EYEFI Group Technologies Inc.
EGTTF
Other OTC0.19
USD
+0.01
- -
ISIN
CA8465011044
Return %
Stock
S&P500
1Y
34.18
26.84
3Y
-60.20
77.03
5Y
-60.20
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Anoosh Manzoori
- Sector
- Technology
- Industry
- Software - Application
- Address
- Building 1 Collingwood VIC Australia 3066
- IPO Date
- Sep 15, 2021
- Website
- eyefi.com.au
- Similar Companies
- Business
- Sparc AI Inc., formerly known as EYEFI Group Technologies Inc. and trading under the ticker EGTTF (CSE: SPAI), operates as a software and electronics engineering company that develops, patents, and commercializes innovative spatial, predictive, approximation, and radial convolution technology called SPARC AI; this technology, along with its associated product suite, enables any sensor, camera, or smartphone device—whether fixed, mobile, airborne, portable, or handheld—to function as a target coordinate acquisition system without reliance on satellites, GPS, or the internet. Core offerings include the SPARC AI platform for real-time spatial targeting and intelligence gathering; EYEfi Cloud, a mobile-friendly web application providing remote monitoring, situational awareness, and software capability plugins such as Smart Waste for bin fill-level analysis and automated collection scheduling, Smart Drain for stormwater pit monitoring and flood alerts, and Automated Incident Management (AIM) for live video, GPS tracking, and incident recording; and IIoT sensor hardware integrated with cloud software for applications in asset management, emergency response, infrastructure monitoring, and environmental protection. The company targets government agencies, road authorities, emergency services, waste providers, and private enterprises in sectors like public safety, utilities, and industrial IoT, with deployments across Australia, New Zealand, Canada, and potential expansion into the United States; it holds international patents in the USA, Canada, China, Japan, South Korea, Australia, and New Zealand, alongside trademarks like EYEFi and Spatialeye. Founded in 2018 and headquartered at Level 8, 90 Collins Street, Melbourne, Australia, with a registered office in Vancouver, British Columbia, Canada, the company underwent significant restructuring in June 2023, including the transfer of SPARC IP assets to the parent entity and the sale of its wholly-owned subsidiary EYEfi Pty Ltd to a group of shareholders in exchange for the cancellation of 18,951,061 common shares and a contingent promissory note of CAD $2.2 million; this transaction resulted in a reported profit on sale of approximately $3.6 million and refocused operations on SPARC commercialization, including embedding the technology into microchips for integration with third-party drones and cameras. In July 2023, Sparc AI incorporated a new 100% owned subsidiary, SPARC AI Pty Ltd, for Australian commercialization activities; later in December 2023, it completed a private placement raising CAD $372,002 through 3,389,777 shares at $0.11 each to fund IP development, settling $135,000 in debt and providing net cash proceeds of $237,002; as of late 2023, SPARC AI microchips were reported ready for testing, with product launch targeted for the second half of 2025.
CSE Bulletin: Name and Symbol Change - EYEFI Group Technologies Inc. (EGTI)