SPYR is positioned as a diversified IoT technology company with dual market exposure in specialized asset tracking solutions and consumer smart home products. However, the company has experienced significant financial challenges, with severely diminished revenue and substantial operating losses in recent years, limiting its competitive positioning in the broader technology sector.
Cyborg Score Rationale
The company's revenue collapsed to $2,000 in 2021, declining 98.92% year-over-year, and operating losses reached $5.96 million. Trading on OTC markets with minimal liquidity and no recent positive developments suggest severe operational distress.
Top Insights
Operates dual IoT segments: GeoTraq (asset tracking/mobile modules) and Applied Magix (Apple smart home ecosystem products)
Trading on OTC markets indicates delisted status from major exchanges, reflecting financial distress
Revenue declined 98.92% to $2,000 in 2021, indicating near-total business collapse
Founded in 1988 as Eat at Joe's Ltd; rebranded to SPYR in March 2015 to pursue technology pivot
Named Competitors
Apple HomeKit — Integrated smart home ecosystem for Apple devices
AWS IoT — Cloud-based IoT platform and connectivity services
Azure IoT — Enterprise IoT solutions and cloud services
Ericsson IoT — Mobile IoT connectivity and infrastructure solutions
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