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#Research note
stale
Added 2 years ago

Finance:

  • Revenue up 37% for FY22
  • Record a loss of 6.4m in FY22 compare to 1.8m in FY21
  • Cash balance: 5.6m
  • Cost of business jumped 35% in FY22
  • Market Cap of 14m


Recent performance:

  • a 40.9% increase in revenue on the fourth quarter 2021
  • 4Q FY22 ARR from Spacetalk App monthly subscriptions was $3.8 million, up 40.7%
  •  US business, from a standing start in late 2021, generated meaningful 4QFY22 revenue. This demonstrates the opportunity in the North America region.
  • launched their own JumpySIM business in the US late June 2022
  • Spacetalk will be launching JumpySIM services in Australia in 1Q FY23
  • Seems like business in UK is finaly starting to grow after a flat FY21
  • Recently getting into the Nordic region market as well


General note:

  • Working in a primary school, kid's smart watch is becoming very popular
  • Great for parents that want to have the convenience of a mobile for their young ones but without the extra screen time
  • Seems like one of the higher quality product amongst its competitors
  • Exploring the school - home communication market is smart business IMO


DISC - Not held but in my watchlist



#Industry/competitors
stale
Added 2 years ago

Took this photo in Costco. This one is $155 and looks similar. 2nd picture is screen shot of discount offered - today - by spacetalk $179.

Interesting to see competing product sold in Australia.

My kids would probably end up breaking it. Would definately need those replacement straps and screen protector.

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Don't currently own shares, but interested to learn more.