CSIMarket Company Name, Ticker, Competitors, else..
 
Sparta Commercial Services Inc   (SRCO)
Other Ticker:  
 
    Sector • Services    Industry • Professional Services
   Industry • Professional Services
   Sector • Services
 
Price: $0.3600 $0.00 -0.908%
Day's High: $0.36 Week Perf: 4.56 %
Day's Low: $ 0.34 30 Day Perf: -5.39 %
Volume (M): 7 52 Wk High: $ 0.45
Volume (M$): $ 3 52 Wk Avg: $0.16
Open: $0.35 52 Wk Low: $0.05



 Market Capitalization (Millions $) 9
 Shares Outstanding (Millions) 25
 Employees -
 Revenues (TTM) (Millions $) 0
 Net Income (TTM) (Millions $) -2
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Sparta Commercial Services Inc
Sparta Commercial Services Inc is a company that specializes in providing solutions and services for businesses in various industries. They offer a range of products, including software applications, financing solutions, and online tools, aimed at helping businesses streamline their operations and improve efficiency. The company aims to meet the unique needs of its clients by offering customized solutions and responsive customer support. Sparta Commercial Services Inc strives to be a trusted partner for businesses, offering them innovative and cost-effective solutions to enhance their overall performance and success.


   Company Address: 555 Fifth Avenue New York 10017 NY
   Company Phone Number: 239-2666   Stock Exchange / Ticker: SRCO


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



Sparta Commercial Services Inc

Sparta Commercial Services Inc. Shows Strong Improvement in Financial Performance for January 2024 Interval

Sparta Commercial Services Inc recently released its financial results for the interval closing on January 31, 2024, showcasing some improvements compared to the previous year. The company was able to decrease its loss per share to $-0.01, a significant improvement from $-0.05 in the same period a year before. Additionally, the earnings per share (EPS) also showed signs of progress, improving from $-0.02 in the prior financial reporting period.
However, the revenue for Sparta Commercial Services Inc saw a decline of -42.302% to $0.04 million from $0.06 million in the same period a year before. Sequentially, the revenue also fell by -29.917% from $0.05 million. Despite the decrease in revenue, the company reported a net loss of $-0.150 million, an improvement from the deficit of $-1.086 million in the same period a year ago.
Sparta Commercial Services Inc

revenue regressed, at SRCO all along the fiscal period closing Oct 31 2023



Sparta Commercial Services Inc (SRCO) has reported disappointing financial results in the fiscal second quarter of 2024, with a significant decrease in revenue and a larger loss per share. The company's struggles have been primarily attributed to a lower turnover and diminished revenue, resulting in negative impacts on its bottom line. These results have raised concerns about the company's future prospects as it deals with declining inventories and lower year-on-year stock performance.
Revenue Drop and Increased Losses
During the fiscal second quarter of 2024, SRCO faced declining revenue and a larger loss per stock. Revenue plummeted by 7.092% year on year, reaching $0.05 million compared to $0.06 million recorded in the previous reporting period. Additionally, SRCO registered a loss per stock of -$0.02, a significant decrease from the previous quarter's bottom line of $0.00 per share.
Sparta Commercial Services Inc

Company's Shortfall Skyrockets in 2023 Due to Decrease in Orders

Sparta Commercial Services Inc is a company that has faced challenges in recent years, as evidenced by its dwindling revenue and increasing deficit. In the first quarter of 2024, the company experienced a significant decline in returns, with each share now valued at -$0.01. Furthermore, its revenue decreased by -9.679%, falling to a mere $0.06 million compared to the previous year.
These financial struggles are particularly concerning when considering that the Professional Services sector, on average, saw significant growth in the first quarter of 2024. In the prior financial reporting period, Sparta Commercial Services Inc generated $0.07 million in revenue, though it still reported a deficit of -$0.05 per share.
Sparta Commercial Services Inc

Sparta Commercial Services Inc Reveals Solid Revenue Improvement with Net Loss of $-0.05 per Share in Latest Quarter, Signaling Significant Progress

Company Announces Solid Revenue Improvement but Reports Net Loss in Latest Quarter
Sparta Commercial Services Inc, a leading Professional Services company, has announced a significant revenue improvement in its recent financial report. The company reported a remarkable increase of 1102.41% year on year, amounting to $0.07 million in revenue for the three months ending April 30, 2023. However, the company also reported a net loss of $-0.05 million, unchanged from the previous quarter.
Despite the loss, it is worth noting that this is a substantial improvement from the same quarter a year ago when the company recorded a net shortfall of $-6.975 million. This demonstrates the progress made by Sparta Commercial Services Inc in their efforts to turn their financial situation around.
In the full financial year of 2023, the company reported a net income of $1.03 million and revenue of $0.26 million. This represents an earnings per share of $0.05, a significant improvement from the previous financial year's earnings per share of $-0.66. The revenue for the financial year also increased by 4.66%, reaching $0.25 million.






Sparta Commercial Services Inc's Segments
Information technology    81.86 % of total Revenue
New World Health    18.14 % of total Revenue





Help

About us

Advertise
CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved.

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com