concerning?
There is still no revenue, and operating expenses exploded this quarter, leading to a much bigger operating loss. The business is not generating sales and is relying on interest income to soften the losses.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $654.16K ▲ | $84.29M ▲ | $3.57M ▲ | $80.71M ▲ |
| Q1-2025 | $208.06K | $492.95K | $509.37K | $-16.42K |
What's financially strong about this company?
The company paid off all its debt, has a large cash cushion, and now boasts over $80 million in equity. Its current assets easily cover all short-term bills, and there are no hidden liabilities.
What are the financial risks or weaknesses?
Retained earnings are still negative, showing past losses. The big jump in equity came from issuing a huge number of new shares, which may have diluted existing shareholders.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-27.15K ▲ | $-613.08K ▼ | $-83.4M ▼ | $83.85M ▲ | $-158.94K ▼ | $-613.08K ▼ |
| Q1-2025 | $-31.25K | $-8.05K | $0 | $-94.89K | $-102.94K | $-8.05K |
What's strong about this company's cash flow?
The company was able to raise a large amount of cash from financing activities this quarter, which temporarily boosted its cash position. No dilution or debt was added, so existing shareholders weren't diluted.
What are the cash flow concerns?
Cash burn from operations exploded this quarter, and the company now relies on outside funding to keep the lights on. With only $49,122 left in cash, the runway is extremely short unless more money is raised.
About Quartzsea Acquisition Corporation
https://quartzsea.com/Quartzsea 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. 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 |
|---|---|---|---|---|---|---|
| Q2-2025 | $0 | $727.75K ▲ | $-27.15K ▲ | 0% | $-0 ▼ | $-727.75K ▼ |
| Q1-2025 | $0 | $33.5K | $-31.25K | 0% | $-0 | $-33.5K |
What's going well?
The company earned significant interest income ($700,600), which helped offset its large operating loss. Net loss actually shrank slightly compared to last quarter.
What's concerning?
There is still no revenue, and operating expenses exploded this quarter, leading to a much bigger operating loss. The business is not generating sales and is relying on interest income to soften the losses.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $654.16K ▲ | $84.29M ▲ | $3.57M ▲ | $80.71M ▲ |
| Q1-2025 | $208.06K | $492.95K | $509.37K | $-16.42K |
What's financially strong about this company?
The company paid off all its debt, has a large cash cushion, and now boasts over $80 million in equity. Its current assets easily cover all short-term bills, and there are no hidden liabilities.
What are the financial risks or weaknesses?
Retained earnings are still negative, showing past losses. The big jump in equity came from issuing a huge number of new shares, which may have diluted existing shareholders.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-27.15K ▲ | $-613.08K ▼ | $-83.4M ▼ | $83.85M ▲ | $-158.94K ▼ | $-613.08K ▼ |
| Q1-2025 | $-31.25K | $-8.05K | $0 | $-94.89K | $-102.94K | $-8.05K |
What's strong about this company's cash flow?
The company was able to raise a large amount of cash from financing activities this quarter, which temporarily boosted its cash position. No dilution or debt was added, so existing shareholders weren't diluted.
What are the cash flow concerns?
Cash burn from operations exploded this quarter, and the company now relies on outside funding to keep the lights on. With only $49,122 left in cash, the runway is extremely short unless more money is raised.
CEO
Qi Gong
Compensation Summary
(Year )
Ratings Snapshot
Rating : D+
Price Target
Institutional Ownership
KARPUS MANAGEMENT, INC.
Shares:2.28M
Value:$23.47M
MIZUHO SECURITIES USA LLC
Shares:676.75K
Value:$6.98M
WOLVERINE ASSET MANAGEMENT LLC
Shares:602.51K
Value:$6.21M
Summary
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