Spoke with management again, find out what's going on!?
They were meeting speedcast again, today. Still testing the app with the satellite connection for optimal usage. 20m USD current revenue for Voip and their app should allow them to reach areas previously not viable by their current offering. (They felt 100% of VOIP revenue can transition from current app and physical handsets to completely speed talk app in the medium term)
Quite positive once it starts rolling out it will be material for the company but the launch date is completely up to speedcast not us.
Downloads of apps still tracking well, and the in app ads have had good uptake. No mention of when an update will be given (bar end of July quarterly) but we should see a business update before then if speed talk goes live.
All in all a bit disappointing, was hoping for more imminent news. Let's hope speedcast move forward fast and furiously.
ZIP Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)