Bullboard - Stock Discussion Forum SPARQ Systems Inc SPRQF

Primary Symbol: V.SPRQ

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SPARQ Systems Inc. is a Canada-based company, which designs and manufactures single-phase microinverters for residential and commercial solar electric applications. The Company has developed a photovoltaic (PV) solution called the Quad. The Quad inverter optimizes four PV modules with a single microinverter, simplifying design and installation, and lowering cost for solar power installations... see more

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TSXV:SPRQ - Post Discussion

SPARQ Systems Inc > Fins on sedar

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Post by lscfa on May 09, 2023 3:06pm

Fins on sedar

excerpts:

As the Company’s current manufacturing partner in OCM in Canada was not be able to produce inverters for the Company in sufficient quantities for 2022, the Company does not foresee the generation of any material revenue until 2023 Q2.

The new three-phase QUAD microinverter is currently undergoing regulatory certification and is expected to complete it by Q2 2023. The Company expects to launch limited number of commercial three phase microinverter for solar water pump applications in Q2 2023.

The Company’s plan to generate material revenue is contingent upon access to these supplies. The Company anticipates these supply chain issues to improve in Q3 2023.

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