AmBase Corp (PK:ABCP)

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 7857 West Sample Road, Suite 134
CORAL SPRINGS FL 33065
Tel: N/A
Website: N/A
IR: N/A
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Key People
Richard A. Bianco
Chairman of the Board, President, Chief Executive Officer 		John P. Ferrara
Chief Financial Officer, Vice President, Controller 		Joseph R. Bianco
Treasurer
Business Overview
AmBase Corporation is a holding company. The Company is engaged in the management of its assets and liabilities. The Company holds an equity interest in a real estate development property through a joint venture agreement to purchase and develop real property located at 105 through 111 West 57th Street in New York, New York (the 111 West 57th Property). The Company is engaged in material disputes and litigation with regard to the 111 West 57th Property. The Company rents approximately 150 square feet of office space for its executive office at 7857 West Sample Road, Suite 134, Coral Springs, FL 33065, on a short-term basis. The Company also rents on a short-term basis approximately 200 square feet of office space in Emerson, NJ. The Company's subsidiary is 111 West 57th Investment LLC.
Financial Overview
For the fiscal year ended 31 December 2023, AmBase Corp revenues was not reported. Net loss increased 52% to $5.3M. Higher net loss reflects Professional and outside services increase of 98% to $3.3M (expense), Interest expense increase from $57K to $241K (expense), Other Operating increase of 10% to $79K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.09 to -$0.13.
Employees: 4 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $20.21M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$5.03M as of Dec 31, 2023
Net annual income (TTM): -$5.27M as of Dec 31, 2023
Free cash flow (TTM): -$3.47M as of Dec 31, 2023
Net Debt Last Fiscal Year: $3.12M as of Dec 31, 2023
Shares outstanding: 84,938,211 as of Apr 1, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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