SPARTA COMMERCIAL SERVICES, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $345.3K | $235.5K | $192.0K | $256.9K | $245.5K | $259.7K | $320.8K | $384.7K |
| Cost of Revenue | $28.1K | $28.2K | $36.8K | $43.0K | $50.6K | $61.0K | $60.3K | $29.6K |
| Gross Profit | $317.2K | $207.4K | $155.3K | $213.9K | $194.9K | $198.7K | $260.5K | $355.1K |
| Gross Margin | 91.9% | 88.0% | 80.9% | 83.3% | 79.4% | 76.5% | 81.2% | 92.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | $217.1K | — | — | — |
| SG&A Expense | $221.8K | $196.0K | $184.9K | $251.4K | $895.6K | $1.4M | $1.1M | $1.2M |
| Operating Income | $-2.1M | $-1.2M | $-864.5K | $-1.4M | $-1.7M | $-1.2M | $-792.0K | $-847.0K |
| Operating Margin | -611.8% | -520.1% | -450.2% | -540.9% | -681.6% | -460.5% | -246.9% | -220.2% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $-2.9M | $-2.1M | $-607.3K | $1.0M | $-2.2M | $-2.3M | $-787.2K | $-1.7M |
| Net Margin | -826.4% | -897.8% | -316.2% | 397.2% | -894.5% | -877.1% | -245.4% | -439.1% |
| EPS (Basic) | $-0.06 | $-0.06 | $-0.02 | $0.05 | $-0.16 | $-0.19 | $-0.06 | $0.00 |
| EPS (Diluted) | $-0.06 | $-0.06 | $-0.02 | $0.05 | $-0.16 | $-0.16 | $-0.06 | $0.00 |
| Shares Outstanding (Basic) | 45.1M | 35.6M | 28.3M | 19.4M | 13.7M | 12.5M | 1.29B | 1.25B |
| Shares Outstanding (Diluted) | 45.1M | 35.6M | 28.3M | 19.4M | 13.7M | 12.5M | 1.29B | 1.25B |
| Dividends Per Share | — | — | — | — | — | — | — | — |