The company is developing an innovative approach to fire suppression that combines early detection with intelligent, coordinated response, with the goal of better protecting people, businesses, and property. The company has multiple patents pending related to smart fire sprinkler system technology.
Cyborg Score Rationale
The company has not generated revenues from its anticipated principal operations and has sustained losses since inception. Shares are thinly traded with low volume, leading to volatile price changes. The auditor issued a going concern opinion, indicating uncertainty about the company's ability to succeed without additional financing.
Top Insights
Product prototype is approximately 90% complete, moving toward testing and market readiness phase
Completed Netcapital Regulation A offering in September 2024
No revenue generated to date; pre-commercialization stage with ongoing losses
CEO brings over a decade of fire protection experience with M.S. in Electrical Engineering and MBA
Named Competitors
Fire Protection Systems — Traditional fire protection and building automation
Fire Suppression Systems — Fire protection and safety technology
Smart Building Solutions — IoT-enabled building management and fire safety
Recent Developments
(September 2024) Completed Regulation A capital raising offering on Netcapital platform
(July 2022) Changed company name from Prime Time Holdings, Inc. to Sparx Holdings Group, Inc.
(August 2022) Entered into exclusive patent license agreement with Sparx Technologies, LLC
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