Spacetalk Revenue increases 42%

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Spacetalk Limited reported a 42% increase in group revenue from continuing operations to $4.0 million and a 166% growth in paid subscribers for Spacetalk Mobile during Q3FY24 compared to the prior corresponding period.

The company also achieved a 23% increase in Annual Recurring Revenue to $9.6 million, with significant cost savings of $0.46 million this quarter, and is progressing towards a target of positive free cash flow in Q4 FY24.

ASX Code: SPA

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