This week will be busy for Big Tech giants, the S&P 500’s most heavily-weighted components — Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOGL), Facebook parent company Meta (NASDAQ: FB), Apple (NASDAQ: AAPL), and Amazon (NASDAQ: AMZN) — are among 180 companies scheduled to report first-quarter earnings figures through Friday.
Tech. investors looking for speculative plays in this busy week, should start researching Sparta Commercial Services, Inc., (OTC: SRCO) founded in 2004, is a New York City-based technology company that has its roots in the Powersports industry where it originally focused on providing consumer and municipal financing to the Powersports, recreation, and automobile industries. SRCO, through its subsidiaries, offers a one-stop online wide range of technology products and services and offers a full line of wellness products in the cannabidiol arena through a consumer-facing website and mobile app.
Some key points about SRCO:
– Multiple Subsidiaries in Finance, Mobile Apps & Wellness Sectors
– Leon County, FL Sheriff’s Dept. Joins Municipal Lease Program.
– Cryptocurrency Payment Platform Launched with a Range of Options
– Town of Yemassee, SC Renews Business with Municipal Finance Program
– Town of Candor, NC Continues with Multiple Finance Program Contracts
– Southwest’s Most Exclusive Private Car Club Joins as iMobileApp Client.
Sparta Commercial Services, Inc., (www.spartacommercial.com), is the parent company of three subsidiaries: iMobile Solutions, Inc., New World Health Brands, Inc., and Sparta Crypto, Inc., offering a variety of products and services. The stock is starting to receive a bump in awareness which could push the price higher in the near term. Start your research today.
Sify Technologies Limited (NASDAQ:SIFY) – For the FY 2021-22, the company revenue of Revenue INR 27,026 Million, an increase of 11% over last year. EBITDA was INR 6,034 Million, an increase of 19% over last year. PAT was INR 1,353 Million, a decrease of 12% over last year.
Mr. Raju Vegesna, Chairman, said, “A string of legislation like the Data Accessibility and Use policy, the Personal Data protection bill, the Cybersecurity policy and the new Digital Law demonstrate the government’s intention to reassure MNC and Indian Enterprises that were cautious about India’s IT framework, ecosystem and regulations.
Sigma Labs Inc.(NASDAQ:SGLB)- In the first quarter, Revenue came in at $51,844 compared to revenues of $0.5 million for the first quarter of 2021. Gross profit was $11,785, which resulted in a gross margin of 23% as compared to $0.3 million, or 72% in the first quarter of 2021.
Net loss for the first quarter of 2022 worsened to $2.2 million, or $0.21 per share, as compared to a net loss of $0.7 million, or $0.09 per share, in the first quarter of 2021.
“The first quarter of 2022 is the beginning of a new era for Sigma Labs. An era in which we move from one off project sales, to one that we believe is accessible at scale for supporting qualification and production across thousands of machines at hundreds of customer sites,” commented Jacob Brunsberg, Sigma’s President, and Chief Executive Officer.
AGM Group Holdings Inc (NASDAQ:AGMH) – In the fourth quarter, Total revenues were $31.37 million, an increase of approximately $31.36 million from $13,595 in the same period of 2020. Gross profit was $5.88 million, an increase of approximately $5.88 million from $4,933 in the same period of 2020.
Net income jumped to $3.84 million, compared to net loss of $92,664 in the same period of 2020.
Mr. Chenjun Li, Chairman and Co-Chief Executive Officer of the Company, commented, “We have capped off a great year with a strong quarter. Despite the near-term volatility in the prices of Bitcoin and other digital assets, we witnessed solid growth in demand for cryptocurrency mining and increased deliveries of mining equipment.
Socket Mobile Inc (NASDAQ:SCKT) – Data capture and delivery solutions providing leader Socket Mobile was in the news earlier on this month after it made a key announcement.
On April 12 the company announced that it had been successful in shipping its millionth scanning device for the first fiscal quarter of 2022. The company has managed to emerge as one of the more trusted mobile data capture tools providers in recent times and the milestone that it hit in the first quarter was perhaps proof of that. It may be a good idea for investors to consider keeping the stock on their watch lists.
Moxian Inc (NASDAQ:MOXC) – The Internet media marketing services providing company Moxian Inc may not have been in the news for some months but back in February this year there had been a major development.
At the time, the company had announced that it had managed to close its private placement in which it issued as many as 16 million new shares for the price of $2.50 each. In the process, it managed to bring in as much as $40 million in the form of net proceeds. Out of that $29.8 million had been used by Moxian to buy Bitcoin.
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