Sparta Commercial Services, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended October 31, 2022
December 20, 2022 at 05:30 pm EST
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Sparta Commercial Services, Inc. reported earnings results for the second quarter and six months ended October 31, 2022. For the second quarter, the company reported sales was USD 0.006447 million compared to USD 0.009456 million a year ago. Revenue was USD 0.056419 million compared to USD 0.065698 million a year ago. Net income was USD 2.36 million compared to net loss of USD 5.12 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to basic loss per share from continuing operations of USD 0.43 a year ago.
For the six months, sales was USD 0.011933 million compared to USD 0.013584 million a year ago. Revenue was USD 0.125372 million compared to USD 0.126383 million a year ago. Net income was USD 3.47 million compared to net loss of USD 4.74 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to basic loss per share from continuing operations of USD 0.42 a year ago.
Sparta Commercial Services, Inc. operates across three business sectors, including financial services, e-commerce and mobile technology, and health and wellness. The Company provides retail installment loans and leases through authorized motorcycle dealerships. It also creates and maintains a full underwriting and servicing platform for its portfolio. It is available online and at a range of various dealership websites and showrooms, including Cyclechex, RVchex, and Truckchex. With iMobile App, the Company provides mobile technology services, including Web and mobile application creation, development and management for a range of businesses to increase revenue, build brand recognition, and improve customer engagement. It also offers an online B to C Website: www.newworldhealthbrands.com, featuring dietary supplements, including vitamins and minerals, such as, Iodine for children and adults, Boron, copper/Zinc/Selenium, Magnesium, Spermidine, Vitamin B Complex, Vitamin C, and PQQ.
SPARTA COMMERCIAL SERVICES, INC. 
