Inflection Point Acquisition (Inflection Point Acquisition) Net Income : $-0.95 Mil (TTM As of Sep. 2022)

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What is Inflection Point Acquisition Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Inflection Point Acquisition's Net Income for the three months ended in Sep. 2022 was $-0.52 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was $-0.95 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Inflection Point Acquisition's Earnings per Share (Diluted) for the three months ended in Sep. 2022 was $-0.01.

Inflection Point Acquisition Net Income Historical Data

The historical data trend for Inflection Point Acquisition's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Inflection Point Acquisition Net Income Chart

Inflection Point Acquisition Annual Data

Trend

Dec21

Net Income

Inflection Point Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Net Income	Get a 7-Day Free Trial			-0.05	-	-0.32	-0.11	-0.52

Inflection Point Acquisition Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Inflection Point Acquisition's Net Income for the fiscal year that ended in Dec. 2021 is calculated as

	Net Income		(A: Dec. 2021 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	0	+	0	+	0	+	0
=	0.00

Inflection Point Acquisition's Net Income for the quarter that ended in Sep. 2022 is calculated as

	Net Income		(Q: Sep. 2022 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-0.521	+	0	+	0	+	0
=	-0.52

Net Income for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.95 Mil.

Inflection Point Acquisition (NAS:IPAX) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Inflection Point Acquisition's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2022 is calculated as

Earnings per Share (Diluted) (Q: Sep. 2022 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(-0.521	-	0)	/	41.219
	=	-0.01

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

Inflection Point Acquisition Net Income Related Terms

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Inflection Point Acquisition (Inflection Point Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Inflection Point Acquisition Corp (NAS:IPAX) » Definitions » Net Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 East 51st Street, 5th Floor, New York, NY, USA, 10022

Website

https://www.inflectionpointacquisition.com

Inflection Point Acquisition Corp is a blank check company.

Executives

Erin Clift	director	C/O INFLECTION POINT ACQUISITION CORP., 34 EAST 51ST STREET, 5TH FLOOR, NEW YORK NY 10022
Kingstown Capital Partners, Llc	director, other: See Remarks	535 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
Kingstown 1740 Fund L.p.	director, other: See Remarks	34 EAST 51ST STREET, 5TH FLOOR, NEW YORK NY 10022
Guy Shanon	director, 10 percent owner, officer: Co-Chief Executive Officer	1270 BROADWAY, SUITE 1009, NEW YORK NY 10001
Michael Blitzer	director, 10 percent owner, officer: Co-Chief Executive Officer	1270 BROADWAY, SUITE 1009, NEW YORK NY 10001
Kingstown Capital Management L.p.	10 percent owner, other: See Remarks	167 MADISON AVENUE, SUITE 205 #1033, NEW YORK NY 10016
Kingstown Management Gp Llc	10 percent owner, other: See Remarks	1270 BROADWAY, SUITE 1009, NEW YORK NY 10001
Paula Sutter	director	969 BROADWAY, SUITE 200, OAKLAND CA 94607
Inflection Point Holdings Llc	10 percent owner, other: See Remarks	34 EAST 51ST STREET, 5TH FLOOR, NEW YORK NY 10022
Brian Pitz	director, officer: Chief Financial Officer	P.O. BOX 2158, AMTECH CAPITAL PARTNERS LLC, AMAGANSETT NY 11930
Nicholas Shekerdemian	director	201 EAST 21ST STREET, NEW YORK NY 10010