The ARR growth won't come from hardware (watch sales). It will come from Spacetalk mobile.
They are hoping that kids who register a Spacetalk SIM for their watch, keep it as they migrate to a phone. Keep the SIM/phone service that is for as long as possible. This is why they developed a phone APP and now (apparently) they are selling second hand phones.
The future economics for SPA is not in selling watches (sh*t business with low margin, high capital requirements). It's in selling phone plans.
Look at how much Amaysim was bought out for. Look at how much Boost Mobile was bought out for.
The watches are a means to sell phone plans and not the core business.
SPA Price at posting:
15.8¢ Sentiment: None Disclosure: Held
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