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Sparc Technologies Ltd (AU:SPN)
ASX:SPN
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Sparc Technologies Ltd (SPN) AI Stock Analysis

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AU:SPN

Sparc Technologies Ltd

(Sydney:SPN)

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Neutral 48 (OpenAI - 4o)
Rating:48Neutral
Price Target:
AU$0.15
▼(-4.38% Downside)
Sparc Technologies Ltd's overall stock score is primarily impacted by its financial performance, which shows strong revenue growth but significant profitability challenges. Technical analysis suggests mixed signals with short-term bullishness but potential for a pullback. Valuation is weak due to negative earnings and lack of dividends.
Positive Factors
Revenue Growth
Strong revenue growth indicates successful market expansion and product adoption, enhancing long-term business prospects.
Stable Balance Sheet
A stable balance sheet with low leverage reduces financial risk and provides a solid foundation for future growth.
Cash Flow Improvement
Improving free cash flow indicates better cash generation, which can support reinvestment and reduce reliance on external financing.
Negative Factors
Profitability Challenges
Ongoing profitability issues may hinder long-term sustainability and limit the ability to invest in growth opportunities.
Negative Operating Cash Flow
Negative operating cash flow suggests difficulties in converting revenue into cash, potentially impacting liquidity and operational flexibility.
Negative Return on Equity
Negative return on equity reflects inefficiency in using equity capital, which can deter investors and affect capital raising efforts.

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

Sparc Technologies Ltd Business Overview & Revenue Model

Company DescriptionSparc Technologies Ltd (SPN) is a leading technology company specializing in innovative solutions across various sectors, including renewable energy, advanced materials, and smart grid technology. The company focuses on developing cutting-edge products that enhance energy efficiency and sustainability, catering to both commercial and industrial clients. With a strong commitment to research and development, Sparc Technologies aims to deliver high-performance solutions that address the growing demand for eco-friendly technologies.
How the Company Makes MoneySparc Technologies generates revenue through multiple streams, including the sale of proprietary technology products, consulting services, and strategic partnerships. The company monetizes its innovative solutions by offering advanced materials and energy-efficient technologies to manufacturers and energy providers. Additionally, Sparc Technologies engages in consulting services, helping organizations optimize their energy usage and implement sustainable practices. Key revenue streams are bolstered by collaborations with industry leaders and government contracts focused on renewable energy projects. These partnerships not only provide significant financial support but also enhance the company's market reach and credibility in the technology sector.

Sparc Technologies Ltd Financial Statement Overview

Summary
Sparc Technologies Ltd is experiencing strong revenue growth, but profitability remains a significant challenge. The balance sheet is stable with low leverage, but the company needs to improve its return on equity. Cash flow trends are improving, but the company must address its negative operating cash flow to enhance financial health.
Income Statement
45
Neutral
Sparc Technologies Ltd has shown significant revenue growth with a 92.9% increase in the latest year, indicating strong top-line expansion. However, the company is struggling with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin remains high at 100%, but the net profit margin is deeply negative, reflecting substantial losses.
Balance Sheet
55
Neutral
The balance sheet is relatively stable with a low debt-to-equity ratio of 0.017, suggesting limited leverage and financial risk. However, the return on equity is negative, indicating that the company is not generating profits from shareholders' equity. The equity ratio is healthy, showing a strong equity base relative to total assets.
Cash Flow
50
Neutral
The cash flow statement reveals a positive trend in free cash flow growth, which increased by 193.42%. However, the operating cash flow remains negative, and the operating cash flow to net income ratio is unfavorable, indicating challenges in converting income into cash. The free cash flow to net income ratio is slightly above 1, suggesting some efficiency in cash generation relative to net losses.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.15M2.15M1.42M947.37K604.52K64.06K
Gross Profit2.15M2.15M1.42M615.97K432.13K-42.85K
EBITDA-3.21M-1.70M-3.74M-4.88M-14.61M-5.58M
Net Income-2.28M-2.28M-4.27M-4.49M-14.20M-5.63M
Balance Sheet
Total Assets5.33M5.33M3.46M4.40M4.48M4.03M
Cash, Cash Equivalents and Short-Term Investments3.29M3.29M2.71M2.96M2.14M2.93M
Total Debt70.94K70.94K202.97K315.86K399.02K490.99K
Total Liabilities1.13M1.13M529.13K899.13K832.22K635.23K
Stockholders Equity4.20M4.20M2.93M3.51M3.65M3.39M
Cash Flow
Free Cash Flow-2.04M-2.04M-2.24M-2.63M-4.92M-2.68M
Operating Cash Flow-2.02M-2.02M-2.22M-2.47M-4.61M-2.35M
Investing Cash Flow-1.05M-1.05M-19.04K-159.01K309.10K1.53M
Financing Cash Flow3.66M3.66M1.99M3.45M3.50M3.71M

Sparc Technologies Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.16
Price Trends
50DMA
0.15
Positive
100DMA
0.15
Positive
200DMA
0.16
Negative
Market Momentum
MACD
<0.01
Negative
RSI
57.84
Neutral
STOCH
75.00
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 0.15, and below the 200-day MA of 0.16, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.84 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 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 (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
55
Neutral
AU$41.39M-5.36-67.76%7.08%33.70%
54
Neutral
AU$86.02M-4.07-22.28%16.47%29.53%
53
Neutral
AU$64.63M-73.91-1.75%-5.37%-140.00%
48
Neutral
AU$17.02M-6.28-63.81%52.66%
37
Underperform
€11.26M-2.63-263.52%-32.85%28.30%
28
Underperform
€33.19M-3.52-869.14%340.27%19.44%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SPN
Sparc Technologies Ltd
0.16
0.00
0.00%
AU:AJX
Alexium International Group
0.01
0.00
0.00%
AU:DTZ
Dotz Nano Limited
0.06
-0.03
-34.12%
AU:SDV
SciDev Ltd
0.45
-0.16
-26.23%
AU:CXL
Calix Ltd.
0.67
-0.22
-25.14%
AU:CG1
Carbonxt Group Ltd.
0.09
0.03
50.00%

Sparc Technologies Ltd Corporate Events

Sparc Technologies Announces Cessation of 7 Million Performance Rights
Nov 13, 2025

Sparc Technologies Ltd announced the cessation of 7,000,000 performance rights due to the expiry of options or other convertible securities without exercise or conversion. This update reflects changes in the company’s issued capital, which may impact its financial structuring and stakeholder interests.

Sparc Technologies Ltd Releases Informational Presentation
Nov 11, 2025

Sparc Technologies Ltd has released a presentation for informational purposes, emphasizing that it does not constitute an offer to sell or solicit securities. The presentation contains forward-looking statements based on estimates and assumptions, highlighting potential risks and uncertainties that could impact the company’s future performance.

Sparc Technologies Secures $981K R&D Tax Refund to Boost Innovation
Nov 10, 2025

Sparc Technologies has received a $981K R&D tax refund for the fiscal year 2025 under the Australian Government’s R&D Tax Incentive program. This non-dilutive funding will bolster Sparc’s cash position, aiding in the commercialization of ecosparc® and supporting further research and development. The financial boost underscores Sparc’s commitment to advancing technologies that enhance sustainability and environmental outcomes in protective coatings and green hydrogen, potentially impacting its industry positioning and stakeholder interests.

Sparc Technologies Partners with Dulux for Historic Lighthouse Coating
Nov 9, 2025

Sparc Technologies has announced a collaboration with Dulux Australia to apply an ecosparc® enhanced protective coating on the Cape Jaffa Lighthouse, marking Sparc’s first project with Dulux and its fifth real-world application with major coatings manufacturers. This initiative is a significant step towards the commercialisation of Sparc’s graphene-based products, showcasing their potential in highly corrosive environments and reinforcing Sparc’s position in the protective coatings market.

Sparc Technologies Advances Green Hydrogen and Graphene Innovations
Oct 30, 2025

Sparc Technologies has completed construction of a pioneering green hydrogen pilot plant in South Australia, backed by a significant Australian Government grant. This facility will advance their PWS reactor technology, aiming to scale and commercialize it for next-generation hydrogen production. Additionally, Sparc’s graphene-based additives continue to show promising results in corrosion reduction, with ongoing field trials and collaborations with industry leaders. These developments position Sparc as a leader in renewable energy innovation, potentially impacting stakeholders by showcasing their technology to new investors and funding bodies.

Sparc Technologies Announces Director’s Interest Change
Oct 29, 2025

Sparc Technologies Limited has announced a change in the director’s interest, specifically involving Mr. Simon Kidston. The change involves the acquisition of 133,334 fully paid ordinary shares and 750,000 unlisted options exercisable at $0.25, expiring on 28 October 2029, through KFT Capital Pty Ltd, a director-related entity. This update reflects adjustments in the director’s securities holdings, which may influence the company’s governance and stakeholder interests.

Sparc Technologies Issues New Shares in Compliance with Corporations Act
Oct 28, 2025

Sparc Technologies Ltd has announced the issuance of 400,002 fully paid ordinary shares without disclosure to investors, in compliance with relevant sections of the Corporations Act 2001. This move, authorized by the Board, indicates the company’s adherence to regulatory requirements, potentially enhancing its market position and investor confidence.

Sparc Technologies Issues 750,000 Unlisted Options
Oct 28, 2025

Sparc Technologies Ltd announced the issuance of 750,000 unlisted options, exercisable at $0.25, set to expire on October 28, 2029. This move is part of an employee incentive scheme and reflects the company’s strategy to motivate and retain talent, potentially impacting its operational efficiency and market competitiveness.

Sparc Technologies Ltd Announces Quotation of New Securities on ASX
Oct 28, 2025

Sparc Technologies Ltd has announced the quotation of 400,002 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of October 28, 2025. This move is part of previously announced transactions and reflects the company’s ongoing efforts to strengthen its market position and enhance shareholder value.

Sparc Technologies Corrects AGM Voting Results, Confirms All Resolutions Passed
Oct 23, 2025

Sparc Technologies Ltd announced an amendment to the results of its Annual General Meeting held on October 23, 2025. The company identified an administrative error in the initial poll results due to incorrect vote exclusions as per ASX Listing Rules and the Corporations Act 2001. Despite this error, the corrected results show that all resolutions were passed with the required majority, indicating no change in the outcome of the meeting’s decisions.

Sparc Technologies Secures Strong Shareholder Support at AGM
Oct 23, 2025

Sparc Technologies Ltd announced that all resolutions at its Annual General Meeting were passed, reflecting strong shareholder support. This outcome is likely to positively impact the company’s strategic initiatives and strengthen its market position, signaling confidence in its leadership and future plans.

Sparc Technologies Announces Director’s Share Transfer
Sep 25, 2025

Sparc Technologies Limited announced a change in the director’s interest notice involving Mr. Daniel William Eddington. An off-market transfer of 100,000 fully paid ordinary shares was conducted from Dejul Trading Pty Ltd to Dacama Pty Ltd, both entities associated with Mr. Eddington. This transaction reflects internal adjustments in the director’s holdings, with no immediate impact on the company’s operations or market positioning.

Sparc Technologies Ltd Announces 2025 Annual General Meeting
Sep 22, 2025

Sparc Technologies Ltd has announced its 2025 Annual General Meeting, scheduled for October 23, 2025, in Kent Town, South Australia. The company is encouraging shareholders to engage electronically, offering digital access to the Notice of Meeting and online voting options, reflecting a shift towards more sustainable and efficient shareholder communication practices.

Sparc Technologies Schedules Annual General Meeting for October 2025
Sep 22, 2025

Sparc Technologies Limited has announced its Annual General Meeting, scheduled for 11.00am (ACDT) on Thursday, 23 October 2025, at 51 Rundle Street, Kent Town, South Australia. Shareholders are encouraged to participate by voting through the provided Proxy Form. The meeting will cover the Annual Report for the financial year ending 30 June 2025, including the Financial Report, Directors’ Report, and Auditor’s Report. Additionally, a resolution on the adoption of the Remuneration Report will be considered, although it is non-binding and advisory only.

Sparc Technologies Ltd Transitions Share Registry Services to Xcend
Sep 5, 2025

Sparc Technologies Ltd has announced a change in its share registry services, transferring responsibility from MUFG Corporate Markets (AU) Limited to Xcend Pty Ltd, effective 8 September 2025. This transition aims to enhance shareholder management through Xcend’s secure online investor portal, allowing efficient management of holdings and access to shareholder information.

Sparc Technologies Schedules 2025 Annual General Meeting
Aug 29, 2025

Sparc Technologies Limited has announced that its 2025 Annual General Meeting will take place on October 23, 2025, at 11:00 am Adelaide time. The company has also set the deadline for director nominations as September 4, 2025, indicating a structured approach to its governance and shareholder engagement.

Sparc Technologies Ltd Releases 2025 Corporate Governance Statement
Aug 28, 2025

Sparc Technologies Ltd has released its corporate governance statement for the financial year ending June 30, 2025, which is now available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting its commitment to transparency and accountability. This release is significant as it reinforces Sparc Technologies’ dedication to maintaining high governance standards, potentially impacting investor confidence and stakeholder trust.

Sparc Technologies Reports Increased Losses and No Dividends for 2025
Aug 28, 2025

Sparc Technologies Limited has reported its preliminary financial results for the year ending June 30, 2025, showing a significant decline in revenues and increased losses compared to the previous year. The company did not declare any dividends, and its net tangible assets per security have decreased. The financial statements have been audited with an unmodified opinion, indicating no significant issues in the reported figures.

Sparc Technologies Boosts Anticorrosion Performance in Water-Based Coatings
Aug 25, 2025

Sparc Technologies Limited has announced significant improvements in anticorrosion performance for water-based coatings using graphene-enhanced additives. The recent tests showed up to 60% reduction in corrosion compared to commercially available products, highlighting Sparc’s leading position in the market for sustainable coatings. This advancement not only strengthens Sparc’s market presence but also expands its reach into the growing water-based coatings sector, offering potential growth opportunities and broader customer engagement as the company approaches commercialization.

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: Nov 18, 2025