STTCOMP MWR FA LONG Designing, developing and commercializing...

STTCOMP MWR FA LONG
Designing, developing and commercializing wearable smartwatch SPACETALK for children.
MC 41m

They successfully launched SPACETALK smartwatch in Australia and New Zealand and 2019 H1 report numbers looks impressive:
− Revenue from SPACETALK sales up 1,887% from $128K to $2.4m
− Recurring revenue from SPACETALK monthly app subscriptions up 3,631% to $98K
− 1HFY19 Revenues have exceeded the full year FY18 result of $2.74m
− Record Gross Profit of $2.95m, up 100%
− Gross Profit Margin 72%

In May there was SPACETALK launch in UK market which is 4 times bigger than Australian market.
Right now Company working on new Distribution channels and UK and New Zealand expansion. I am expecting in next few days announcement and more details about New Distribution channels and expansion.
On 4th July Director announced: "We’re getting ready. New Distribution channels and expansion details will be announced as agreements are finalised."