Sparta Capital Ltd SCAXF

news is out ! Reported a 30% increase in revenue

[knoxt]

Sparta Reports Q1 Financial Results

Accesswire - Mar 01, 2024 9:30 AM AST

TORONTO, ON / ACCESSWIRE / March 1, 2024 / Sparta Group (TSXV:SAY) (the "Corporation", the "Company", "Sparta Group", "Sparta Capital", "SAY.V" or "Sparta") has announced that it has released its financial results for the three months ended December 31, 2023. The Corporation's Q1 financial statements and Management's Discussion & Analysis (MD&A) are available on SEDAR (www.sedar.com).

Here are a few Q1 highlights,

• Sparta mourns the loss of co-founder and business visionary, John O'Bireck, Sparta's President and Chief Technology Officer.
• Appointment of Mr. Tony Peticca as new President, after the passing of Mr. O'Bireck and following a thorough review of Sparta operations across all divisions.
• Reported a 30% increase in revenue, and 400% increase in net income, attributed to the growth within the environment division.
• The revamping of TruckSuite™ is near completion. A soft launch of the TruckSuite™ App 2.0 takes place in the U.S. while work continues the unveiling here in Canada.
• Sparta secures U.S TruckSuite™ "dream team" to help prepare for Canadian unveiling of the TruckSuite app.
• Sparta Health and the science and medical experts from the TAB continue to work on Doc-in-a-Box in conjunction with a European-based company to bring an augmented reality application of the health platform together.
• Sparta's ERS onboards new customers at its Toronto facility and achieves new carbon credit verification program partners.
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