---
title: "FLAG SHIP ACQUISITION CORPORATION COM USD0.001 (SUB/RIGHT 31/03/2026) | 10-Q: FY2025 Q1 EPS: USD 0.07"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240060206.md"
datetime: "2025-05-13T20:32:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240060206.md)
  - [en](https://longbridge.com/en/news/240060206.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240060206.md)
---

# FLAG SHIP ACQUISITION CORPORATION COM USD0.001 (SUB/RIGHT 31/03/2026) | 10-Q: FY2025 Q1 EPS: USD 0.07

EPS: As of FY2025 Q1, the actual value is USD 0.07.

EBIT: As of FY2025 Q1, the actual value is USD 577.7 K.

### Segment Revenue

-   The company has not generated any operating revenues as of March 31, 2025, and will not generate any until after the completion of a Business Combination.

### Operational Metrics

-   **Net Income**: For the three months ended March 31, 2025, the company reported a net income of $577,698, compared to a net loss of - $75,788 for the same period in 2024.
-   **Formation, General and Administrative Expenses**: These expenses were - $162,071 for the three months ended March 31, 2025, compared to - $75,788 for the same period in 2024.

### Cash Flow

-   **Net Cash Used in Operating Activities**: For the three months ended March 31, 2025, net cash used in operating activities was - $183,542.
-   **Cash and Investments Held in Trust Account**: As of March 31, 2025, the company had $71,538,905 in cash and investments held in the Trust Account.

### Unique Metrics

-   **Interest and Dividends Earned**: The company earned $739,769 in interest and dividends on cash and investments held in the Trust Account for the three months ended March 31, 2025.

### Future Outlook and Strategy

-   **Core Business Focus**: The company plans to effectuate its Business Combination using cash derived from the proceeds of its initial public offering and the sale of private units, shares, debt, or a combination of these.
-   **Proposed GFT Business Combination**: On April 18, 2025, the company entered into an Agreement and Plan of Merger with Great Future Technology Inc., which will result in the company merging with and into a wholly-owned subsidiary of GFT, with the subsidiary continuing as the surviving entity.
-   **Going Concern Consideration**: The company has substantial doubt about its ability to continue as a going concern within one year after the date that the unaudited financial statements are issued, due to the possibility of not completing a Business Combination within the prescribed period.

### Related Stocks

- [FSHPR.US](https://longbridge.com/en/quote/FSHPR.US.md)

## Related News & Research

- [FACTBOX-IPO-bound SpaceX's board is stacked with Musk empire loyalists](https://longbridge.com/en/news/287206089.md)
- [INSTANT VIEW-SpaceX files long awaited IPO, creating a fresh AI play](https://longbridge.com/en/news/287124128.md)
- [ANALYSIS-Why SpaceX's mega IPO may not signal a broader rebound in listings](https://longbridge.com/en/news/287215490.md)
- [GRAPHIC-Major takeaways from Magnificent Seven's AI-fueled earnings](https://longbridge.com/en/news/287224928.md)
- [Walmart CFO Warns Higher Prices Could Hit Shelves In Coming Months](https://longbridge.com/en/news/287231542.md)