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KACL Nasdaq· Kairous Acquisition Corp Ltd
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KACL Nasdaq· Kairous Acquisition Corp Ltd
Earnings report Q3 2023

Kairous Acquisition Corp. Limited Reports No Revenue in Latest Quarter

Segments of revenue

Kairous Acquisition Corp. Limited reported no revenue in the latest quarter, with a total of $0. This is consistent with the previous year's quarter, where the company also did not generate any revenue.

Strengths

Despite the lack of revenue, Kairous Acquisition Corp. Limited managed to control its expenses effectively. The company's total expenses for the quarter amounted to $357,484, which is a decrease from the previous year's quarter expenses of $196,308. This reduction in expenses demonstrates the company's ability to manage its costs efficiently.

Challenges

The main weakness for Kairous Acquisition Corp. Limited is the absence of revenue. The company's inability to generate any revenue raises concerns about its ability to sustain its operations and achieve profitability in the future. Without a revenue stream, the company heavily relies on its investments held in the Trust Account to generate income.

Noteworthy

It is worth noting that Kairous Acquisition Corp. Limited earned $299,669 in other income during the quarter. This income was primarily derived from interest income and income earned on investments held in the Trust Account. While this income partially offsets the company's expenses, it is not sufficient to compensate for the lack of revenue.

Summary

Kairous Acquisition Corp. Limited reported no revenue in the latest quarter, similar to the previous year's quarter. The company managed to control its expenses effectively, but the absence of revenue remains a significant challenge. Kairous Acquisition Corp. Limited heavily relies on its investments held in the Trust Account to generate income, which raises concerns about its long-term sustainability and profitability.

Source documents

Form 10-Q  filed on Nov 17, 2023
11 pages scanned

Reference data

Company financials Q3 revenue 0
Analyst estimates Q3 EPS missed by 0.00%
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