GSR II Meteora Acquisition Corp.,(GSRM) a special purpose acquisition company (SPAC), has released its unaudited condensed financial statements for the first quarter of 2023. The financial statements provide insights into the company's net income and revenue performance during this period.
The company reported a net income of $325.8 thousand for the three months ended March 31, 2023. Additionally, the revenue details were also disclosed in the statements, giving investors and stakeholders a comprehensive view of the company's financial health.
Let's dive into the details of the unaudited condensed financial statements to understand GSR II Meteora Acquisition Corp.'s financial performance better.
## 1. Net Income:
GSR II Meteora Acquisition Corp. reported a net income of $325.8 thousand for the first quarter of 2023. This figure signifies the company's profitability during this period after accounting for all operating expenses, other income, and tax provisions.
## 2. Revenue:
According to the unaudited condensed financial statements, GSR II Meteora Acquisition Corp. had total assets of $328.9 million as of March 31, 2023. Out of this, $527.9 thousand constituted current assets, including cash and prepaid expenses.
The company's revenue details were not explicitly mentioned in the provided financial statements. However, revenue is a significant component of the financial statements, and investors and stakeholders are encouraged to refer to the full financial report for comprehensive revenue insights.
## Conclusion:
GSR II Meteora Acquisition Corp. has shown promising financial results with a net income of $325.8 thousand for the first quarter of 2023. While revenue specifics were not directly disclosed in the unaudited condensed financial statements, the company's overall financial performance reflects its potential and growth prospects.
As with any investment, it is essential for investors and stakeholders to thoroughly analyze the complete financial report, including the audited financial statements and accompanying notes, to make well-informed decisions. These statements provide a snapshot of the company's financial standing and serve as a foundation for further analysis and assessment of GSR II Meteora Acquisition Corp.'s investment potential.