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SPARQ Systems Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Total Revenue 1.1M 162,687 0.00 1.3M 360,285
Operating Revenue 1.1M 162,687 0.00 1.3M 360,285
Cost Of Revenue 981,953 153,857 11,926 1.4M 334,987
Gross Profit 99,297 8,830 -11,926 -109,991 25,298
Selling General And Administration 617,539 725,634 630,277 713,233 633,924
General And Administrative Expense 566,345 675,477 590,569 688,580 617,448
Research And Development 418,507 373,917 339,800 324,518 276,823
Depreciation And Amortization In Income Statement 74,900 74,570 73,853 113,045 36,590
Operating Expense 1.1M 1.2M 1.0M 1.2M 947,337
Operating Income -1.0M -1.2M -1.1M -1.3M -922,039
EBIT -898,906 -1.5M -1.1M -931,418 -969,993
Interest Expense 13,376 14,568 15,916 36,279 1,687
Interest Expense Non Operating 13,376 14,568 15,916 36,279 1,687
Interest Income 15.00 1,925 8,259 12,856 19,382
Interest Income Non Operating 15.00 1,925 8,259 12,856 19,382
Net Interest Income -13,361 -12,643 -7,657 -23,423 17,695
Other Income Expense 112,728 -360,119 -7,085 316,513 -67,336
Gain On Sale Of Security 112,728 -360,119 -7,085 499,800 -67,336
Pretax Income -912,282 -1.5M -1.1M -967,697 -971,680
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00 0.00
Net Income From Continuing And Discontinued Operation -912,282 -1.5M -1.1M -967,696 -971,680
Net Income From Continuing Operation Net Minority Interest -912,282 -1.5M -1.1M -967,696 -971,680
Net Income Including Noncontrolling Interests -912,282 -1.5M -1.1M -967,697 -971,680
Net Income Common Stockholders -912,282 -1.5M -1.1M -967,696 -971,680
Net Income -912,282 -1.5M -1.1M -967,696 -971,680
EBITDA -824,006 -1.4M -980,829 -818,373 -933,403
Normalized EBITDA -936,734 -1.1M -973,744 -1.1M -866,067
Reconciled Depreciation 74,897 74,569 73,853 113,045 36,590
Basic EPS -0.01 -0.01 -0.01 -- -0.01
Diluted EPS -0.01 -0.01 -0.01 -- -0.01
Basic Average Shares 116.9M 116.9M 116.9M -- 115.7M
Diluted Average Shares 116.9M 116.9M 116.9M -- 115.7M
Total Unusual Items 112,728 -360,119 -7,085 316,513 -67,336
Total Unusual Items Excluding Goodwill 112,728 -360,119 -7,085 316,513 -67,336
Tax Rate For Calcs 0.00 0.00 0.00 0.00 0.00
Normalized Income -1.0M -1.2M -1.1M -1.3M -904,344
Depreciation Amortization Depletion Income Statement 74,900 74,570 73,853 113,045 36,590
Depreciation Income Statement 74,900 74,570 73,853 113,045 36,590
Diluted NI Availto Com Stockholders -912,282 -1.5M -1.1M -967,696 -971,680
Net Income Continuous Operations -912,282 -1.5M -1.1M -967,697 -971,680
Net Non Operating Interest Income Expense -13,361 -12,643 -7,657 -23,423 17,695
Other Gand A 532,001 656,730 580,690 464,948 585,228
Other Taxes -- -- -- 0.00 0.00
Reconciled Cost Of Revenue 981,956 153,858 11,926 1.4M 334,987
Salaries And Wages 34,344 18,747 9,879 223,632 32,220
Selling And Marketing Expense 51,194 50,157 39,708 24,653 16,476
Total Expenses 2.1M 1.3M 1.1M 2.5M 1.3M
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Cash And Cash Equivalents 5.3M 6.2M 6.4M 6.9M 7.4M
Cash Cash Equivalents And Short Term Investments 5.3M 6.2M 6.4M 6.9M 7.4M
Accounts Receivable 1.6M 166,907 1.3M 1.7M 363,643
Receivables 1.6M 217,088 1.4M 1.7M 534,589
Inventory 1.6M 2.3M 2.3M 2.3M 3.5M
Prepaid Assets 51,699 73,188 74,998 82,458 43,972
Other Current Assets -676,656 -- -- -- --
Current Assets 7.9M 8.8M 10.1M 11.1M 11.5M
Gross PPE 1.7M 1.7M 1.6M 1.6M 1.1M
Accumulated Depreciation -1.0M -961,433 -886,864 -813,011 -699,967
Net PPE 660,801 720,114 739,175 758,488 400,325
Total Non Current Assets 660,801 720,114 739,175 758,488 400,325
Total Assets 8.6M 9.5M 10.9M 11.8M 11.9M
Current Debt And Capital Lease Obligation 152,087 149,657 153,271 150,584 30,858
Accounts Payable -- -- -- 179,139 438,455
Payables -- -- -- 179,139 438,455
Payables And Accrued Expenses 437,301 445,645 258,476 179,139 438,455
Current Liabilities 589,388 595,302 411,747 329,723 469,313
Long Term Debt And Capital Lease Obligation 212,159 252,140 287,064 284,403 14,138
Long Term Capital Lease Obligation 212,159 252,140 287,064 284,403 14,138
Other Non Current Liabilities -- -- 1.00 -- --
Total Non Current Liabilities Net Minority Interest 212,159 252,140 287,065 284,403 14,138
Total Liabilities Net Minority Interest 801,547 847,442 698,812 614,126 483,451
Common Stock 39.0M 39.0M 39.0M 39.0M 38.3M
Capital Stock 39.0M 39.0M 39.0M 39.0M 38.3M
Additional Paid In Capital 8.5M 8.5M 8.5M 8.5M 8.3M
Retained Earnings -40.2M -39.3M -37.7M -36.7M -35.7M
Common Stock Equity 7.8M 8.6M 10.2M 11.2M 11.4M
Stockholders Equity 7.8M 8.6M 10.2M 11.2M 11.4M
Total Equity Gross Minority Interest 7.8M 8.6M 10.2M 11.2M 11.4M
Total Capitalization 7.8M 8.6M 10.2M 11.2M 11.4M
Net Tangible Assets 7.8M 8.6M 10.2M 11.2M 11.4M
Tangible Book Value 7.8M 8.6M 10.2M 11.2M 11.4M
Working Capital 7.3M 8.2M 9.7M 10.7M 11.0M
Invested Capital 7.8M 8.6M 10.2M 11.2M 11.4M
Total Debt 364,246 401,797 440,335 434,987 44,996
Share Issued 116.9M 116.9M 116.9M 116.9M 115.7M
Ordinary Shares Number 116.9M 116.9M 116.9M 116.9M 115.7M
Capital Lease Obligations 364,246 401,797 440,335 434,987 44,996
Current Capital Lease Obligation 152,087 149,657 153,271 150,584 30,858
Finished Goods 281,277 191,580 293,535 203,837 1.4M
Inventories Adjustments Allowances -180,652 -180,652 -180,652 -180,652 -216,360
Leases 23,154 23,154 23,154 23,154 23,154
Machinery Furniture Equipment 171,012 169,565 157,428 151,990 144,445
Other Equity Interest 458,605 458,605 458,605 458,605 526,330
Other Properties 1.5M 1.5M 1.4M 1.4M 932,693
Properties 0.00 0.00 0.00 0.00 0.00
Raw Materials 1.5M 2.3M 2.2M 2.3M 2.3M
Taxes Receivable 53,398 50,181 50,181 61,235 170,946
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Operating Cash Flow -822,421 -79,250 -507,596 -828,171 -2.2M
Cash Flow From Continuing Operating Activities -822,421 -79,250 -507,596 -828,171 -2.2M
Depreciation And Amortization 74,897 74,569 73,853 113,045 36,590
Depreciation Amortization Depletion 74,897 74,569 73,853 113,045 36,590
Stock Based Compensation 34,344 18,747 9,879 223,632 32,220
Change In Working Capital -32,756 1.4M 463,354 -334,894 -1.3M
Changes In Account Receivables -726,752 -- -- -1.2M -254,705
Change In Receivables -726,752 1.1M 377,724 -1.2M -254,705
Change In Inventory 680,851 12,258 -1,169 1.2M -453,028
Change In Payables And Accrued Expense -8,344 187,166 79,339 -259,317 -625,075
Other Non Cash Items 13,375 14,570 15,916 137,742 1,688
Capital Expenditure -15,585 -57,831 -14,038 -18,183 -65,918
Purchase Of PPE -15,585 -57,831 -14,038 -18,183 -65,918
Net PPE Purchase And Sale -15,585 -57,831 -14,038 -18,183 -65,918
Investing Cash Flow -15,585 -57,831 -14,038 -18,183 -65,918
Cash Flow From Continuing Investing Activities -15,585 -57,831 -14,038 -18,183 -65,918
Issuance Of Debt 0.00 0.00 0.00 -6,250 0.00
Repayment Of Debt -50,924 -50,784 -51,071 -99,311 -8,772
Net Issuance Payments Of Debt -50,924 -50,784 -51,071 -105,561 -8,772
Issuance Of Capital Stock 0.00 -- -- -16,579 0.00
Net Common Stock Issuance 0.00 -- -- -16,579 0.00
Financing Cash Flow -50,924 -50,784 -51,071 366,110 -8,772
Cash Flow From Continuing Financing Activities -50,924 -50,784 -51,071 366,110 -8,772
Changes In Cash -888,930 -187,865 -572,705 -480,244 -2.3M
Beginning Cash Position 6.2M 6.4M 6.9M 7.4M 9.7M
End Cash Position 5.3M 6.2M 6.4M 6.9M 7.4M
Free Cash Flow -838,006 -137,081 -521,634 -846,354 -2.3M
Change In Prepaid Assets 21,489 1,810 7,460 -38,486 25,667
Common Stock Issuance 0.00 -- -- -16,579 0.00
Depreciation 74,897 74,569 73,853 113,045 36,590
Long Term Debt Issuance 0.00 0.00 0.00 -- 0.00
Long Term Debt Payments -50,924 -50,784 -51,071 -99,311 -8,772
Net Income From Continuing Operations -912,281 -1.5M -1.1M -967,696 -971,680
Net Long Term Debt Issuance -50,924 -50,784 -51,071 69,439 -8,772
Net Other Financing Charges -- -- -- 6,250 0.00
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