Lake Superior Acquisition Corp. Rights (LKSPR) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LKSPR SEC filings page.
This page shows Lake Superior Acquisition Corp. Rights (LKSPR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).
External financing funds capital deployment: FY2025 cash movements point to a balance sheet supported by financing, not operations.
Reported profit does not reconcile to operating performance: FY2025 net income of$666K coexisted with an operating loss of$360K , suggesting non-operating items drove the positive bottom line. Operating cash flow was-$444K while financing supplied$115.8M against-$115.0M of investing cash flow, so the period’s cash movement was financing-led rather than internally generated.
Negative equity of
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
Lake Superior Acquisition Corp. Rights does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
For every $1 of reported earnings, Lake Superior Acquisition Corp. Rights used $0.67 of operating cash (-$444K OCF vs $666K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Lake Superior Acquisition Corp. Rights reported $853K in net income in Q2 2026. This represents an increase of 1486.2% from the same quarter a year earlier. Against the prior quarter it is up 34.1%.
Lake Superior Acquisition Corp. Rights earned $0.05 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 25.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Lake Superior Acquisition Corp. Rights held $136K in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
LKSPR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $183K+196.6% | $386K+700.2% | N/A | $25K+53.6% | $62K | $48K | N/A | $16K |
| Operating Income | -$183K-196.6% | -$386K-700.2% | N/A | N/A | -$62K | -$48K | N/A | N/A |
| Income Tax | $0 | $0 | N/A | N/A | $0 | $0 | N/A | N/A |
| Net Income | $853K+1486.2% | $636K+1418.2% | N/A | -$25K-53.6% | -$62K | -$48K | N/A | -$16K |
| EPS (Basic) | N/A | N/A | N/A | -$0.01+50.0% | N/A | N/A | N/A | -$0.02 |
| EPS (Diluted) | $0.05 | $0.04 | N/A | N/A | $0.00 | $0.00 | N/A | N/A |
| Diluted Shares (Avg) | 12M | 12M | N/A | 3M+338.1% | 0 | 0 | N/A | 760,869 |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Interest Expense.
LKSPR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $118.3M | $117.3M | $116.6M+54578.1% | $174K | N/A | N/A | $213K | N/A |
| Current Assets | $186K | $270K | $560K+333.2% | N/A | N/A | N/A | $129K | N/A |
| Cash & Equivalents | $136K+68.9% | $184K+275.9% | $486K+275.8% | $50K-68.9% | $80K | $49K | $129K | $160K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $123.0M | $121.9M | $120.8M+48025.9% | $347K | N/A | N/A | $251K | N/A |
| Current Liabilities | $322K | $224K | $128K-48.9% | $347K | N/A | N/A | $251K | N/A |
| Non-Current Liabilities | $122.7M | $121.6M | $120.6M | $0 | N/A | N/A | $0 | N/A |
| Total Equity | -$4.7M-3111.6% | -$4.6M-5198.5% | -$4.2M-10958.7% | -$173K-2093.2% | -$147K | -$86K | -$38K | $9K |
| Retained Earnings | -$4.7M | -$4.6M | -$4.2M-6548.7% | -$198K | N/A | N/A | -$63K | N/A |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
LKSPR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.
LKSPR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Debt-to-Equity, Asset Turnover, FCF Margin.
Note: Shareholder equity is negative (-$4.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Where Lake Superior Acquisition Corp. Rights Ranks
Frequently Asked Questions
Is Lake Superior Acquisition Corp. Rights profitable?
Yes, Lake Superior Acquisition Corp. Rights (LKSPR) reported a net income of $666K in fiscal year 2025.
What is Lake Superior Acquisition Corp. Rights's operating cash flow?
Lake Superior Acquisition Corp. Rights (LKSPR) recorded an outflow of $444K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Lake Superior Acquisition Corp. Rights's total assets?
Lake Superior Acquisition Corp. Rights (LKSPR) had $116.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Lake Superior Acquisition Corp. Rights's current ratio?
Lake Superior Acquisition Corp. Rights (LKSPR) had a current ratio of 4.37 as of fiscal year 2025, which is generally considered healthy.
What is Lake Superior Acquisition Corp. Rights's return on assets (ROA)?
Lake Superior Acquisition Corp. Rights (LKSPR) had a return on assets of 0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Lake Superior Acquisition Corp. Rights's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Lake Superior Acquisition Corp. Rights (LKSPR) held $486K in cash, cash equivalents and investments, and reported an operating cash outflow of $444K over that year. Dividing the one by the other, the reported balance equals about 13 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Lake Superior Acquisition Corp. Rights's debt-to-equity ratio negative or not reported?
Lake Superior Acquisition Corp. Rights (LKSPR) has negative shareholder equity of -$4.2M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
Are Lake Superior Acquisition Corp. Rights's earnings high quality?
For every $1 of reported earnings, Lake Superior Acquisition Corp. Rights (LKSPR) used $0.67 of operating cash (-$444K OCF vs $666K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.