Spectur Ltd. (SP3) AI Stock Analysis

• Market Cap: AU$7.04M
• Dividend Yield: N/A
• Average Volume (3M): 233.51K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.48
• Revenue Growth: 6.37%
• EPS Growth: 76.58%
• Country: AU
• Employees: 26
• Sector: Industrials
• Sector Strength: 72
• Industry: Security & Protection Services
• EPS (TTM): >-0.01
• Shares Outstanding: 414,083,300
• 10 Day Avg. Volume: 196,438
• 30 Day Avg. Volume: 233,512
• PEG Ratio: 0.06
• Price to Book (P/B): 34.65
• Price to Sales (P/S): 0.41
• P/FCF Ratio: 175.49
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: AU$0.02 ▼(-46.67% Downside)
• Action: Downgraded Date: 02/19/26
• Date: Action: Downgraded 02/19/26

The score is held down primarily by weak financial quality (losses, very high leverage, and limited free cash flow) and a clearly bearish technical setup (below key moving averages with negative MACD). Valuation is only a minor offset because the negative P/E reflects ongoing unprofitability and there is no dividend yield provided.

Positive Factors

Recurring SaaS Revenue Model

A subscription/contract-based SaaS model provides durable, predictable revenue and higher customer lifetime value versus one-off hardware sales. For surveillance and infrastructure clients, long-term contracts improve revenue visibility and support scalable service margins as deployments grow.

High Gross Margin

A ~57.6% gross margin signals structural unit economics that can sustain profitability as revenues scale. High service margins reflect lower incremental costs for monitoring/software versus hardware, enabling reinvestment in product and sales while insulating core margins from modest cost swings.

Positive Operating Cash Flow

Turning operating cash flow positive indicates the core business is beginning to generate cash from customers. That reduces reliance on external financing for day-to-day operations, supports reinvestment in deployments, and is a durable improvement if maintained through contract renewals.

Negative Factors

High Leverage

Extremely high debt relative to equity constrains strategic flexibility and increases solvency risk. Interest and principal servicing will absorb cash, limit capex or hiring, and make the business vulnerable to adverse conditions or refinancing needs, impeding durable growth execution.

Persistent Unprofitability

Ongoing negative EBIT and net margins mean the company is not yet converting revenue into sustainable profits. Persistent losses erode equity and require continued external funding or material margin improvement to deliver durable shareholder returns over the medium term.

Weak Free Cash Flow

Low or shrinking free cash flow limits the firm's ability to pay down debt, invest in scaling, or absorb shocks without raising capital. Even with positive operating cash flow, insufficient free cash flow forces reliance on financing and hampers long-term financial resilience.

Spectur Ltd. Business Overview & Revenue Model

Company Description

Spectur Limited designs, develops, manufactures, and sells solar remote sensing, thinking, and acting solutions in Australia. The company offers wireless camera systems, including STA6, a solar camera system for monitoring critical sites, deterring and warning danger, and building custom sensing solutions; HD5, a camera system for security, surveillance, time-lapse capture, and safety and warning; SWC5, a camera system for beach management, shark warnings, and smart city applications; and mobile surveillance accessories, including trailers and bases, solar-powered lighting, sensors, and smart devices. The company's products are used in Engineering, construction and building, government, and utility sectors. Spectur Limited was incorporated in 2009 and is based in Welshpool, Australia.

How the Company Makes Money

Spectur Ltd. generates revenue through multiple streams, primarily by selling its hardware products and providing subscription-based monitoring services. The company charges clients for the installation of its surveillance equipment, followed by recurring fees for access to its cloud-based monitoring platform. Additionally, Spectur has formed strategic partnerships with various industry players, enhancing its market reach and driving sales. The company may also benefit from government contracts and grants aimed at improving public safety and security, which contribute to its overall earnings.

Spectur Ltd. Financial Statement Overview

Summary

Income statement shows modest revenue growth and improved gross margin, but profitability remains negative (weak EBIT and net margins). Balance sheet risk is elevated with very high leverage (debt-to-equity 7.38) and negative ROE, while cash flow has improved to positive operating cash flow but free cash flow remains weak.

Income Statement

Spectur Ltd. has shown some improvement in revenue growth with a 2.57% increase in the latest year. However, profitability remains a concern with negative net profit margins and EBIT margins, indicating ongoing operational challenges. The gross profit margin has improved to 57.65%, suggesting better cost management, but the overall negative margins highlight persistent profitability issues.

Balance Sheet

The company's balance sheet reveals high leverage with a debt-to-equity ratio of 7.38, indicating significant reliance on debt financing. Return on equity is negative, reflecting losses and poor returns for shareholders. The equity ratio is low, suggesting limited equity buffer against liabilities, which poses financial stability risks.

Cash Flow

Spectur Ltd. has shown improvement in operating cash flow, turning positive this year. However, free cash flow remains low, and the free cash flow growth rate is negative, indicating cash flow challenges. The operating cash flow to net income ratio is low, suggesting limited cash generation relative to net income.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	8.20M	8.71M	8.19M	7.37M	5.83M	5.25M
Gross Profit	2.89M	5.02M	4.02M	-996.44K	-554.26K	-750.96K
EBITDA	-1.15M	-1.18M	-2.68M	-2.81M	-1.56M	-1.50M
Net Income	-816.46K	-779.00K	-2.58M	-2.92M	-1.91M	-1.76M
Balance Sheet
Total Assets	6.37M	4.44M	4.56M	5.59M	3.61M	4.81M
Cash, Cash Equivalents and Short-Term Investments	2.44M	1.08M	764.89K	1.52M	629.61K	1.69M
Total Debt	634.01K	767.15K	836.21K	1.55M	1.05M	388.28K
Total Liabilities	4.20M	4.34M	4.49M	3.86M	2.96M	2.37M
Stockholders Equity	2.17M	103.89K	79.22K	1.73M	643.36K	2.44M
Cash Flow
Free Cash Flow	-467.91K	20.51K	-405.46K	-1.44M	-1.60M	-1.25M
Operating Cash Flow	-229.49K	291.55K	-192.44K	-1.27M	-1.28M	-963.80K
Investing Cash Flow	-253.42K	-271.04K	-213.02K	-795.80K	-314.67K	-298.95K
Financing Cash Flow	2.16M	294.63K	-351.74K	2.96M	539.29K	1.32M

Spectur Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SP3, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.03, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 5.11 is Positive, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SP3.

Spectur Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
AVA	48 Neutral	AU$16.01M	-2.10	-25.77%	―	4.84%	-12.12%
DTI	45 Neutral	AU$12.52M	-6.67	-39.15%	―	11.15%	26.53%
MSG	45 Neutral	AU$990.50K	12.22	-61.10%	―	―	51.22%
TZL	43 Neutral	AU$11.91M	-2.52	―	―	-25.22%	-3400.00%
SP3	40 Underperform	AU$7.04M	-6.54	-850.83%	―	6.37%	76.58%
SCT	36 Underperform	AU$1.63M	-2.77	―	―	-12.49%	51.70%

Spectur Ltd. Corporate Events

Spectur Posts Lower Half-Year Revenue and Wider Loss

Spectur Ltd reported a decline in revenue for the half year ended 31 December 2025, with sales from ordinary activities falling 11% to $3.95 million compared with the prior corresponding period. The company posted a slightly larger after-tax loss of $194,000, versus a $157,000 loss a year earlier, and did not declare or pay any dividends.

Net tangible asset backing stood at 0.43 cents per share, underscoring a relatively modest asset base as the business continues to operate at a loss. There were no changes in controlled entities during the period, indicating Spectur is focusing on managing its existing operations rather than pursuing acquisitions or divestments at this stage.

The most recent analyst rating on (AU:SP3) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Spectur Ltd. stock, see the AU:SP3 Stock Forecast page.

Spectur Lifts Quarterly Revenue and Tightens Costs Amid Seasonal Security Demand

Spectur Limited reported group revenue of $2.02 million for the second quarter of FY26, a 4.5% increase on the prior quarter, with recurring revenue at $1.446 million and performance aligned with seasonal patterns in the security and surveillance sector. Despite negative operating cash flow of $2.174 million driven mainly by timing differences in customer receipts, the company improved cost controls, reduced manufacturing, R&D, and administrative expenses, completed a $2.148 million share placement, and ended the quarter with $2.446 million in cash reserves, reinforcing its liquidity and operational resilience.

The most recent analyst rating on (AU:SP3) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Spectur Ltd. stock, see the AU:SP3 Stock Forecast page.

Spectur Boosts Cash Reserves Through Equity Raise Despite Operating Outflows

Spectur Limited reported customer receipts of A$1.9 million for the quarter ended 31 December 2025, but recorded a net operating cash outflow of A$260,000, reflecting ongoing spending on manufacturing, staff, marketing and administration. The company invested A$177,000 in property, plant and equipment during the quarter and strengthened its balance sheet with A$2.3 million raised from an equity issue, resulting in a net cash inflow from financing of A$2.1 million and lifting total cash by A$772,000 over the period, underscoring continued reliance on external capital to support operations and growth initiatives.

The most recent analyst rating on (AU:SP3) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Spectur Ltd. stock, see the AU:SP3 Stock Forecast page.

Spectur Seeks ASX Quotation for 8.65 Million New Shares

Spectur Limited has applied to the ASX for quotation of 8,650,000 ordinary fully paid shares issued under an employee incentive scheme. The new securities, which are not subject to transfer restrictions for quotation purposes, are scheduled to be quoted from 19 January 2026, modestly expanding the company’s free float and signalling ongoing use of equity-based remuneration to align employees with shareholder interests.

The most recent analyst rating on (AU:SP3) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Spectur Ltd. stock, see the AU:SP3 Stock Forecast page.