Appendix 4C and Quarterly Activities Report
| Stock | Spacetalk Ltd (SPA.ASX) |
|---|---|
| Release Time | 11 Apr 2025, 8:23 a.m. |
| Price Sensitive | Yes |
Spacetalk Reports Q3 FY25 Results, Strong Growth in Subscribers and ARR
- 47% year-on-year increase in paid mobile subscribers to 42.5k
- Annual Recurring Revenue (ARR) grew 21% to $11.6m
- Revenue increased 26% to $5.1m, driven by hardware and mobile growth
Spacetalk Ltd (ASX: SPA) has reported its Appendix 4C and Quarterly Activities Report for the quarter ended 31 March 2025 (3QFY25). Key highlights include:- Paid Mobile Subscriber Growth: Paid subscribers for Spacetalk Mobile (MVNO) grew 47% year-on-year to 42.5k.- Annual Recurring Revenue (ARR) Growth: ARR grew 21% to $11.6m, driven by 44% growth in Spacetalk Mobile ARR to $7.5m.- Revenue Growth: Revenue increased 26% to $5.1m, with device revenue up 47% and Spacetalk Mobile revenue up 40%.- Strong Net Cash Generation: Operating cash flow before inventory investments was $2.4m, an improvement of $2.5m from -$0.1m in the prior year.- International Expansion: Spacetalk has commenced early-stage sales and business development across Europe, the UK, Singapore, the USA, Canada, and New Zealand.- New Product Development: The company is actively developing Spacetalk App 2.0 to enhance the customer experience and drive growth.- Seniors Business: Spacetalk is seeing strong interest in its seniors products as it activates reseller partnerships.The company continues to focus on building sustainable, high-quality recurring revenue streams across its business.
Spacetalk is continuing to build momentum, with progress in strengthening its recurring, scalable, and globally relevant business model. The company is expanding internationally, preparing to launch new products, and focusing on maximizing recurring revenue and increasing customer lifetime value.