Spark Networks SE
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Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | FY19 | |
|---|---|---|---|---|
| Revenue | $187.8M | $216.9M | $233.0M | $170.9M |
| Operating income | −$19.3M | −$34.0M | −$33.2M | −$29.1M |
| Net income | −$44.2M | −$68.2M | −$46.6M | −$34.9M |
| Total assets | $164.4M | $209.8M | $290.4M | $348.9M |
| Total liabilities | $171.2M | $177.1M | $195.5M | $207.7M |
| Equity | −$6.8M | $32.7M | $94.9M | $141.2M |
| EPS (diluted) | $-16.87 | $-26.10 | $-17.89 | $-17.67 |
| Shares out. | 2.6M | 2.6M | 2.6M | 2.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- −10.3%
- Net margin
- −23.5%
- Return on equity
- 651.2%
- Return on assets
- −26.9%
- Return on capital (ROCE)
- −180.0%
- Liabilities / assets
- 104.1%
- Debt / equity
- —
- Book value / share
- $-2.59
- Revenue growth (YoY)
- −13.4%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2022- Altman Z″ (distress)
- -10.95distress
- Accruals / assets
- −21.1%clean
- Beneish M-Score
- -3.59normal
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 5 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 9, 2023
- NT 10-Qmissed a reporting deadline ↗May 10, 2023
- NT 10-Kmissed a reporting deadline ↗Mar 16, 2023
- NT 10-Qmissed a reporting deadline ↗Aug 13, 2021
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Osmium Partners, Llc10% owner | Nov 10, 2023 | Sell | 233,111 | $0.01 |
| Osmium Partners, Llc10% owner | Nov 7, 2023 | Sell | 377,457 | $0.03 |
| Osmium Partners, Llc10% owner | Oct 26, 2023 | Sell | 92,000 | $0.04 |
| Osmium Partners, Llc10% owner | Dec 29, 2022 | Sell | 200,000 | $0.64 |
| Osmium Partners, Llc10% owner | Dec 27, 2022 | Sell | 150,000 | $0.70 |
| Osmium Partners, Llc10% owner | Dec 21, 2022 | Sell | 50,100 | $0.94 |
| Eichmann EricOfficer — Chief Executive Officer | Dec 20, 2021 | Option exercise | 28,063 | $0.00 |
| Bendzulla GitteOfficer — See Remarks | Dec 20, 2021 | Option exercise | 3,626 | $0.00 |
| Whitters Joseph EDirector | Dec 13, 2021 | Buy | 25,000 | $3.39 |
| Brown Colleen BDirector | Dec 10, 2021 | Buy | 2,190 | $3.40 |
| Osmium Partners, Llc10% owner | Dec 9, 2021 | Buy | 12,000 | $3.50 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Delisting / listing-standard noticeNov 6, 2023
- Entered a material agreementOct 25, 2023
- Delisting / listing-standard noticeOct 12, 2023
- Entered a material agreementOct 10, 2023
- Entered a material agreementOct 2, 2023
- Entered a material agreementOct 2, 2023
- Entered a material agreementSep 21, 2023
- Entered a material agreementSep 15, 2023
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SC 13D/ANov 13, 2023
- 4STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIESNov 13, 2023
- 4STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIESNov 9, 2023
- 15-15DNov 6, 2023
- 8-KNov 6, 2023
- SC 13D/ANov 1, 2023
- 4STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIESOct 30, 2023
- 8-KOct 25, 2023
- 8-KOct 12, 2023
- 25-NSEOct 12, 2023
- 8-KOct 10, 2023
- 3Oct 5, 2023
- 8-KOct 2, 2023
- 8-KOct 2, 2023
- 8-KSep 21, 2023
Event-driven situations (1)
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