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Spacetalk Ltd (ASX:SPA)

ALERT: Price-sensitive ASX Announcement for SPA
Current share price for SPA : $0.084 -0.051 (-37.78%)+
Announcement
Release
17 Nov 2025 9:24AM
Price at Release
$0.135
Full Release
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Summary
Spacetalk Ltd has launched a new subscription-based platform and mobile app, marking a significant shift in its business strategy towards a software-led, hardware-enabled family safety ecosystem. The new platform, named the Spacetalk Freedom Platform, supports the company's goal of achieving an annual recurring revenue of $20-25 million by 2026. This strategic move extends Spacetalk's offerings beyond watches to include a scalable subscription model that caters to a wide range of family members, from children to seniors. The platform aims to connect family members securely and privately, providing tools for communication, location tracking, and safety notifications. Spacetalk's CEO, Simon Crowther, highlights this development as a transformative step for the company in transitioning its focus and expanding its market reach. New features include different membership tiers, enhanced digital safety tools, and a strong emphasis on privacy and data protection.
Key Points
  • Spacetalk launched a new subscription-based platform called the Spacetalk Freedom Platform.
  • The platform is central to Spacetalk's transition to a software-led, hardware-enabled ecosystem.
  • It aims to achieve $20-25 million in annual recurring revenue by 2026.
  • The new model expands beyond watches to include a scalable subscription service.
  • The platform connects family members of all ages in a secure ecosystem.
  • Offers memberships with varying features and privacy safeguards.
  • Enhanced safety features ahead of a social media ban for under-16s in Australia.
  • Strong focus on protecting user data with no advertising or data resale.
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.