InvestSMART

Spacetalk Ltd (ASX:SPA)

ALERT: Price-sensitive ASX Announcement for SPA
Current share price for SPA : $0.125 -0.015 (-10.71%)+
Announcement
Release
12 Nov 2025 4:54PM
Price at Release
$0.140
Full Release
download
Summary
Spacetalk Ltd announced receiving a significant R&D tax incentive cash refund of $877k for the fiscal year ending 30 June 2025, marking a 104% increase from the previous year. This refund underlines the company's ongoing investment in research and development as it transitions from a hardware-centric to a software-focused business model. The funds will help support inventory and working capital needs, while a new app, central to their ecosystem, is set for release in the second quarter of FY26. The company reported a 20% growth in Annual Recurring Revenue, reaching $11.8 million in 1QFY26.
Key Points
  • Spacetalk Ltd receives an R&D tax incentive cash refund of $877k for the year ended 30 June 2025.
  • The refund amount represents a 104% increase compared to the previous year's refund of $429k.
  • The refund supports the company's transition from a hardware-centric business to a family-centric software business.
  • Spacetalk is developing a new app to be launched in the second quarter of the fiscal year 2026.
  • The R&D refund will support inventory purchases and working capital requirements.
  • Spacetalk achieved a 20% growth in Annual Recurring Revenue, reaching $11.8 million in the first quarter of fiscal year 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.