SPA - SPACETALK Limited

[Dona Ferentes]

making it to Tim Boreham's 2021 tips -: Criterion's list of stocks to watch in 2021

Spacetalk (ASX: SPA) :: $20 million

Formerly known as MWR Communications, Spacetalk last month changed its moniker to reflect its lead wearable devices that keep primary school kids safe through GPS tracking and a call function to trusted parties only.
Think of the watches as a ‘gateway device’ to the real thing when they hit their teens.

Spacetalk is now targeting the over 65s audience with a more expensive variant to allow monitoring of vulnerable relatives.

Spacetalk’s stagnant share price over the last year does not reflect its stellar progress.

 

[greggles]

Spacetalk share price soaring today on news that Telstra is to sell Spacetalk Adventurer devices in Australia.

No details regarding expected sales volumes or revenue, but this is obviously a great deal for the company and its brand recognition and sales will increase substantially as a result.

SPA share price is currently up 54.5% to 17c today on volume of around 35,000,000 shares.

 

[frugal.rock]

Chart update only.

 

[greggles]

Chart update only.

View attachment 152502

Well spotted. SPA has broken out big time and has pushed through 9c and is eyeing off that critical 10c level. New CEO just appointed, cash in the bank and its first cash flow positive quarter since 2021. More good news to come?

 

[barney]

My January 2024 monthly pick. Know nothing about it but the chart looks interesting. Will have a closer look

 

[kenny]

Reassuring Investor presentation released today with little fanfare or market response.

https://investors.spacetalk.co/presentations/

Company is pushing towards profitability by H2 2024 and high level numbers much improved although little mention of churn in any sort of cohort analysis of subscribers.

I'm uncertain about the strategy for boosting sales to kids through Education channels but that's the focus currently.

 

[barney]

I have no idea, but who knows at this end of the market!

 

[Dona Ferentes]

I have no idea, but who knows at this end of the market!

$10 million MC

Spacetalk accelerates toward breakeven with subscription-led growth

Spacetalk delivered 25% annual recurring revenue growth to $12.1m in FY2025, with mobile subscribers up 44% to 44,400. Revenue rose 12% to $19.6m, while cost cuts lowered expenses by 11%, reducing the EBITDA loss by more than half. A debt restructure with Pure Asset Management provided balance sheet relief and extended loan maturities. The company now targets $20–25m ARR in 2026, underpinned by a refreshed product pipeline.

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in space, no-one can hear you talk.