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Sparc Technologies Ltd (AU:SPN)
ASX:SPN
Australian Market

Sparc Technologies Ltd (SPN) AI Stock Analysis

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AU

Sparc Technologies Ltd

(Sydney:SPN)

Rating:45Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
The overall stock score is primarily influenced by financial performance challenges, including persistent net losses and negative cash flows despite revenue growth. Technical analysis shows mixed signals, and valuation remains weak due to negative earnings. The absence of earnings call and corporate events data limits additional insights.

Sparc Technologies Ltd (SPN) vs. iShares MSCI Australia ETF (EWA)

Sparc Technologies Ltd Business Overview & Revenue Model

Company DescriptionSparc Technologies Limited manufactures and sells graphene-based technologies in Australia. The company develops graphene-based additives for marine and protective coating markets. It also engages in the renewable energy and construction material businesses. The company was incorporated in 1984 and is headquartered in Kent Town, Australia.
How the Company Makes MoneySparc Technologies Ltd generates revenue through the sale of its advanced graphene-based products and materials. The company focuses on creating high-value applications for its graphene technologies, which are marketed to industries such as renewable energy, where graphene coatings can improve the efficiency and durability of solar panels. Additionally, Sparc offers solutions for environmental applications, where its products can be used for water purification and pollution control. Sparc's revenue streams are bolstered by strategic partnerships and collaborations with industry leaders and research institutions, which help in the development and commercialization of its products. The company may also engage in licensing agreements for its proprietary technologies, providing an additional source of income.

Sparc Technologies Ltd Financial Statement Overview

Summary
Sparc Technologies Ltd shows significant revenue growth but faces challenges with persistent net losses and negative cash flows. The balance sheet is strong due to low leverage, though declining assets and equity pose risks. Overall, while revenue is expanding, achieving sustainable profitability and positive cash flow remains a hurdle.
Income Statement
35
Negative
Sparc Technologies Ltd has shown significant revenue growth over the years, from AUD 135,602 in 2020 to AUD 1,116,124 in the TTM ending 2024. However, the company has consistently reported negative net income, with a TTM net loss of AUD 3,013,876. Gross profit margins have improved, but the negative EBIT and EBITDA margins highlight ongoing profitability challenges.
Balance Sheet
45
Neutral
The company maintains a strong equity base with a debt-to-equity ratio of approximately 0.06 as of TTM 2024, indicating low leverage. The equity ratio is healthy, but declining total assets and shrinking equity over time are concerns. Despite low debt levels, the recurring net losses could strain future financial flexibility.
Cash Flow
40
Negative
Operating cash flow has been negative, reflecting ongoing operational challenges. The company has relied on financing activities to sustain cash flow, resulting in negative free cash flow consistently. The free cash flow to net income ratio remains weak, indicating inefficiencies in cash flow generation.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue1.12M1.42M947.37K604.52K64.06K135.60K
Gross Profit997.09K1.42M615.97K432.13K-42.85K131.55K
EBITDA-2.64M-3.74M-4.88M-10.32M-3.36M-1.42M
Net Income-3.01M-4.27M-4.49M-14.20M-5.44M-546.20K
Balance Sheet
Total Assets3.63M3.46M4.40M4.48M4.03M2.27M
Cash, Cash Equivalents and Short-Term Investments907.85K2.71M2.96M2.14M2.93M2.25M
Total Debt255.42K202.97K315.86K399.02K490.99K0.00
Total Liabilities792.09K529.13K899.13K832.22K635.23K59.12K
Stockholders Equity2.84M2.93M3.51M3.65M3.39M2.22M
Cash Flow
Free Cash Flow-696.89K-2.24M-2.63M-4.92M-2.68M-707.69K
Operating Cash Flow-665.57K-2.22M-2.47M-4.61M-2.35M-612.13K
Investing Cash Flow-202.74K-19.04K-159.01K309.10K1.53M-95.56K
Financing Cash Flow3.01M1.99M3.45M3.50M3.71M380.00K

Sparc Technologies Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.16
Price Trends
50DMA
0.16
Positive
100DMA
0.17
Negative
200DMA
0.18
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
54.32
Neutral
STOCH
45.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SPN, the sentiment is Positive. The current price of 0.16 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.16, and below the 200-day MA of 0.18, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 54.32 is Neutral, neither overbought nor oversold. The STOCH value of 45.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:SPN.

Sparc Technologies Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (44)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUSPN
45
Neutral
AU$18.13M-113.38%44.09%
44
Neutral
C$992.05M-6.68-13.59%2.53%17.48%-32.48%
DEE7T
€6.16M-234.21%
DE57N
€14.11M-420.93%
AUSDV
65
Neutral
AU$62.73M30.564.12%20.25%
AUCXL
50
Neutral
AU$83.72M-26.71%15.24%8.35%
AUCG1
50
Neutral
AU$28.47M-73.56%-6.15%-12.45%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SPN
Sparc Technologies Ltd
0.16
-0.04
-20.00%
DE:E7T
Alexium International Group
DE:57N
Dotz Nano Limited
0.02
-0.05
-71.43%
AU:SDV
SciDev Ltd
0.33
-0.10
-23.26%
AU:CXL
Calix Ltd.
0.39
-0.75
-65.79%
AU:CG1
Carbonxt Group Ltd.
0.07
0.00
0.00%

Sparc Technologies Ltd Corporate Events

Sparc Hydrogen Secures A$2.75M Grant for Green Hydrogen Innovation
Jul 4, 2025

Sparc Technologies Ltd announced that Sparc Hydrogen, in collaboration with the University of Adelaide, has received a A$2.75M grant from the Australian Government’s Economic Accelerator Innovate program. This funding will support the operation of the Roseworthy pilot plant, research and development, and commercialization activities, enhancing Sparc Hydrogen’s position in the green hydrogen sector. The grant is a testament to the commercial potential of Sparc’s novel PWS technology, which aims to revolutionize green hydrogen production by eliminating the need for solar or wind farms and expensive electrolysers. The pilot plant at Roseworthy is set to become a significant site for R&D, reinforcing Sparc Hydrogen’s first-mover advantage in this emerging technology.

Sparc Technologies Advances Green Hydrogen Pilot Plant in South Australia
Jun 24, 2025

Sparc Technologies Ltd has announced the progress of its Sparc Hydrogen pilot plant, a pioneering facility for green hydrogen production, located at the University of Adelaide’s Roseworthy Campus. The plant, which uses photocatalytic water splitting technology, is on track for commissioning in July 2025. This development marks a significant step in commercializing Sparc’s patented technology, aiming to address the high costs associated with traditional hydrogen production methods. The pilot plant will serve as a research and development hub, testing various reactor designs and photocatalyst materials, thereby reinforcing Sparc’s leading position in the emerging solar-to-hydrogen market.

Sparc Technologies Announces Change in Substantial Holder Interests
Jun 19, 2025

Sparc Technologies Limited has announced a change in the interests of its substantial holder, Innovation & Commercial Partners Pty Ltd, along with The University of Adelaide. The change, effective from June 6, 2025, reflects a dilution in voting power from 8.35% to 5.61% due to the reduction in the number of voting shares held by these entities. This adjustment in shareholding may influence Sparc Technologies’ governance and decision-making processes, potentially impacting stakeholders and the company’s strategic direction.

Sparc Technologies Announces Change in Substantial Holder’s Interests
Jun 17, 2025

Sparc Technologies Ltd has announced a change in the interests of its substantial holder, Stephen Brian Hunt. As of June 5, 2025, Hunt’s voting power has decreased from 11% to 6.76% due to dilution. This change affects the company’s voting shares and may influence its governance and decision-making processes.

Sparc Technologies Announces Quotation of New Securities on ASX
Jun 5, 2025

Sparc Technologies Ltd has announced the quotation of 6,841,491 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of June 5, 2025. This move is part of a previously announced transaction, potentially enhancing the company’s market presence and providing additional liquidity for stakeholders.

Sparc Technologies’ Share Purchase Plan Exceeds Expectations
Jun 5, 2025

Sparc Technologies Limited announced that its Share Purchase Plan (SPP) was significantly oversubscribed, receiving applications totaling A$1,026,214, surpassing the initial target of A$500,000. This strong shareholder support allows Sparc to enhance its financial platform to commercialize its graphene-based additives and advance its green hydrogen initiatives. The company exercised discretion to accept all valid applications, increasing the SPP size to accommodate the demand, and will issue new shares at A$0.15 each. This development follows a successful share placement that raised A$2.2 million, further solidifying Sparc’s financial position to pursue its key objectives.

Sparc Technologies and Detmold Packaging Collaborate on Graphene-Enhanced Packaging
May 30, 2025

Sparc Technologies has entered a Collaboration Agreement with Detmold Packaging to develop graphene-enhanced paper packaging products. This partnership aims to improve the sustainability and performance of Detmold’s packaging solutions by incorporating Sparc’s graphene additives. The agreement marks a strategic milestone for Sparc as it extends its R&D efforts into new markets, although the immediate financial impact is not expected to be significant. The collaboration will involve research, testing, and potentially pilot trials, with commercial terms to be negotiated separately.

Sparc Technologies Hosts Investor Webinar on Green Hydrogen Developments
May 27, 2025

Sparc Technologies Ltd announced an investor webinar hosted by Managing Director Nick O’Loughlin to provide updates on their green hydrogen technology and pilot plant development. This initiative underscores Sparc’s commitment to advancing renewable energy solutions, potentially enhancing its market position and offering significant implications for stakeholders interested in sustainable energy innovations.

Sparc Technologies to Host Investor Webinar on Green Hydrogen Advancements
May 23, 2025

Sparc Technologies Ltd has announced an upcoming investor webinar hosted by Managing Director Nick O’Loughlin, which will provide updates on Sparc Hydrogen’s green hydrogen technology and pilot plant development. This initiative highlights Sparc’s commitment to advancing renewable energy solutions and could potentially strengthen its position in the green hydrogen market by showcasing the economic and scalable benefits of its patented photocatalytic water splitting technology.

Sparc Technologies Outlines Strategic Focus Amidst Industry Challenges
May 8, 2025

Sparc Technologies Ltd has released a presentation outlining its strategic focus and potential risks associated with its operations. The document emphasizes the company’s commitment to innovation while acknowledging the uncertainties and risks inherent in its business model, including financial and operational challenges that could impact future performance.

Sparc Technologies Launches Share Purchase Plan for Growth Initiatives
May 7, 2025

Sparc Technologies Ltd is offering a share purchase plan (SPP) to eligible shareholders in Australia and New Zealand, allowing them to purchase shares at A$0.15 each, with a maximum investment of A$30,000. The funds raised will be used for field trials and commercialization of ecosparc®, investment in Sparc Hydrogen, research and development, patenting activities, and general working capital, potentially impacting the company’s growth and market positioning.

Sparc Technologies Issues Shares in Strategic Capital Raising
May 6, 2025

Sparc Technologies Limited has announced the issuance of 14,266,665 fully paid ordinary shares at $0.15 each as part of the first tranche of a two-tranche placement. This move is in compliance with the Corporations Act 2001, and the company has confirmed that there is no excluded information requiring disclosure. This announcement serves as a cleansing notice for the company’s share purchase plan, indicating a strategic step in their capital raising efforts.

Sparc Technologies Announces Quotation of New Securities
May 6, 2025

Sparc Technologies Ltd has announced the quotation of 14,266,665 ordinary fully paid securities on the Australian Securities Exchange (ASX) as part of a previously announced transaction. This move is expected to enhance the company’s liquidity and potentially broaden its investor base, reflecting a strategic step in its growth and market positioning.

Sparc Technologies Secures ISO Certifications, Advancing Graphene Operations
May 6, 2025

Sparc Technologies Ltd has achieved ISO certifications for quality, environmental, and occupational health and safety management systems, marking a significant milestone in its graphene division. These certifications validate Sparc’s operational standards as it progresses towards the commercialisation of ecosparc®, its graphene-based additive, which is currently undergoing field trials with major asset owners in Australia. The certifications are expected to bolster Sparc’s engagement with prospective customers and partners, supporting its transition from research and development to commercial supply.

Sparc Technologies Secures A$2.7M for Product Commercialization and R&D
May 1, 2025

Sparc Technologies Ltd has successfully secured A$2.2 million through a share placement, with plans to raise an additional A$500,000 via a Share Purchase Plan (SPP) targeting existing shareholders. The funds will be utilized for the commercialization of its ecosparc® product, support for Sparc Hydrogen, and ongoing research and development. This capital raise positions Sparc Technologies to advance its products and maintain its competitive edge in the advanced materials and renewable energy sectors.

Sparc Technologies Advances Hydrogen and Graphene Innovations in Q1 2025
Apr 30, 2025

Sparc Technologies Ltd has reported significant progress in its March 2025 Quarterly Activities Report, highlighting advancements in its Sparc Hydrogen joint venture and graphene-based additives. The company has commenced construction of a pilot plant for its photocatalytic water splitting technology, aiming to solidify its position as a leader in direct solar to hydrogen technology. Additionally, Sparc has secured a new trial agreement for its ecosparc® enhanced coatings and received a grant for developing graphene-enhanced netting for aquaculture. These developments underscore Sparc’s strategic focus on innovation and collaboration, potentially enhancing its market positioning and offering new opportunities for stakeholders.

Sparc Technologies Initiates Trading Halt Ahead of Major Capital Raising Announcement
Apr 29, 2025

Sparc Technologies Limited has requested a trading halt on its securities on the Australian Securities Exchange (ASX) pending a significant announcement related to a material capital raising. The halt is intended to help manage the company’s continuous disclosure obligations and will remain until the announcement is made or until normal trading resumes on May 1, 2025. This move indicates a potential strategic financial maneuver that could impact the company’s operations and market positioning.

Sparc Technologies Reports Successful Field Trials of Graphene-Enhanced Coatings
Apr 28, 2025

Sparc Technologies has announced successful initial results from field trials of its ecosparc® enhanced anti-corrosion coating at Streaky Bay Jetty in South Australia. The trials, conducted in collaboration with the South Australian Department for Infrastructure and Transport, showed no signs of degradation, matching the performance of market-leading coatings. This success supports commercial discussions and positions Sparc as a leader in the emerging graphene-enhanced coatings market, with commercial adoption expected in FY26. The addressable market for ecosparc® is estimated at approximately US$1.0 billion annually, driven by cost and emissions savings.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 08, 2025