FTAC Athena Acquisition (FTAC Athena Acquisition) Net Income : $7.90 Mil (TTM As of Sep. 2022)

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What is FTAC Athena 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. FTAC Athena Acquisition's Net Income for the three months ended in Sep. 2022 was $2.30 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was $7.90 Mil.

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

FTAC Athena Acquisition Net Income Historical Data

The historical data trend for FTAC Athena 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.

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FTAC Athena Acquisition Net Income Chart

FTAC Athena Acquisition Annual Data

Trend

Dec20

Dec21

Net Income

FTAC Athena Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Net Income	Get a 7-Day Free Trial			0.28	0.50	3.58	1.53	2.30

FTAC Athena 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

FTAC Athena 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
=	0.004	+	0	+	0	+	0
=	0.00

FTAC Athena 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
=	2.295	+	0	+	0	+	0
=	2.30

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 $7.90 Mil.

FTAC Athena Acquisition (NAS:FTAAU) 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:

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

Earnings per Share (Diluted) (Q: Sep. 2022 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(2.295	-	0)	/	0
	=

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.

FTAC Athena Acquisition Net Income Related Terms

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FTAC Athena Acquisition (FTAC Athena Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FTAC Athena Acquisition Corp (NAS:FTAAU) » Definitions » Net Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104

Website

FTAC Athena Acquisition Corp is a blank check company.

Executives

Candice N Bednar	director	2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Douglas Listman	officer: CFO and Secretary	2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Mei Mei Tuan	director	C/O THE BANCORP, INC., 409 SILVERSIDE ROAD, WILMINGTON DE 19809
Daniela Mielke	director	8500 GOVERNORS HILL DRIVE, SYMMES TOWNSHIP OH 45249
Betsy Z Cohen	director, 10 percent owner
Amanda J Abrams	10 percent owner, officer: Chief Executive Officer	1000 CONTINENTAL DRIVE, SUITE 300, KING OF PRUSSIA PA 19406
Ftac Athena Advisors, Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Ftac Athena Sponsor, Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Jewelle Bickford	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Leah Popowich	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104