FNVT Financial Statements

Balance sheet, income statement, cash flow, and dividends for Finnovate Acquisition Corp (FNVT).


$100.58M Market Cap.

As of 04/01/2024 5:00 PM ET (MRY) • Disclaimer

FNVT Market Cap. (MRY)


FNVT Shares Outstanding (MRY)


FNVT Assets (MRY)


Total Assets

$51.24M

Total Liabilities

$2.83M

Total Investments

$51.20M

FNVT Income (MRY)


Revenue

$0

Net Income

$2.49M

Operating Expense

$1.99M

FNVT Cash Flow (MRY)


CF Operations

-$786.64K

CF Investing

$131.82M

CF Financing

-$131.27M

FNVT Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2023

$0

0%

0%

0%

-

2022

$0

0%

0%

0%

-

2021

$0

0%

-

0%

-

FNVT Balance Sheet (MRY)


Metric

2023

2022

2021

Total Assets

$51,237,770 (-71.39%)

$179,089,740 (0.82%)

$177,633,484

Assets Current

$37,426 (-93.30%)

$558,681 (-59.50%)

$1,379,299

Assets Non-Current

$51,200,344 (-71.32%)

$178,531,059 (1.29%)

$176,254,185

Goodwill & Intangible Assets

$0 (0%)

$0 (0%)

$0

Shareholders Equity

-$2,796,882 (-514.23%)

-$455,349 (-144.86%)

$1,015,088

Property Plant & Equipment Net

$0 (0%)

$0 (0%)

$0

Cash & Equivalents

$37 (-99.98%)

$244,179 (-75.87%)

$1,011,771

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0

Deferred Revenue

$0 (0%)

$0 (0%)

$0

Total Investments

$51,200,344 (-71.32%)

$178,531,059 (1.47%)

$175,952,102

Investments Current

$0 (0%)

$0 (0%)

$0

Investments Non-Current

$51,200,344 (-71.32%)

$178,531,059 (1.47%)

$175,952,102

Inventory

$0 (0%)

$0 (0%)

$0

Trade & Non-Trade Receivables

$0 (0%)

$0 (0%)

$0

Trade & Non-Trade Payables

$1,491,805 (164.38%)

$564,265 (228.56%)

$171,737

Accumulated Retained Earnings (Deficit)

-$2,797,328 (-513.73%)

-$455,795 (28.73%)

-$639,546

Tax Assets

$0 (0%)

$0 (0%)

$0

Tax Liabilities

$0 (0%)

$0 (0%)

$0

Total Debt

$1,342,503 (198.49%)

$449,765 (0.00%)

$449,765

Debt Current

$1,342,503 (198.49%)

$449,765 (0%)

$0

Debt Non-Current

$0 (0%)

$0 (0%)

$449,765

Total Liabilities

$2,834,308 (179.51%)

$1,014,030 (51.71%)

$668,396

Liabilities Current

$2,834,308 (179.51%)

$1,014,030 (363.81%)

$218,631

Liabilities Non-Current

$0 (0%)

$0 (0%)

$449,765

FNVT Income Statement (MRY)


Metric

2023

2022

2021

Revenues

$0 (0%)

$0 (0%)

$0

Cost of Revenue

$0 (0%)

$0 (0%)

$0

Selling General & Administrative Expense

$1,993,129 (35.36%)

$1,472,416 (671.01%)

$190,972

Research & Development Expense

$0 (0%)

$0 (0%)

$0

Operating Expenses

$1,993,129 (35.36%)

$1,472,416 (671.01%)

$190,972

Interest Expense

$0 (0%)

$0 (0%)

$0

Income Tax Expense

$0 (0%)

$0 (0%)

$0

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0

Consolidated Income

$2,494,909 (124.64%)

$1,110,622 (273.66%)

-$639,546

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0

Net Income

$2,494,909 (124.64%)

$1,110,622 (273.66%)

-$639,546

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0

Net Income Common Stock

$2,494,909 (124.64%)

$1,110,622 (273.66%)

-$639,546

Weighted Average Shares

$13,444,627 (211.76%)

$4,312,500 (-37.76%)

$6,929,024

Weighted Average Shares Diluted

$13,444,627 (211.76%)

$4,312,500 (-37.76%)

$6,929,024

Earning Before Interest & Taxes (EBIT)

$2,494,909 (124.64%)

$1,110,622 (273.66%)

-$639,546

Gross Profit

$0 (0%)

$0 (0%)

$0

Operating Income

-$1,993,129 (-35.36%)

-$1,472,416 (-671.01%)

-$190,972

FNVT Cash Flow Statement (MRY)


Metric

2023

2022

2021

Net Cash Flow from Investing

$131,816,922 (0%)

$0 (0%)

-$175,950,000

Net Cash Flow from Financing

-$131,274,419 (0%)

$0 (0%)

$177,603,723

Net Cash Flow from Operations

-$786,645 (-2.48%)

-$767,592 (-19.57%)

-$641,952

Net Cash Flow / Change in Cash & Cash Equivalents

-$244,142 (68.19%)

-$767,592 (-175.87%)

$1,011,771

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0

Net Cash Flow - Investment Acquisitions and Disposals

$131,816,922 (0%)

$0 (0%)

-$175,950,000

Capital Expenditure

$0 (0%)

$0 (0%)

$0

Issuance (Repayment) of Debt Securities

$1,342,503 (0%)

$0 (0%)

$449,765

Issuance (Purchase) of Equity Shares

-$132,616,922 (0%)

$0 (0%)

$169,075,870

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0

Share Based Compensation

$0 (0%)

$0 (0%)

$0

Depreciation Amortization & Accretion

$0 (0%)

$0 (0%)

$0

FNVT Financial Metrics (MRY)


Metric

2023

2022

2021

Gross Margin

-

-

-

Profit Margin

-

-

-

EBITDA Margin

-

-

-

Return on Average Equity (ROAE)

-149.20% (-145.72%)

326.30% (234.89%)

-241.90%

Return on Average Assets (ROAA)

3.00% (400.00%)

0.60% (142.86%)

-1.40%

Return on Sales (ROS)

-

-

-

Return on Invested Capital (ROIC)

3.00% (400.00%)

0.60% (142.86%)

-1.40%

Dividend Yield

0% (0%)

0% (0%)

0%

Price to Earnings Ratio (P/E)

58.26 (-71.61%)

205.2 (286.92%)

-109.78

Price to Sales Ratio (P/S)

-

-

-

Price to Book Ratio (P/B)

-35.96 (92.65%)

-489.23 (-331.50%)

211.33

Debt to Equity Ratio (D/E)

-1.01 (54.51%)

-2.23 (-438.45%)

0.66

Earnings Per Share (EPS)

0.19 (280.00%)

0.05 (155.56%)

-0.09

Sales Per Share (SPS)

0 (0%)

0 (0%)

0

Free Cash Flow Per Share (FCFPS)

-0.06 (66.85%)

-0.18 (-91.40%)

-0.09

Book Value Per Share (BVPS)

-0.21 (-96.23%)

-0.11 (-172.60%)

0.15

Tangible Assets Book Value Per Share (TABVPS)

3.81 (-90.82%)

41.53 (61.99%)

25.64

Enterprise Value Over EBIT (EV/EBIT)

41 (-79.50%)

200 (159.52%)

-336

Enterprise Value Over EBITDA (EV/EBITDA)

40.51 (-79.79%)

200.49 (159.75%)

-335.56

Asset Turnover

0 (0%)

0 (0%)

0

Current Ratio

0.01 (-97.64%)

0.55 (-91.27%)

6.31

Dividends

$0 (0%)

$0 (0%)

$0

Free Cash Flow (FCF)

-$786,645 (-2.48%)

-$767,592 (-19.57%)

-$641,952

Enterprise Value (EV)

$101,079,293 (-54.60%)

$222,663,471 (3.76%)

$214,603,181

Earnings Before Tax (EBT)

$2,494,909 (124.64%)

$1,110,622 (273.66%)

-$639,546

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$2,494,909 (124.64%)

$1,110,622 (273.66%)

-$639,546

Invested Capital

$49,745,928 (-72.10%)

$178,281,296 (0.81%)

$176,852,847

Working Capital

-$2,796,882 (-514.23%)

-$455,349 (-139.23%)

$1,160,668

Tangible Asset Value

$51,237,770 (-71.39%)

$179,089,740 (0.82%)

$177,633,484

Market Capitalization

$100,580,160 (-54.85%)

$222,770,250 (3.85%)

$214,519,500

Average Equity

-$1,672,148 (-591.21%)

$340,417 (28.75%)

$264,398

Average Assets

$83,027,075 (-53.34%)

$177,938,268 (298.89%)

$44,608,746

Invested Capital Average

$81,805,066 (-53.86%)

$177,288,610 (300.64%)

$44,251,469

Shares

9,085,832 (-58.15%)

21,712,500 (0.00%)

21,712,500