The company has failed to generate operational revenue in nine of the last ten quarters, with net income volatility frequently decoupled from underlying business performance.
| Sales/Revenue | 1.83M | - | - | - | - |
| Revenue Growth % | - | - | - | - | - |
| Cost of Goods Sold | 0 | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - |
| Gross Profit | 915.53K | 0 | -1.19M | 0 | 0 |
| Gross Margin % | 50% | - | - | - | - |
| Gross Profit Growth % | - | 100% | - | - | - |
| Operating Expenses | 892.52K | 1.57M | 1.45M | 784 | 27.05K |
| OpEx % of Revenue | - | - | - | - | - |
| Selling, General & Admin | 644.27K | 0 | 1.45M | 0 | 0 |
| SG&A % of Revenue | - | - | - | - | - |
| Research & Development | 0 | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 0 | - | - | - | - |
| Operating Income | -840.34K | -1.57M | -2.64M | -784 | -27 |
| Operating Margin % | -45.9% | - | - | - | - |
| Operating Income Growth % | - | 40.67% | -336507.14% | -2797.91% | - |
| EBITDA | 2.8M | 1.83M | 2.37M | -784 | -27.05K |
| EBITDA Margin % | 152.84% | - | - | - | - |
| EBITDA Growth % | 280.44% | -22.79% | 302013.27% | 97.1% | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 5.01M | 0 | 0 |
| EBIT | 2.47M | 1.83M | 2.37M | 0 | 11K |
| Net Interest Income | 1.3M | 3.39M | 0 | 0 | 0 |
| Interest Income | 1.3M | 3.39M | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 0 | - | - | - | - |
| Pretax Income | 459.33K | 1.83M | 1.94M | -784 | -27.05K |
| Pretax Margin % | 25.09% | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% |
| Net Income | 459.33K | 1.5M | 1.94M | -784 | -27.05K |
| Net Margin % | 25.09% | - | - | - | - |
| Net Income Growth % | -68.55% | -22.77% | 247676.53% | 97.1% | - |
| Net Income (Continuing) | 459.33K | 1.83M | 1.94M | -784 | -27.05K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.34 | 0.27 | 0.26 | -0.00 | -0.00 |
| EPS Growth % | -95.94% | 3.05% | - | - | - |
| EPS (Basic) | - | 0.27 | 0.26 | -0.00 | -0.00 |
| Diluted Shares Outstanding | 1.34M | 6.88M | 9.03M | 9.03M | 9.03M |
| Basic Shares Outstanding | 1.34M | 6.88M | 9.03M | 9.03M | 9.03M |
| Dividend Payout Ratio | - | - | - | - | - |
Imminent Liquidation Deadline Risk
As reported in financial statements, AlphaTime Acquisition Corp has generated zero operational revenue across the majority of the last ten quarters, confirming its status as a pre-combination shell entity that relies exclusively on external capital infusions to sustain its ongoing administrative and regulatory search functions.
The absence of revenue is consistent with the SPAC business model, yet the lack of a clear deal trajectory suggests that the entity remains in a state of perpetual dormancy. Investors should monitor whether the sponsor can identify a viable target before the liquidation clock expires, as the current revenue profile offers no organic growth potential.
Based on reported figures, the company's cost structure is characterized by recurring administrative and professional fees, which have depleted operating cash to a nominal $1,425, necessitating frequent reliance on sponsor-provided promissory notes to maintain the entity's public listing and ongoing regulatory compliance requirements.
The reliance on sponsor support to cover basic operating costs indicates a precarious liquidity position that leaves little room for error. This cost structure appears to be entirely fixed, meaning that any delay in the merger process directly increases the financial burden on the sponsor without providing any operational benefit to shareholders.
According to recent SEC filings, the reported net income figures for ATMC are frequently decoupled from operational reality, as non-operating items and accounting adjustments create volatility that masks the underlying cash burn inherent in the company's current phase as a pre-combination blank-check vehicle.
The fluctuations in net income appear to be driven by accounting treatments rather than business performance, which warrants caution for investors attempting to gauge the entity's health. These non-cash items may obscure the true economic cost of maintaining the shell, making it difficult to assess the sponsor's efficiency in managing the search process.
As indicated by the company's financial data, the combination of a near-zero cash balance and the absence of a definitive merger agreement suggests that the risk of liquidation is rising, potentially rendering the current equity valuation disconnected from the underlying net asset value of the trust.
Short-term market participants may be ignoring the reality that the sponsor's ability to source a deal is unproven, and the current cash position leaves the entity vulnerable to any unexpected regulatory or legal costs. Investors should consider that the time-value of capital is eroding rapidly as the deadline for a business combination approaches without a clear path to execution.
Quick answers to the most common questions about buying ATMC stock.
AlphaTime Acquisition Corp (ATMC) is profitable, generating $1.5M in net income for the fiscal year ending 2024.