SPARQ Corp.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Praveen K. Jain
- Sector
- Energy
- Industry
- Solar
- Address
- 945 Princess Street Kingston ON Canada K7L 0E9
- IPO Date
- Aug 22, 2022
- Website
- sparqsys.com
- Similar Companies
- Business
- SPARQ Systems Inc. engages in the design, manufacture, and sale of single-phase microinverters primarily for residential and commercial solar electric applications. Its main products include the Q2000 Quad Microinverters, a proprietary photovoltaic solution that enhances solar energy system efficiency; Sparqlinq, a real-time performance monitoring platform for energy system data access and analysis; SparqVu, an energy management system designed for multi-site monitoring; and various cables and accessories supporting solar installations. Founded in 2009 and headquartered in Kingston, Canada, SPARQ operates primarily in the renewable energy and solar technology sector, targeting residential and commercial solar markets internationally. The company recently changed its name from SPARQ Corp. to SPARQ Systems Inc. in December 2022. In 2024, SPARQ received significant purchase orders from the Indian market, including over 6,000 Q2000 units in June and an additional 10,000 units in August, totaling more than 20 MW of microinverter systems, reflecting strategic international market expansion. The company also successfully closed the first tranche of a private placement in mid-2024 to support growth activities and expanded its product offerings with the introduction of unique integrated photovoltaic and battery Quad Microinverters, underscoring a focus on innovation and enhanced energy solutions. SPARQ maintains a position of financial prudence with no reported debt and steadily manages its cash resources to support operational development and market penetration. The leadership team includes CEO Dr. Praveen K. Jain and CTO Dr. Majid Pahlevaninezhad, emphasizing a strong technology and operational focus in the company’s strategic direction. The company trades on the TSX Venture Exchange under the ticker SPRQ (OTCQB: SPRQF) and remains a notable player in the global solar energy equipment sector.
Sparq Receives Expanded Purchase Order for $32 Million of Microinverters
Sparq Receives Purchase Order For 60 MW of Microinverters
Sparq Announces Engagement of Corporate Communications Consultant
Praveen Jain, CEO of Sparq Systems Inc., Awarded Order of Canada
Majid Pahlevani, CTO of Sparq Systems Inc., Named an IEEE Fellow
Sparq Announces AI-Driven Grid Power Control Device
Sparq Announces Entry into African Microinverter Market
Sparq Announces Termination of Investor Relations Agreement
Sparq Announces Development of Duo Microinverter
Sparq Announces Engagement of Investor Relations Consultant
Sparq Announces Commencement of Commercial Production in India
SPARQ Systems Named in TSX Venture 50 List of Top Performing Companies
SPARQ Introduces Unique Integrated PV and Battery Quad Microinverter
SPARQ Comments on Recent Market Activity
SPARQ Engages Integral Wealth Securities for Market-Making Services
SPARQ Announces Appointment of New Director
SPARQ Receives Purchase Order for Additional 20 MW Worth of Microinverters
SPARQ Announces Appointment of Chief Technology Officer and Stock Option Grants
SPARQ Receives 12 MW Worth of Purchase Orders
SPARQ Completes Previously Announced Shares for Debt Settlement