TWLV

MKT CAP:$106M

Twelve Seas Investment Company II

Market Cap

$106M

Financial Services·Shell Companies·🇺🇸 United States·NASDAQ

Financials·Shell Companies·🇺🇸·NASDAQ

Stock Price

$9.97+$0.10 (+1.01%)

Apr 23, 2026

Company Details

Twelve Seas Investment Company II does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. T...

CEO

Dimitri Elkin

IPO Date

Apr 29, 2021

Website

www.twelveseascapital.com

Key Metrics TTM

Revenue

$0

— YoY

Net Income

$4M

EPS (Diluted)

$0.10

Free Cash Flow

-$1M

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

29.7x

Earnings Reports

Q3 2023

Sep 29, 2023

$0EPS $0.01

Q2 2023

Aug 21, 2023

$0EPS -$0.01

Q1 2023

May 22, 2023

$0EPS $0.04

FY 2022

Mar 31, 2023

$0EPS $0.20

Q4 2022

Mar 31, 2023

$0EPS $0.06

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$0	-$83.0K	-$83.0K
Q2 21	$0	-$169.4K	-$169.4K
Q3 21	$0	-$271.4K	-$271.4K
Q4 21	$0	-$1M	-$548.3K
Q2 22	$0	-$306.0K	-$306.0K
Q3 22	$0	-$165.6K	-$165.6K
Q4 22	$0	-$1M	-$304.0K
Q1 23	$0	-$613.0K	-$613.0K
Q2 23	$0	-$269.4K	-$269.4K
Q3 23	$0	$0	-$197.5K

Valuation

Quarter	P/S	P/E
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	—	57.4x
Q2 22	—	25.2x
Q3 22	—	14.1x
Q4 22	—	14.0x
Q1 23	—	14.8x
Q2 23	—	22.2x
Q3 23	—	29.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	-$217.6K	-$217.6K
Q2 21	-$131.2K	-$131.2K
Q3 21	-$162.3K	-$162.3K
Q4 21	-$271.0K	-$271.0K
Q2 22	-$204.0K	-$204.0K
Q3 22	-$130.2K	-$130.2K
Q4 22	-$375.7K	-$375.7K
Q1 23	-$536.9K	-$536.9K
Q2 23	-$446.0K	-$446.0K
Q3 23	-$114.2K	-$114.2K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	—	+268.8%
Q3 22	—	-2.3%
Q4 22	—	+12.0%
Q1 23	—	+11.8%
Q2 23	—	-12.0%
Q3 23	—	+19.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$0	—
Q2 21	$0	—
Q3 21	$0	—
Q4 21	$0	—
Q2 22	$0	—
Q3 22	$0	—
Q4 22	$0	—
Q1 23	$0	—
Q2 23	$0	—
Q3 23	$0	—

OpEx Breakdown

Quarter	G&A	SG&A
Q1 21	$83.0K	—
Q2 21	$169.4K	—
Q3 21	$271.4K	—
Q4 21	$548.3K	—
Q2 22	$306.0K	—
Q3 22	$165.6K	—
Q4 22	$788.1K	—
Q1 23	—	$613.0K
Q2 23	—	$269.4K
Q3 23	$197.5K	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 21	$1M	$0	$1M
Q2 21	$1M	$0	$1M
Q3 21	$1M	$0	$1M
Q4 21	$751.1K	$0	$751.1K
Q1 22	$457.2K	$0	$457.2K
Q2 22	$253.2K	$0	$253.2K
Q3 22	$123.0K	$0	$123.0K
Q4 22	$352.3K	$0	$352.3K
Q1 23	$364.1K	$0	$364.1K
Q2 23	$393.1K	$0	$393.1K
Q3 23	$278.8K	$0	$278.8K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	19M	—	—
Q2 21	44M	+130.0%	—
Q3 21	44M	0.0%	—
Q4 21	38M	-13.9%	—
Q2 22	44M	+16.2%	+130.0%
Q3 22	44M	0.0%	0.0%
Q4 22	44M	0.0%	0.0%
Q1 23	23M	-47.9%	-39.4%
Q2 23	13M	-43.7%	-70.7%
Q3 23	13M	0.0%	-70.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	$0	2
Q2 22	$0	2
Q3 22	$0	2
Q4 22	$0	2
Q1 23	$0	2
Q2 23	$0	2
Q3 23	$0	2

Revenue / Employee