Sparta Commercial Services, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended October 31, 2023
December 20, 2023 at 04:31 pm EST
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Sparta Commercial Services, Inc. reported earnings results for the second quarter and six months ended October 31, 2023. For the second quarter, the company reported sales was USD 0.009543 million compared to USD 0.006447 million a year ago. Revenue was USD 0.052418 million compared to USD 0.056419 million a year ago. Net loss was USD 0.364391 million compared to net income of USD 2.35 million a year ago. Basic loss per share from continuing operations was USD 0.015 compared to basic earnings per share from continuing operations of USD 0.129 a year ago.
For the six months, sales was USD 0.016626 million compared to USD 0.011933 million a year ago. Revenue was USD 0.114697 million compared to USD 0.125372 million a year ago. Net loss was USD 0.575734 million compared to net income of USD 3.45 million a year ago. Basic loss per share from continuing operations was USD 0.024 compared to basic earnings per share from continuing operations of USD 0.2 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. 
