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Sparc Al Inc., a defence technology company, engages in developing GPS-denied navigation and target acquisition solutions for autonomous and dismounted operation. Its AI-powered platform transforms the inertial sensors already inside commercial drones into precision instruments without additional hardware, external signals, or complex integration. The company was formerly known as EYEFI Group Technologies Inc. and changed its name to Sparc Al Inc. in August 2023. Sparc Al Inc. was incorporated in 2018 and is headquartered in Melbourne, Australia.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Publicly available information on Sparc Al Inc. (SPAI.CN) is limited; it appears to be an early-stage developer of artificial intelligence software and services. Long-term growth drivers could include expanding enterprise demand for AI-driven solutions and successful commercialisation of any offerings. Investors may find exposure to AI sector dynamics and potential upside attractive while noting the company's small scale and development stage.
Key risks include execution and commercialization challenges typical of early-stage technology firms, potential need for additional financing, and likely low liquidity and high share-price volatility.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -0.32M | 2.97M | -1.10M | -1.37M |
| Net income | -0.32M | 2.97M | -1.09M | -1.37M |
| Selling general administrative | 0.24M | 0.78M | 1.42M | 1.53M |
| Gross profit | 0.00M | 0.07M | 0.04M | -0.02M |
| Reconciled depreciation | - | - | - | 0.10M |
| Operating income | -0.32M | 2.85M | -1.10M | -1.27M |
| Interest expense | 0.00M | 0.03M | 0.04M | 0.06M |
| Tax provision | - | 0.00M | -0.01M | 0.00M |
| Net interest income | - | - | - | -0.10M |
| Total revenue | 0.00M | 0.20M | 0.46M | 0.50M |
| Total operating expenses | - | - | - | 1.78M |
| Cost of revenue | 0.00M | 0.13M | 0.42M | 0.52M |
| Total other income expense net | - | - | - | 0.01M |
| Net income from continuing ops | - | - | - | -1.37M |
| Net income applicable to common shares | -0.32M | 2.97M | -1.09M | - |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 0.07M | 0.16M | 0.75M | 1.16M |
| Intangible assets | 0.02M | 0.03M | 0.04M | 0.04M |
| Total liab | 0.10M | 0.06M | 1.26M | 0.82M |
| Total stockholder equity | -0.04M | 0.09M | -0.51M | 0.34M |
| Common stock | 2.37M | 2.25M | 5.78M | - |
| Capital stock | - | - | - | 5.29M |
| Retained earnings | -2.59M | -2.28M | -6.40M | -5.41M |
| Other assets | - | - | 0.03M | - |
| Cash | 0.01M | - | - | 0.35M |
| Cash and equivalents | - | 0.12M | 0.15M | - |
| Total current liabilities | 0.10M | 0.06M | 1.16M | 0.65M |
| Short term debt | 0.06M | 0.00M | 0.27M | - |
| Other stockholder equity | 0.00M | - | -0.05M | - |
| Property plant equipment | 0.02M | 0.00M | 0.16M | - |
| Total current assets | 0.03M | 0.13M | 0.52M | 0.82M |
| Long term investments | - | - | - | 0.03M |
| Net receivables | 0.02M | 0.01M | 0.00M | 0.05M |
| Long term debt | - | 0.00M | - | - |
| Accounts payable | - | - | - | 0.01M |
| Non current assets total | - | - | - | 0.34M |
| Capital lease obligations | - | - | - | 0.24M |
| Long term debt total | 0.00M | 0.00M | 0.09M | - |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total cashflows from investing activities | - | - | - | -0.01M | -0.01M |
| Net borrowings | 0.06M | -0.04M | 0.21M | - | - |
| Total cash from financing activities | 0.15M | 0.19M | 0.26M | 1.11M | 1.29M |
| Net income | -0.32M | 2.97M | -1.09M | - | - |
| Change in cash | -0.12M | -0.01M | -0.21M | -0.30M | 0.54M |
| Begin period cash flow | 0.12M | 0.15M | 0.35M | - | - |
| End period cash flow | 0.01M | 0.12M | 0.15M | - | - |
| Total cash from operating activities | -0.24M | -0.19M | -0.52M | -1.30M | -0.72M |
| Issuance of capital stock | 0.00M | 0.24M | 0.00M | - | - |
| Depreciation | 0.01M | 0.04M | 0.08M | - | - |
| Change to account receivables | - | -0.05M | 0.05M | - | - |
| Sale purchase of stock | - | - | - | 0.01M | 0.43M |
| Other cashflows from financing activities | - | - | - | 2.02M | 0.02M |
| Capital expenditures | 0.02M | 0.00M | 0.00M | 0.01M | 0.01M |
| Change in working capital | -0.04M | 0.21M | 0.32M | -1.30M | -0.72M |
| Stock based compensation | 0.10M | 0.12M | 0.19M | - | - |
| Other non cash items | - | 0.03M | 0.02M | - | - |
| Free cash flow | -0.27M | -0.19M | -0.52M | - | - |
Sector: Technology Industry: Software - Application
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| SPAI Sparc Al Inc |
0.02 0.99% |
2.04 | - | - | 1031.63 | 303.24 | 628.38 | 1.07 |
| URL NameSilo Technologies Corp |
-0.01 0.65% |
1.52 | 93.00 | 9.45 | 2.56 | 30.11 | 2.54 | 35.93 |
| NTAR Nextech3D.AI Corporation |
-0.01 8.33% |
0.06 | - | - | 17.49 | 4.03 | 10.69 | -2.29 |
| SKUR Sekur Private Data Ltd. (formerly was SWIS/GlobeX Data Ltd. until 2022-04-13) |
-0.01 14.29% |
0.03 | - | - | 38.12 | 10.89 | 30.15 | -1.11 |
| CLTE Clara Technologies Corp. |
0.04 30.00% |
0.20 | - | - | 20536.66 | 3.01 | 19631.84 | - |
Sparc Al Inc., a defence technology company, engages in developing GPS-denied navigation and target acquisition solutions for autonomous and dismounted operation. Its AI-powered platform transforms the inertial sensors already inside commercial drones into precision instruments without additional hardware, external signals, or complex integration. The company was formerly known as EYEFI Group Technologies Inc. and changed its name to Sparc Al Inc. in August 2023. Sparc Al Inc. was incorporated in 2018 and is headquartered in Melbourne, Australia.
90 Collins Street, Melbourne, VIC, Australia, 3000
| Name | Title | Year Born |
|---|---|---|
| Mr. Anoosh Manzoori B.Sc. | CEO & Non-Executive Chairman | NA |
| Ms. Kartika Saran C.A., CPA | Chief Financial Officer | NA |
| Mr. Matthew McCrann | Chief Executive Officer of U.S. Subsidiary | NA |
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