Spacetalk's Annual Recurring Revenue Climbs to AU$11 Million in Fiscal Q2; Shares Rally 14%

MT Newswires Live

01-16

Spacetalk (ASX:SPA) reported annual recurring revenue (ARR) of AU$11 million in the fiscal second quarter, up 12% from AU$9.8 million in the prior three-month period, according to a Thursday filing with the Australian bourse.

ARR was also up from AU$9.5 million million in the year-ago period.

Spacetalk Mobile's paid subscribers soared 21% to 39,800 during the quarter.

The developer of family-oriented smart wearables saw its shares rally 14% in recent trade.

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