RDGA
Ridgefield Acquisition Corp.0.0150
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
417.91KP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Ridgefield Acquisition Corp. posted a Q3 net loss of $25,616, up from $12,902 a year earlier, as general and administrative expenses climbed to $19,883 from $7,741 amid legal fees for a planned reverse stock split. Year-to-date, the net loss widened to $72,083 versus $59,974 in 2024, with operating cash use at $48,908 offset by $50,000 in related-party financing. Cash edged up to $18,041, while related-party debt swelled to $231,000 at 8-10% rates, maturing 2027 and on demand post-2024. The split aims to deregister under Section 12(g) of the Exchange Act, slashing reporting costs. No revenue yet. Losses mount steadily.
10-Q
Q2 FY2025 results
Ridgefield Acquisition Corp., a shell company hunting for a business combination, narrowed its net loss to $12,912 in Q2 2025 ended June 30, from $18,773 a year earlier, thanks to G&A expenses dropping to $7,262 from $14,079 on lower legal costs. For the first half, the net loss edged down to $46,467 from $47,072, with operating losses matching at $35,342 versus $36,772, while other expenses ticked up to $11,125 from $10,300 due to higher interest on related-party debt. Cash dwindled to $3,277 from $16,949 at year-end, after $38,672 used in operations offset by $25,000 in financing; total liabilities hit $202,299, including $165,000 principal on notes to CEO Steven Bronson (8% rate, due 2027) and Qualstar (10% rate, demand after 2024). No capex means free cash flow mirrors operating cash flow at negative $38,672 (derived). EPS rounds to zero on 27.9 million shares. The hunt for a target drags on. Yet acquisition deals can fizzle fast.
10-Q
Q1 FY2025 results
Ridgefield Acquisition Corp., a shell company hunting for a business combination, posted a net loss of $33,555 for Q1 ended March 31, 2025, up 19% y/y from $28,299, driven by higher G&A expenses of $28,080 (up $5,387 y/y from professional fees for SEC compliance) while other expenses dipped slightly to $5,475. Operating loss widened to $28,080 from $22,693 y/y, with net loss exceeding it by interest and minor fees. Cash dwindled to $12,319 from $16,949 q/q, burned via $29,630 in operations offset by $25,000 related-party financing; no capex means free cash flow matches operating outflow (derived). Related-party debt climbed to $196,064 (8-10% rates, maturities 2027 and on-demand post-2024), fueling a $186,110 equity deficit amid going-concern warnings. No revenues yet. Acquisition pursuits face stiff competition from economic flux.
10-K
FY2024 results
Ridgefield Acquisition Corp., a shell company hunting for a merger target, posted zero revenues for FY2024 ended December 31, 2024, with a narrowed net loss of $67,552 versus $72,982 in 2023, thanks to G&A expenses dropping to $51,683 from $60,082 amid lower audit fees, though interest expense climbed to $13,591 from $10,500 on rising related-party debt. Q4 showed steady quarterly momentum, with operating cash use holding flat while financing inflows from a $50,000 stock issuance to CEO Bronson and $10,000 in loans propped up cash at $16,949. No capex or dividends; liquidity leans on Bronson's notes totaling $166,489. Outlook hinges on snagging a viable acquisition amid stiff SPAC competition. Yet ownership changes could hobble NOL tax shields.
10-Q
Q3 FY2024 results
Ridgefield Acquisition Corp., a shell company hunting for a merger target, posted a net loss of $12,902 for Q3 ended September 30, 2024, nearly flat year-over-year from $12,941, while nine-month losses widened to $59,974 from $45,254, driven by higher G&A expenses on SEC compliance and interest costs from related-party borrowings. Operating losses narrowed slightly quarter-over-quarter to $7,741 from $18,773 in Q2, but net losses exceeded operating by $5,161 due to interest expense. Cash dwindled to $19,217 after $65,198 in operating outflows, offset by $50,000 from insider stock issuance and $10,000 in new loans; related-party debt stands at $140,000 principal plus $26,282 interest, with no revolver or covenants noted. No revenues yet. Finding a viable acquisition remains the key risk.
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