Sparc AI (Sparc AI) Gross Margin % : 0.00% (As of Mar. 2024)

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What is Sparc AI Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Sparc AI's Gross Profit for the three months ended in Mar. 2024 was $0.00 Mil. Sparc AI's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. Therefore, Sparc AI's Gross Margin % for the quarter that ended in Mar. 2024 was 0.00%. If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.

The historical rank and industry rank for Sparc AI's Gross Margin % or its related term are showing as below:

EGTTF' s Gross Margin % Range Over the Past 10 Years
Min: -587.5 Med: 19.92 Max: 80.77
Current: -587.5

During the past 5 years, the highest Gross Margin % of Sparc AI was 80.77%. The lowest was -587.50%. And the median was 19.92%.

EGTTF's Gross Margin % is ranked worse than
99.66% of 2640 companies
in the Software industry
Industry Median: 41.73 vs EGTTF: -587.50

Sparc AI had a gross margin of N/A% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Sparc AI was 0.00% per year.

Sparc AI Gross Margin % Historical Data

The historical data trend for Sparc AI's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sparc AI Gross Margin % Chart

Sparc AI Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

80.71

20.11

-4.34

8.58

32.67

Sparc AI Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial														32.95	-1,850.00	-	25.00	-

Competitive Comparison of Sparc AI's Gross Margin %

For the Software - Application subindustry, Sparc AI's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sparc AI's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Sparc AI's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Sparc AI's Gross Margin % falls into.

Sparc AI Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Sparc AI's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	0	/	0.15
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.15 - 0.101)	/	0.15
	=	32.67 %

Sparc AI's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0	/	0
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0 - 0)	/	0
	=	N/A %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Sparc AI (OTCPK:EGTTF) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Sparc AI had a gross margin of N/A% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Sparc AI Gross Margin % Related Terms

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Sparc AI (Sparc AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sparc AI Inc (OTCPK:EGTTF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

SPAI:Canada

Address

71 Victoria Crescent, Building 17, Abbotsford, VIC, AUS, 3067

Website

https://www.eyefigroup.com

Sparc AI Inc Formerly EYEFI Group Technologies Inc is a software and electronics engineering company that has developed, patented and commercialized an innovative spatial technology; spatial, predictive, approximation and radial convolution (SPARC) and an associated product suite, that turns sensors, cameras and smartphones (fixed, mobile, airborne, portable or handheld) into geo-target co-ordinate acquisition devices. The company has also developed IIoT sensor hardware and associated cloud software, as a second pillar within its product offering. Its Cloud is a next-generation cloud platform that provides a secure and centralized environment where customers can manage their EYEfi product deployments and applications. It has one segment software and electronics engineering services.