Sparta Commercial Services, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2022
March 17, 2022 at 04:31 pm EDT
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Sparta Commercial Services, Inc. reported earnings results for the third quarter and nine months ended January 31, 2022. For the third quarter, the company reported sales was USD 0.008714 million compared to USD 0.004253 million a year ago. Revenue was USD 0.121405 million compared to USD 0.053473 million a year ago. Net loss was USD 1.74 million compared to USD 0.120808 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.02 a year ago.
For the nine months, sales was USD 0.01817 million compared to USD 0.010026 million a year ago. Revenue was USD 0.187103 million compared to USD 0.195027 million a year ago. Net loss was USD 6.84 million compared to USD 2.51 million 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. 
