SPACETALK Limited (AU:SPA) has released an update.
SPACETALK Limited has announced a 42% increase in revenue and a significant 166% growth in paid subscribers for its Spacetalk Mobile service in the third quarter of FY24, indicating robust performance. The company also reported a 23% rise in Annual Recurring Revenue to $9.6 million, demonstrating success in its strategic shift towards a subscription-based model and cost-saving measures. With a focus on long-term customer engagement, this growth reflects the company’s progress towards achieving positive cash flow and its long-term revenue goals.
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