SPARK Technology A/S: Update on audited Annual Financial Report 2023 – Inside Information
Company Announcement No. 132
With reference to Company Announcement 122 Annual Financial Highlights Unaudited released on the 10. April 2024, is was reported that the fiscal year 2023 had the following financial highlights with a Gross Revenue of 182,411 tdkk, Net Revenue of 47,277 tdkk, Gross Profit of 36,804 tdkk, EBITDA of -29,929 tdkk and Net Income of -24,721 tdkk.
Some financials are expected to be changed in connection with completing the audited annual financial report 2023, with a revised Net income resultat which will be significantly changed in a negative direction mainly driven by major impairments under “Net other expenses/income” being written off, in a partly owned subsidiary JengaX AS resulting in a revised Net income in the range of -138,000 tdkk.
The completion of the Annual Financial Report is expected to be finalized and announced shortly.
Certified Adviser
Company’s Certified Adviser is Baker Tilly Corporate Finance P/S (CVR-nr. 40073310), Poul Bundgaards Vej 1, 1., DK-2500 Valby, tlf. +45 3345 1000
For further Information, please contact:
Jens B. Glaso, CEO SPARK Technology A/S. Phone +47 40 40 47 50, e-mail: [email protected]
SPARK Technology A/S
CVR nr.: 26518199
Njalsgade 76, 4.
2300 København S
Tel: +45 8830 000
About SPARK Technology A/S
In a world where 1.7 billion people are still unbanked, SPARK Technology has democratized access to financial markets by bridging the crypto sphere with traditional finance. By utilizing blockchain technology the company has created a robust real-time payment system in which everyone can manage their savings, payments, investments and loans in an honest, transparent and secure way through the SPENN App platform. Although SPARK Technology A/S is a purpose-driven company with our vision to empower people, we are also a commercial player that always strives to develop new services for our customers.
The SPENN app is an innovative and unique digital banking platform for the unbanked as well as the banked to be able to send and receive money completely cost-free, in markets where the cost of financial services is the highest in the world. SPENN is disrupting the existing mobile payment distribution channels. SPENN has launched new integrated services in the platform and expects to launch more crypto services going forward.
SPARK Technology is a technology provider to banks and governments based on a Software as a Service (SaaS) solution and has grown to become a key partner for their bank partners to drive deposits and to stay in front of innovation. SPARK Technology is helping governments regulate the unregulated utilizing new technology and visionary ideas which have ultimately solved the biggest issue within financial inclusion.
SPARK Technology A/S (under the name SPENN Technology) is listed on the Nasdaq First North Growth Market Denmark and on OTCQX in USA.
Ticker codes:
Europe – Nasdaq First North: SPENN
USA – OTCQX: SPNNF
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