Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
SPRQ.V
SELLREMOVESPARQ Systems Inc. · Industrials · Canada · $106M · Avg Vol: $45K/d
SPARQ Systems is an unprofitable micro-cap solar technology provider facing intense competition and lacking the scale or moat of a quality compounder.
COMPANY DESCRIPTION
SPARQ Systems Inc. is a Canadian clean technology company that designs and manufactures advanced, software-defined microinverters for the global solar energy market. The company's proprietary Quad microinverter optimizes power generation from up to four solar panels simultaneously, reducing system complexity and installation costs. SPARQ's competitive moat is its advanced digital control technology, which allows its microinverters to easily integrate with energy storage systems and support grid stability.
FINANCIAL SUMMARY
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | — | 0 | 137,594 | 1M | 2M | 251.7% |
| EPS | — | -0.04 | -0.04 | -0.04 | -0.03 | — |
| Shares | — | 82M | 82M | 117M | 117M | +41.8% |
| Debt | 27,664 | 27,664 | 376,912 | 315,048 | 234,631 | 70.7% |
| Equity | — | 5M | 1M | 8M | 5M | -0.3% |
| Op CF | — | -3M | -3M | -4M | -1M | — |
| Inv CF | — | -109,448 | -213,065 | -73,644 | -66,116 | — |
| Fin CF | — | 0 | 322,575 | 9M | -147,265 | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of SPRQ.V are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| SPRQ.V | SPARQ Systems Inc.(you) | $106M | 29 | SELL |
| QESS.CN | Aegis Critical Energy Defence Corp. | $41M | 15 | STRONG SELL |
| BLDP | Ballard Power Systems Inc. | $1.9B | 32 | SELL |
| ELVA | Electrovaya Inc. | $580M | 56 | HOLD |
| HMM-A.TO | Hammond Manufacturing Company Limited | $149M | 98 | STRONG BUY |
| HPS-A.TO | Hammond Power Solutions Inc. | $2.9B | 69 | BUY |
| GSI.V | Gatekeeper Systems Inc. | $100M | 16 | STRONG SELL |
| VLN.TO | Velan Inc. | $242M | 32 | SELL |
| AFN.TO | Ag Growth International Inc. | $319M | 23 | SELL |
| PYR.TO | PyroGenesis Inc. | $45M | 17 | STRONG SELL |
Peer medians: ROE 11.3% · P/E 26.4x · Gross margin 29.3%