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An update from Spenda Limited ( (AU:SPX) ) is now available.
Spenda Limited reported its Q1 FY26 results, highlighting cash receipts of $2.1 million and record payment volumes of $204 million. The company focused on cost rationalization, achieving a 21% reduction in operating cash outflows. The resignation of Managing Director Adrian Floate led to the appointment of Corrie Hassan as interim CEO. Spenda’s partnership with APG Pay processed over $50 million in payments, and the SwiftStatement program is undergoing strategic refinement. The company is expanding its engagement with Carpet Court stores and aims to scale its finance and payments products for sustainable revenue growth.
More about Spenda Limited
Spenda Limited is an innovative software company that provides workflow software, embedded finance, and payment solutions across supply chains and trading networks.
Technical Sentiment Signal: Sell
Current Market Cap: A$14.18M
Find detailed analytics on SPX stock on TipRanks’ Stock Analysis page.