The Significance.... ....of the recent NR is their likely "direction" of use. Sparta and SBL had an agreement last summer but it was an US solution only because the test had only been approved by the FDA. The Q1 Financials, likely to be released tomorrow, should give a sense of how that worked out from a revenue perspective.
This latest NR has much more potential because of the more rigid expectations that have taken place vis a vis the land border crossings. Focusing on truckers coming from, as opposed to going to, the US is a much larger testing opportunity. It would also appear that more work was done on the tests prior to the application for HC approval. It's also impressive that they were already to launch as soon as approval was authorized (February 12 and February 19)
As exciting as this is, let's not forget the incredible suite of other technologies Sparta will be bringing online this year. The conversion of plastics to fuel being one of the most exciting and profitable imho.
Like CBDT, another reason for HOLDing LONG on Sparta is because of the CEO. While a different personality from Steven McAuley, John O'Bireck and he share the qualities of transparency, sincerity and a strong responsibility to employees and shareholders. That and their resumes makes both companies worth investing in.
Enjoy the rest of your weekend and GLTA ....this week should be exciting.