SPA 12.0% 2.8¢ spacetalk ltd

Ann: FY 2020 Full Year Results, page-2

  1. 72 Posts.
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    For another year, they have have a loss at the EBITDA level:

    FY2020 EBITDA improved from -$0.27m to -$0.21m, as the Company continued to invest and strengthen the
    business for future growth.

    This is why the SP is so low - for all the good work they have done in the last 12 months they are still running at a loss. They try to pretty it up by adding this, but it shows that Spacetalk is a failure IMO as it's pretty well break-even:

    Excluding $2.2m in corporate overhead costs, EBITDA was $2m, with SPACETALK (Device and AllMyTribe App)
    EBITDA $0.1m at 1% as a percentage of revenue, and MGM Wireless School Communication Business EBITDA
    $1.9m at 69% as a percentage of revenue

 
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