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MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Location-Based & Navigation
parking-polly.com

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Stage

Acquired | Acquired

Total Raised

$1.5M

About sPARK

sPARK's technology and unique turn-by-turn cruise-for-parking navigation algorithm allows real-time parking discovery and last-mile navigation.On March 10th, 2020, sPARK was acquired by Arrive, terms of the agreement were not disclosed.

sPARK Headquarter Location

Science 4

Yokneam,

Israel

Latest sPARK News

Spark Trading at Extreme Discount Relative to Competitors

Aug 13, 2021

Spark Trading at Extreme Discount Relative to Competitors GURU FOCUS - Aug 13 - Transformation progress makes the stock a risky buy. The market is ignoring Spark's potential. The company ~1m monthly paying subs. Spark's efforts to turn itself around include a new C-level management team and R&D spending of $54mover the last 2 years for crucial product enhancements. Investments and changes will be realized in 2H 2021: live streaming video (launching Q3), social discovery functionality, improved matching algorithms, portfolio rebranded/look. Financial results were slightly down in Q4. YOY Q4 revenue decreased by $1.3 million to $56.4m because of a 3% decrease in average paying subscribers on Zoosk. The three largest legacy brands, SilverSingles, EliteSingles and Christian Mingle, grew at low double-digits in North America. Q1 2021 adjusted Ebitda was $4.8m, a decrease of $2.7m compared to $7.5m in Q1 2020, due to Zoosk and coupled with a headcount increase. Paying subscribers decreased 3% to 896,344 in Q1 2021. Monthly ARPU increased to $20.97 in Q1 2021. Spark's valuation ratios are ~90% lower than peers.

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Expert Collections containing sPARK

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

sPARK is included in 3 Expert Collections, including Auto Tech.

A

Auto Tech

1,294 items

Startups building a next-generation mobility ecosystem, using technology to improve connectivity, safety, convenience, and efficiency in vehicles.Includes technologies such as ADAS and autonomous driving, connected vehicles, fleet telematics, V2V/V2X, and vehicle cybersecurity.

S

Smart Cities

1,347 items

C

Connected Vehicle Tech

410 items

Startups developing software and/or hardware technology that enables in-vehicle connectivity and connectivity-related applications like telematics, media, and vehicle-to-infrastructure communication.

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