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SPACETALK Limited ( (AU:SPA) ) just unveiled an announcement.
Spacetalk Ltd reported strong half-year results for the period ending December 2024, with significant revenue growth, margin expansion, and a 96% improvement in EBITDA. The company achieved a 16% increase in annual recurring revenue and a 54% rise in paid mobile subscribers, driven by cost optimization and strategic debt restructuring. Spacetalk is focusing on international expansion and product development, with plans to enhance its hardware and software offerings, aiming for substantial ARR growth by 2026. These efforts are expected to position the company for long-term shareholder returns.
More about SPACETALK Limited
Spacetalk Ltd operates in the technology industry, focusing on providing family safety solutions through a subscription platform that integrates software and hardware. The company is transitioning from a kids’ wearables business to a cash-generating model, emphasizing international scaling and product development through digital channels like Shopify and Amazon.
Average Trading Volume: 3,809
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €6.37M
Learn more about SPA stock on TipRanks’ Stock Analysis page.