Welcome to our dedicated page for Ambase news (Ticker: ABCP), a resource for investors and traders seeking the latest updates and insights on Ambase stock.
AmBase Corporation (ABCP) is a real estate and rental and leasing sector company whose public communications focus heavily on funding and litigation related to its interest in the 111 West 57th Property. On this news page, readers can review AmBase’s press releases and other coverage that summarize its financial results, funding activities, and key corporate developments.
The company regularly issues earnings-related press releases reporting net income or loss and basic earnings per share for quarterly and annual periods. These releases typically direct investors to AmBase’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission for more detailed information on its financial condition and results of operations. They also reiterate that the company’s financial statements contain a qualification about its ability to continue as a going concern.
News items for ABCP also describe capital-raising efforts, such as private placement equity offerings of common stock to existing stockholders of record under exemptions from registration under the Securities Act of 1933. These announcements outline the basic terms of such offerings, including eligibility requirements for accredited investors and the intended use of proceeds, which the company states includes continuing operations, funding litigation related to the 111 West 57th Property, and repaying existing obligations.
In addition, AmBase’s disclosures highlight its consideration of litigation funding agreements with third-party funders and loans from management through senior promissory notes for working capital. Together, these topics form the core of the company-specific news that investors and researchers can follow for ABCP, making this page a useful entry point for tracking AmBase’s reported results and funding strategies over time.
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AmBase Corporation (OTC: ABCP) reported a net loss of $3,473,000 or $0.09 per share for the year ended December 31, 2022, an improvement compared to a net loss of $5,208,000 or $0.13 per share in 2021. Operating expenses were $3,424,000 in 2022, down from $5,208,000 in the previous year. The company will hold its 2023 Annual Meeting of Stockholders on June 1, 2023, with a record date set for April 12, 2023. Forward-looking statements in the release highlight risks and uncertainties that may affect future results. For more detailed results, refer to the Annual Report on Form 10-K for the year ended December 31, 2022.
AmBase Corporation (OTC: ABCP) reported a net loss of $717,000 or $0.02 per share for Q3 2022 and a net loss of $2,757,000 or $0.07 per share for the nine months ending September 30, 2022. This compares to a net loss of $1,264,000 or $0.03 per share in Q3 2021 and a net loss of $4,133,000 or $0.10 per share for the nine months of 2021. The company highlights that forward-looking statements are subject to risks that could significantly impact actual results.
AmBase Corporation (OTC: ABCP) reported a net loss of $983,000 or $0.02 per share for Q2 2022, improving from a loss of $1,234,000 or $0.03 per share in Q2 2021. For the first half of 2022, the net loss was $2,040,000 or $0.05 per share, compared to $2,869,000 or $0.07 in the same period last year. Operating expenses for Q2 2022 were $983,000, down from $1,234,000 in Q2 2021. The results indicate a slight improvement in performance year-over-year, despite ongoing challenges.
AmBase Corporation (OTC: ABCP) reported a net loss of $1,057,000 or $0.03 per share for Q1 2022, an improvement from a net loss of $1,635,000 or $0.04 per share in Q1 2021. Operating expenses decreased from $1,635,000 to $1,057,000, indicating a reduction in costs. The company noted that forward-looking statements are subject to risks that may cause actual results to differ. For detailed financial insights, investors should consult the Quarterly Report on Form 10-Q for the period ended March 31, 2022.
AmBase Corporation (OTC: ABCP) reported a net loss of $5,208,000 or $0.13 per share for the year ending December 31, 2021, an improvement from a loss of $5,604,000 or $0.14 per share in 2020. The company has fixed April 13, 2022, as the record date for its 2022 Annual Meeting of Stockholders, scheduled for June 2, 2022. The press release includes forward-looking statements subject to risks and uncertainties that may impact results. Investors are encouraged to review the Annual Report on Form 10-K for detailed financial information.
AmBase Corporation (OTC: ABCP) reported a net loss of $1,264,000 or $0.03 per share for Q3 2021 and $4,133,000 or $0.10 per share for the nine months ended September 30, 2021. This compares to a net loss of $1,463,000 ($0.04) and $3,845,000 ($0.09) during the same periods in 2020. The company's operating expenses for Q3 2021 were $1,264,000, a slight decrease from $1,494,000 in Q3 2020. AmBase emphasizes that forward-looking statements may involve risks and uncertainties that could lead to different results.
AmBase Corporation (OTC: ABCP) reported a net loss of $1,234,000 or $0.03 per share for Q2 2021, and a total net loss of $2,869,000 or $0.07 per share for the first half of 2021. In comparison, the losses for Q2 and the first half of 2020 were $964,000 and $2,382,000, respectively. The press release highlights that future results may vary due to inherent risks, and it advises reviewing the quarterly and annual reports for a complete financial overview.