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SPACETALK Limited
(Sydney:SPA)
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Rating:45Neutral
Price Target:
AU$0.08
▲(2.50% Upside)
Action:Reiterated
Date:07/08/26
The score is primarily held down by weak financial performance (losses, declining margins/revenue, negative equity, and negative cash flows). Technical indicators are modestly supportive but not strong enough to offset the fundamental risks, and valuation is constrained by negative earnings and no dividend.
Positive Factors
Recurring service revenue
A subscription/connectivity revenue stream provides durable recurring income that can smooth hardware seasonality. Over 2–6 months this supports customer lifetime value, predictable cash inflows, and opportunities to upsell services and improve gross margins as the installed base grows.
Negative Factors
Declining revenue and margins
Sustained declines in revenue and gross margin undermine the business's ability to achieve operating leverage. Over months this limits reinvestment capacity, makes margin recovery harder without product or pricing changes, and prolongs the path to sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring service revenue
A subscription/connectivity revenue stream provides durable recurring income that can smooth hardware seasonality. Over 2–6 months this supports customer lifetime value, predictable cash inflows, and opportunities to upsell services and improve gross margins as the installed base grows.
Read all positive factors
SPACETALK Limited (SPA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$26.75M
Dividend YieldN/A
Average Volume (3M)53.19K
Price to Earnings (P/E)―
Beta (1Y)-0.65
Revenue Growth0.17%
EPS Growth-85.78%
CountryAU
Employees54
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-0.11
Shares Outstanding303,970,370
10 Day Avg. Volume122,220
30 Day Avg. Volume53,186
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)-2.16
Price to Sales (P/S)0.47
P/FCF Ratio-3.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SPACETALK Limited Business Overview & Revenue Model
Company Description
Spacetalk Limited, an Australian technology enterprise established in 2000 and based in Rose Park, specializes in providing wearable devices and mobile communication solutions across Australia, the United Kingdom, and New Zealand. The company's pr...
How the Company Makes Money
SPACETALK makes money primarily through (1) device sales and (2) ongoing service revenue tied to connectivity and software services. (1) Device sales: The company generates revenue when it sells its child-focused smartwatches through direct-to-con...
SPACETALK Limited Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
40
Negative
Cash Flow
45
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.57M | 19.61M | 17.50M | 13.42M | 14.88M | 15.11M |
| Gross Profit | 3.31M | 9.70M | 8.64M | -757.26K | -1.43M | 9.35M |
| EBITDA | -8.76M | -4.53M | -4.21M | -8.42M | -925.01K | 730.40K |
| Net Income | -9.01M | -4.54M | -6.24M | -14.68M | -6.30M | -1.78M |
Balance Sheet | ||||||
| Total Assets | 11.48M | 8.60M | 7.86M | 10.97M | 22.19M | 16.01M |
| Cash, Cash Equivalents and Short-Term Investments | 1.54M | 1.15M | 1.77M | 3.03M | 5.58M | 4.19M |
| Total Debt | 8.11M | 4.72M | 5.21M | 5.33M | 3.19M | 1.83M |
| Total Liabilities | 17.84M | 12.86M | 11.72M | 12.08M | 9.70M | 6.66M |
| Stockholders Equity | -6.36M | -4.26M | -3.86M | -1.11M | 12.49M | 9.35M |
Cash Flow | ||||||
| Free Cash Flow | -4.86M | -2.71M | -2.90M | -5.12M | -8.91M | -4.23M |
| Operating Cash Flow | -4.83M | -2.68M | -2.87M | -3.46M | -5.57M | -1.18M |
| Investing Cash Flow | -2.31M | -1.66M | -1.43M | -1.67M | -3.35M | -3.05M |
| Financing Cash Flow | 3.95M | 3.71M | 3.05M | 2.50M | 10.58M | 5.26M |
SPACETALK Limited Technical Analysis
Negative
0.08
Price Trends
0.09
Negative
0.08
Positive
0.09
Negative
Market Momentum
>-0.01
Negative
45.96
Neutral
24.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SPA, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.09, and below the 200-day MA of 0.09, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.96 is Neutral, neither overbought nor oversold. The STOCH value of 24.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SPA.
SPACETALK Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | AU$52.37B | 23.78 | 17.30% | 4.01% | -0.81% | 5.46% | |
58 Neutral | AU$6.93B | 73.13 | 1.31% | 49.86% | -4.55% | ― | |
54 Neutral | AU$1.60B | 57.26 | 4.61% | 1.04% | 8.25% | -11.18% | |
45 Neutral | AU$26.75M | -0.81 | 169.73% | ― | 0.17% | -85.78% | |
45 Neutral | AU$36.40M | 25.00 | 52.75% | ― | -22.41% | ― | |
44 Neutral | AU$9.28M | -9.38 | 108.60% | ― | 180.00% | 63.04% |
* Communication Services Sector Average
AU:SPA
SPACETALK Limited
0.09
-0.04
-28.80%
AU:TPG
TPG Telecom Limited
3.81
0.21
5.86%
AU:TLS
Telstra Corporation Limited
4.73
-0.12
-2.55%
AU:NOR
Norwood Systems Ltd
0.02
>-0.01
-11.76%
AU:FRX
Flexiroam Ltd
0.03
0.01
127.27%
AU:ABB
Aussie Broadband Ltd.
5.05
0.63
14.33%
SPACETALK Limited Corporate Events
Spacetalk Seeks ASX Quotation for 59.6 Million New Shares
Aug 4, 2026
Spacetalk Ltd has applied for quotation on the ASX of 59,630,957 ordinary fully paid shares under the code SPA, with an issue date of August 3, 2026. The application indicates a significant issuance of new equity securities, which will expand the ...
Spacetalk boosts mobile subscribers and secures TPG Telecom deal in software-led pivot
Jul 31, 2026
Spacetalk reported that for the June 2026 quarter its revenue fell 16% year-on-year to $4.2 million, reflecting a deliberate transition away from school contracts and legacy hardware pricing pressures, even as underlying operating momentum strengt...
SPACETALK retires 75,000 convertible notes in capital update
Jul 24, 2026
SPACETALK Ltd has notified the market of the cessation of 75,000 SPAAA convertible notes, effective 24 July 2026, as part of an update to its issued capital. The termination of these convertible notes alters the company’s capital mix and may...
Spacetalk strikes TPG Telecom MVNO deal to boost mobile growth
Jul 5, 2026
Spacetalk has signed a strategic wholesale Mobile Virtual Network Operator agreement with TPG Telecom to migrate its Spacetalk Mobile services onto TPG’s network, which covers 99 per cent of the Australian population. The move is a key step ...
Spacetalk Issues Shares for Investor Relations Services
Jun 30, 2026
Spacetalk Limited has issued 5,000,000 fully paid ordinary shares at a deemed price of $0.075 per share as consideration for investor relations services. The company has confirmed that the shares were issued without a disclosure document and that ...
SPACETALK Seeks ASX Quotation for 5 Million New Shares
Jun 30, 2026
SPACETALK Ltd, an Australian technology and communications company trading on the ASX under code SPA, issues ordinary fully paid shares as its main listed security. The business is positioned to attract equity investors seeking exposure to growth-...
Spacetalk Plans Placement of Up to 5 Million New Shares
Jun 26, 2026
Spacetalk Ltd has lodged a notice with the ASX outlining a proposed placement of up to 5,000,000 ordinary fully paid shares. The new securities, to be issued under the SPA code, are scheduled for issuance on 29 June 2026.The placement will expand ...
Spacetalk relocates registered office to Sydney CBD address
Jun 5, 2026
Spacetalk Limited has relocated its registered office and principal place of business to Suite 1, Level 9, 80-82 Pitt Street in Sydney, New South Wales. The company’s website and telephone contacts remain unchanged, indicating an administrat...
Spacetalk Director Simon Crowther Increases Stake via Placement
May 25, 2026
Spacetalk Ltd has disclosed a change in director Simon Crowther’s interests, with Crowther and his associated entity Wisebuddha Investments Pty Ltd increasing their holding in the company. Through participation in a Tranche 2 Placement on 22...
Spacetalk Discloses Spousal Share Purchase in Tranche 2 Placement
May 25, 2026
Spacetalk Ltd has disclosed a change in interests associated with director Andrew Grover, noting that 8,200,000 ordinary shares were acquired by A22 Pty Limited, a company wholly owned and controlled by his spouse, Robyn Grover. The shares were pu...
Spacetalk Issues 84 Million New Shares Under Cleansing Notice
May 22, 2026
Spacetalk Limited has issued 84,335,288 new fully paid ordinary shares at $0.06 per share, expanding its capital base through a placement conducted without a prospectus under Australian fundraising exemptions. The company confirms it is fully comp...
Spacetalk Seeks ASX Quotation for 84 Million New Shares
May 22, 2026
Spacetalk Ltd has applied to the ASX for quotation of 84,335,288 new fully paid ordinary shares, to be issued on 22 May 2026. The large batch of shares, tied to a previously announced transaction, will expand the company’s quoted capital bas...
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.