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SPACETALK Limited ( (AU:SPA) ) has shared an update.
Spacetalk Ltd has launched the Spacetalk Freedom Platform, a subscription-based app designed to expand its market beyond watches and support its goal of achieving $20-25 million in annual recurring revenue by 2026. This strategic move aims to broaden Spacetalk’s customer base by offering a scalable solution that connects family members across generations, addressing the needs of the growing ‘sandwich generation’ who care for both children and aging parents. The platform’s features, such as secure communication and location tracking, are designed to simplify family safety and communication, positioning Spacetalk to capture a larger share of the family-safety technology market.
More about SPACETALK Limited
Spacetalk Ltd is a company operating in the family safety technology industry, primarily offering products and services that connect families through secure online ecosystems. The company is transitioning from a hardware-focused business, known for its watches, to a software-led model with a focus on subscription-based services that cater to multiple generations.
YTD Price Performance: -12.90%
Average Trading Volume: 92,236
Technical Sentiment Signal: Sell
Current Market Cap: A$14.04M
For a thorough assessment of SPA stock, go to TipRanks’ Stock Analysis page.