Spacetalk Ltd (ASX:SPA) Receives $428,853 R&D Tax Rebate
R&D Tax Rebate
Spacetalk Ltd (ASX: SPA) has received an R&D tax incentive rebate of $428,853 from the Australian Taxation Office for the year ended 30 June 2024. This rebate underscores the company’s ongoing investment in innovation and research to enhance its connected devices and launch new services and software.
Financial Performance
In the second quarter of 2025, Spacetalk grew its Annual Recurring Revenue (ARR) by 16% compared to the previous corresponding period, reaching $11.0 million from $9.5 million in 2Q24. Operating payments, excluding inventory, were reduced by 25% to $3.7 million from $5.0 million in 2Q24, demonstrating effective cost optimisation and right-sizing of the cost base.
Executive Comments
Simon Crowther, CEO and Managing Director, commented: “This funding strengthens Spacetalk’s cash position and will contribute to ongoing product development and operational initiatives. We are grateful to the Australian government for rewarding high-quality research and development through the tax incentive.”
Simon Crowther added, “Spacetalk continues to demonstrate strong financial discipline while delivering sustained growth. In 2Q25, we grew Annual Recurring Revenue (ARR) by 16% vs PCP to $11.0m (2Q24: $9.5m), reinforcing our focus on high-quality, sustainable revenue. At the same time, we reduced operating payments (excluding inventory) by 25% vs PCP to $3.7m (2Q24: $5.0m), reflecting the benefits of optimising and right-sizing our cost base.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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