SPACETALK Limited (AU:SPA)
ASX:SPA
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SPACETALK Limited
(Sydney:SPA)
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Rating:41Neutral
Price Target:
AU$0.06
▼(-48.33% Downside)
Action:ReiteratedDate:03/28/26
The score is driven primarily by weak financial performance (losses, declining margins, negative equity, and negative cash flow). Technical indicators add further pressure with a clear downtrend and negative MACD, while valuation is constrained by a negative P/E and no dividend support.
Positive Factors
Recurring service revenue
SPACETALK’s subscription and connectivity revenue is a durable, recurring income stream tied to device activation and retention. Over months this supports predictable cash inflows, improves lifetime value per customer versus one‑time device sales, and can underpin margin recovery if churn remains controlled.
Negative Factors
Negative equity / high leverage risk
Negative shareholders’ equity signals prior losses and capital erosion, constraining financing options and increasing solvency risk. Over the medium term it can force dilutive capital raises or onerous debt, reducing strategic flexibility and raising the cost of funding for product and market initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring service revenue
SPACETALK’s subscription and connectivity revenue is a durable, recurring income stream tied to device activation and retention. Over months this supports predictable cash inflows, improves lifetime value per customer versus one‑time device sales, and can underpin margin recovery if churn remains controlled.
Read all positive factors
SPACETALK Limited (SPA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$7.83M
Dividend YieldN/A
Average Volume (3M)53.19K
Price to Earnings (P/E)―
Beta (1Y)0.14
Revenue Growth12.24%
EPS Growth55.89%
CountryAU
Employees54
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-0.07
Shares Outstanding120,423,120
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 (SPA) is an innovative Australian technology company specializing in connected devices, particularly focusing on children's smartwatches and safety communication solutions. The company operates primarily in the consumer electroni...
How the Company Makes Money
SPACETALK makes money primarily through (1) hardware sales of SpaceTalk wearable devices (e.g., kids’ smartwatches) sold via retail and online channels, and (2) recurring service revenue tied to cellular connectivity and associated app/service sub...
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
0.12
Price Trends
0.08
Negative
0.10
Negative
0.12
Negative
Market Momentum
>-0.01
Positive
35.54
Neutral
21.67
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 0.12 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.08, and below the 200-day MA of 0.12, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.54 is Neutral, neither overbought nor oversold. The STOCH value of 21.67 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% | |
53 Neutral | AU$8.79M | -4.21 | -9.80% | ― | -9.44% | 83.16% | |
45 Neutral | AU$9.96M | -1.37 | -14.37% | ― | 8.20% | 37.20% | |
44 Neutral | AU$30.33M | 5.86 | -26.59% | ― | -11.11% | -71.43% | |
42 Neutral | AU$6.23M | -1.87 | 108.60% | ― | 66.48% | 77.19% | |
41 Neutral | AU$7.83M | -0.41 | 169.73% | ― | 12.24% | 55.89% |
* Communication Services Sector Average
AU:SPA
SPACETALK Limited
0.07
-0.11
-61.76%
AU:NOR
Norwood Systems Ltd
0.01
-0.02
-59.26%
AU:5GG
Pentanet Ltd
0.02
>-0.01
-20.69%
AU:FRX
Flexiroam Ltd
0.02
<0.01
81.82%
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Hubify Ltd.
0.02
<0.01
70.00%
SPACETALK Limited Corporate Events
SPACETALK Plans Major Share and Options Issue to Boost Capital Base
Mar 26, 2026
SPACETALK Ltd has announced a proposed securities issue comprising up to 100,230,000 new ordinary fully paid shares and 25,000,000 lead manager options, with a planned issue date of 9 April 2026. The capital raise, structured as a placement or sim...
Spacetalk Raises $6m via Discounted Share Placement and Adds New Director
Mar 26, 2026
Spacetalk Ltd has secured firm commitments from institutional and professional investors to raise approximately $6 million through a two-tranche placement of 100,230,000 new shares at $0.06 each, representing a significant discount to recent tradi...
SPACETALK Advances Global Family Safety Push With New App Platform
Feb 25, 2026
SPACETALK Limited has launched a new version of its app platform built on an entirely new technology stack, now live in over 30 markets and available in 16 languages, aiming to connect users at different stages of their lives. The company frames t...
Spacetalk boosts recurring revenue as software-led strategy gains traction
Feb 25, 2026
Spacetalk reported half-year 2026 results that underscore its shift toward recurring software and subscription revenue, with annual recurring revenue up 9% to $12 million and active mobile subscribers rising 26% to 57,600, even as revenue from con...
Spacetalk Half-Year Loss Widens Sharply as Revenue Slips and NTA Remains Negative
Feb 25, 2026
Spacetalk Limited reported a 6% decline in revenue to $9.26 million for the half year ended 31 December 2025, compared with the prior corresponding period, and a sharp deterioration in profitability, with net loss attributable to owners widening t...
Spacetalk Accelerates Shift to SaaS as New Platform Lifts Subscribers and Recurring Revenue
Jan 29, 2026
Spacetalk reported a transformative December 2025 quarter marked by the completion of the initial phase of a major re-platforming project and a strategic shift from a hardware-led to a software-led, SaaS-focused business model. The new platform, w...
Spacetalk Incentive Rights Lapse, Trimming Potential Equity Dilution
Jan 9, 2026
Spacetalk Ltd has announced the cessation of 113,216 incentive rights (SPAAR), which have lapsed because the conditions attached to these conditional rights were not met or could no longer be satisfied as of 22 January 2026. The lapse of these inc...
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.