The company has maintained zero revenue across all ten reported quarters, while SG&A expenses have surged to $196.7K in 2026Q1 from $20.4K in 2024Q1.
| Sales/Revenue | 0 | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - |
| Cost of Goods Sold | 0 | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - |
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Margin % | - | - | - | - | - | - |
| Gross Profit Growth % | - | - | - | - | - | - |
| Operating Expenses | 672.32K | 646.31K | 246.14K | 184.37K | 151.79K | 24.19K |
| OpEx % of Revenue | - | - | - | - | - | - |
| Selling, General & Admin | 672.32K | 646.31K | 246.14K | 184.37K | 151.79K | 24.19K |
| SG&A % of Revenue | - | - | - | - | - | - |
| Research & Development | 0 | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 0 | - | - | - | - | - |
| Operating Income | -672.32K | -646.31K | -246.14K | -184K | -151.79K | -24.19K |
| Operating Margin % | - | - | - | - | - | - |
| Operating Income Growth % | - | -162.58% | -33.77% | -21.22% | -527.53% | - |
| EBITDA | 57.3K | -646.31K | 64.76K | -184K | -152K | 0 |
| EBITDA Margin % | - | - | - | - | - | - |
| EBITDA Growth % | -82.6% | -1098.03% | 135.19% | -21.05% | - | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 0 | 0 | 24.19K |
| EBIT | 57.3K | -646.31K | 64.76K | -184K | -152K | -24.19K |
| Net Interest Income | 2.05M | 2.88M | 309.81K | 0 | 0 | 0 |
| Interest Income | 2.05M | 2.88M | 310.9K | 0 | 0 | 0 |
| Interest Expense | 2.33K | 4.95K | 1.09K | 0 | 0 | 0 |
| Other Income/Expense | 0 | - | - | - | - | - |
| Pretax Income | 2.11M | 2.23M | 63.67K | -184K | -152K | -24.19K |
| Pretax Margin % | - | - | - | - | - | - |
| Income Tax | 559.52K | 579.27K | 61.04K | 0 | 0 | 0 |
| Effective Tax Rate % | 26.46% | 25.96% | 95.87% | 0% | 0% | 0% |
| Net Income | 1.56M | 1.65M | 2.63K | -184K | -152K | -24.19K |
| Net Margin % | - | - | - | - | - | - |
| Net Income Growth % | 262.13% | 62679.64% | 101.43% | -21.05% | -528.41% | - |
| Net Income (Continuing) | 1.56M | 1.65M | 2.63K | -184K | -152K | -24.19K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.23 | 0.17 | 0.00 | -0.09 | -0.02 | -0.01 |
| EPS Growth % | 290.63% | - | 100.33% | -408.29% | -49.59% | - |
| EPS (Basic) | - | 0.17 | 0.00 | -0.09 | -0.02 | -0.01 |
| Diluted Shares Outstanding | 6.9M | 6.9M | 8.37M | 2M | 2M | 2M |
| Basic Shares Outstanding | 6.9M | 6.9M | 8.37M | 2M | 2M | 2M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Imminent capital depletion risk
As indicated by the historical income statement data, NOEMU has maintained zero revenue across all ten reported quarters, confirming its status as a pre-operational shell entity that remains entirely dependent on the successful execution of a business combination to initiate any form of commercial activity or growth.
The lack of revenue is consistent with the company's structure as a special purpose acquisition vehicle. Investors should note that the absence of top-line growth is not an operational failure but a structural reality, meaning the company's trajectory is binary rather than incremental.
According to the most recent quarterly filings, SG&A expenses have surged to $196.7K in 2026Q1, representing a significant increase from the $20.4K reported in 2024Q1, which suggests that the costs of maintaining public status and pursuing acquisition targets are accelerating as the company nears its liquidation deadline.
The sharp rise in SG&A expenses likely reflects increased professional fees related to due diligence and regulatory compliance. This trend warrants close monitoring, as the company's limited cash reserves may be insufficient to sustain these rising costs for an extended period without external capital support.
Financial statements reveal that NOEMU reported positive net income of $309.2K in 2026Q1 despite zero revenue, a phenomenon driven by non-operating items such as the mark-to-market valuation of derivative warrant liabilities rather than any underlying operational profitability or core business performance improvements.
Investors should be cautious when interpreting these net income figures, as they do not reflect cash-generating capability. The volatility in these non-cash adjustments can create a misleading impression of financial health, masking the underlying reality of a company that is currently consuming its limited working capital.
Based on reported figures, the company's cash position of $287,601 appears insufficient to cover the current quarterly burn rate of approximately $196.7K, suggesting that NOEMU may face a liquidity crisis if a definitive merger agreement is not secured in the immediate future to provide necessary capital.
The disparity between the current cash balance and the rising administrative costs implies that the company is operating on a very thin margin of safety. This situation may force management into a suboptimal deal structure or necessitate dilutive financing, both of which could negatively impact shareholder value.
Quick answers to the most common questions about buying NOEMU stock.
CO2 Energy Transition Corp. Unit (NOEMU) is profitable, generating $1.7M in net income for the fiscal year ending 2025.