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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



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#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.

4313cf741a1eed0cbc6bc2809145f637953511.jpeg


d581f36a3835e57da947de367611d761cc9062.png

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

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Valuation of $0.500
stale
Added 4 years ago
High Risk: The significant growth could see this break out in FY20 Recent entry into UK market has provided upside momentum Building a new category for children’s wearables YTD revenues up 60% on same time in FY19 - a first half record Sales of SPACETALK on dynamic growth trajectory Total $4.3 million SPACETALK advertising and promotion campaign underway £1 million UK Christmas marketing campaign In advanced negotiations with leading Australian and overseas telcos
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