Integrated Rail and Rsurcs Acqstn Corp (PK:IRRX)
Business Focus: Shell Companies
| Sector: Financials | Industry: Holding Companies |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 400 W. Morse Blvd., Suite 220 WINTER PARK FL 32789 |
| Tel: | N/A |
| Website: | https://irr-x.com |
| IR: | See website |
| Key People | ||
| Mark A. Michel Chairman of the Board, Chief Executive Officer | Timothy J. Fisher Vice Chairman of the Board, President, Chief Financial Officer | |
| Business Overview |
| Integrated Rail and Resources Acquisition Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It has not selected any specific business combination target and has not engaged in any substantive discussions, directly or indirectly, with any business combination target. The Company intend to focus its search in North America on railroad companies that transport bulk commodities, terminal companies that transload bulk commodities to and from railroads and pipelines, trucks, and ports, the companies that produce bulk commodities moved by railroads in large volumes, and the rail cars that are used to transport bulk commodities. The Company neither engages in any business operations nor generates any revenues. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Integrated Rail and Rsurcs Acqstn Corp revenues was not reported. Net income decreased 63% to $3.5M. Net income was partially offset by Fair Value Adjustments on Other Assets decrease of 91% to $836K (income). Basic Earnings per Share excluding Extraordinary Items decreased from $0.33 to $0.20. |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $89.79M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$1.39M as of Dec 31, 2023 |
| Net annual income (TTM): | $3.54M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1.41M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $5.47M as of Dec 31, 2023 |
| Shares outstanding: | 7,665,386 as of Apr 16, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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