Spectur Ltd. (SP3) AI Stock Analysis

• Market Cap: AU$8.28M
• 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 ▼(-36.67% 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 model

A subscription/SaaS-driven revenue model creates durable recurring revenue and higher customer lifetime value versus one-off hardware sales. For a security platform deployed in remote sites, contracts and monitoring services support predictable cash flows and upsell potential across software, connectivity and service layers.

Strong gross margins

A gross margin near 58% indicates resilient unit economics for hardware-plus-service deployments, giving room to invest in R&D and sales while absorbing pricing pressure. Sustained gross margins support margin expansion if operating leverage increases with recurring revenue scale.

Improving operating cash flow

Turning operating cash flow positive signals better working-capital management and that core operations are beginning to fund ongoing activities. Over 2-6 months this trend reduces reliance on external financing and improves the firm's ability to reinvest in deployments and platform enhancements.

Negative Factors

Very high leverage

Extremely high debt-to-equity imposes ongoing interest and principal obligations that strain flexibility, especially for a small tech services firm. Elevated leverage increases refinancing and covenant risk, limits ability to fund growth organically, and magnifies downside during revenue softness.

Persistent unprofitability

Negative operating and net margins and a negative return on equity indicate the business still consumes capital and fails to generate shareholder returns. Without sustained EBITDA improvement, the company will remain dependent on external funding, impairing long-term capital allocation.

Weak free cash flow

Low and declining free cash flow constrains the company's ability to invest in scale, R&D or reduce debt. Even with positive operating cash flow, limited free cash flow means less buffer for capex, working capital swings or servicing high leverage, raising structural liquidity risk.

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	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	8.71M	8.19M	7.37M	5.83M	5.25M
Gross Profit	5.02M	4.02M	-996.44K	-554.26K	-750.96K
EBITDA	-1.18M	-2.68M	-2.81M	-1.56M	-1.50M
Net Income	-779.00K	-2.58M	-2.92M	-1.91M	-1.76M
Balance Sheet
Total Assets	4.44M	4.56M	5.59M	3.61M	4.81M
Cash, Cash Equivalents and Short-Term Investments	1.08M	764.89K	1.52M	629.61K	1.69M
Total Debt	767.15K	836.21K	1.55M	1.05M	388.28K
Total Liabilities	4.34M	4.49M	3.86M	2.96M	2.37M
Stockholders Equity	103.89K	79.22K	1.73M	643.36K	2.44M
Cash Flow
Free Cash Flow	20.51K	-405.46K	-1.44M	-1.60M	-1.25M
Operating Cash Flow	291.55K	-192.44K	-1.27M	-1.28M	-963.80K
Investing Cash Flow	-271.04K	-213.02K	-795.80K	-314.67K	-298.95K
Financing Cash Flow	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 0.03, 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 >-0.01 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	50 Neutral	AU$15.43M	-2.02	-25.77%	―	4.84%	-12.12%
DTI	45 Neutral	AU$8.05M	-4.76	-39.15%	―	11.15%	26.53%
MSG	45 Neutral	AU$1.39M	12.22	-61.10%	―	―	51.22%
TZL	43 Neutral	AU$11.91M	-2.52	―	―	-25.22%	-3400.00%
SP3	40 Underperform	AU$8.28M	-7.69	-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.

Spectur Ltd. Announces Director’s Share Acquisition as Compensation

Spectur Limited announced a change in the director’s interest, with Marco Correia da Silva acquiring 1,861,916 fully paid ordinary shares. These shares were issued as remuneration in lieu of cash for director fees, reflecting a strategic decision to align compensation with company equity, which may impact stakeholder perceptions and the company’s financial management.

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 Ltd. Announces Director’s Share Acquisition as Compensation

Spectur Limited announced a change in the director’s interest, where Darren John Cooper received 3,491,095 fully paid ordinary shares as remuneration in lieu of cash for his services from October 2024 to September 2025. This adjustment reflects a strategic move to align director compensation with company performance, potentially impacting shareholder perceptions and the company’s financial strategies.

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 Limited Issues Shares to Optimize Financial Structure

Spectur Limited has announced the issuance of 10,970,279 fully paid ordinary shares to directors and employees, replacing cash consideration and converting performance rights. This move, facilitated under the Corporations Act 2001, allows the shares to be sold without disclosure, aligning with regulatory exemptions. This strategic decision reflects Spectur’s commitment to optimizing its financial structure and enhancing stakeholder value, potentially strengthening its market position.

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 Ltd. Announces Quotation of New Securities

Spectur Ltd. announced the quotation of 5,617,268 ordinary fully paid securities on the Australian Securities Exchange, effective from December 1, 2025. This move is part of the company’s strategy to enhance its market presence and potentially increase its capital base, which may impact its operational capabilities and stakeholder interests positively.

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 Ltd. Announces Quotation of New Securities on ASX

Spectur Ltd. has announced the quotation of 5,353,011 fully paid ordinary securities on the ASX, effective December 1, 2025. This move is part of previously announced transactions, potentially impacting the company’s market presence and offering stakeholders an opportunity to engage with its growth trajectory.

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.