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SPACETALK Limited ( (AU:SPA) ) has issued an announcement.
Spacetalk Ltd has received an R&D tax incentive cash refund of $877k, marking a 104% increase from the previous year. This refund underscores the company’s shift from a hardware-centric to a family-centric software business, with a new app set to launch in the second quarter of FY26. The refund will support inventory purchases and working capital, aiding Spacetalk’s strategy to enhance its recurring revenue model, which saw a 20% growth in annual recurring revenue in the first quarter of FY26.
More about SPACETALK Limited
Spacetalk Ltd (ASX: SPA) develops and sells hardware and software designed to ensure safety across all life stages. The company offers a range of products including Australia’s best-selling Kids Smartwatches, Spacetalk Mobile, Spacetalk App, and Adult Wearables, all aimed at providing freedom with peace of mind.
YTD Price Performance: -9.68%
Average Trading Volume: 90,295
Technical Sentiment Signal: Sell
Current Market Cap: A$9.18M
For a thorough assessment of SPA stock, go to TipRanks’ Stock Analysis page.