Spenda Limited (SPX) AI Stock Analysis

• Market Cap: AU$32.31M
• Dividend Yield: N/A
• Average Volume (3M): 1.78M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.43
• Revenue Growth: 71.82%
• EPS Growth: -19.35%
• Country: AU
• Employees: 78
• Sector: Technology
• Sector Strength: 83
• 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: -0.14
• Price to Book (P/B): 0.92
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.26
• 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 develops and commercializes technology assets that enable the modernization of business IT systems through conversion, migration, and management of server-based legacy data and systems to the cloud in Australia. It operates through SaaS and Payments, and Lending segments. The company offers business-to-business payment services; merchant services; solutions for integrating payments into the software platform or marketplace; and invoice, supplier, buyer, and agri finance solutions. It also provides accounts receivable automation software for streamlining collections and accelerating incoming payments; accounts payable automation software for managing supplier payments and driving stronger cash flow; portable point of sale systems; sales order management for collaborating on orders with customers; eCommerce solutions; warehouse management solution for accessing accurate data and managing inventory; workshop management software for managing auto workshops; service management solution for streamlining business from end-to-end and enhance the customer experience with cloud-based field service management solution; and purchasing software, a digital tool designed to automate and optimize procurement processes. The company was formerly known as Cirralto Limited and changed its name to Spenda Limited in February 2022. Spenda Limited is based in North Sydney, Australia.

How the Company Makes Money

Spenda Limited generates revenue primarily through its subscription-based model, where businesses pay recurring fees to access its suite of digital solutions. Key revenue streams include transaction fees from payment processing services, subscription fees for its software solutions, and fees from supply chain finance facilitation. The company also partners with financial institutions and other technology providers to enhance its service offerings, which contributes to its earnings through collaborative product development and shared revenue initiatives. Additionally, Spenda may earn revenue from consulting and support services provided to its enterprise clients.

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
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
7.65M	5.14M	3.11M	301.34K	776.75K	462.13K
	Gross Profit
-2.20M	-7.48M	-8.28M	-675.17K	388.00K	140.27K
	EBIT
-6.92M	-11.01M	-10.99M	-54.96M	-11.25M	-3.31M
	EBITDA
-12.56M	-8.68M	-6.78M	-53.14M	-11.24M	-6.30M
	Net Income Common Stockholders
-16.49M	-13.21M	-11.00M	-50.24M	-11.41M	-3.56M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
9.84M	9.84M	8.35M	7.61M	21.39M	273.63K
	Total Assets
51.05M	51.05M	53.38M	54.33M	87.19M	990.40K
	Total Debt
13.38M	13.89M	12.26M	8.27M	28.47K	2.43M
	Net Debt
3.54M	4.05M	3.91M	654.27K	-21.36M	2.16M
	Total Liabilities
16.54M	16.54M	15.20M	10.93M	5.89M	3.48M
	Stockholders Equity
34.50M	34.50M	38.19M	43.40M	81.30M	-2.49M
Cash Flow		Free Cash Flow
-5.26M	-7.91M	-2.41M	-10.57M	-3.06M	-2.89M
	Operating Cash Flow
-5.20M	-5.85M	-2.33M	-10.48M	-3.05M	-1.53M
	Investing Cash Flow
-900.76K	-1.32M	787.79K	-2.48M	-2.99M	-1.58M
	Financing Cash Flow
10.60M	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
RUL	73 Outperform	AU$670.07M	101.69	11.59%	―	9.76%	-28.92%
Sector *	62 Neutral	$11.72B	10.43	-7.10%	2.91%	7.41%	-7.94%
3PL	45 Neutral	AU$177.39M	―	-28.12%	―	-0.33%	-671.76%
SPX	44 Neutral	AU$32.31M	―	-51.72%	―	71.82%	-19.35%
SEN	44 Neutral	AU$31.46M	―	-31.58%	―	22.29%	64.62%
DUB	39 Underperform	AU$47.22M	―	-131.93%	―	15.31%	61.52%

Spenda Limited Corporate Events

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.

Spenda Limited Announces Director Departure

Spenda Limited announced the cessation of Andrew Kearnan as a director, effective April 4, 2025. This change in the board of directors could impact the company’s strategic direction and stakeholder relations, as Kearnan held significant interests in the company, including 10 million options, of which 6.67 million lapsed upon his resignation.

Spenda Secures $3M Loan Facility and Announces Board Change

Spenda Limited has secured a $3 million term loan facility with Capricorn Society Limited, allowing for flexible drawdowns in $500,000 increments. This strategic funding will support Spenda’s capital expenditure and working capital needs, helping the company move towards operational break-even despite challenging market conditions. Additionally, Non-Executive Director Andrew Kearnan has resigned from the board, with the company expressing gratitude for his contributions.

Spenda Limited Finalizes Sale of Invoice Finance Portfolio

Spenda Limited has successfully completed the sale of its invoice finance loan book to Grapple Invoice Finance Fund Pty Ltd through its subsidiary, Spenda Cash Flow Pty Ltd. This transaction, finalized on March 14, 2025, resulted in an initial consideration of $500,000 and the release of $2.3 million in first loss capital. The sale is expected to impact Spenda’s operations by allowing the company to focus on its core software and payment processing services, potentially enhancing its industry positioning and providing benefits to stakeholders.