BUZZ-Australia's Spacetalk gains on ARR growth

Reuters

2025/01/16

** Shares of Spacetalk SPA.AX rise 14.3% to A$0.16, their highest level since Jan. 10

** The family safety technology co reports annual recurring revenue of A$11 million ($6.85 million) in Q2, up 12% from previous quarter

** Adds, paid mobile subscribers grew by 21% quarter on quarter in Q2

** Stock marks its biggest intraday gain since Nov. 16

** Stock up 3.2% this year, including the day's move

($1 = 1.6049 Australian dollars)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

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