Spacetalk Reports Challenges and Strategic Transition in H1 FY2026
Spacetalk Limited (ASX: SPA) posted a 6% decrease in revenue for the first half of FY2026, totaling AU$9,257,000, down from AU$9,844,000 in the same period last year. The company’s loss after tax for the period widened significantly to AU$5,507,000, a 431% increase from the AU$1,038,000 loss in H1 FY2025. The primary contributor to the loss was a 64% increase in operating expenses, totaling AU$8,788,000, as Spacetalk continued its strategic pivot from a device-led business model to a software-led SaaS model.
Despite the challenges, the company saw growth in recurring revenue streams, particularly mobile subscriptions, which rose by 29% to AU$3,926,000 compared to AU$3,040,000 in H1 FY2025. The company achieved a 9% increase in its Annual Recurring Revenue (ARR), reaching a total of AU$12.0 million. The shift to a software-led model, including the successful launch of a new platform, is expected to provide sustainable growth and higher margins in the long term.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Spacetalk Reports Challenges and Strategic Transition in H1 FY2026
Spacetalk Limited (ASX: SPA) posted a 6% decrease in revenue for the first half of FY2026, totaling AU$9,257,000, down from AU$9,844,000 in the same period last year. The company’s loss after tax for the period widened significantly to AU$5,507,000, a 431% increase from the AU$1,038,000 loss in H1 FY2025. The primary contributor to the loss was a 64% increase in operating expenses, totaling AU$8,788,000, as Spacetalk continued its strategic pivot from a device-led business model to a software-led SaaS model.
Despite the challenges, the company saw growth in recurring revenue streams, particularly mobile subscriptions, which rose by 29% to AU$3,926,000 compared to AU$3,040,000 in H1 FY2025. The company achieved a 9% increase in its Annual Recurring Revenue (ARR), reaching a total of AU$12.0 million. The shift to a software-led model, including the successful launch of a new platform, is expected to provide sustainable growth and higher margins in the long term.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au