RE:RE:Part yes and part no Revenue for 2018 was over $11 million, for 2019 over $11 million. Covid hit the company hard in 2020 and their revenue was cut in half but the business wSas able to keep most employees employed. They have run deficits for each of those three years but cut it in 2019 to 1/3 of what it had been in 2018.
Sparta has cornered the market in Ontario for electronic recycling ....the profit in that will be in scaling their technology to accept mass quantities of electronic waste. They are also ahead of the curve in converting plastics to fuel ....and continue to expand on this part of their operation. Imho it would be reasonable to expect Sparta to return to pre covid revenues and then much higher based on scaling up these technologies.
I don't completely understand valuation as it should relate to revenue, sp and no. of outstanding shares. Does it make sense to see the sp at $.30 to $.40 should they be able to double or triple revenues? How much of an impact does projected revenue have on a sp. Thete certainly doesn't seem to be any logical pattern based on the markets.
Agree, green is the future and imho Sparta seems to be at the threshold of doing something special in this sector.
GLTY ...and GLTE holding patiently.
stormnp wrote: Hi Buda, thank you for having an intelligent conversation. To me, the biggest long term play are electronic recycling and building energy efficency retrofit. Take a look at the massive government subsity for improving building energy efficiceny. However, i can not find any info about how much revenue and profit electronics recycling plant can make. Not much data.
For the covid pathgen spary and truck suit software, they are just nice to have. People will quickky forget about it once the pandemic is over. Hope SAY can prove I am wrong.
https://ca.finance.yahoo.com/news/federal-government-launch-2-6b-080000558.html