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The latest update is out from SPACETALK Limited ( (AU:SPA) ).
Spacetalk Ltd experienced significant growth during the quarter ending December 2024, with a 53% increase in paid mobile subscribers and a 16% rise in annual recurring revenue. The company generated $1.2 million in net cash from operations, reflecting strong cash flow management. Investment in inventory was increased to meet high demand during the holiday season and to support international expansion plans. The growth in recurring revenue and subscriber base underscores the company’s strategic focus on app development and long-term value creation for stakeholders.
More about SPACETALK Limited
Spacetalk Ltd operates in the telecommunications industry, offering mobile services through its Spacetalk Mobile platform. The company focuses on building sustainable and high-quality revenue streams, with a particular emphasis on international expansion in countries such as the USA, UK, Canada, Finland, Australia, and New Zealand.
YTD Price Performance: -2.22%
Average Trading Volume: 4,901
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €5.76M
See more data about SPA stock on TipRanks’ Stock Analysis page.
