Spacetalk (ASX:SPA) said its annual recurring revenue grew to AU$11.6 million in the fiscal third quarter ended March 31, up 21% from AU$9.6 million year on year, according to a Friday Australian bourse filing.
Paid mobile subscribers grew to 42,500 in the quarter, up from 29,000 last year, a 47% increase.
Revenue rose to AU$5.1 million in the quarter, up 26% from AU$4 million last year.
The company's shares fell 3% on market close.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.