Mar. 30 at 11:37 AM
$SPAIF Sparc Al Inc. (SPAI.CN) (SPAIF): SPAI has already had a strong run from
$0.20. But one can't just look at stock price, they need to look at market cap. With 25 million shares outstanding, SPAI has a
$60 million market cap. This is peanuts for a company with a recently commercialized drone technology platform that doesn't rely on GPS. On March 19th, SPAI announced an order for the company's GPS-denied navigation solution from a UAE group supporting defense operations. For comparison, Swarmer, Inc (SWMR), a creator of a software stack that enables an operator to operate hundreds of drones in a swarm at once, has a
$430 million market cap despite only having a little over
$300,000 in revenue for each of 2024 and 2025. Drone software companies are valued very aggressively right now and SWMR's move since its IPO has been from the situation in Iran. Despite the fact that SWMR's area of focus is actually in Ukraine.