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SPACETALK Limited ( (AU:SPA) ) has issued an announcement.
Spacetalk Ltd is making significant strides towards becoming a sustainably profitable business by evolving its business model and focusing on international scaling and product development. The company is developing the next generation of kids’ and seniors’ hardware, along with a new software experience, aiming to enhance user experience and drive subscriptions. With support from Pure Asset Management and restructuring of legacy debt, Spacetalk is well-positioned to deliver long-term shareholder returns as it targets $20-25 million ARR by 2026.
More about SPACETALK Limited
Spacetalk Ltd operates in the technology sector, focusing on providing comprehensive family safety solutions through a subscription platform. The company is transitioning from a loss-making kids’ wearables business to a cash-generating model, leveraging software-driven and hardware-supported products. Its market focus includes international scaling and product development, utilizing digital channels like Shopify and Amazon for expansion.
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.