Spenda Limited (SPX) AI Stock Analysis

• Market Cap: AU$27.69M
• Dividend Yield: N/A
• Average Volume (3M): 1.78M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.37
• Revenue Growth: 71.82%
• EPS Growth: -19.35%
• Country: AU
• Employees: 78
• Sector: Technology
• Sector Strength: 93
• Industry: Software - Infrastructure
• EPS (TTM): >-0.01
• Shares Outstanding: 4,615,215,300
• 10 Day Avg. Volume: 1,789,535
• 30 Day Avg. Volume: 1,782,141
• PEG Ratio: -0.17
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.14
• 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

• Rating: 44 Neutral
• Price Target: ―

Spenda Limited's overall stock score of 44 reflects significant financial performance issues, including inconsistent revenue growth and ongoing losses. The technical analysis is limited but indicates higher volatility. Poor valuation metrics further highlight the company's challenges. Without earnings call insights or corporate events impacting the score, the focus remains on improving profitability and financial stability.

Spenda Limited Business Overview & Revenue Model

Company Description

Spenda Limited (SPX) is a technology company that operates in the financial services and business-to-business (B2B) sectors. The company focuses on providing innovative software solutions that streamline business processes and improve operational efficiencies for small to medium-sized enterprises (SMEs). Its core products include digital payment solutions, invoicing systems, inventory management, and procurement tools designed to enhance cash flow management and business productivity.

How the Company Makes Money

Spenda Limited generates revenue primarily through the sale and subscription of its software solutions. The company offers a range of products on a Software as a Service (SaaS) model, where clients pay recurring fees for access to its platform and services. Key revenue streams include transaction fees from its digital payment solutions, subscription fees from its invoicing and procurement systems, and potentially consulting and support services offered to businesses for implementing and optimizing its solutions. Strategic partnerships with financial institutions and other technology providers may also contribute to its revenue by expanding its market reach and integrating additional functionalities into its platform.

Spenda Limited Financial Statement Overview

Summary

Spenda Limited faces significant financial challenges across its income statement, balance sheet, and cash flow. Revenue growth is insufficient to cover costs, leading to ongoing losses. Despite manageable leverage, declining equity raises concerns, and cash flow issues persist with heavy reliance on external financing.

Income Statement

Spenda Limited's revenue growth has been inconsistent with a recent increase from prior periods but is still low overall. The company has been generating negative gross and net profit margins, indicating a lack of profitability. The negative EBIT and EBITDA margins further emphasize operational inefficiencies.

Balance Sheet

The company has a moderate debt-to-equity ratio, suggesting manageable leverage. However, the declining stockholders' equity and assets indicate potential financial instability. The equity ratio is relatively healthy, but the overall financial health is undermined by consistent losses.

Cash Flow

Spenda Limited has experienced negative free cash flow, though there was a slight improvement in operating cash flow. The cash flow to net income ratios are concerning, reflecting significant cash flow challenges. The company relies heavily on financing activities to support operations.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	5.14M	3.11M	301.34K	776.75K	462.13K
Gross Profit	-7.48M	-8.28M	-675.17K	388.00K	140.27K
EBITDA	-8.68M	-6.78M	-53.14M	-11.24M	-6.30M
Net Income	-13.21M	-11.00M	-50.24M	-11.41M	-3.56M
Balance Sheet
Total Assets	51.05M	53.38M	54.33M	87.19M	990.40K
Cash, Cash Equivalents and Short-Term Investments	9.84M	8.35M	7.61M	21.39M	273.63K
Total Debt	13.89M	12.26M	8.27M	28.47K	2.43M
Total Liabilities	16.54M	15.20M	10.93M	5.89M	3.48M
Stockholders Equity	34.50M	38.19M	43.40M	81.30M	-2.49M
Cash Flow
Free Cash Flow	-7.91M	-2.41M	-10.57M	-3.06M	-2.89M
Operating Cash Flow	-5.85M	-2.33M	-10.48M	-3.05M	-1.53M
Investing Cash Flow	-1.32M	787.79K	-2.48M	-2.99M	-1.58M
Financing Cash Flow	8.66M	2.27M	-814.74K	27.15M	3.24M

Spenda Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	AU$1.55B	2.02	-31.50%	3.11%	16.21%	-7.40%
FCT	49 Neutral	AU$32.56M	―	-54.77%	―	-14.50%	-77.33%
SPX	44 Neutral	AU$27.69M	―	-51.72%	―	71.82%	-19.35%
SEN	41 Neutral	AU$33.12M	―	-31.58%	―	22.29%	64.62%
QFE	41 Neutral	AU$16.80M	―	-37.01%	―	32.38%	69.11%

Spenda Limited Corporate Events

Spenda Limited Unveils Vision for Integrated Business Platform

Spenda Limited has announced its vision to deliver a single, integrated platform aimed at streamlining business operations across the supply chain, enhancing liquidity and payment processes. This initiative is expected to transform how businesses trade and receive payments by automating workflows and improving organizational efficiency, which could significantly impact the company’s market positioning and stakeholder engagement.

Spenda Limited Announces Expiry of Listed Options Amid Market Conditions

Spenda Limited announced that its listed options (ASX:SPXOA), exercisable at $0.0175 each, will expire on 4 August 2025. Currently, the exercise price is above the market price of the company’s shares, rendering the options out of the money. Consequently, Spenda will not send personalized notices to option holders unless the share price increases to meet the exercise price before expiration. This decision reflects the company’s adherence to ASX Listing Rules and highlights the current market conditions affecting its financial instruments.

Spenda Limited Announces Investor Webinar on New Credit Platform

Spenda Limited announced an upcoming investor webinar where Managing Director Adrian Floate will discuss the company’s recent agreement with APG Pay to launch a closed-loop corporate credit platform. This development is expected to enhance Spenda’s operational efficiency and strengthen its position in the industry by offering customized financing solutions to improve clients’ working capital efficiency.

Spenda Limited Issues Unquoted Securities to Strengthen Equity Structure

Spenda Limited has announced the issuance of 12,500,000 unquoted securities, specifically options expiring on September 30, 2027, with an exercise price of $0.0175. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, indicating a strategic move to manage its equity structure and potentially enhance its financial flexibility.

Spenda Partners with APG Pay to Launch Corporate Credit Platform

Spenda Limited has entered into a strategic partnership with APG Pay Pty Ltd to develop and launch a closed-loop corporate credit platform aimed at the B2B payments space. This platform will initially focus on the travel industry and is expected to generate significant recurring gross profit, with a revenue-sharing model in place. The partnership includes a 10-year exclusivity agreement, with an option to extend, and positions Spenda to expand its footprint across Australia and the Asia-Pacific region by transitioning clients from the AirPlus portfolio and integrating APG’s credit products into its software stack.

Spenda Limited Announces Proposed Securities Issue

Spenda Limited has announced a proposed issue of securities, specifically 12,500,000 options expiring on 30th September 2027, with an exercise price of $0.0175. This move is part of a placement or other type of issue, and the company has applied for the quotation of these securities on the ASX, indicating a strategic effort to raise capital and potentially enhance its market presence.

Spenda Limited Announces Cessation of Securities

Spenda Limited has announced the cessation of 8,925,000 securities due to the expiry of options or other convertible securities that were not exercised or converted by June 15, 2025. This cessation of securities could impact the company’s capital structure and market perception, as it reflects a change in the potential future equity that could have been realized through the exercise of these options.

Spenda Limited Announces Investor Webinar for June 2025

Spenda Limited has announced a webinar presentation scheduled for June 5, 2025, to be recorded and distributed on June 6, 2025. During the webinar, Managing Director Adrian Floate will discuss the company’s year-to-date performance, provide an operational update, and answer pre-submitted questions. This initiative reflects Spenda’s commitment to transparency and stakeholder engagement, potentially impacting its market positioning by keeping investors informed and involved.

Spenda Limited Addresses ASX Query Amidst Trading Surge

Spenda Limited, a company involved in the provision of virtual cards and funding services, is currently engaged in confidential negotiations for various proposed agreements. However, no terms have been agreed upon, and there is no certainty regarding the timing or completion of these agreements. In response to a query from the ASX regarding a significant increase in the price and volume of its securities, Spenda Limited confirmed that it is unaware of any unannounced information that could explain the recent trading activity. The company assured compliance with ASX Listing Rules and confirmed that its responses were authorized by the board.

Spenda Limited Announces Director Resignation and Option Lapse

Spenda Limited announced the resignation of Director David Laird, effective April 28, 2025. As part of this transition, 5,000,000 of the 10,000,000 options held by Gaffar Investments Pty Ltd, where Laird was a director of the trustee, have lapsed. This change may impact the company’s governance and strategic direction, potentially influencing stakeholder confidence and market perception.

Spenda Limited Announces Board Resignation

Spenda Limited announced the resignation of Mr. David Laird from its Board of Directors, expressing gratitude for his contributions since his appointment in September 2023. This change in the board may impact the company’s strategic direction and stakeholder relations, as the company continues to enhance its integrated business platform and expand its market presence.