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Home CompaniesSparq Systems Inc.

Sparq Systems Inc.

Industrials Electrical Equipment & Parts
PortfolioPortfolio WatchlistWatchlist
Company price
0.98 CAD -0.02 ( 2.00%)
Last update at 2026-11-04T16:08:00Z
VOLUME
7810
Market Cap
95.89M

Momentum Score

…

SPARQ Systems Inc. engages in the design, manufacture, and sale of single-phase microinverters for residential and commercial solar electric applications. The company offers Quad inverters, a proprietary photovoltaic solution; and Sparqlinq, a real-time performance monitoring that access and monitors energy system data. It also provides SparqVu, an energy management system for multi-site monitoring; and cables and accessories. The company was formerly known as SPARQ Corp. and changed its name to SPARQ Systems Inc. in December 2022. SPARQ Systems Inc. is headquartered in Kingston, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.98
Low
1.01
High
52 Week Price Range
0.59
Low
0.95
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Public information on Sparq Systems Inc. (SPRQ.V) is limited; the company is a small-cap issuer listed on the TSX Venture Exchange and available disclosures do not provide a detailed, verifiable description of its operations. Because of that lack of transparency, long-term growth drivers are not clearly documented, and investors may find the stock attractive only for speculative exposure to early-stage opportunities if the company can demonstrate product-market traction and secure financing.

Material risks include limited disclosure and reporting, low trading liquidity, potential need for further capital and associated dilution, and execution risk in establishing commercial operations.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
1.00
Dividend Yield
-
Revenue TTM
2.52M
Revenue Per Share
0.02
Gross Profit TTM
-0.01M
Debt / Equity
-
ROE
-46.88%
Net Debt
0.17M
ROCE
-49.17%
Diluted EPS TTM
-0.03

Insight News

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Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

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
Income before tax -5.65M -4.77M -3.93M -7.81M -1.09M
Net income -5.65M -4.77M -3.93M -7.81M -1.09M
Selling general administrative 4.18M 2.32M 1.97M 6.75M 0.72M
Gross profit -0.13M -1.16M -0.37M -0.05M -0.10M
Reconciled depreciation 0.22M 0.11M 0.03M 0.02M 0.02M
Operating income -5.65M -4.82M -3.95M -7.15M -1.10M
Interest expense 0.15M 0.02M 0.00M - -
Interest income 0.03M 0.06M 0.06M 0.00M 0.00M
Net interest income -0.11M 0.04M 0.06M 0.00M 0.00M
Total revenue 1.65M 0.19M 0.00M 0.00M 0.00M
Total operating expenses 7.31M 5.01M 3.95M 7.15M 1.10M
Cost of revenue 1.78M 1.35M 0.37M 0.05M 0.10M
Total other income expense net 0.11M 0.02M -0.03M -0.66M 0.00M
Net income from continuing ops -5.65M -4.77M -3.93M -7.81M -1.09M
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 assets 11.83M 4.39M 7.41M 10.29M 1.95M
Total liab 0.61M 2.38M 0.95M 0.65M 0.11M
Total stockholder equity 11.21M 2.02M 6.45M 9.64M 1.84M
Other current liab - 0.06M - - -
Capital stock 38.96M 26.46M 26.46M 26.46M 15.25M
Retained earnings -36.68M -31.02M -26.26M -22.33M -14.52M
Cash 6.94M 0.29M 4.59M 9.30M 1.35M
Total current liabilities 0.33M 2.34M 0.92M 0.61M 0.08M
Net debt - 0.17M - - -
Short long term debt - 0.45M - - -
Total current assets 11.07M 3.97M 7.25M 10.25M 1.92M
Net receivables 1.68M 0.15M 0.01M 0.08M 0.02M
Long term debt - - 0.04M 0.04M 0.03M
Inventory 2.30M 3.44M 1.71M 0.53M 0.18M
Accounts payable 0.18M 1.80M 0.92M 0.61M 0.08M
Non current assets total 0.76M 0.42M 0.16M 0.04M 0.02M
Capital lease obligations 0.43M 0.07M 0.00M - -
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
Investments -0.10M -0.29M -0.15M 0.13M -0.00M
Total cash from financing activities 11.96M 0.45M 0.00M 8.73M 1.62M
Net income -5.65M -4.77M -3.93M -7.81M -1.09M
Change in cash 6.66M -4.30M -4.71M 7.95M 1.29M
Begin period cash flow 0.29M 4.59M 9.30M 1.35M 0.06M
End period cash flow 6.94M 0.29M 4.59M 9.30M 1.35M
Total cash from operating activities -5.20M -4.45M -4.56M -0.91M -0.33M
Issuance of capital stock 12.34M 0.00M 0.00M 10.00M 0.00M
Depreciation 0.22M 0.11M 0.03M 0.02M 0.02M
Change to inventory 1.14M -1.73M -1.18M -0.35M 0.03M
Change to account receivables -1.58M 0.13M -0.21M -0.06M 0.35M
Capital expenditures 0.10M 0.29M 0.15M 0.04M 0.00M
Change in working capital -2.06M -0.15M -1.40M 0.13M 0.31M
Stock based compensation 1.97M 0.33M 0.74M 6.08M 0.43M
Other non cash items 0.33M 0.02M - 0.68M -
Free cash flow -5.30M -4.75M -4.71M -0.94M -0.33M

Peer Comparison*

Sector: Industrials Industry: Electrical Equipment & Parts

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)
SPRQ
Sparq Systems Inc.		 -0.02
2.00%		 0.98 - - 38.06 12.36 36.10 -1.27
NHHH
FuelPositive Corp		 -
-%		 0.06 - 12.00 51.17 2.17 46.36 -3.38
LPS
Legend Power Systems Inc		 0.01
9.09%		 0.12 - 8.75 7.15 40.70 7.63 -5.99
EGT
Eguana Technologies Inc		 -
-%		 0.09 - 16.05 2.45 23.56 21.20 -11.30
BES
Braille Energy Systems Inc		 -
-%		 0.03 - - 1.57 20.79 1.64 -4.02

Profile*

Sparq Systems Inc.

SPARQ Systems Inc. engages in the design, manufacture, and sale of single-phase microinverters for residential and commercial solar electric applications. The company offers Quad inverters, a proprietary photovoltaic solution; and Sparqlinq, a real-time performance monitoring that access and monitors energy system data. It also provides SparqVu, an energy management system for multi-site monitoring; and cables and accessories. The company was formerly known as SPARQ Corp. and changed its name to SPARQ Systems Inc. in December 2022. SPARQ Systems Inc. is headquartered in Kingston, Canada.

Innovation Park, Kingston, ON, Canada, K7L 0E9

855 947 7277

https://www.sparqsys.com

Name Title Year Born
Dr. Praveen K. Jain CEO & Director NA
Mr. Kyle Michael Appleby CA, CPA Chief Financial Officer 1975
Mr. Pankaj Jain Vice President of Operations NA
Dr. Majid Pahlevaninezhad Chief Technology Officer NA
Mr. Richard M. Kimel HBA, LLB Corporate Secretary 1967

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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