Leader in the niche.
SPACETALK (Previously called MGM Wireless) created the world’s first SMS based Automated Student Absence Notification Solution in 2001 and is now recognised as a global leader and pioneer in socially responsible and technology-enabled school communication.
More than 1200 schools and 1.7 million parents use its school communication products.
Spacetalk smart watch was launched few years ago and is already over three times bigger than the schools business.
Spacetalk is now the leader in this fast-growing and huge new family wearables category.
Since the move into the wearables market, the company has grown from 15 to 44 employees with total revenue up 47 per cent to $10.5 million in the 2019-20 financial year. It also has offices in London, Glasgow, Shenzhen, Melbourne, Sydney and headquarters in Adelaide.
Spacetalk kids watch and Spacetalk life is selling through existing channels of 902 retail stores, ecommerce sites and also available with vodaphone plan and Amazon Uk.
In my opinion SPA with current low MC, continues growing revenue every year, strong balance sheet, no debt and estimated cash of approx. $5 mil in the bank is a bargain.
Just a matter of time and we all shareholders will be rewarded for our patience. All we need is some love from market
All in my opinion and research. Please do your own research.
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