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Sparx Technology Inc. (OTCQB: STCXF) announced on January 17, 2023, its engagement of Cameron Thomson Group Ltd. to enhance its sales force and expand its presence across North America, Europe, and Asia. Cameron Thomson Group specializes in business development within the media and technology sectors, leveraging its global expertise to support Sparx's innovative real-time engagement platform. CEO Al Thorgeirson expressed commitment to investing in the sales network to unlock potential in untapped regions. The platform enables interactive audience engagement through features like voting and trivia, aiming to generate new revenue streams for media companies and sports teams.
Sparx Technology Inc. (OTCQB:STCXF) reported its financial results for the fiscal year ending June 30, 2022. The company achieved revenues of $930,777, a significant increase from $698,188 in 2021, attributed to gaining new enterprise customers. Operating expenses decreased to $5,457,620 from $4,469,645 the previous year, mainly due to reduced interest expenses. However, a net loss of $4,463,552 was reported, compared to $3,638,488 in 2021. The company added six new customers, enhancing its market position.
Sparx Technology Inc. (OTCQB: STCXF) announced an extension of its partnership with New England Sports Network (NESN) to utilize its real-time engagement platform for the duration of the Boston Bruins' regular season. This collaboration will enhance live broadcasts through audience interaction features such as voting, polling, and trivia. The patented Sparx platform aims to increase viewer engagement and generate new revenue opportunities for media companies and sports teams.
Sparx Technology Inc. (OTCQB: STCXF) announced its partnership with the Portland Trail Blazers for the 2022-2023 NBA season, utilizing its real-time engagement platform. The platform enables interactive experiences such as voting, polling, and trivia, enhancing fan engagement. CEO Al Thorgeirson expressed enthusiasm about the collaboration, noting the Blazers' innovative approach to broadcasting. The patented Sparx platform aims to create interactive experiences for millions of users globally, connecting them in real-time through various devices.
Sparx Technology Inc. (OTCQB: STCXF) announced on August 5, 2022, that its common shares are now eligible for electronic clearing and settlement in the U.S. through the Depository Trust Company (DTC). This eligibility is expected to streamline trading and enhance liquidity for Sparx shares. The company's shares recently began trading on the OTCQB under the ticker symbol STCXF. DTC manages the electronic clearing of publicly traded companies, allowing for faster transactions and broader access to investors through compliance with brokerage requirements.
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