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Spectur Ltd. (AU:SP3)
ASX:SP3
Australian Market

Spectur Ltd. (SP3) AI Stock Analysis

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AU:SP3

Spectur Ltd.

(Sydney:SP3)

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Neutral 45 (OpenAI - 5.2)
Rating:45Neutral
Price Target:
AU$0.03
▼(-3.33% Downside)
Spectur Ltd.'s overall stock score is primarily impacted by its weak financial performance, characterized by high leverage and negative profitability. Technical analysis provides some positive signals with the stock trading above key moving averages, but lacks strong momentum. Valuation remains unattractive due to negative earnings and the absence of dividends.
Positive Factors
Diversified revenue streams
Spectur's mix of hardware sales, subscription monitoring, installations and partnerships creates recurring revenue and multiple sales channels. This structural diversity improves revenue predictability, supports customer retention and upsell, and reduces reliance on single-project cycles over months.
High gross profit margin
A sustained gross margin near 58% indicates strong unit economics on hardware and service offerings. High gross margins provide capacity to cover fixed costs and scale operating leverage, making a durable path to operating profitability achievable if SG&A growth is controlled.
Operating cash flow turned positive
Positive operating cash flow demonstrates the core business is beginning to generate cash from operations. This reduces immediate financing pressure, supports reinvestment in products and service delivery, and is a durable indicator of improving business health if sustained.
Negative Factors
Very high leverage
A debt-to-equity ratio above 7 signals heavy reliance on debt financing, raising interest and refinancing risk. This structural leverage limits strategic flexibility, increases vulnerability to cash flow volatility, and can constrain growth or recovery over the medium term.
Persistent negative profitability
Despite revenue gains, ongoing negative net and EBIT margins indicate the business has not yet converted top-line growth into sustainable profits. Without structural margin expansion or scale efficiencies, losses can erode equity and hinder long-term value creation.
Low and declining free cash flow
Low and falling free cash flow limits the company's ability to repay debt, invest in product development, or fund growth organically. Coupled with high leverage, weak FCF raises refinancing and liquidity risks that can materially constrain strategic options over months.

Spectur Ltd. (SP3) vs. iShares MSCI Australia ETF (EWA)

Spectur Ltd. Business Overview & Revenue Model

Company DescriptionSpectur 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 MoneySpectur 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
Spectur Ltd. faces significant financial challenges, with ongoing profitability issues and high leverage. Despite some revenue growth and improved gross margins, negative net income and cash flow constraints, along with high debt levels, pose substantial financial risks.
Income Statement
45
Neutral
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
30
Negative
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
40
Negative
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.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue8.71M8.71M8.19M7.37M5.83M5.25M
Gross Profit5.02M5.02M4.02M-996.44K-554.26K-750.96K
EBITDA-1.18M-1.18M-2.68M-2.81M-1.56M-1.50M
Net Income-779.00K-779.00K-2.58M-2.92M-1.91M-1.76M
Balance Sheet
Total Assets4.44M4.44M4.56M5.59M3.61M4.81M
Cash, Cash Equivalents and Short-Term Investments1.08M1.08M764.89K1.52M629.61K1.69M
Total Debt767.15K767.15K836.21K1.55M1.05M388.28K
Total Liabilities4.34M4.34M4.49M3.86M2.96M2.37M
Stockholders Equity103.89K103.89K79.22K1.73M643.36K2.44M
Cash Flow
Free Cash Flow20.51K20.51K-405.46K-1.44M-1.60M-1.25M
Operating Cash Flow291.55K291.55K-192.44K-1.27M-1.28M-963.80K
Investing Cash Flow-271.04K-271.04K-213.02K-795.80K-314.67K-298.95K
Financing Cash Flow398.93K294.63K-351.74K2.96M539.29K1.32M

Spectur Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.03
Price Trends
50DMA
0.03
Negative
100DMA
0.03
Positive
200DMA
0.02
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
46.62
Neutral
STOCH
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SP3, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.62 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:SP3.

Spectur Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
53
Neutral
AU$20.96M-3.20-25.77%4.84%-12.12%
45
Neutral
AU$12.14M-11.92-850.83%6.37%76.58%
45
Neutral
AU$10.73M-2.78-39.15%11.15%26.53%
45
Neutral
AU$1.39M-5.50-61.10%51.22%
41
Neutral
AU$12.80M-3.33-25.22%-3400.00%
36
Underperform
AU$1.63M-0.72-12.49%51.70%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SP3
Spectur Ltd.
0.03
0.02
121.43%
AU:AVA
Ava Risk Group Ltd.
0.07
-0.05
-40.83%
AU:DTI
DTI Group Ltd
0.01
0.00
0.00%
AU:TZL
TZ Limited
0.04
<0.01
10.00%
AU:SCT
Scout Security Ltd.
0.52
0.00
0.00%
AU:MSG
MCS Services Limited
0.01
0.00
0.00%

Spectur Ltd. Corporate Events

Spectur Ltd. Announces Director’s Share Acquisition as Compensation
Dec 1, 2025

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
Dec 1, 2025

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
Dec 1, 2025

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
Dec 1, 2025

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
Dec 1, 2025

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.

Spectur Ltd. Announces Director Resignation and Shareholding Details
Nov 28, 2025

Spectur Ltd. announced the resignation of Gerard John Dyson as a director, effective November 28, 2025. Dyson held an indirect interest in 14,564,604 fully paid ordinary shares through the Dyson Investments 2 Trust. This change in directorship may impact the company’s governance structure and could influence investor perceptions, given Dyson’s significant shareholding.

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 Appoints Santo Carlini as New Director
Nov 9, 2025

Spectur Limited has announced the appointment of Santo Carlini as a director, effective November 10, 2025. Carlini holds significant interests in the company through his directorships and shareholdings in associated entities, SI Corporation Pty Ltd and APPWAM Pty Ltd, totaling over 43 million fully paid ordinary shares. This appointment is expected to strengthen the company’s leadership and potentially influence its strategic direction, given Carlini’s substantial stake and involvement in related entities.

Spectur Ltd Announces Board Changes and Director Elections
Nov 9, 2025

Spectur Ltd has announced changes to its Board of Directors, with Mr. Santo Carlini, representing the company’s largest shareholder, joining the board. Mr. Carlini, who has a strong background in security solutions, will stand for election at the upcoming Annual General Meeting. His expertise is expected to enhance Spectur’s strategic growth and operational excellence. Additionally, former Managing Director Dr. Gerard Dyson will not seek re-election due to other commitments, while Board Chair Darren Cooper will retire by rotation but will stand for re-election.

Spectur Ltd. Reports Quarterly Cash Flow with Managed Outflows
Oct 29, 2025

Spectur Ltd. reported its quarterly cash flow for the period ending September 30, 2025, indicating a net cash outflow from operating activities of $226,000. The report highlights the company’s expenditures on research and development, product manufacturing, and staff costs, which contributed to the cash outflow. Despite these expenses, the company maintains a stable cash position, with cash and cash equivalents at the beginning of the period amounting to $1,081,000. This financial update suggests that while the company is investing in its operations, it is managing its cash reserves effectively, which is crucial for its ongoing market presence and operational sustainability.

Spectur Limited Issues New Shares to Bolster Growth
Oct 29, 2025

Spectur Limited announced the issuance of 76,666,667 fully paid ordinary shares as part of a share placement, which will be exempt from disclosure requirements under the Corporations Act 2001. This strategic move is expected to enhance Spectur’s financial position, potentially impacting its operations and market standing positively by providing additional capital for growth and expansion initiatives.

Spectur Ltd. Announces Quotation of New Securities on ASX
Oct 29, 2025

Spectur Ltd. has announced the issuance of 76,666,667 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code SP3. This move is part of a previously announced transaction, potentially enhancing the company’s capital base and market presence, thereby impacting its operations and positioning within the security technology sector.

Spectur Ltd. Announces 2025 Annual General Meeting Details
Oct 26, 2025

Spectur Ltd. has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 28, 2025, at its registered office in Welshpool, Western Australia. The company is encouraging shareholders to participate by attending in person, by proxy, or through a corporate representative, with a strong emphasis on submitting proxy votes online before the meeting. This announcement highlights Spectur’s commitment to engaging with its shareholders and ensuring their active participation in the company’s governance.

Spectur Ltd. Announces Annual General Meeting for November 2025
Oct 26, 2025

Spectur Ltd. has announced its upcoming Annual General Meeting, scheduled for November 28, 2025, in Welshpool, Western Australia. This meeting will be held in person, and key dates for proxy form submissions and voting eligibility have been outlined. The announcement is significant for stakeholders as it provides an opportunity to discuss the company’s strategic direction and governance, potentially impacting its operations and market positioning.

Spectur Limited Releases Investor Presentation Highlighting Future Projections
Oct 22, 2025

Spectur Limited has released an investor presentation that outlines its current expectations and projections within the industry. The company emphasizes caution regarding forward-looking statements, acknowledging the inherent risks and uncertainties that may impact actual results. Stakeholders are advised to consider these factors when evaluating the company’s future performance.

Spectur Secures $2.3 Million to Boost AI and Cloud Platform
Oct 22, 2025

Spectur Limited has successfully raised $2.3 million through a placement to sophisticated and professional investors, with the funds primarily allocated to enhance its AI and cloud platform capabilities. This strategic move aims to strengthen Spectur’s market position by advancing its modular software and hardware offerings, thereby capitalizing on increasing demand from government and infrastructure sectors.

Spectur Limited Initiates Trading Halt for Capital Raising Announcement
Oct 21, 2025

Spectur Limited, a company listed on the Australian Securities Exchange, has announced a trading halt in its securities pending a significant announcement regarding a capital raising. This move indicates a potential strategic financial maneuver that could impact the company’s operations and market positioning. The halt will remain in effect until the announcement is released or until normal trading resumes on October 23, 2025.

Spectur Ltd. Announces Cessation of Securities
Oct 16, 2025

Spectur Ltd. announced the cessation of certain securities, including 19,787,121 performance rights and 1,500,000 options, due to unmet conditions and expiry without exercise, respectively. This announcement reflects adjustments in Spectur’s issued capital, which may impact the company’s financial structure and investor relations.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 13, 2025