Sparc Technologies Ltd (AU:SPN)
ASX:SPN
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Sparc Technologies Ltd
(Sydney:SPN)
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Rating:57Neutral
Price Target:
AU$0.31
▲(63.68% Upside)
Action:ReiteratedDate:05/01/26
The score is driven by strong technical momentum (price above major moving averages with positive MACD). Financial performance is mixed: rapid revenue growth and low leverage are positives, but persistent losses and negative operating cash flow materially limit the rating. Valuation is constrained by a negative P/E tied to unprofitable earnings.
Positive Factors
Strong Revenue Growth
Sustained top-line expansion (92.9% growth) indicates measurable commercial traction for products or services. Over a multi-month horizon, persistent revenue growth can fund further R&D, support scaling initiatives, and improve bargaining power with partners, reducing reliance on external financing.
Negative Factors
Persistent Unprofitability
Ongoing negative EBIT and net margins, plus negative ROE, indicate the business is not generating economic returns on capital. Over 2–6 months this limits internal funding, increases financing needs, and raises the risk that growth initiatives will require dilutive capital or be curtailed if profitability trends don't reverse.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained top-line expansion (92.9% growth) indicates measurable commercial traction for products or services. Over a multi-month horizon, persistent revenue growth can fund further R&D, support scaling initiatives, and improve bargaining power with partners, reducing reliance on external financing.
Read all positive factors
Sparc Technologies Ltd (SPN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$35.45M
Dividend YieldN/A
Average Volume (3M)82.35K
Price to Earnings (P/E)―
Beta (1Y)1.38
Revenue GrowthN/A
EPS Growth8.16%
CountryAU
Employees6
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.00
Shares Outstanding118,175,980
10 Day Avg. Volume64,836
30 Day Avg. Volume82,349
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)3.52
Price to Sales (P/S)6.86
P/FCF Ratio-7.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sparc Technologies Ltd Business Overview & Revenue Model
Company Description
Sparc 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 ...
How the Company Makes Money
null...
Sparc Technologies Ltd Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.04M | 2.15M | 1.42M | 947.37K | 604.52K | 64.06K |
| Gross Profit | 933.42K | 2.15M | 1.42M | 615.97K | 432.13K | -42.85K |
| EBITDA | -2.79M | -1.70M | -3.74M | -4.88M | -14.61M | -5.58M |
| Net Income | -3.33M | -2.28M | -4.27M | -4.49M | -14.20M | -5.63M |
Balance Sheet | ||||||
| Total Assets | 3.40M | 5.33M | 3.46M | 4.40M | 4.48M | 4.03M |
| Cash, Cash Equivalents and Short-Term Investments | 1.94M | 3.29M | 2.71M | 2.96M | 2.14M | 2.93M |
| Total Debt | 707.02K | 70.94K | 202.97K | 315.86K | 399.02K | 490.99K |
| Total Liabilities | 747.42K | 1.13M | 529.13K | 899.13K | 832.22K | 635.23K |
| Stockholders Equity | 2.65M | 4.20M | 2.93M | 3.51M | 3.65M | 3.39M |
Cash Flow | ||||||
| Free Cash Flow | -2.23M | -2.04M | -2.24M | -2.63M | -4.92M | -2.68M |
| Operating Cash Flow | -2.14M | -2.02M | -2.22M | -2.47M | -4.61M | -2.35M |
| Investing Cash Flow | -706.55K | -1.05M | -19.04K | -159.01K | 309.10K | 1.53M |
| Financing Cash Flow | 3.05M | 3.66M | 1.99M | 3.45M | 3.50M | 3.71M |
Sparc Technologies Ltd Technical Analysis
Positive
0.19
Price Trends
0.21
Positive
0.20
Positive
0.17
Positive
Market Momentum
0.04
Negative
71.69
Negative
85.77
Negative
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 0.19 is below the 20-day moving average (MA) of 0.24, below the 50-day MA of 0.21, and above the 200-day MA of 0.17, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 71.69 is Negative, neither overbought nor oversold. The STOCH value of 85.77 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | AU$35.45M | -2.95 | -97.12% | ― | ― | 8.16% | |
55 Neutral | AU$35.97M | -2.92 | -82.31% | ― | 23.44% | 42.80% | |
50 Neutral | AU$17.68M | -10.44 | -6.05% | ― | -6.98% | -243.52% | |
44 Neutral | AU$21.89M | -1.13 | 242.65% | ― | -35.41% | -86.36% | |
44 Neutral | AU$117.60M | -1.24 | -73.16% | ― | 21.36% | -70.37% | |
41 Neutral | AU$22.18M | -1.69 | 483.00% | ― | ― | -42.68% |
* Basic Materials Sector Average
AU:SPN
Sparc Technologies Ltd
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Sparc Technologies Ltd Corporate Events
Sparc Technologies halts trading ahead of material ecosparc update
Apr 29, 2026
Sparc Technologies has requested an immediate trading halt in its shares on the ASX as it prepares to release a material update regarding its ecosparc product. The halt is intended to help the company manage its continuous disclosure obligations, ...
Sparc Technologies says podcast may explain share price surge amid ASX query
Apr 7, 2026
Sparc Technologies has responded to an ASX price query after its share price rose from $0.175 on 2 April 2026 to an intraday high of $0.230, accompanied by a significant increase in trading volumes. The company stated it is not aware of any undisc...
Sparc Technologies Secures $680K Non‑Dilutive R&D Funding to Back ecosparc® Rollout
Mar 24, 2026
Sparc Technologies has secured a $680,000 advance from Rockford Equity against a portion of its expected FY26 RD tax refund, leveraging Australia’s RD Tax Incentive scheme, under which it has previously received about $5.1 million between FY...
Sparc Deepens Graphene Push With HydroGraph Coatings Deal
Mar 23, 2026
Sparc Technologies has signed a Letter of Intent with HydroGraph Clean Power to evaluate incorporating HydroGraph’s Fractal Graphene into Sparc’s ecosparc additives for both water-based and solvent-based protective coatings. The move f...
Sparc Technologies Options Lapse, Simplifying Capital Structure
Mar 2, 2026
Sparc Technologies Ltd has announced the cessation of 1,000,000 SPNAM options, which were scheduled to expire on 28 February 2026 with an exercise price of $1.20. The options lapsed unexercised, resulting in a reduction of the company’s outs...
Sparc Technologies posts wider interim loss as non-cash charges weigh on results
Feb 27, 2026
Sparc Technologies Limited reported a net loss after tax of A$1.86 million for the half year ended 31 December 2025, compared with the prior corresponding period, reflecting higher non-cash charges and its share of losses from associate Sparc Hydr...
Sparc Teams with AIML on AI Software to Modernise Corrosion Testing
Feb 2, 2026
Sparc Technologies has partnered with the Australian Institute for Machine Learning at the University of Adelaide to co-develop AI-driven software that modernises the assessment of protective coatings, replacing long-standing manual corrosion eval...
Sparc Technologies Publishes Investor Webinar Presentation Slides
Feb 2, 2026
Sparc Technologies has released the slide deck that Managing Director Nick O’Loughlin will present during an online investor webinar scheduled for 11:30am AEDT on 2 February 2026, with the session aimed at updating the market on the company&...
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.