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NAACU (North Atlantic Acquisition) Net Income : $15.67 Mil (TTM As of Sep. 2022)


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What is North Atlantic 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. North Atlantic Acquisition's Net Income for the three months ended in Sep. 2022 was $3.17 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was $15.67 Mil.

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


North Atlantic Acquisition Net Income Historical Data

The historical data trend for North Atlantic 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.

* Premium members only.

North Atlantic Acquisition Net Income Chart

North Atlantic Acquisition Annual Data
Trend Dec20 Dec21
Net Income
- 6.67

North Atlantic Acquisition Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Net Income Get a 7-Day Free Trial 6.58 -0.92 9.12 4.29 3.17

North Atlantic 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

North Atlantic 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
=6.669+0+0+0
=6.67

North Atlantic 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
=3.167+0+0+0
=3.17

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 $15.67 Mil.

* 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.


North Atlantic Acquisition  (NAS:NAACU) 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:

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

* 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.

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.


North Atlantic Acquisition Net Income Related Terms

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North Atlantic Acquisition Business Description

Traded in Other Exchanges
N/A
Address
1345 Avenue of the Americas, c/o Ellenoff Grossman & Schole LLP, New York, NY, USA, 10105
North Atlantic Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
Tamara Sakovska director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Andrew Morgan director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Mark Keating officer: Chief Financial Officer 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Gary Quin director, officer: Chief Executive Officer 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Dimitri Panayotopoulos director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Patrick Joseph Dolan director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Naac Sponsor Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105

North Atlantic Acquisition Headlines

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