Sparta Commercial Services Inc (SRCO) Earnings Report, Financial Results, Financial analysis

Sparta Commercial Services Inc narrowed forth quarter of 2023 net loss per share of $-0.05 compare to net loss per share of $-0.98 recorded in the same quarter a year ago and improved compare to net loss per share of $-0.05 realized in previous quarter.

*forth quarter of 2023*
Earnings Per Share	Revenues
$ -0.05	$ 0 Mill
$+0.93	Unch. +1102.41 %

Sparta Commercial Services Inc 's Revenue rose by 1102.41 % in forth quarter of 2023 (Apr 30 2023) year on year, to $0 million and advanced by 6.59 % sequentially.

Sparta Commercial Services Inc is Expected to report next financial results on December 21, 2023.

More on SRCO's Income Statement

SRCO's NET INCOME

Sparta Commercial Services Inc 's in theforth quarter of 2023 recorded net loss of $-1.345 million, an improvement compare to net loss of $-6.975 million in IV. Quarter a year ago.

Sequentially net loss advanced

More on SRCO's Growth

Sparta Commercial Services Inc Inventories
SRCO's Cash flow In theforth quarter of 2023 company's net cash flow was $0 million

Earnings quality

Sparta Commercial Services Inc does not pay out common stock dividend.

In trailing twelve-month period Sparta Commercial Services Inc payed $ -0.12 cash per share, on a free-cash flow basis .

Tangible Book value grew to $ -0.50 per share from $ -0.70.

Company issued 0.72 million shares or 3.67 % in Apr 30 2023.
Debt Coverage Ratio was 0.21.

• More on SRCO's Dividends

Market Capitalization (Millions)	2
Shares Outstanding (Millions)	20
Total Debt (Millions $)	7
Revenue (TTM) (Millions $)	0
Net Income (TTM) (Millions $)	1
Cash Flow (TTM) (Millions $)	0
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	-

Earnings quality

Sparta Commercial Services Inc does not pay out common stock dividend.

In trailing twelve-month period Sparta Commercial Services Inc had negative $ -0.12 cash flow per share, on a free-cash flow basis .

Tangible Book value grew to $ -0.50 per share from $ -0.70.

Company issued 0.72 million shares or 3.67 % in Apr 30 2023.
Debt Coverage Ratio was 0.21.

• More on SRCO's Balance Sheets

Market Capitalization (Millions)	2
Shares Outstanding (Millions)	20
Total Debt (Millions $)	7
Revenue (TTM) (Millions $)	0
Net Income (TTM) (Millions $)	1
Cash Flow (TTM) (Millions $)	0
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	-

Sparta Commercial Services Inc

SRCO's Financial Statements and Analysis