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Spacetalk eyes expansion as recurring revenue continues to climb

Family safety and communication technology specialist Spacetalk (ASX: SPA) has continued its growth momentum after serving up $11 million in annual recurring revenue (ARR) for the second quarter of the 2025 financial year (FY25).

The strong performance in this metric represents a 12 per cent jump from $9.8 million at the same time last year and builds on $7.4 million in the corresponding quarter of FY23.

Growing subscriber base drives ARR

More specifically, the company attributes the steady growth in ARR to a rising subscriber base in its paid mobile subscriber offering Spacetalk Mobile, which jumped by 21 per cent jump from a year ago to reach nearly 40,000 subscribers in the most recent quarter.

According to management, the sustained growth in ARR brings to light the company’s focus on building high-quality and sustainable revenue streams across its operations and provides a platform for scaling the business internationally.

Spacetalk chief executive officer and managing director, Simon Crowther, said:

“The growth in our mobile subscriber base has been a significant driver. The increasing quality of our revenue reflects the strength and resilience of our business model and our ability to deliver consistent value to customers. This strong foundation not only enables us to scale further but also positions us for a capital-light expansion into international markets. We are actively exploring new markets and look forward to updating the market on our progress in the foreseeable future.”

Spacetalk’s growth strategy is centred on driving ARR by building a software led, hardware enabled ecosystem which leverages on unique strengths in family safety technology. 

Expansion plans

Its geographic expansion is already underway through a channel partnership in Finland that paves the way for a broadened presence in the European Union markets. The group is aiming to boost sales in this region whilst also spreading its wings into North America.

Separately, the company believes its emerging position in the seniors’ market – which is larger than the kids’ market – represents a significant opportunity for intellectual property development and growth in coming quarters.

Here, the group’s Spacetalk Life mobile devices can automatically detect falls, share activity insights, and enable seniors to retain their independence at home for longer.

For this market, Spacetalk plans to develop new hardware, expand sales channels, and introduced business-to-business (B2B) software products that derive insights from wearable sensor data.

Overall, the company is targeting between $20 million and $25 million in ARR in 2026, excluding device sales.