SPACETALK Limited (AU:SPA) has released an update.
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Spacetalk Limited has reported a substantial financial turnaround with positive operating cash flow and free cash flow in Q4 FY24, marking significant improvements from the previous year. The company attributes this success to strategic initiatives such as cost management and a shift to a subscription-based model, which have also led to a 110% increase in paid subscribers and a 17% rise in annual recurring revenue. With a stronger cash position and a renegotiated loan facility, Spacetalk is well-positioned for continued growth and expansion.
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