Just wait until the market digests this info over the weekend. Will be the hottest performer next week imho.
"Spacetalk device sales volume increases 16% during the key Black Friday and Cyber Monday period"
"Spacetalk experienced a strong Black Friday and Cyber Monday2 sales period with volume sold through to consumers +16% v pcp across our Retail and eCommerce channels. Spacetalk continues to outperform the overall category in a challenging market as continue to cement itself as the market leader across the Australian wearables landscape. This signals our strategy resonates with consumers during one of our most important sales periods.
The successful launch of Loop and seasonal Adventurer bundle earlier in Q2 played a pivotal role in expanding Spacetalk’s product offering at the entry and premium ends of our portfolio. Strong Spacetalk Mobile (MVNO) subscriber growth
Black Friday and Cyber Monday’s strong sell out performance sets the foundation for overall Q2FY24 subscriber growth. The Company expects the Black Friday and Cyber Monday sell out to translate into MVNO subscribers during the traditional high activation December month, and the impact of the soft locking of the Loop product to our network. Despite the delay in activating devices until the December Christmas period, Spacetalk recorded 13% growth in subscribers during the Q2FY24 period to date ended 30 November 2023 since the end of Q1FY24. This strong wearable growth, coupled with Spacetalk’s entry into the handset market as flagged in the market announcement on 13 December 2023, positions the company to further grow subscribers and annual recurring revenue (ARR) in the future"
SPA Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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