SPACETALK Limited (AU:SPA)
ASX:SPA
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SPACETALK Limited
(Sydney:SPA)
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Rating:45Neutral
Price Target:
AU$0.09
▼(-27.50% Downside)
Action:ReiteratedDate:05/02/26
The score is primarily constrained by weak financial performance (losses, negative margins, negative equity, and negative cash flows). Technicals provide partial support from improving short-term momentum, but valuation remains unattractive/unclear due to negative earnings and no dividend data.
Positive Factors
Recurring connectivity & subscription revenue
Recurring connectivity and subscription fees create a durable revenue base beyond one‑time device sales. Over a multi‑month horizon this supports higher revenue visibility, customer lifetime value and upsell opportunities for software features, improving cash predictability as scale grows.
Negative Factors
Negative shareholders' equity & high leverage
Negative shareholders' equity and elevated leverage signal capital‑structure distress that limits access to debt financing and increases refinancing risk. Over months this can force dilutive equity raises, constrain strategic investments and reduce resilience to execution setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring connectivity & subscription revenue
Recurring connectivity and subscription fees create a durable revenue base beyond one‑time device sales. Over a multi‑month horizon this supports higher revenue visibility, customer lifetime value and upsell opportunities for software features, improving cash predictability as scale grows.
Read all positive factors
SPACETALK Limited (SPA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$10.12M
Dividend YieldN/A
Average Volume (3M)53.19K
Price to Earnings (P/E)―
Beta (1Y)-0.13
Revenue Growth0.17%
EPS Growth-85.78%
CountryAU
Employees54
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-0.11
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 through a combination of device-related revenue and recurring service revenue tied to connectivity and subscriptions. (1) Hardware/device sales: revenue from selling its connected smartwatch/wearable products through retail a...
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
0.09
Negative
0.12
Negative
Market Momentum
>-0.01
Negative
31.48
Neutral
16.67
Positive
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 above the 200-day MA of 0.12, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 31.48 is Neutral, 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: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$7.24M | -4.21 | -9.80% | ― | -6.48% | 78.95% | |
45 Neutral | AU$10.12M | -0.41 | 169.73% | ― | 0.17% | -85.78% | |
45 Neutral | AU$8.66M | -1.37 | -14.37% | ― | 8.86% | 58.02% | |
44 Neutral | AU$30.33M | 5.86 | -26.59% | ― | -22.41% | ― | |
42 Neutral | AU$6.23M | -1.87 | 108.60% | ― | 180.00% | 63.04% |
* Communication Services Sector Average
AU:SPA
SPACETALK Limited
0.08
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-50.59%
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0.01
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Flexiroam Ltd
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SPACETALK Limited Corporate Events
Spacetalk Boosts Subscribers and Telco Pipeline Amid Strategic Shift to Software-Led Growth
Apr 29, 2026
Spacetalk reported an 18% year-on-year rise in active mobile subscribers to 57,900, which drove an 11% increase in recurring mobile revenue but a 29% fall in total quarterly revenue to $3.6 million due to lower device sales and retailer order timi...
Spacetalk calls 2026 virtual meeting to approve major share and option issues
Apr 20, 2026
Spacetalk Limited has called a virtual general meeting for 20 May 2026, asking shareholders to vote on a series of equity-related resolutions that will affect the company’s capital structure. Eligible shareholders as of 18 May 2026 are being...
Spacetalk Appoints New Director With No Current Shareholdings
Apr 8, 2026
Spacetalk Ltd has announced the appointment of Andrew Richard Grover as a director, effective 8 April 2026, and lodged the required initial director’s interest notice with the ASX. The filing confirms that Grover currently holds no relevant ...
Spacetalk Adds Technology Veteran Andrew Grover to Board
Apr 8, 2026
Spacetalk Ltd has appointed Andrew Grover as an independent non‑executive director, with his board role effective immediately and subject to election at the company’s 2026 annual general meeting. He will receive remuneration consistent...
Spacetalk issues new shares with cleansing notice to support capital base
Apr 8, 2026
Spacetalk Limited has issued 15,694,712 fully paid ordinary shares at $0.06 each, using provisions that allow the placement without a disclosure document under the Corporations Act. The company confirms it is up to date with its financial reportin...
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...
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.