SPARQ Corp.
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 monitori… Read more
SPARQ Corp. (SPRQF) - Net Assets
Latest net assets as of September 2025: $7.76 Million USD
Based on the latest financial reports, SPARQ Corp. (SPRQF) has net assets worth $7.76 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.56 Million) and total liabilities ($801.55K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.76 Million |
| % of Total Assets | 90.63% |
| Annual Growth Rate | 66.56% |
| 5-Year Change | 509.49% |
| 10-Year Change | N/A |
| Growth Volatility | 269.14 |
SPARQ Corp. - Net Assets Trend (2018–2024)
This chart illustrates how SPARQ Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SPARQ Corp. (2018–2024)
The table below shows the annual net assets of SPARQ Corp. from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $11.21 Million | +456.26% |
| 2023-12-31 | $2.02 Million | -68.75% |
| 2022-12-31 | $6.45 Million | -33.09% |
| 2021-12-31 | $9.64 Million | +424.00% |
| 2020-12-31 | $1.84 Million | +478.86% |
| 2019-12-31 | $-485.65K | -192.53% |
| 2018-12-31 | $524.86K | -- |
Equity Component Analysis
This analysis shows how different components contribute to SPARQ Corp.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2425859900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $47.89 Million | 427.06% |
| Total Equity | $11.21 Million | 100.00% |
SPARQ Corp. Competitors by Market Cap
The table below lists competitors of SPARQ Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The BORN Korea
KO:475560
|
$55.19 Million |
|
SDCL EDGE Acquisition Corporation
NYSE:SEDA-UN
|
$55.19 Million |
|
POLARIS MEDIA ASA NK 20
F:93J
|
$55.20 Million |
|
IL Science Co. Ltd
KQ:307180
|
$55.21 Million |
|
Dicot AB
ST:DICOT
|
$55.17 Million |
|
SKY Metals Ltd
AU:SKY
|
$55.16 Million |
|
Bonraybio Co., Ltd.
TW:6955
|
$55.16 Million |
|
Sriracha Construction Public Company Limited
BK:SRICHA
|
$55.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SPARQ Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,016,013 to 11,214,282, a change of 9,198,269 (456.3%).
- Net loss of 5,654,344 reduced equity.
- New share issuances of 12,339,309 increased equity.
- Other factors increased equity by 2,513,304.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.65 Million | -50.42% |
| Share Issuances | $12.34 Million | +110.03% |
| Other Changes | $2.51 Million | +22.41% |
| Total Change | $- | 456.26% |
Book Value vs Market Value Analysis
This analysis compares SPARQ Corp.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.30x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 87.96x to 7.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $0.01 | $0.70 | x |
| 2019-12-31 | $-0.01 | $0.70 | x |
| 2020-12-31 | $0.03 | $0.70 | x |
| 2021-12-31 | $0.12 | $0.70 | x |
| 2022-12-31 | $0.08 | $0.70 | x |
| 2023-12-31 | $0.02 | $0.70 | x |
| 2024-12-31 | $0.10 | $0.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SPARQ Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -50.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -341.68%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.05x
- Recent ROE (-50.42%) is above the historical average (-81.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -171.08% | 0.56x | 0.00x | $-961.95K |
| 2020 | -59.35% | -93412.15% | 0.00x | 1.06x | $-1.28 Million |
| 2021 | -80.97% | -1986279.13% | 0.00x | 1.07x | $-8.77 Million |
| 2022 | -60.90% | -1890.77% | 0.03x | 1.15x | $-4.57 Million |
| 2023 | -236.47% | -2509.45% | 0.04x | 2.18x | $-4.97 Million |
| 2024 | -50.42% | -341.68% | 0.14x | 1.05x | $-6.78 Million |
Industry Comparison
This section compares SPARQ Corp.'s net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $315,233,876
- Average return on equity (ROE) among peers: -5.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SPARQ Corp. (SPRQF) | $7.76 Million | 0.00% | 0.10x | $55.18 Million |
| ABB Ltd (ABBNY) | $2.23 Billion | -31.00% | 13.51x | $85.22 Billion |
| Advent Technologies Holdings Inc (ADN) | $130.20 Million | -15.76% | 0.25x | $1.02 Million |
| Ads Tec Energy PLC (ADSE) | $-8.59 Million | 0.00% | 0.00x | $194.80 Million |
| Advanced Energy Industries Inc (AEIS) | $392.07 Million | 32.51% | 0.46x | $11.51 Billion |
| AFC Energy plc (AFGYF) | $30.27 Million | -57.55% | 0.21x | $91.15 Million |
| Alfen N.V (ALFNF) | $6.81 Million | 25.29% | 3.39x | $265.32 Million |
| Amprius Technologies Inc. (AMPX) | $13.86 Million | -71.41% | 0.34x | $1.30 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $118.20 Million | 3.47% | 0.76x | $17.88 Million |
| Astro Communications Inc (ASTO) | $7.59 Million | 3.65% | 0.08x | $18.93K |
| Atkore International Group Inc (ATKR) | $232.94 Million | 59.69% | 5.17x | $1.72 Billion |