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Spacetalk Ltd (ASX:SPA)

ALERT: Price-sensitive ASX Announcement for SPA
Current share price for SPA : $0.084 -0.003 (-3.45%)+
Announcement
Release
25 Feb 2026 9:38AM
Price at Release
$0.087
Full Release
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Summary
Spacetalk Ltd reported a transformative first half of the fiscal year 2026, with significant growth in its subscription-based revenue model. Active mobile subscribers increased by 26% to 57.4k, driving a 9% rise in annual recurring revenue to $12.0 million. Despite a 6% drop in revenue from continuing operations due to timing-related impacts on device sales, the company saw a 29% increase in Spacetalk Mobile revenue to $3.9 million. Key strategic moves included the launch of the Spacetalk 2.0 App on a new scalable platform, partnerships with telcos like TPG Vodafone, and continued international expansion via e-commerce. Gross margin improved slightly to 50%, although operating expenses rose significantly as the company reinvested to support its strategic transition to a software-led model. Cash flow from financing activities more than doubled compared to the previous year.
Key Points
  • Annual recurring revenue (ARR) increased by 9% to $12.0 million.
  • Active mobile subscribers grew by 26% to 57.4k.
  • Spacetalk Mobile revenue rose by 29% to $3.9 million.
  • Gross margin increased slightly to 50%.
  • Operating expenses increased by 64% to $8.7M.
  • Launch of Spacetalk 2.0 App and significant platform upgrades completed.
  • International expansion through a capital-light, e-commerce-led strategy.
  • Signed an MOU with TPG Vodafone to distribute software to millions.
  • Revenue from continuing operations decreased by 6% to $9.3M.
  • Cash flow from financing activities increased by 108% to $6.176 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.