Sparta Commercial Services, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2023
March 22, 2023 at 05:26 pm EDT
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Sparta Commercial Services, Inc. reported earnings results for the third quarter and nine months ended January 31, 2023. For the third quarter, the company reported sales was USD 0.00355 million compared to USD 0.008714 million a year ago. Revenue was USD 0.06367 million compared to USD 0.121405 million a year ago. Net loss was USD 0.347737 million compared to USD 1.74 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.13 a year ago.
For the nine months, sales was USD 0.015483 million compared to USD 0.01817 million a year ago. Revenue was USD 0.189042 million compared to USD 0.187103 million a year ago. Net income was USD 3.11 million compared to net loss of USD 6.84 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to basic loss per share from continuing operations of USD 0.54 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. 
