The company lacks a sustainable business model, evidenced by zero revenue generation in nine of the last ten quarters and quarterly operating losses frequently exceeding $500,000.
| Sales/Revenue | 4.21M | - | - | - |
| Revenue Growth % | - | - | - | - |
| Cost of Goods Sold | 0 | - | - | - |
| COGS % of Revenue | - | - | - | - |
| Gross Profit | 2.11M | 0 | -1.03M | 0 |
| Gross Margin % | 50.01% | - | - | - |
| Gross Profit Growth % | - | 100% | - | - |
| Operating Expenses | 2.27M | 2M | 762.65K | 66.56K |
| OpEx % of Revenue | - | - | - | - |
| Selling, General & Admin | 457.56K | -2.75M | 762.65K | 66.56K |
| SG&A % of Revenue | - | - | - | - |
| Research & Development | 0 | - | - | - |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | 0 | - | - | - |
| Operating Income | -1.5M | -2M | -763K | -66.56K |
| Operating Margin % | -35.58% | - | - | - |
| Operating Income Growth % | - | -162.78% | -1046.33% | - |
| EBITDA | -928.16K | 139.82K | 969.18K | 161.93K |
| EBITDA Margin % | -22.02% | - | - | - |
| EBITDA Growth % | -108% | -85.57% | 498.54% | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 228.49K |
| EBIT | -928.16K | 139.82K | 969.18K | -66.3K |
| Net Interest Income | 3.88M | 2.15M | 1.69M | 253 |
| Interest Income | 4.31M | 2.15M | 1.69M | 253 |
| Interest Expense | 0 | 0 | 0 | 0 |
| Other Income/Expense | 0 | - | - | - |
| Pretax Income | -206.91K | 191.54K | 969.18K | -66.3K |
| Pretax Margin % | -4.91% | - | - | - |
| Income Tax | 0 | 191.54K | 0 | 0 |
| Effective Tax Rate % | 0% | 100% | 0% | 0% |
| Net Income | -234.22K | 139.82K | 1.31M | -66.3K |
| Net Margin % | -5.56% | - | - | - |
| Net Income Growth % | -143.3% | -89.31% | 2072.79% | - |
| Net Income (Continuing) | -133.57K | 139.82K | 969.18K | -66.3K |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.07 | 0.04 | 0.13 | -0.04 |
| EPS Growth % | -309.73% | -72.54% | 421.78% | - |
| EPS (Basic) | - | 0.04 | 0.73 | 0.00 |
| Diluted Shares Outstanding | 3.58M | 5.36M | 7.53M | 1.64M |
| Basic Shares Outstanding | 3.58M | 5.36M | 1.78M | 0 |
| Dividend Payout Ratio | - | - | - | - |
Imminent Liquidation Deadline Risk
As indicated by the provided financial statements, OAKU has generated zero revenue across nearly all reported periods, with the exception of a singular $4.2 million entry in 2024Q4, confirming its status as a pre-combination shell entity lacking any recurring business activity or organic growth trajectory.
The lack of consistent revenue underscores the company's reliance on identifying a suitable acquisition target to initiate operations. Investors should interpret the 2024Q4 revenue spike as an anomaly rather than a trend, as the firm remains fundamentally a vehicle for capital deployment rather than a commercial enterprise.
According to the reported income statement data, the company consistently incurs administrative and operating expenses despite having no core business, with quarterly operating losses frequently exceeding $500,000, which highlights the high cost of maintaining a public shell structure without a finalized business combination.
The persistent operating losses suggest that the sponsor is absorbing significant costs to keep the entity viable. This expense discipline warrants close monitoring, as the limited cash reserves may necessitate further sponsor support or external financing to avoid premature liquidation.
Based on the financial filings, net income figures appear highly volatile and disconnected from operational performance, with quarterly fluctuations often driven by non-operating items rather than core business results, as evidenced by the erratic swings between positive and negative net income across the ten-quarter period.
These earnings fluctuations likely reflect interest income from the trust account or adjustments to warrant liabilities rather than underlying profitability. Analysts should treat these net income figures as accounting artifacts that provide little insight into the company's actual economic value or future earnings potential.
As reported in the financial data, the combination of persistent operating losses and the passage of time since the 2022 incorporation suggests that the company is approaching a critical juncture where the risk of liquidation may significantly outweigh the potential for a successful business combination.
The scarcity of deal-related news and the minimal operating cash balance suggest that the sponsor may be struggling to secure a viable target. Investors should consider the possibility that the entity will be forced to return capital to shareholders if a merger is not finalized shortly.
Quick answers to the most common questions about buying OAKU stock.
Oak Woods Acquisition Corporation (OAKU) is profitable, generating $0.1M in net income for the fiscal year ending 2024.