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SEP Acquisition (SEP Acquisition) Net Income : $-5.41 Mil (TTM As of Mar. 2024)


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What is SEP 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. SEP Acquisition's Net Income for the three months ended in Mar. 2024 was $-3.04 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-5.41 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. SEP Acquisition's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $-0.53.


SEP Acquisition Net Income Historical Data

The historical data trend for SEP 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.

SEP Acquisition Net Income Chart

SEP Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Net Income
- 7.71 -2.36

SEP Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.20 -2.06 -0.50 -3.04

SEP 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

SEP Acquisition's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-2.439+0.084+0+0
=-2.36

SEP Acquisition's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-2.998+-0.046+0+0
=-3.04

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.41 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.


SEP Acquisition  (NAS:SEPA) 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:

SEP Acquisition's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 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.


SEP Acquisition Net Income Related Terms

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SEP Acquisition (SEP Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
3737 Buffalo Speedway, Suite 1750, Houston, TX, USA, 77098
SEP Acquisition Corp is a blank check company. It is formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Marshall Blair Garrou director, 10 percent owner 3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
David L. Magdol director 1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
Mia Mends director 5254 BIRDWOOD ROAD, HOUSTON TX 77096
Jay Gardner director 3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
Mercury Sponsor Group I Llc 10 percent owner 3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
Robert Andrew White director, 10 percent owner, officer: President and CEO 3737 BUFFALO SPEEDWAY, HOUSTON TX 77098
Winston Gilpin officer: CFO and Secretary 3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
Carolyn Rodz director 3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098
Christine Cardenas officer: VP and Chief Strategy Officer 3737 BUFFALO SPEEDWAY, SUITE 1750, HOUSTON TX 77098

SEP Acquisition (SEP Acquisition) Headlines