Hello Everyone, Just thought to share my updated research note...

Hello Everyone,
Just thought to share my updated research note further to my previous research note (link below)

https://hotcopper.com.au/threads/mwr-research.5545916/

Corporate Snapshot

SOI: 165,276,445

Share Price: 11c

Market Cap: $18.18

Estimated Cash: $5 million

Value Proposition

• Global market opportunity
• Multiple products, geographies & customer segments
• Leader in our niche
• Gaining sales traction
• History of pioneering technology innovations for families
• Experienced and significant management team committed to the purpose
• Extensive new adjacent market in Europe and US
• Significant growth opportunity to be the platform for safe media/ content delivery and social interaction for children, seniors and families.

Historical Financial Performance(Continuously growing revenue)

FY20 Financial Performance
FY20 Revenue - $10.5 million (up 47%)
Key Revenue Breakdown

• Device Revenue up 53% pcp to $6.4 million
• App Revenue up 180% to $1.2 million
• App ARR up 89% to $1.5 million

Revenue up 25% pcp to $2.7 million
EBITDA contribution up 58% to $1.9 million

FY21 (Quarter 1)Financial Performance

Quarterly Revenue up 10% pcp 5o $2.7 million

Revenue up 10% pcp to $2.7 million

Gross profit pcp to $1.6 million

Operating expenses down 42% pcp to $1.2 million

Revenue from Spacetalk

FY21 Q1 Revenue - $2.3 million (up 18%)

Breakdown

• Device Revenue up 10% pcp to $1.9 million
• App Revenue up 75% pcp to $0.4 million
• App ARR up 77% pcp to $1.7 million

Revenuefrom MGM School

Revenue of $0.4 million down 18%




Global Market Opportunity

Recent new agreements

• Vodafone Spacetalk partnership
• Amazon.co.uk
• JB Hi-Fi in-store ranging Spacetalk Life
• MGM Schools – Trybooking

Leader in the Niche

Tim Boreham picks Spacetalk as a stock primed to run in 2021.
Details: https://unauthorised investment advice/experts/tim-borehams-21-stocks-that-are-primed-to-run-in-2021-part-i/?uid=jpEoixw


Looking forward to upcoming Business update announcement on Friday, 8 January 2021, followed by the release of the Company's FY21 (1st Half) results for the period ending 31 December 2020 on Tuesday, 16 February 2021.

I am expecting significant progress in 2021 from SPA. IMO its just a matter of time and we all shareholders will be rewarded for our patience.

All in my opinion and research. Good luck and please do your own research.