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Alfred Chan
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, bloodstock enthusiast and former Analyst.
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IG data reveals fresh investor confidence following inflation-induced market lull
New research published from global financial technology company IG reveals positive sentiment from Australian investors following a 2-year pullback in investor confidence, catalysed by cost-of-living pressures that prompted many households to deplete their savings. IG’s latest survey, the second iteration of A Trader’s Position – reveals traders are optimistic in their outlook about the Australian
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Elixinol acquires The Healthy Chef and raises capital to seek growth in the wellness products market
In an attempt to grow their overall wellness business by diversifying their brands, Elixinol Wellness (ASX: EXL) will acquire The Healthy Chef, a premium wellness brand, in a deal expected to accelerate revenue growth and strengthen their position in the clean nutrition sector. The acquisition complements Elixinol’s existing portfolio and marks a significant step towards
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Mosaic Brands to shut down five clothing brands and corresponding stores in a bid for survival
Battling to keep the doors open at its flagship Noni B, Katies, Millers and Rivers stores, specialty fashion retail Mosaic Brands (ASX: MOZ) will shutter five of its brands in a drastic move to simplify its business and secure its financial future. All retail and online stores associated with Rockmans, Autograph, Crossroads, W.Lane, and BeMe will
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Ecofibre secures deal to supply Under Armour with eco-friendly yarn alternative to spandex
The trend of casual activewear has done wonders for many apparel companies around the world, but it’s also come at a cost due to the scarcity of materials that are both stretchy and durable. Tackling this, sustainable materials company Ecofibre (ASX: EOF) has been engaged by sportswear giant Under Armour through a major supply agreement
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BTC Health secures $5m ECMO contract with Royal Children’s Hospital for life-saving medtech
Following a highly competitive tender process, medical distribution company BTC Health (ASX: BTC) has secured a $5 million contract with the Royal Children’s Hospital (RCH), continuing a run of successes since undertaking a business transformation 12 months ago to diversify its product portfolio. This five-year RCH contract marks the first implementation of the Eurosets ECMOLIFE
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Bubs enrols 400th infant in its US clinical trials to get baby formula approval
Under its old business model, the number 4 would typically never be marketed to their major customers but under the new direction of infant formula company Bubs Australia (ASX: BUB), its a joyous occasion with the 400th infant enrolled in their clinical trial program which seeks regulatory approval for commercial sales in the United States.
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RocketBoots secures major international contract for grocery loss prevention software
Did supermarkets really think they could expect customers to work for free by processing their own checkouts? Apparently so, which has only fueled grocery theft which has quickly become the biggest problem faced by retailers while also promoting investment in loss prevention tech offered by RocketBoots (ASX: ROC). The need for robust loss prevention solutions
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Shane White takes over leadership of Equity Story as market conditions result in pullback from retail investors
Cost-of-living pressures may have mostly been referenced during reporting season by companies reliant on discretionary spending, but this has filtered into the world of financial services for Equity Story (ASX: EQS) whose target customers are those same households on low-to-middle incomes – retail investors. Seeking to navigate through these rocky conditions, Shane White has been
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FBR completes walls of first home built in the US by bricklaying robot
Robotics company FBR (ASX: FBR) is on its way in the United States having demonstrated no ill effects on its bricklaying robot Hadrian X which travelled the Pacific Ocean from Western Australia to Florida in search of homes to build and audiences to dazzle. Since arriving in Florida in July 2024, Hadrian X has now
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Bruce Dixon and Vita Pepe syndicate takes major position in Apiam Animal Health
An investor syndicate featuring the well known names of Bruce Dixon and Vita Pepe have identified vet clinic operator Apiam Animal Health (ASX: AHX) as their next investment project after acquiring 13.44% of the Company. On Wednesday, AHX shares were strangely active with 15% of the Company changing hands and no fanfare in a move
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Star Entertainment considers safe harbour provisions as financial woes deepen
Amid mounting regulatory concerns which have now been compounded by leadership and insolvency concerns, the Board of Star Entertainment Group (ASX: SGR) is considering placing the Company into safe harbour provisions as they attempt to restructure the business and address its financial instability. These issues have been no surprise to the market, with SGR having
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Lithium Australia signs exclusive recycling deal with BYD Auto to boost battery recycling efforts
Driving their efforts towards a circular economy for battery recycling, Lithium Australia (ASX: LIT) has inked an exclusive three-year agreement with global electric vehicle (EV) leader BYD Auto to significantly expand its battery recycling operations in Australia. Under the deal, Lithium Australia’s subsidiary, Envirostream Australia, will handle all end-of-life batteries from BYD’s New Energy vehicles,
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Archer Materials delivers breakthrough proof-of-concept devices for quantum computing chip production
Driving Australia forward in the global arms race towards quantum computing accessibility, Australian semiconductor company Archer Materials (ASX: AXE) has successfully produced two proof-of-concept (POC) electrical devices that enhance the manufacturability of their 12CQ quantum computing chip. The two newly developed devices improve the detection and readout of quantum information from Archer’s proprietary spin material,
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Knosys secures contract from WA Office of Public Prosecutions for document management tech
In a world where the proliferation of digital documents and cloud technology make managing paperwork both easy, and incredibly difficult to locate at times, document management tech company Knosys (ASX: KNO) has lined up another Government client, this time securing the Western Australia Director of Public Prosecutions (DPP) Office in a deal worth up to
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RocketDNA secures two contracts for autonomous patrol bots for mining sites
Drone technology company RocketDNA (ASX: RKT) has secured two contracts valued at $350,000 for its xBot PatrolBot system to be deployed across multiple mining sites, as autonomous patrol vehicles that remove the need for traditional human patrols. RocketDNA’s PatrolBot system represents an advancement in surveillance technology. Designed for industries like mining, energy, and utilities, which
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Harris Technology sees earnings boost after strategic pivot amid economic challenges
Online retailer Harris Technology (ASX: HT8) has seen a significant improvement in earnings after repositioning its business strategy to counter the adverse effects of declining discretionary spending. The Company’s strategic shift, aimed at navigating a difficult economic climate where Australian households have pulled back on spending, has helped boost margins and earnings despite a reduction
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BlueBet concedes there is no profitable path to the US, exits amid costly regulatory challenges
Fresh off their merger with betr, which will see a combined business rebrand shortly, wagering operator BlueBet (ASX: BBT) has confirmed its decision to concede it’s international expansion ambitions by exiting the US market and concentrating solely on Australia. The move mirrors a trend seen among smaller Australian betting firms like PointsBet (ASX: PBH), which
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BTC Health drives earnings with product diversification to all major hospital operators
It turns out that the departure of a significant partner can be a blessing in disguise, as demonstrated by medical distribution company BTC Health (ASX: BTC), which has delivered revenue and earnings growth through a series of measures implemented through FY24 to reduce their reliance on their previously biggest supplier. In April 2023, BTC confirmed
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Archer begins new experiments for its lab-on-a-chip for kidney disease detection
According to the Australian Institute of Health and Welfare, there are more than 1.7 million Australians that live with the biomedical signs of chronic kidney disease. While not all will deteriorate to kidney failure, it leads to the 22,000 deaths annually which could be reduced from earlier detection and better management, an initiative launched by
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Auswide Bank profits dip with loan book stagnation, growth to come following MyState merger
While Australians have been increasingly frustrated by the Big Four banks and their inability to connect with customers, the trends have not played in the favour of minnow Auswide Bank (ASX: ABA) which has seen a dip in earnings, something that will be addressed through their proposed merger with fellow minnow MyState Bank (ASX: MYS).
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Apiam Animal Health delivers record earnings, leverages animal data analytics and streamlines business to drive growth
Australians may have been cutting costs through FY24 as evidenced by discretionary spending behaviour but this has played right into the hands of Apiam Animal Health (ASX: AHX) which has seen a surge in customers to its all-inclusive Best Mates membership program which is up 32% to 11,300 members. Rather than paying for each visit
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PlaySide Studios reports record revenue with new game releases imminent
The economy may be in strife but all that noise is being blocked out by people navigating the troubles with their heads down in video games. It’s just one of the reasons why game developer Playside Studios (ASX: PLY) has reported a bumper year with record revenue of $64.6 million for FY24. The record-breaking year
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Bioxyne leads the way as Australia’s first manufacturer of pharmaceutical cannabis gummies
Pharmaceutical and consumer health company, Bioxyne (ASX: BXN) has become the first manufacturer in Australia to produce cannabis gummies under a Good Manufacturing Practice (GMP) licence. Through its subsidiary, Breathe Life Sciences (BLS), Bioxyne has completed the first commercial run of these pharmaceutical-grade edibles, taking an early position in Australia’s fast-evolving medicinal cannabis market where
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Shareholders left empty-handed with Booktopia sold by administrators for no return
After months of uncertainty having struggled with solvency and a $6 million fine from the ACCC, Australia’s largest online book retailer Booktopia (ASX: BKG) has been sold by administrators in a move that will manage the financially distressed company, but see shareholders returned nothing. The sale was finalised on Friday, 16 August by administrators from
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Nido Education flags profit downgrade amid delays in new childcare centre openings
Cost-of-living pressures and the inflationary pressure on raw materials is having an impact on childcare operator Nido Education (ASX: NDO) which has forewarned that it is unlikely to meet the profit expectations for 2024 that were outlined in their IPO Prospectus when listing on the ASX in October 2023. The childcare centre operator has cited
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Seven West Media battles for survival amid television landscape turmoil and plummeting earnings
When James Warburton handed over the reins of Seven West Media (ASX: SWM) to Jeff Howard in April 2024, it was always going to be a baptism by fire with the media giant grappling with formidable challenges in an increasingly difficult television landscape. This was reflected with the Company reporting a significant downturn in earnings,
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Apiam deploys revolutionary tick and flea preventative for Australian dog owners, a major growth driver for FY25
Australian pet owners now have access to revolutionary tick and flea preventative with vet clinic operator Apiam Animal Health (ASX: AHX) having commenced sales of the injectable treatment which provides up to 12 months of control of paralysis ticks and treatment and prevention from flea infestations. The new technology was developed by pharmaceuticals giant Merck
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Saunders International secures $52 million worth of new construction contracts in a week
It’s been a busy few days for construction company Saunders International (ASX: SND) which has confirmed a collection of new contract wins that total $52 million worth of revenue, spanning projects across New South Wales and Western Australia. The first of these announcements came on Monday, when Saunders revealed it had been awarded the $31.5
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HighCom delivers $11.4 million in new ballistics contracts following rocky leadership change
Small cap investors may have been flocking to companies benefiting from global warfare and the rise of drone technology but it’s been awhile since they showed much love for armour manufacturer HighCom (ASX: HCL). But with a major overhaul of their leadership and Board, the tide may be turning for the defence products manufacturer which
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Centuria Capital invests $21 million in data centre business built on liquid cooling
Leaders at NVIDIA and Dell have been vocal on their expectations that artificial intelligence is going to drive excessive demand for data centres, commentary that asset manager Centuria Capital Group (ASX: CNI) has heeded by investing up to $21 million in ResetData, a pioneer in liquid immersion cooled data centres. This strategic move marks Centuria’s
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Xamble appoints social commerce expert Jason Thoe as CEO to drive growth in SE Asia
Set to drive its influencer marketing business in South East Asia, Xamble Group (ASX: XGL) has confirmed that Jason Thoe will be the man that elevates the social commerce agency to the next level as their new CEO. The strategic appointment aims to leverage Thoe’s experience in international expansion through influencer-centric marketing solutions, a field
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Mighty Craft collapses amid struggles for craft beer and inability to leverage its stake in Better Beer
Once a shining beacon in the alcoholic beverage industry for independent operators that could gain distribution through alternative channels to supermarket chains, Mighty Craft (ASX: MCL) has come crashing down to the point of insolvency and entered voluntary administration. Calling in restructuring firm Ankura to oversee an orderly wind up of the business, the move
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Althea to make a splash in the US with new cannabis-based sodas
First they started brewing cannabis-infused beer, now Althea Group (ASX: AGH) is bringing cans of cannabis-based sodas to the market that will inevitably have certain consumers checking whether they’re tripping. The move is set to shake up the cannabis-based products market as a recreational product that will make a bold entry into the burgeoning US
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Lifestyle Communities boss responds to retiree allegations of excessive exit fees
Facing discontent from its customers and shareholders while drawing the attention of regulators, property developer and retirement communities operator Lifestyle Communities (ASX: LIC) has hit back at allegations of shady marketing tactics designed to target vulnerable retirees. The response from Lifestyle Communities Managing Director, James Kelly was included in a trading update by the operator
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Archer achieves milestone in 12CQ quantum computing to improve its manufacturability
At a time when the Australian Government is putting a priority on investing in quantum computing and homegrown innovation, semiconductor company Archer Materials (ASX: AXE) has achieved a breakthrough in their 12CQ quantum project that will enhance its devices and progress toward practical quantum computing applications. Archer’s quantum project is led by newly appointed Chief
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Global Health achieves positive cashflow within 18 months of Mathew Cherian’s return
Digital health solutions company Global Health (ASX: GLH) has achieved a major milestone for shareholders, inflecting into positive operating cashflow for the first time and just 18 months after major shareholder Mathew Cherian took over leadership of the company as Managing Director. For the quarter ended 30 June 2024, Global Health reported $3.0 million in
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Aussie Broadband launches Buddy Telco as low-cost challenger brand for internet services
As Australians seek better value-for-money amid the cost of living crunch, internet provider Aussie Broadband (ASX: ABB) is set to offer a low-cost alternative to standard internet services with the launch of Buddy Telco, a no-frills digital-only internet service provider that will offer NBN services. The new Buddy brand aims to capture a significant share
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Coast Entertainment reports highest theme park ticket sales since 2016 despite economic challenges
Bucking a trend witnessed across the ASX that has seen retailers suffering from a decline in discretionary spending amid the cost-of-living squeeze, Australians have no issue spending on holidays to the Gold Coast with Coast Entertainment (ASX: CEH) reporting its highest ticket sales since 2016 for its theme parks that include Dreamworld and WhiteWater World.
Read MorePublicCoventry Group issues earnings upgrade amid strong business consolidation efforts
Having focused on consolidating their industrial products businesses, Coventry Group (ASX: CYG) is seeing strong synergies realised from their efforts with its earnings for FY24 expected to be substantially up from the previous year, even with just a modest jump in revenue. Just a few days on from the end of FY24, Coventry Group’s preliminary
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Zelira Therapeutics nears clinical trial stage for Autism drug following positive FDA feedback
A new drug seeking to treat irritability associated with Autism Spectrum Disorder (ASD) could soon be making its way to clinical trials in healthy volunteers after Zelira Therapeutics (ASX: ZLD) concluded a positive round of discussions with the United States Food and Drug Administration (FDA) on a study design. The proposed clinical trials are for
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WhiteHawk swoops major client with bookmaker engagement for cyber risk controls
Positioned as a prime target for cybercriminals due to their potential exposure to money laundering and sports corruption, one of Australia’s largest bookmakers has beefed up their cyber defence by engaging with cybersecurity provider WhiteHawk (ASX: WHK). The engagement will see WhiteHawk provide an independent cyber audit based on non-invasive monitoring for 12-months to identify,
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City Chic completes exit from US with Avenue sale to focus on AU/NZ and clearing debt
Plus-size clothing specialists City Chic Collective (ASX: CCX) has completed its departure from the US market having settled its divestment of its Avenue business to FullBeauty Brands, ending a troublesome period where marketing tailwinds were curbed by the pandemic and rise of online shopping. This strategic divestment is part of a business restructure by City
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Tamawood reports profit surge from residential property development despite Queensland challenges
The housing crisis rippling across Australia is news to the ears of residential property developer Tamawood (ASX: TWD) which has reported a substantial profit increase expected, even with political forces and inclement weather adversely impacting the business. Tamawood specialises in residential construction and property development in Australia, operating under the Dixon Homes brand, offering a
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One Click Group flooded with customers desperate for FY24 tax refunds
With Australians fighting the cost-of-living financial squeeze created by the Reserve Bank, One Click Group (ASX: 1CG) has seen a surge in customer demand for their Next Day Refund product within the first 2 days of FY24 ending, enticed by the swift turnaround on tax refunds. The Next Day Refund product, which debuted last financial
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Mayne Pharma settles shareholder class action for $38M with no admission of guilt
A standoff with shareholders dating back to 2014 has finally ended with Mayne Pharma (ASX: MYX) agreeing to settle a class action brought against them from shareholders, centering around allegations of misleading and deceptive conduct by the pharma company. The origins of the class action trace back to investigations by the US Department of Justice
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Booktopia requests ASX suspension extension amid funding concerns, ACCC fine still not paid off
Australia’s largest online bookstore, Booktopia (ASX: BKG) may be on the brink of insolvency with the retailer requesting the ASX continue its suspension of BKG shares while the Company seeks funding to provide ongoing working capital. As cited in a statement by Booktopia, the Company highlighted its ongoing efforts “to seek funding to improve its
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RLF AgTech Directors take collective action to remove largest shareholder Ken Hancock via public process
Don’t worry. Ken is physically fine. The featured picture is just a well-known meme in corporate circles but metaphorically summarises the latest events at farming tech company RLF AgTech (ASX: RLF) which has commenced the process to forcibly remove Kenneth Hancock from its Board of Directors. Hancock’s employment as Managing Director was terminated on 4
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International graphene foundry validates Archer’s Biochip towards commercial fabrication
Australian semiconductor company Archer Materials (ASX: AXE) is one step closer to the commercialisation of their graphene-based Biochip, a recent design of which has been successfully manufactured by foundry partner Graphenea in Spain, carving a pathway towards its future production. The milestone advances Archer’s Biochip capabilities in access to commercial semiconductor production facilities for technologies
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Titomic secures order from another global defence player for cold spray tech
Increasing their presence in the global defence industry where players are constantly seeking to one-up their rivals, cold spray tech company Titomic (ASX: TTT) has secured another win with new contract orders totalling $476k. The series of high-value projects come from major international defence primes and suppliers, marking a crucial step forward for Titomic’s innovative
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Boom Logistics expands push into renewables sector with $12m windfarm contract
Engineering and maintenance company Boom Logistics (ASX: BOL) has strengthened its position in the rapidly growing renewable energy sector with a $12 million contract awarded for wind turbine maintenance from Squadron Energy. The contract involves providing crane support for maintenance tasks on Squadron Energy’s extensive wind asset portfolio. This work is scheduled to commence in
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Shaver Shop secures exclusive distribution rights for Skull Shaver in ANZ
If you’ve noticed repeated advertising for the Skull Shaver during sports broadcasts, you’ll now have to buy them from grooming and beauty retailer Shaver Shop Group (ASX: SSG) which has secured the popular product’s exclusive distribution rights in Australia and New Zealand. Skull Shaver, renowned for its innovative head-shaving products, has been a significant supplier
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SkyCity navigates turbulent casino landscape with earnings downgrade, pauses dividends
At a time when the regulatory spotlight is firmly targeting Australia and New Zealand’s casino operators, SkyCity Entertainment Group Limited (ASX: SKC) has notified the market of an earnings downgrade as regulation and cost of living pressures limit gambling spend. SkyCity’s revised earnings guidance for FY24, forecasts an underlying Group EBITDA between $280 million and
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Wellnex ventures into medicinal cannabis with it’s new Wellness Life brand
Seeking expansion into the burgeoning medicinal cannabis market as part of the plant’s trend as a treatment for various common ailments, Wellnex Life (ASX: WNX) will debut its new Wellness Life cannabis brand next month. The launch of Wellness Life will be supported by a collaboration with OneLife Botanicals and is bolstered by the appointment
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Booktopia to layoff 50 staff in restructure that will reinstate Founder Tony Nash to Executive team
Australia’s largest online bookstore is set to undertake a strategic reset amid difficult retail trading conditions with Booktopia Group (ASX: BKG) to layoff 50 staff and shake up its leadership team with current CEO David Nenke resigning, effective immediately. The strategic overhaul, headlined by the redundancies from Booktopia’s corporate headquarters in Rhodes, Sydney, aims to
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AD1 secured contract extension with NSW Government for recruitment tech
The NSW Government has remained loyal to HR tech company AD1 Holdings (ASX: AD1) by ending their contract for 2-years which will extend use of AD1’s ApplyDirect recruitment software services, specifically for the iWorkforNSW platform. Over the past 12 months, the iWorkforNSW platform has seen substantial activity, with over 60,000 job postings, 970,000 applications, and
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BPH Global launches pilot study for adult milk powder infused with raw birds’ nest and seaweed in China
While milk powder has long been classified in the realm of infant consumption, its value in fact extends to the opposite end of the age spectrum, a trend that plant-based biotech company BPH Global (ASX: BP8) is aiming to capitalise on through a new pilot study in China. The study for adult milk formula will
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Chairman explains cap raise was the only alternative to voluntary administration for Wide Open Agriculture
The market has welcomed the brutal honesty of Anthony Maslin, Chairman of Wide Open Agriculture (ASX: WOA), who took to LinkedIn to explain the food production company’s heavily discounted cap raise as the only alternative to entering voluntary administration. Yesterday, Wide Open Agriculture announced it would raise $10 million at $0.02 per share, despite WOA
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Archer and the World Economic Forum flag groundbreaking strategies for rewiring global value chains
According to the World Economic Forum (WEF), the manufacturing industry will need to undertake a major structural shift in the face of emerging technology, climate change and geopolitical tensions that will be driven by economies of skill where global collaborations will be critical to fortifying value chains amidst ongoing disruptions. The WEF White Paper, From
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Australians putting animals first as Apiam revenue and earnings resilience defy economic headwinds
Despite the economic squeeze Australians are under due to inflationary pressures, pet owners are prioritising spend on health and wellness as reflected by vet clinic operator Apiam Animal Health (ASX: AHX) in their March quarter update. For the 9 months ended 31 March 2024, Apiam reported $154.8 million revenue which represented a 8.5% increase on
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Middle Eastern government agency places largest Senetas order for encryption tech
A prominent Middle Eastern government agency is particularly keen to safeguard its data, engaging cybersecurity tech company Senetas (ASX: SEN) for what will be its largest order for encryptors ever. The order for 100 Senetas encryptors comes via distribution giant Thales which has been working with Senetas. It is anticipated to inject between $2.5 to
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Fried chicken and pizza show immunity to ABS retail data as Restaurant Brands reports fast food revenue bump
Consumer spending around Australia is at its lowest point since 2000, but two products which are seemingly immune to cost-of-living pressures are fried chicken and pizza according to Restaurant Brands (ASX: RBD) and sales from their KFC, Pizza Hut, Carl’s Jr and Taco Bell stores. For the quarter ended 31 March 2024, Restaurant Brands reported
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Harris Technology sees jump in refurbished IT product sales amid cost of living pressures
In the wake of escalating cost of living pressures, consumers are increasingly turning to refurbished IT products as a cost-effective alternative to new purchases – a trend being capitalised on by eCommerce company Harris Technology (ASX: HT8) which is seeing a surge in sales from refurbished products. For the quarter ended 31 March 2024, Harris
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YPB introduces beverage recycling tech to Kenya, paving the way for Africa
As PET bottle waste builds up around the world, more Governments are introducing recycling programs in an effort to incentivise citizens to recycle. Kenya has become the newest of these, engaging Authentication and consumer engagement technology group YPB Group (ASX: YPB) for tech that can be utilised for a recycling program. YPB has secured a
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Love Group launches innovative dating app ‘Ever’ in Singapore, eyes expansion to Hong Kong
Singles in Singapore looking for deeper connections have been busy matchmaking on Ever, the latest dating app launched by Love Group (ASX: LVE). Specialists in matchmaking and the dating scene in SouthEast Asia, Love Group’s newest app aims to delve into the deeper dimensions of compatibility with plans to also launch the app in Hong
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Saferoads partners with TrafFix Devices for distribution of road barriers to North America
The only unanchored temporary barrier in the world to have successfully passed rigorous MASH TL-4 test will soon be deployed in North America with manufacturing company Saferoads (ASX: SRH) selecting TrafFix Devices as their exclusive distributor. The exclusive distribution agreement covering North America will allow TrafFix Devices, an American manufacturer of highway safety products, to
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Novatti lands client wins from food delivery and BNPL sectors, alongside payments growth in New Zealand
Since commencing a strategic business transformation just 9 months ago, digital payments company Novatti Group (ASX: NOV) has reported progressive results of their pivot to a market and customer-centric approach which has yielded new business from major players in the BNPL, food delivery, accounting and accommodation sectors. The implementation of a market and customer-led strategy
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Small cap MD buys $1 million of shares with no discount as business transformation takes shape
In the backstretch of a business transformation that has consolidated their nationwide business and resumed shareholder dividends, one small cap Managing Director is so confident in the progress that he has personally backed the Company’s growth, purchasing $1.0 million in shares. The show of confidence comes from Dr Chris Richards, Managing Director and CEO of
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OneView Healthcare expands agreement with Inova Health to service 1900 more hospital beds
Hospital care in the United States is set for greater digitisation with hospital services provided Inova Health expanding their Master Services Agreement with medtech company OneView Healthcare (ASX: ONE). Through the increasing transition towards digitisation of hospital services, gone are the nights of having nurses walk in and out of the room frequently throughout the
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Resonance Health commences collaboration with Micron to tap into Japan’s biopharmaceuticals market
Medical software company Resonance Health (ASX: RHT) is set to target expansion into Japan through a collaboration agreement with medical imaging company Micron Inc in an effort to accelerate its sales growth in the country. Headquartered in Tokyo, Micron specialises in providing medical imaging support services to contract research organisations (CROs) and biopharmaceutical companies globally.
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RPM Automotive Group secures tyre distribution deal with Yokohama
With tyres the flavour of the weekend after Max Verstappen’s exploded (Pirelli) in the opening stages of the Australian Grand Prix over the weekend, it’s fitting that tyre distributor RPM Automotive Group (ASX: RPM) has been appointed the national sub-wholesaler of Yokohama tyres in Australia. The deal is set to redefine Australia’s automotive aftermarket landscape,
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LTR Pharma doses first patient with Erectile Dysfunction nasal spray
In their attempt to provide men with alternative treatments for Erectile Dysfunction (ED), LTR Pharma (ASX: LTP) has commenced dosing its first cohort of human patients with their SPONTAN nasal spray. Erectile Dysfunction affects millions of men globally, hampering individuals’ ability to achieve or maintain an erection suitable for sexual intercourse, leading to relationship strains
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Rex teams up with Etihad Airways to expand global connectivity
In a bid to enhance travel options for passengers, Rex Airlines (ASX: REX) has confirmed a major partnership with Etihad Airways, one of the world’s leading airlines based in the United Arab Emirates. This collaboration between Rex and Etihad is set to give passengers in both Australia and abroad more flexibility with their travel in
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Beforepay launches Carrington Labs, aims to revolutionise B2B lending with artificial intelligence modelling
With a name that evoked interest amid the Buy-Now-Pay-Later boom led by Afterpay, it came as no surprise that Beforepay (ASX: B4P) drew initial interest in its lending products before shares tanked as the BNPL bubble burst. But unlike its more high profile peer, Beforepay has turned things around financially and with better tech, is
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Booktopia sales plummet as Australians say no to books as Christmas presents
They may be Australia’s largest online bookstore but based on Booktopia’s (ASX: BKG) results, books were not popular at all over Christmas as orders waned and revenue fell significantly compared to the previous retail season. For the Half Year ended 31 December 2023, Booktopia reported $86.3 million, marking a substantial 22% decrease compared to the
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Harris Technology reports surge in profit margins on tech products despite economic headwinds
Amidst the challenging economic landscape of Australia’s cost-of-living crisis, eCommerce company Harris Technology (ASX: HT8) has emerged as one of the consumer friendly retailers offering low-cost alternative tech products that have proven immensely popular amongst cash-strapped households. As economic pressure tightened the purse strings of these households, customers have shunned discretionary retail in droves, a
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TZ Limited swings back into profitability after global restructure to capitalise on smart locker demand
With the convenience of eCommerce and having goods delivered to your door, it’s no surprise that doorstop theft has become one of the biggest issues facing the industry. It’s why smart lockers from TZ Limited (ASX: TZL) are proving immensely popular and swinging the Company into profitability following a global restructure of their operations and
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Monash IVF sees surge in LGBT+ patient registrations amidst strong revenue growth
A strong uptick in patient registrations from the LGBT+ community for reproductive services has seen a healthy upswing in revenue for Monash IVF (ASX: MVF) which has seen no impact to its business despite a major pullback in discretionary spending across the country. The Company’s Half Year results for the period ended 31 December 2023
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Bubbas cop economic pressure as Baby Bunting sales struggle, profits squeezed
Once the little angels that lit up young family households, it seems that even our littl’ist bubbas are flying with a pair of low-cost wings as Australia’s cost-of-living pressures have flowed down to our smallest residents, evidenced by a lacklustre half year reported by Baby Bunting (ASX: BBN). For the Half Year ended 31 December
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Syntara partners with University of Newcastle and ALLG to reduce blood transfusion dependence in blood cancer patients
Blood cancer patients undergoing chemotherapy could soon have a reduced dependence on blood transfusions thanks to a new clinical study announced, run in partnership between biotech company Syntara (ASX: SNT), the University of Newcastle and the Australasian Leukaemia and Lymphoma Group (ALLG). The Phase 2 clinical study has been backed by a $0.83m grant to
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Cambium Bio to enter ASX through backdoor listing via merger with Regeneus to treat dry eye disease
If you’ve ever had dry itchy eyes, you’re not alone. In just the United States, there are more than 17 million people suffering from dry eye disease (DED) which Cambium Bio is seeking to address through Phase 3 clinical trials that will be assisted by access to new capital as an ASX-listed company upon completion
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International Bank of Australia continues funding round with valuation uplift for Novatti
The International Bank of Australia could soon be the next challenger bank set to take on the traditional banking landscape with investors keen for a slice of the digital bank which is in the middle of a funding round, most recently raising at a pre-money valuation of $24.7 million. International Bank of Australia (IBoA) was
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Platinum Asset Management sees cancer treatment potential, boosts stake in Syntara to 19.24%
Heads have turned in biotech circles with an ASX filing confirming that Platinum Asset Management has increased its stake in clinical-stage drug developer Syntara to 19.24%, fresh off the commencement of a Phase 2a clinical study that has the potential to become a new treatment for patients diagnosed with myelofibrosis (bone marrow cancer). The combination
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HighCom flags profit downgrade despite global conflicts driving demand for body armour
War may be ravaging through parts of the Middle East and Ukraine, prompting many contract wins over the past 12 months but that hasn’t translated into profit for body armour and ballistics manufacturer HighCom (ASX: HCL) which has confirmed large losses are now anticipated. The profit downgrade, which HighCom announced after the market closed on
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Sequoia Financial Group launches legal action against former employee, seeks $3.5m in damages
Things may not have been as they appeared on the surface when Sequoia Financial Group (ASX: SEQ) acquired three media businesses in 2022 before an internal matter entered the public space via former employee Tim McGowen, who is now being sued by Sequoia to the tune of $3.5 million. Sequoia has commenced legal action against
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Institutional investors back Syntara with $10 million to increase stakes in hot M&A space
In a significant move signalling strong confidence in Syntara (ASX: SNT) and their drugs in development, institutional investors have subscribed for $10 million of shares, driven by the immediate commercial prospects of their leading drug SNT-5505. The funds will also support an emerging pipeline of drugs addressing Parkinson’s disease and skin scar trials. The $10m
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G8 Education issues 69% profit growth guidance, driven by managing educator wages
With the largest workforce of early childhood educators in the country, G8 Education (ASX: GEM) has long struggled to manage their wage bill while delivering maximum profit for shareholders. That looks to have changed in 2023 though, with the Company divesting unprofitable centres and streamlining their workforce, in lieu of occupancy growth. The Company announced
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Have interest rates peaked? MyState Bank forewarns a reduction in lending growth
For the past 12 months, MyState Bank (ASX: MYS) has been hot in the lending market as Australians seeking to refinance their mortgages to the lowest available rate have regularly landed at MyState which has consistently been more competitive than the Big Four banks. But with all of those new loans written, the Tasmanian-based MyState
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Are New York’s finest now New York’s most autonomous? Ask Nightingale Intelligent Systems
The largest police department in the United States is set to unveil a squadron of drones that will act as first responders to scenes across the city, powered by artificial intelligence and supplied by drone company Nightingale Intelligent Systems (ASX: NGL). The 3-year supply contract is with the unnamed Police Department but a simple Google
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Syntara doses first blood cancer patient for combination treatment of SNT-5505 and ruxolitinib
Clinical stage drug development company Syntara (ASX:SNT) is set to get a big boost in exposure within the blood cancer industry as it forges ahead with dosing patients in its Phase 2 clinical trial of SNT-5505 in combination with approved drug ruxolitinib. SNT-5505, a pan-LOX inhibitor designed to target myelofibrosis, a bone marrow cancer where
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Archer Materials expands Biochip development with a semiconductor foundry in Spain
Working closer towards commercialising its cutting-edge graphene Biochip, semiconductor company Archer Materials (ASX: AXE) has dispatched its latest chip design iteration to a certified foundry in Spain for fabrication through a whole wafer manufacturing run. This move is part of Archer’s ongoing commitment to pushing the boundaries in both quantum computing and medical diagnostics while
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Little Green Pharma to target growing medicinal cannabis market thanks to legal changes
A healthcare policy change passed in France is likely to see the country quickly targeted by medicinal cannabis companies with Little Green Pharma (ASX: LGP) quick to confirm their plans to increase product distribution to the country thanks to newly favourable healthcare legislation. The recent amendment to the Projet de loi de financement de la
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IOUpay reports $36m in losses amid legal battles against former Board for alleged misappropriation of funds
Haven’t heard of the company IOUPay (ASX: IOU) in a while? You’re probably not alone because their shares have been suspended from trading since March 2023 while the new Board of Directors attempt to unravel the utter mess left to them from the previous Board, and it’s cost them $36 million according to the FY23
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Immuron enrols first patients into Phase 2 trials for treatment to combat infectious diarrhea
Infectious diarrhea could soon be not so infectious with confirmation from biotech company Immuron (ASX: IMC) that the first patients have enrolled for their Phase 2 clinical trial seeking to address issues that arise from unpleasant episodes. The trial is a response to the persistent challenge of infectious diarrhea among travellers and military personnel deployed
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RAS Technology dives deeper into European wagering with Playbook Engineering partnership
Quickly becoming the go-to supplier of critical data within the global wagering industry, RAS Technology (ASX: RTH) has been engaged by Playbook Engineering, a leading UK-based platform provider, for wagering technology, racing data, and editorial content for Playbook’s diverse portfolio of sportsbook brands. The 3-year contract is expected to be valued at $800k per annum
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The Calmer Co reports monthly record of eCommerce kava sales thanks to Black Friday
Derived from the roots of the Piper methysticum plant native to the Pacific Islands, Kava has gained popularity for its potential health benefits as evidenced by The Calmer Co (ASX: CCO), which reported $110,000 in sales through the month of November for it’s eCommerce channels. These sales primarily came from The Calmer Co’s online Shopify
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InteliCare forges strategic partnership with Bolton Clarke to digitise aged care with AI technology
Seeking to reshape the landscape of aged care in Australia, tech company InteliCare (ASX: ICR), an Australian software company specialising in AI-driven solutions for the aged, disability, and healthcare sectors, has entered into a non-binding Memorandum of Understanding (MoU) with Bolton Clarke, the country’s largest independent not-for-profit aged care provider. The strategic partnership signals a
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Global dairy giant FrieslandCampina places $2 million order for pallets with Range International
At a time when multinational companies are reviewing their supply chains in search of greener solutions that contribute to their sustainability targets, dairy products giant FrieslandCampina subsidiary, P.T. Frisian Flag Indonesia, has partnered with the Indonesian subsidiary of Range International (ASX: RAN) for $2 million of pallets made entirely from recovered plastics. Frisian Flag has
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Healthia shareholders overwhelmingly approve acquisition by Pacific Equity Partners at handsome premium
Shareholders of allied health company Healthia (ASX: HLA) are set for a handy payday after emphatically voting in favour of the Company to be acquired by funds manager Pacific Equity Partners (PEP). The Scheme of Arrangement, which required a requisite majority of shareholders and votes, offered HLA shareholders $1.80 per share, valuing the clinic operator
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XTEK secures $6.9m worth of armour orders amidst rising global tensions
Major conflicts in Israel and the Ukraine are tearing nations apart but for ballistics defence company XTEK (ASX: XTE), someone needs to offer protection to the people involved and if that means lacing them up in high-end ballistic body armour products, they’re happy to do it. Some might call it a coincidence but since Russia’s
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First patients dosed in Phase 2 clinical trials to tackle Parkinson’s disease
Parkinson’s UK, in collaboration with Australian researchers, has taken a major step towards preventing the development of Parkinson’s disease with the first Australian patient in a Phase 2 clinical trial having been dosed with PXS-4708, a novel drug aimed at tackling Parkinson’s before its onset, along with other neurodegenerative disorders. The multi-national trial was initiated
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Sierra Rutile faces cash crunch as High Court of Sierra Leone rules against them
Legal proceedings against rutile miner Sierra Rutile (ASX: SRX) in 2018 are to finally reach a conclusion with the High Court of Sierra Leone ruling against the producer, ordering the company to pay USD $1.16 million (approx. AUD $1.8m) to Transcend International Resources. The judgement ruled in favour of Transcend which lodged a claim totalling
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Mighty Kingdom’s largest shareholder warns of bankruptcy, demands Chairperson’s removal at upcoming AGM
In a story-line fit for a video game, gaming company Mighty Kingdom (ASX: MKL) is set for a drama-packed AGM on November 29 with the Company’s largest shareholder Shane Yeend utilising his massive social network to highlight Mighty Kingdom’s dire financial situation in order to have current Chairperson, Michelle Guthrie, ousted. In a LinkedIn post
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Island Pharmaceuticals receives ethics approval for Dengue fever drug
The world could soon be one step closer to a preventative for Dengue fever with Island Pharmaceuticals (ASX: ILA), an Australian antiviral drug development company obtaining Human Research Ethics Committee (HREC) approval to initiate its human trials for drug ISLA-101. This step of the regulatory approval framework is a significant step forward in the Company’s
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TZ Limited secures $2.6m purchase order for smart lockers in pursuit of ambitious profit target
A global transport and logistics operator has tapped Aussie tech company TZ Limited (ASX: TZL) for $2.6 million worth of smart lockers and software, a rapidly growing technology in the online shopping era where products (even food) is becoming increasingly at risk of theft. The order is expected to be delivered by TZL by early
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EVZ celebrates strong quarter with contract wins and engineering projects meeting delivery milestones
A bevy of large contract wins have delivered a financial boost to engineering and construction company EVZ (ASX: EVZ) which has expanded into new regions that are seeing growth thanks to major project works. Brockman Engineering, a key subsidiary under EVZ, continues to make significant strides with their Viva Energy Strategic Storage project, located adjacent
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Webcentral enters agreement to partially sell its domains business at mammoth valuation
Digital services company Webcentral (ASX: WCG) has pulled off a substantial M&A coup having secured an agreement to sell two-thirds of its domains business for $165 million. Making the deal most remarkable is the fact Webcentral was trading with a market cap of just $36 million ($0.11 per share) prior to the deal being formalised.
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Harris Technology to expand private label tech products into Australia in time for retail season
As consumers around the world face inflationary pressures, there has been a rising trend towards low-cost alternative tech products, a trend that eCommerce company Harris Technology (ASX: HT8) is capitalising on overseas and is set to make these products available to Australians in time for Christmas. Over the past 12 months, Australia’s retail industry has
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IncentiaPay rejects takeover offer, cites undervaluation and uncertainty
Loyalty pays. Just ask IncentiaPay (ASX: INP) which has firmly rejected an unsolicited takeover proposal from a Melbourne-based loyalty and rewards program operator with a focus on the dining sector. The indicative offer, made on October 20, 2023, sought to acquire 100% of the IncentiaPay’s shares for a cash value of $0.0049 per share. INP
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Syntara accelerates clinical trials and blood cancer drug pipeline following mannitol business sale
Syntara – it’s a name that biotech investors will be hearing a lot in the years to come with the Company set to accelerate clinical development of its novel drugs to treat blood cancers. Syntara* will be the new name for Pharmaxis (ASX: PXS) which has sold its mannitol respiratory business and is pursuing an
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Streamplay expands its reach to Vanuatu in collaboration with Digicel Pacific
The 335,000 residents of Vanuatu will soon be targeted by mobile gaming and entertainment company Streamplay Studio (ASX: SP8) which has expanded into the island nation through its strategic partnership with Digicel Pacific, the largest telecommunications provider in the region. The expansion will include marketing Streamplay’s competitive casual gaming and esports technology, music streaming services,
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Mayfield Childcare reaches settlement to recoup $1 million from former CEO
Mayfield Childcare (ASX: MFD) is set to recoup $1 million from its former CEO Dean Clarke after a settlement was reached between the early childhood operator and its former boss in relation to misappropriation of funds which promptly led to Clarke’s termination in 2022. The misappropriation of funds was first brought to public attention in
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Doctor Care Anywhere witnesses margin growth following successful launch of Mixed Clinical Workforce
Since launching its Mixed Clinical Workforce program in June 2023, telehealth company Doctor Care Anywhere (ASX: DOC) has expanded its capacity to serve customers, ultimately contributing to margin expansion and growth potential. For the three months ended 30 September 2023, Doctor Care Anywhere’s telehealth platform delivered 180,700 consultations during the quarter, marking a 29.8% increase
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Credit Clear licks lips as Australians set for massive debt pressure when fixed rate home loans expire
Australian households are on the brink of financial turmoil as an increasing number of fixed-rate home loans expire, leaving them exposed to higher variable interest rates. With the Reserve Bank of Australia (RBA) reporting a significant spike in borrowers experiencing negative cash flows, Credit Clear (ASX: CCR) anticipates that more Australians will fall behind on
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Digital Human platform building momentum as UNITH signs its most clients in September quarter
As more businesses around the world seek solutions to address unreliable staff and reduce excess payroll expenses, artificial intelligence company UNITH (ASX: UNT) is solving all of these problems for them, signing its most clients in a single quarter to its Digital Human platform. Driving increased commercial activity has been tech advancements made in the
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SelfWealth rolls on without a permanent CEO after rebuffing takeover approach by Stake
No CEO, no problem. Despite the abrupt exit of the former CEO Cath Whitaker in July 2023, her absence has had no impact on online share trading platform SelfWealth (ASX: SWF) which again reported positive operating cash flow, fresh off the back of a takeover offer by rival Stake, which has been knocked back. For
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Titomic Chosen by Airbus as cold spray equipment supplier for planes and equipment
Tech company Titomic (ASX: TTT) has strengthened its standing in the engineering company with a big win having been selected by global aviation giant Airbus for cold spray equipment which will be used as part of their maintenance protocols. For Titomic, the partnership is poised to redefine its standing in the aerospace industry by integrating
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Vysarn ventures into water asset management with the launch of new fund
It may be the world’s most plentiful resource but make no mistakes, do not underestimate the value of water! It’s just one reason water technology company Vysarn (ASX: VYS) has launched its latest venture, Vysarn Asset Management, which will focus on investment opportunities in the realm of water.
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DC Two sale terminated as clients abandon ship, name change imminent
A few months can be a long time in the world of capital markets as witnessed unfortunately by data centre provider DC Two (ASX: DC2) which has had a $3 million pay day terminated following a series of setbacks, including the loss of key clients.
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SRG Global wins $90 Million NSW Government Contract for Transport infrastructure
Leading engineering and construction company SRG Global (ASX: SRG) has added another major project to their pipeline having been awarded a $90 million contract from the New South Wales (NSW) Government for a major roads upgrade in Southern NSW.
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Original Juice Co sales surge 13% to outperform general grocery sales by 5x
While Australians may be cutting back their retail spending due to inflationary pressures, they have no qualms staying in and reaching for a cool bottle of orange juice, evidenced by a 23% increase in sales by The Original Juice Co (ASX: OJC).
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NoviqTech rebrand finalised as NVQ shares start trading as a digital ledger tech company
After securing the approval of shareholders, tech company NoviqTech (ASX: NVQ) has made its debut as an ASX-recognised name as part of its rebrand from TYMLEZ Group (ASX: TYM) to better reflect a new strategic direction that ties blockchain tech with sustainability tech. The rebranding is an expansion into the realm of carbon emissions reporting
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RemSense wins contract from Woodside Energy for virtual reality tech
Growing its influence across the resources industry, RemSense Technologies (ASX: REM) has won a new contract from Woodside Energy for its virtual reality technology that produces ‘virtual plants’ that creates a photographic visual twin of a plant.
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Pharmaxis accelerates clinical drug developments with additional resources via sale of mannitol business to Arna Pharma
With a burgeoning pipeline of drugs deeply advanced, clinical stage biopharmaceuticals company Pharmaxis (ASX: PXS) has streamlined its business with the sale of its mannitol respiratory business (MBU) and will now will focus their resources towards a much larger commercial opportunity in blood cancers haematological malignancies, aka blood cancers. The definitive sale agreement of its
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Rewardle enters the microinvesting space with bargain Upstreet buy
Following a successful strategy of acquiring wind-up businesses, tech company Rewardle (ASX: RXH) is set to offer micro investment services having acquired fintech Upstreet for pennies-on-the-dollar, just as the start-up was shutting down. Founded in 2019 within the Antler venture capital accelerator program, Upstreet originally set out to reward shoppers with fractional shares in Australian
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Mach7 Technologies extends medtech contract with Hospital Authority of Hong Kong, profitability beckons
In a significant development that continues to revolutionise healthcare services in Hong Kong, Mach7 Technologies (ASX: M7T) has announced a five-year extension of its partnership with the Hospital Authority of Hong Kong (HAHK).
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Botanix Pharmaceuticals faces 6 month delay in launching anti-sweating drug as FDA takes issue with treatment instructions
Patients suffering from axillary hyperhidrosis, a condition characterised by excessive sweating, may need to wait another 6 months for the treatment developed by dermatology company Botanix Pharmaceuticals (ASX: BOT) with US regulators not satisfied with the instructions provided alongside the treatment. The United States Food and Drug Administration (FDA) has issued a letter to Botanix,
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DXN lands Government contract to deliver submarine cable project to Timor Leste
The 1.3 million residents of Timor-Leste will soon have much better access to technology with the the Government of Timor-Leste having engaged data centres company DXN (ASX: DXN) to supply and install a Cable Landing Station (CLS) as part of the Timor-Leste South Submarine Cable (TLSSC) project. The contract is valued at $2.1 million (66%
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Holista Colltech finally resolves ASIC investigation over pandemic sanitiser claims but with big penalties
When COVID was first introduced to the world, everyone wanted a slice of the hand sanitiser market but three years later, misleading claims by producers are being retrospectively called out by regulators, one of which has seen ASIC throw the book at biotech company Holista Colltech (ASX: HCT). After a long-running investigation and litigation which
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FirstWave Cloud Technology targets North America expansion via Saisei Networks acquisition of clients and data engineers
Seeking to expand their presence in the North American telecommunications market, network software company FirstWave Cloud Technology (ASX: FCT) has acquired Saisei Networks Inc., a prominent network automation software company headquartered in Silicon Valley. The strategic acquisition will see FirstWave acquire 100% of Saisei’s assets in a move that will advance its network management capabilities
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NASCAR engages Catapult for RaceWatch ID, the video replay system used by FIA
American motorsport fans will soon have a better experience with NASCAR having engaged sports technology company Catapult Group (ASX: CAT) for its RaceWatch ID, a video replay system popularised by the FIA in Formula 1. The multi-year agreement, which takes effect this season, will see Catapult’s RaceWatch ID, employed by Race Control and Competition officials
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Semiconductor foundry in Europe validates Archer’s graphene biochip design for advanced sensing
Australian semiconductor company Archer Materials (ASX: AXE) is one step closer to the next generation of medical diagnostics through the successful manufacture of its graphene ‘lab-on-a-chip’ biochip in a commercial semiconductor foundry. Scaling the design and production of graphene chips to be used as biological sensors is a significant challenge to commercialising what could potentially
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Packaging insider seizes on low ASX valuation in attempt to acquire Pact Group
Packaging company Pact Group (ASX: PGH) appears to be seriously undervalued by investors which has prompted the Company’s Chairman to rustle up a bid to acquire the entire business. The bid comes from Kin Group Ltd, an entity controlled by the Geminder family, of which Raphael Geminder is Chairman of Pact Group, and comprises an
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Automic makes bid to acquire competitor Advanced Share Registry at 32% premium
Set to join Australia’s fastest growing provider of share registry services, Advanced Share Registry (ASX: ASW) has received an offer to be wholly acquired by Automic Group at a 32% premium on their last traded share price. Automic, already the biggest disruption in the traditional share registry sector, has made big strides in the financial
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After 4 year certification process, Elsight partner Airobotics secures regulatory clearance to operate its drones above people
If you’ve ever had fears about being knocked out by a drone falling out of the sky, rest assured there is a massive regulatory hurdle for drone operators to overcome. So serious are the safety ramifications that it has taken drone company Elsight (ASX: ELS) and its tech partner Airobotics 4 years to meet the
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As allied health services thrive, Healthia receive $260m offer to be acquired at 84% premium
It has not taken long for private enquiry firms to circle Healthia (ASX: HLA), Australia fastest growing physiotherapy and podiatry operator which has received an offer to be 100% acquired for $260 million. The binding Scheme Implementation Deed comes from Harold BidCo, an entity owned by funds advised by Pacific Equity Partners (PEP) at $1.80
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Invest in good investors, UNITH delivers big jump in value behind tech of its digital humans
For many investors, backing proven stock pickers can deliver mammoth returns. Just look at the Berkshire Hathaway investors that assign Warren Buffett to invest for them. But when it comes to artificial intelligence, younger heads may be the ones to follow as evidenced by AI company UNITH (ASX: UNT) which develops digital humans and reported
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Harris Technology slashes inventory by 52%, encouraging sales from new international business
While rising interest rates put financial pressure on Australian households which slashed discretionary spending, online retailers could either take the high road or prepare their businesses to bounce back. For online retailer Harris Technology (ASX: HT8), it’s been the case of the latter through prudent cash management and upgrading into new verticals that will drive
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Garvan Institute preclinical study identifies potential of Pharmaxis drug to boost pancreatic cancer survival rate by 35%
Each year, more than 4,000 Australians are diagnosed with pancreatic cancer, a form of cancer which is difficult to diagnose and with limited treatment options. Thanks to a new study conducted by the Garvan Institute of Medical Research, however, a drug developed by biotech company Pharmaxis (ASX: PXS) could increase patient survival rates by 35%.
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Apiam flags restructure to strengthen margins, offering 4-day working week to attract talent
As Australia has continued its love affair with pet ownership which surged during the pandemic as a means of companionship, Apiam Animal Health (ASX: AHX) has continued to benefit from the trend across its 80 veterinary clinics across regional Australia, highlighted by a 22.6% increase in revenue across FY23. The boost delivered $192.8 million revenue
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Digital transformation captures younger Tabcorp customers as earnings return amid level playing field
A year on from the demerger from their lotteries business, wagering company Tabcorp (ASX: TAH) has reported $66.5 million in profit thanks to a major digital transformation and favourable regulatory changes that have returned the household brand back to becoming a preferred bookmaker amongst punters. Demerging from The Lottery Corporation (ASX: TLC) in May 2022
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Rising demand for IVF from LGBTQI+ community driving Monash IVF market share
Despite the rising cost of living and depression in discretionary spending, fertility company Monash IVF (ASX: MVF) has seen no downturn in demand, despite a round of IVF treatment often costing upwards of $10,000 with no guaranteed success. The broader de-stigmatisation of IVF in Australia through open discussion, media publicity and progressive LGBTIQ+ community have
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Universal Biosensors secures five more distributors for its Petrackr diabetes monitor
Bolstering its market presence and catering for growing demand from pet health conscious owners, Universal Biosensors (ASX: UBI) has secured partnerships with five new distribution partners for its Petrackr product. Petrackr is a biosensor tech product developed by Universal Biosensors, designed to monitor and track the level of blood glucose in real-time. These biomarkers hold
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Organic growth surging as Healthia rollout of allied health initiatives catch up the pandemic delays
While pandemic travel restrictions were more commonly linked to tourism businesses, the resumption of movement in FY23 enabled allied health company Healthia (ASX: HLA) to resume moving its teams around Australia and New Zealand to rollout a range of organic growth initiatives that are now bearing fruit. Operating more than 300 allied health clinics across
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US markets see fourth session of selling. Earnings, CPI ahead
The XJO is expected to open flat this morning despite a small pullback in the U.S on Friday. Their futures have edged into the green which is likely helping our market hold ground. On Friday we finished the week relatively positive as we retraced from our intraday lows to finish marginally in the green. The
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Encouraged by interim data, FDA approves Pharmaxis to expand its myelofibrosis treatment trials
Fresh off reporting final interim data from their Phase 2 clinical trials for PXS-5505 to treat myelofibrosis, biotech company Pharmaxis (ASX: PXS) has quickly jumped forward in the commercialisation process having been cleared by the US Food and Drug Administration (FDA) to commence a combination arm of the trial. The clearance of the amended trial
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Demand for digital humans rising as UNITH catches the attention of public sector
Cost-cutting is traditionally the vernacular of the private sector where savings ultimately lead to profit but such business acumen is now creeping into the public sector which is catching wind of the reliability and efficiency of digital humans which could soon replace many public servants. This is the nature of digital humans according to artificial
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Harris Technology eyes eCommerce expansion into the United States and United Kingdom
While Australia’s retail industry continues industry-wide struggles, eCommerce company Harris Technology (ASX: HT8) is focusing its growth on friendlier retail markets while Australia faces a spending crunch, catalysed by rising interest rates which have put immense pressure on household spending. Ongoing interest rate rises enforced by the Reserve Bank of Australia have hit all retailers
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Nightingale enhances its autonomous drones with gunshot detection via EAGL partnership
Law enforcement agencies will soon have a powerful new tool to respond swiftly to gun-related incidents with drone tech company Nightingale Intelligent Systems (ASX: NGL) to integrate gunshot detection systems into its drones through a partnership with defence tech company EAGL Technology. This strategic alliance aims to equip Nightingale’s Blackbird autonomous drones with EAGL’s cutting-edge
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XJO stuck at 7,300
The XJO is expected to open flat this morning despite a small rise in the U.S overnight. Ultimately, their market is trading at the top of the range, and so our market is following suit. Their futures are also flat this morning. Yesterday was an indecisive day of trading. We clawed back some early session
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Bioxyne makes first sales for mushroom nootropics, a mushroom nootropic brain supplement
For anyone looking to cut down their coffee fix, they may soon have a natural alternative in the form of mushroom nootropics which acts as an even stronger cognitive stimulant than caffeine with manufacturer Bioxyne (ASX: BXN) making its first sales. The sale of Dr Watson products came via Amazon US where the mushroom nootropics
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Archer commences foundry discussions for production of graphene biochip
Australian semiconductor company Archer Materials (ASX: AXE) has taken a major step forward towards the commercialisation of its biosensing graphene transistor technology with the transfer of its chip designs to a commercial foundry to initiate a production run. The company’s partnerships with international semiconductor fabs have advanced this year, with Archer having completed its optical
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Pharmaxis delivers impressive Phase 2 clinical data to treat myelofibrosis, pushing on to FDA discussions
In a potential breakthrough for the field of bone marrow cancer treatment, biotech company Pharmaxis (ASX: PXS) has released the final interim data analysis of their Phase 2 clinical trials for PXS-5505, a promising drug aimed at combating the debilitating effects of myelofibrosis. The data revealed 60% of trial patients experienced a significant improvement in
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Sequoia Financial strengthens financial, legal, and accounting advice services through Castle acquisitions
In a strategic move aimed at enhancing its comprehensive financial advice services, Sequoia Financial Group (ASX: SEQ), has announced the acquisition of Castle Corporate and Castle Legal. The deal is expected to bring substantial synergies to Sequoia’s operations,boost its earnings and bring benefits for Castle clients. Sequoia Financial has been at the forefront of providing
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UNITH wins contract for its AI-powered digital humans to service global lottery customers
Individuals around the world will soon have more opportunities to win $500 million jackpots with online lottery platform AZBillions to deploy digital humans to its online ticketing platform, powered by artificial intelligence company UNITH (ASX: UNT). The purchase order from Xite Holdings, which wholly-owns and operates AZBillions, which will deploy the digital humans to perform
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Top Shelf International secures national distribution through BWS and Dan Murphy’s following strategic review
Set to expand its national footprint, Australian spirits company Top Shelf International (ASX: TSI) has secured national distribution of its NED Australian Whisky with Endeavour Group (ASX: EDV), opening up access to customers of drink retailers BWS and Dan Murphy’s. The strategic move expands the availability and accessibility of NED Australian Whisky to consumers across
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Archer makes breakthrough in development of 12CQ chip by preserving quantum functionality at room temperature in air
Quantum computing has emerged as a cutting-edge field with the potential to revolutionise various aspects of technology, from cryptography and optimisation to drug discovery and artificial intelligence. One critical factor that plays a pivotal role in the performance of quantum computers is the conditions in which their qubit processors are required to operate. They include
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AUDD launches on the XRP Ledger as Novatti broadens stablecoin reach
By facilitating instantaneous transactions that can be publicly traced, blockchain-based payments are rapidly disrupting traditional banking systems where digital payments company Novatti Group (ASX: NOV) has confirmed the launch of its AUDD stablecoin on the XRP Ledger. XRP Ledger (XRPL) is a decentralised exchange (DEX) operated by Ripple, where XRP is the native digital currency.
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Archer boosts its qubit material performance at room temperature
Australian semiconductor company Archer Materials (ASX: AXE) has reached a significant milestone in engineering its cutting-edge qubit material, which will likely play a role in future generations of powerful quantum computing. A qubit is the fundamental unit of information in quantum computing. Archer is one of few companies in the world developing qubit processors, chips,
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Scarless healing one step closer as Fiona Wood-led clinical trials demonstrate collagen reduction
The world is one step closer to scarless healing with clinical data released by the University of Western Australia (UWA) where their trials led by Professor Fiona Wood AM have delivered highly encouraging results from a topical cream that can reduce scar tissue formation. The vital ingredient within the cream used is the drug PXS-6302Read MorePublic
Chances are you’re about to lose, PointsBet heeds to its disclaimers and cashes out
The US market was long viewed as the white whale of the sportsbetting industry, but five years on from a landmark 2018 Supreme Court ruling which turned fiction into reality, those chasing the big win have copped the biggest losses. Ironic, huh? For Australian sportsbetting company PointsBet (ASX: PBH), today’s sale of their US operations
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humm comes full circle with return to business lending as BNPL trend wanes
As the OG of the buy-now-pay-later trend which gripped Australian consumer habits before turning out to be an awful business strategy, it’ been a much softer landing for humm group (ASX: HUM) which had a very strong lending business to fall back on, unlike its hip, young BNPL competitors. For humm, which was established back
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Universal Biosensors launches diabetes monitoring device for cats and dogs in the US
In the land of sugar and fat, health concerns for the general population are rising and this has extended towards our furry friends where diabetes in cats and dogs are a real risk which is being addressed by biotech company Universal Biosensors (ASX: UBI) and their blood sugar monitoring device. As the latest extension of
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Changes in migration policy to lift minimum salary to $70k spells great news for Novatti
While international people flow stagnated over the past two years in response to the pandemic. Opening of borders, though, has seen a big uplift of arrivals in Australia which is being reflected in demand for digital payments from Novatti Group (ASX: NOV) which reported a 105% increase in transaction values processed from its cross border
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Rewardle to expand food delivery business with acquisition of YourGrocer for $2,898
Strike while the iron is hot, or in this case when the target is ice cold. That’s exactly what consumer tech company Rewardle (ASX: RXH) has done as the white knight coming to the rescue of grocery delivery business YourGrocer which stopped taking orders last year and was in the process of being wound up
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Pharmaxis progresses FDA discussions, set to expand bone marrow cancer trial to treat more patients
A large cohort of patients around the world diagnosed with myelofibrosis (aka bone marrow cancer) will soon be able to access a new treatment which has already shown to be effective in a small group of patients undergoing treatment of PXS-5505 in Phase 2 clinical trials. Myelofibrosis is a rare cancer of the bone marrow
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RBA selects Novatti for central bank digital currency project
A Government issued digital currency is on the agenda of the Reserve Bank of Australia (RBA) which is tapping fintech companies around Australia for guidance on blockchain technology with the latest being Novatti Group (ASX: NOV), issuers of the AUDD stablecoin. Novatti launched the AUDD stablecoin last year where every AUDD issued is 1:1 fiat
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German researchers publish ‘best ever’ results for urgently needed blood cancer treatment
There is an urgent need for better treatment for myelodysplastic syndrome (MDS), a type of blood cancer, and new research published in prestigious scientific journal Nature Communications suggests a breakthrough could be coming. Researchers at the University of Heidelberg in Germany have reported results claimed to be “the best we have ever observed in our
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Healthia R&D Hub secures $810k grant for 3D digital solutions to treat diabetes-related foot ulcers
Healthia (ASX: HLA) may be best known for operating more than 300 allied health clinics across Australia and New Zealand, but the rising allied health company continues to be at the forefront of medical research. Together with a team of researchers from the Queensland University of Technology, James Cook University and Healthia’s R&D Hub, they
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Organic growth drives Heathia earnings with new allied health services introduced into clinics
Allied health company Healthia (ASX: HLA) has bounced back from the pandemic in style with organic growth across their network being driven by new services introduced to existing clinics and a workforce buoyed with enthusiasm which contributed to a 48.2% increase in earnings. For the Half Year ended 31 December 2022, Healthia reported $124.9 million
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Healthia expands in Victoria and Queensland with 16 physiotherapy and optometry clinics acquired
Australia’s fastest growing allied health company has gained further momentum as Healthia (ASX: HLA) expands their presence in Victoria and Queensland with the addition of 16 allied health clinics, taking their nationwide network beyond 320 across Australia and New Zealand. The newest additions to the Healthia network include Melbourne Hand Rehab which operates 8 hand
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Baby Bunting slashes dividend as profits pummelled, CEO resigns
Is the captain jumping ship? It’s a question that has to be asked when retailer Baby Bunting Group (ASX: BBN) confirmed their long-time CEO would be departing the company on the same day they announced a 67% fall in net profit. For the half year ended 26 December 2022, Baby Bunting generated total sales of
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HALO Technologies to enter European markets via financial service firm acquisition
Financial services company HALO Technologies (ASX: HAL) is putting its IPO money to use with global expansion in 2023 via the acquisition of Resilient Fund Managers Limited, a London-based peer that will fast-track HALO’s entry into the market. The acquisition will leverage Resiliant’s regulatory licences, aka the equivalent of an AFSL, in the UK and
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More than 400,000 employees paid via Reckon payroll solutions for small businesses
For small business owners that are constantly feeling the pinch of rising cost-of-living expenses, adequate business support can alleviate many of those pressures and are one of the reasons more businesses are turning to Reckon (ASX: RKN) not just for their accounting needs, but also payroll. Making their mark as one of the most popular
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Novatti to launch merchant services in New Zealand, expanding omnichannel payment gateways
How frequently do you use cash to make transactions? The odds are, barely. Many Australians now feel comfortable leaving their home without a wallet, and one in three use digital wallets on their phones to make payments every week. Australians are departing from the cash society and businesses need to keep up. That’s where fintech
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Surge in allied health spending sees Healthia confirm a big boost in earnings guidance
After two years of lockdowns and pandemic health concerns, the sun is back shining on allied health company Healthia (ASX: HLA) which saw a big upswing in trading in November and December after many had been putting off non-urgent medical appointments during the pandemic. The increased trading was witnessed across Healthia’s three disciplines – podiatry,
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Novatti regtech project granted $2.3m to reduce crypto fraud risks
Last year, Australians lost more than $98 million from digital crimes such as fraud and hacking according to the Australian Cyber Security Centre. The financial losses are substantial and life-ruining in many cases which is why it’s understandable that the Federal Government is keen to invest in projects that can reduce future occurrences. One of
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Harris Technology seizes on strategic review to deliver impressive quarter
While tech companies around the world have been shedding jobs with mass layoffs following a turbulent year for tech, eCommerce company Harris Technology (ASX: HT8) tackled the challenging conditions head on and have come out on top following a strategic review. As one of Australia’s high flyers during the pandemic, the online retailer thrived as
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Cann’d: clinical trials show no difference between cannabis capsules and placebo
Since the easing of regulatory red tape and wider societal acceptance of utilising cannabis for its medical properties, the medicinal cannabis industry has become an intense battleground as researchers have raced towards commercial products. In the case of Cann Group (ASX: CAN) though, they might have just triggered a land mine. Undertaking any form of
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Credit Intelligence confirms 70% profit downgrade after issuing shareholder warning
It’s been tough sledding for the buy-now-pay-later (BNPL) sector over the past 12 months and even at the smaller end of the scale, debt recovery company Credit Intelligence (ASX: CI1) has not been immune from rising expenses which has resulted in a 70% profit downgrade warning. Fortunately for Credit Intelligence, which operates a BNPL platform
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End of NFL ‘ball spotting’ controversies coming with Catapult to unveil microchipped football
American teens tossing the pigskin will soon have a definitive answer to who throws a tighter spiral with sports tech company Catapult Group (ASX: CAT) set to unveil the football of the future – a microchipped ball with wireless charging that can measure more than 1,000 metrics in live time. The football will be showcased
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Pointsbet launches online sports betting operation in Ohio, is their Australian exit imminent?
Even the fondest of Pointsbet (ASX: PBH) shareholders can’t remember the last time the Company actively promoted their Australian business to shareholders, rather focusing solely on their US expansion where the bookmaker has been a pioneer in the regulatory battlefield, unlocking access to each individual State in a slow and expensive process. As a reward
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Channel 7 calling the shots, extends cricket media rights to 2031
Aussies frustrated with the state of Australian cricket now wield more power than ever over the sport’s administration where many have inadvertently been voting with their mice based on the new media rights deal signed between Cricket Australia and Seven West Media (ASX: SWM), Foxtel and Kayo. The new seven-year agreement will see Seven, including
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Woolworth enters pet products retail market with PETstock acquisition
It’s no secret that many Australians have filled the companion void throughout the pandemic with animal companionship, which has led Woolworth Group (ASX: WOW) to confirm its newest retail vertical by acquiring 55% of Petspiration Group – the owners of PETstock and it’s network of 276 stores across Australia and New Zealand. Across its network
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Pharmaxis cancer drug progress detailed at leading scientific conference, eyes FDA discussions in 2023
Having delivered impressive interim trial data from their Phase 2 clinical trials for a treatment targeting incurable bone marrow cancer, the US Food & Drug Administration (FDA) could soon be the next stop for biopharmaceuticals company Pharmaxis (ASX: PXS) fresh off their poster presentation at the American Society of Hematology (ASH) conference. Hosted in New
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Healthia expands across Victoria’s growth corridor with acquisition of 9 allied health clinics
As a consequence of the pandemic, growth in regional Victoria has blossomed over the past three years with thousands of Melbournians that sought sea and tree changes along the Bellarine Peninsula which allied health group Healthia (ASX: HLA) has capitalised on by acquiring 9 new clinics in the region. The clinics comprise 9 allied health
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Platinum Asset Management identify value opportunity in Pharmaxis with $1.9m stake
When it comes to biotech investing, the value opportunities in Australia attract many of the world’s smartest investors. Amongst them, Platinum Asset Management (ASX: PTM) has joined a growing list of institutions taking a substantial stake in a little-known Aussie biotech set to announce hugely-anticipated clinical trial results within the next few months. With more
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Archer delivers biochip milestone with a system integrating robots and wettable electronics
Australian semiconductor company Archer Materials (ASX: AXE) is one step closer to the commercialisation of their deep tech biochip that could soon be used to detect some of the world’s most deadly transmittable diseases thanks to a major tech milestone. The milestone has been achieved in an early-stage prototype where Archer successfully implemented an integratedRead MorePublic
Harris Technology bucks online retail trends, set for busy retail season
Although Aussies are doing it tough with rising interest rates putting a strain on spending, eCommerce company Harris Technology (ASX: HT8) has found a sweet spot in the retail sector that is immune to the issues that have plagued online retailers for the past 12 months. Foreseeing a dropoff in sales of their flagship technology
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Encouraging myelofibrosis interim data sets Pharmaxis towards treating incurable disease
For patients given less than five years to live after being diagnosed with myelofibrosis, there is a new flicker of hope after clinical stage drug development company Pharmaxis (ASX: PXS) reported encouraging interim data from their Phase 2 trials. Myelofibrosis is a rare cancer of the bone marrow affecting 15 per 1 million people worldwide.
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SelfWealth stems cash burn, continues to benefit from rising interest rates
While online share trading platform Selfwealth (ASX: SWF) may be best known as a website where investors can buy and sell shares, it makes no secret of the gains it makes on interest from cash held in customer accounts as a handy means of revenue. Brokerage on trades has generally been Selfwealth’s most reliable source
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Apiam expands into Western Australia after legislative changes to vet practice ownership
Vet clinic owners in Western Australia may soon have a knock on their doors with Apiam Animal Health (ASX: AHX) entering the State for the first time following legislative changes that had been untouched for more than 40 years. The new legislation came into effect in June 2022 with Veterinary Practice Regulations 2022 effectively replacing
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Emerge Gaming targets affluent African gamers with launch of premium games platform
Having moved on from the pyramid scheme marketing operations that previously resulted in a 3-month suspension from the ASX, gaming company Emerge Gaming (ASX: EM1) is back on their strategic pathway in Africa with the launch of a new competitive game streaming service in partnership with telecommunications company MTN. To be known as MTN Arena
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Shareholders back Healthia to capitalise on friendly acquisitions market with $11.1m raised
Australia’s fastest growing allied health company Healthia (ASX: HLA) could soon be on the acquisition path with shareholders backing the Company to capitalise on the more than 110 businesses that they are in discussions about acquiring. Strengthening their balance sheet, shareholders strongly supported Healthia to the tune of $11.1 million from the Company’s capital raise
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US Department of Defence loads up with $1.8m order from DroneShield
In the land far away where it would be un-democratic to disallow teenagers to purchase guns and assault weapons, the nation is doubling down and increasing their layer of protection to now include airborne firearms through a major purchase from counter-defence company DroneShield (ASX: DRO). The $1.8 million purchase comes from the US Department of
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Clean TeQ Water secures filtration contract with Australia’s largest celery and leek grower
If you love your celery and leek, there’s a good chance that your produce will be treated with even cleaner water than before thanks to new nanofiltration technology supplied by Clean TeQ Water (ASX: CNQ) to Schreurs & Sons, one of Australia’s largest and most prominent celery and leek growers. The deal comes in theRead MorePublic
Iress shares tank following profit downgrade attributed to challenging economic environment
Amid rising interest rates to counter inflation, investors have been keeping their powder dry which has prompted share market data company Iress (ASX: IRE) to issue a profit downgrade as a result of reduced trading activity across the investor community. Defined by the company as “challenging macro conditions”, Iress has also cited supplier expenses that
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Clinical trials deliver promising data for anti-scar skin treatment
Patients who suffer from permanent scars are one step closer to a treatment that could alleviate both the physical and mental effects thanks to promising interim data released by clinical stage pharmaceuticals company Pharmaxis (ASX: PXS) and a team at the University of Western Australia, led by Professor Fiona Wood AM. The trial of drugRead MorePublic
PointsBet takes first online bet in Louisiana, home of brand ambassador Drew Brees
Sports loving fans in New Orleans can now bet with one of the United States’ fastest growing online bookmarkers with Pointsbet (ASX: PBH) having gained authorisation to accept its first bet in the State of Louisiana. The approval has been granted by the Louisiana Gaming Control Board, making Louisiana the 12th State that PointsBet has
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Tabcorp continues digital rebuild with $62 million sale of venue loyalty business eBet
Since the demerger of its lotteries business to concentrate on its wagering business, Tabcorp (ASX: TAH) has made further strides in its restructure with the sale of its eBet business for $62 million, no longer seeing value in its loyalty and tracking systems. Generating EBITDA of $4.4 million and an EBIT loss of $2 million
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Institutional investors back Healthia with $10m to accelerate allied health network growth
Having tripled their network of allied healthcare businesses since listing on the ASX four years ago to now be operating 309 businesses, Healthia (ASX: HLA) is on the move again with institutional investors keen for a bigger slice of the pie by backing the company with $10 million to accelerate its growth. The $10 million
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Unethical human trials, NeuroScientific Biopharmaceuticals rejected by regulator with years of research up in smoke
Aussies suffering from Alzheimer’s disease may have avoided some sketchy science after drug development company Neuroscientific Biopharmaceuticals (ASX: NSB) had their application to commence Phase 1 trials in humans, rejected by the Human Research Ethics Committee (HREC). In order for any drug development company to commence trials in humans, they must secure HREC approvals which
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Digital payments adoption accelerating as Novatti talks increased returns
Although some pandemic trends have lost momentum by returning to their pre-Covid status, one that shows no signs of slowing is digital payments, evidenced by revenue growth from Novatti Group (ASX: NOV) which has invested heavily in their ecosystem and is now eyeing positive cash flow. Operating a global ecosystem that facilitates digital payments, including
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Healthia sets new sight on becoming the top allied healthcare provider in Australia
Having serviced delivered more than 1.6 million patient appointments over the past year, allied health company Healthia (ASX: HLA) has such a large pipeline of acquisition targets that they have confirmed a new strategic vision of becoming the largest diversified allied healthcare provider in Australia and New Zealand. The ambitious goal has been set by
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Booktopia’s year from hell ends with $6 million fine from ACCC for misleading T&Cs
Even the best fiction writer probably couldn’t script this if they tried but a tumultuous year where everything that could go wrong, did – has finally ended for online books retailer Booktopia (ASX: BKG) which has culminated in a $6 million fine for breaches in consumer protection laws. The $6m fine from the Australian Competition
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Selfwealth laser focused on profitability with transition away from ‘cheap’ brokerage model
Cash. It’s all about cash. And retail investors are playing safe by holding cash instead of equities as online brokerage company SelfWealth (ASX: SWF) progresses through a business transformation which has seen its growth slow, and profits fall. As previously acknowledged by SelfWealth, the surge of retail investors entering equity markets during the pandemic was
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Nothing to see here Zipsters, just a casual $1 billion loss and twice as many bad debts
As the BNPL fad continues deepening into irrelevance, market leader Zip Co (ASX: ZIP) insists profitability is on its horizon. You just have to overlook any timelines for such to be achieved, and their $1 billion loss for FY22 which includes $276m in customer delinquency write offs. Consumers have been happy to utilise Zip’s BNPL
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Parents going cold on G8 Education centres as profits plunge 63%
Charging an average of $131 per day across their 448 childcare clinics, parents are voting with their feet away from centres run by early education company G8 Education (ASX: GEM) which has reported a 63% decline in profits for the Half Year. For the six months ended 30 June 2022, G8 Education reported a 1.1%
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Cirrus whips backhander at WebCentral upon concession of failed hostile takeover
Hostile takeover attempts are a thing of beauty when it comes to listed companies poop-flinging in the boardroom but IT services provider Cirrus Networks (ASX: CNW) has had the last laugh over rival WebCentral (ASX: WCG) by forcing their hand in abandoning their attempt. Despite WebCentral having a $70m market cap, more than double thatRead MorePublic
Star Entertainment overcomes regulatory issues with swing back towards profitability
The ongoing impact of COVID on gambling looks to be over for casinos operator Star Entertainment Group (ASX: SGR) which has reported their first profitable half-year since the start of the pandemic as Aussies have been quick to return to the pokies as soon as legally possible. For H2 FY22, Star Entertainment reported normalised net
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Mayfield Childcare profits jump, but no end in sight for childcare educator shortage
In what has to be considered a remarkable result, childcare operator Mayfield Childcare (ASX: MFD) has delivered $3.5 million in net profits despite facing an existential shortage in labour and occupancy rates dropping all over the country as the pandemic toll continues to plague the industry. For the six months ended 30 June 2022, Mayfield
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HT&E maintains top FM radio spot driving advertising sales and share buyback
We may be spending less time in the car, commuting to work, but there’s still plenty of money being made by commercial radio operators with leading media company HT&E (ASX: HT1) maintaining the top position across metropolitan FM radio which has driven a 58% increase in revenue while facilitating a major expansion into regional markets.
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Harris Technology launches HT Home as new eCommerce channel for household goods
While they may best be known as a tech retailer that has been servicing Aussie offices for more than 35 years, Harris Technology (ASX: HT8) is expanding into household products with the launch of their new HT Home store to substantially increase their online retail exposure. HT Home is an online store dedicated to the
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Don’t discount Tasmania with MyState Bank making big inroads on the mainland
If you’d never heard of MyState Bank (ASX: MYS) before you saw their logo on the Tasmania JackJumpers jersey, you’re not alone. But you could soon be one of the many mainlanders turning to the Tassie-based bank which is writing an increasing number of home loans north of the Apple Isle. For the bank which
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Baby Bunting delivers bumper results with expansion in NZ and online channels to come
Aussies may be tightening the household budget amid rising cost-of-living expenses but when it comes to retail spending, there’s one area that families are happiest to spend on – babies. It’s also why retailer Baby Bunting (ASX: BBN) has bucked the retail trend with another bumper result. For the 52 weeks ended 26 June 2022
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iSelect receives takeover offer as online comparisons market no longer what it was
If you’re one of the 1.6 million Australians that has used online price comparison website iSelect (ASX: ISU) to compare utility prices, phone plans or insurance quotes – you’re about to have your personal details sold, with the Company having received an offer from their largest competitor to acquire all shares at an 87% premium.
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More businesses turning to Reckon for cloud-based business solutions as customer numbers keep rising
With the increasing transition towards business administration being fully digital, more SMEs are turning to business tech company Reckon (ASX: RKN) which is expanding its platform solutions that are now used by more than 117,000 SME customers. The operational highlight for Reckon was their $100m asset sale of a subsidiary business, that has no impact
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Expanding beyond scaffolding, Acrow enters into Jump Forms with immediate contract wins
Best known in construction circles as one of the longest operating providers of scaffolding and scaffolding services, Acrow Formwork and Construction Services (ASX: ACF) is set to embark into the lucrative world of Jump Forms where they have hit the ground running with two immediate contract wins. While scaffolding has long been the most reliable
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Booktopia eyes fresh start with new fulfilment centre, forewarns asset write downs
Although corporate turmoil has plagued Booktopia (ASX: BKG) over the past 12 months, with 90% of the company valuation slashed, there may soon be some light at the end of the tunnel with the books retailer set to start fresh at a new distribution facility. The move, which will only be down the road from
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Buddy Technologies deemed worthless as receivers gut the company, acknowledge shortfall on secured debt
Four months since appointing receivers to untangle the mess of a business created by Buddy Technologies (ASX: BUD), receivers have found one asset of value to sell off but that won’t come even remotely close to paying off debts owed by the tech company which has been suspended by the ASX since April 2022 following
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Lumos to stem the haemorrhaging by shutting down Florida manufacturing facility
Cash, it’s the lifeblood of any business and while their specialty in early stage disease diagnosis, Lumos Diagnostics (ASX: LDX) has finally applied the same thinking to their business having identified unsalvageable cash burn, prompting the closure of their Florida manufacturing facility. Although the US healthcare market is the world’s most lucrative, Lumos will cease
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McDonald’s commit to Plexure’s customer engagement and loyalty tech with 5-year extension
If you’ve ever wondered how McDonald’s knows what your favourite Maccas order is, it’s because of their investment into customer engagement and part of that is thanks to tech company Plexure (ASX/NZX: PX1) which has entered into a new 5-year deal to remind its customers how much they love chicken nuggets. The 5-year agreement continues
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Apiam expands commitment to racing industry with naming sponsorship of Bendigo Racecourse
Better Loosen Up, Hyperno, Ortensia, Santa Ana Lane, the list goes on. Within racing circles, Bendigo Racecourse is commonly referred to as the Nursery of Champions due to the amount of legends that have started their careers at the famous track now named Apiam Bendigo Racecourse with Apiam Animal Health (ASX: AHX) furthering their commitment
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Novatti delivers 97% revenue growth as digital payments ecosystem builds momentum
Despite doom and gloom heaped upon the tech sector in recent months, digital payments company Novatti Group (ASX: NOV) has emerged as a shining light with major growth witnessed over the past 12 months that has seen their revenue rise 97% to $32.5 million. Although Novatti may not be a household name yet, the Company
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NSX preparing to raise capital for Saudi Arabia expansion amid ASX leadership stumbles
Although they may be regarded as the unfashionable sibling to their more flashy ASX counterpart, the National Stock Exchange (ASX: NSX) can hold their head up high knowing they haven’t had half their Executive team resign over the past six months and they’ll probably reference that when they raise capital for expansion into Saudi Arabia.
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Online shoppers want same-day delivery as evidenced by Zoom2u’s 63% jump in revenue
Australian shoppers are impatient and that impatience is increasing. It’s why delivery tech company Zoom2u Technologies (ASX: Z2U) continues to gather momentum for its same-day delivery services as more retailers engage the service as an option for their customers to receive their online purchases in record time because it seems that express post just isn’t
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After 15-month suspension, DomaCom eyes re-listing on ASX with $134 million FUM
For shareholders of fractional investment company DomaCom (ASX: DCL), it’s been a difficult FY22 which has thankfully come to an end given the Company’s 10-day voluntary suspension ultimately turned in a year-long ordeal but with a new financial year upon us, the Company is hopeful of finally re-listing alongside the release of their FY23 strategic
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Harris Technology to launch HT Home with diversification into household goods
While their brand is synonymous as one of Australia’s most trusted tech retailers over the past 30 years, online retailer Harris Technology (ASX: HT8) will soon be expanding into a range of household products with plans to launch a new HT Home division. The launch of the new division comes following Harris Technology’s record FY22
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Spacetalk culls 15% of workforce as shareholders seek to oust CEO despite sales momentum
Child safety technology company Spacetalk (ASX: SPA) has taken the prudent approach of axing 15% of their workforce in an effort to reach their operational break even target sooner, despite sales momentum of their wearable smartwatches for children continuing to grow. For the quarter ended 30 June 2022, Spacetalk reported $4.1 million in revenue which
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Existential childcare crisis: G8 Education appoints discount retail boss as CEO
A secret war is taking place across Australia’s childcare industry and despite their struggles on the battlefield, G8 Education (ASX: GEM) is doubling down by appointing a new CEO who once again, has zero experience in early childhood education. Since the onset of COVID, the pandemic has wreaked havoc on Australia’s childcare industry through a
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Plenti of Aussies still taking out online loans despite interest rate hikes
Interest rate rises are expected to continue dominating national headlines for the months ahead but this hasn’t stopped Aussie borrowing behaviour as witnessed by neolender Plenti Group (ASX: PLT) which issued 11% more loans through the June quarter than the March quarter. Where prior corresponding period metrics tend to be the ones reported the most,
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Industrial sales surge as Coventry Group directors walk the talk, buying on-market
Despite a construction crisis making its way through national headlines, there are no such crises in the industrial sector as evidenced by supplies company Coventry Group (ASX: CYG) which is going from strength-to-strength with rising sales and their eyes set on acquisition targets. Confirming their unaudited results for the full year, Coventry Group expects FY22
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Capitalising on influencer generation, SILK Laser Clinics acquires 5 locations in Victoria
Victorians unhappy with their physical appearance may soon find themselves perusing non-surgical aesthetic options at one of SILK Laser Clinics’ (ASX: SLA) newest locations after the roll-up operator acquired five new clinics. With the acquired Unique Laser clinics located in Ballarat, Doncaster, Geelong, Torquay and Waurn Ponds, it takes SILK’s nationwide network to 128 clinics
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Never give up: Perenti lands $10m cash settlement 18 years after West Africa property fire
It’s often said that the wheels of justice churn slowly but 18 years on from neighbouring property catching fire, mining services company Perenti (ASX: PRN) has finally ended the long running legal saga, securing a $10 million settlement. The damages relate to a property owned by Perenti, which rebranded from Ausdrill in 2019, in West
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Michael Hill bucks retail trend as interest rates appear to have no impact on jewellery spending
Despite concerns about the rising interest rates and cost of living, that somehow hasn’t stopped Australians buying jewellery as Michael Hill International (ASX: MHJ) has bucked the retail sector trend with rising revenue and stronger margins. The June quarter was expected to be the one hardest hit for retailers with consumer confidence at its lowest
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Complii Fintech revenues surge with move to become one-stop-shop for listed companies
Complii Fintech (ASX: CF1) has continued its rapid progression towards becoming a one-stop-shop for ASX-listed companies that can handle all facets of regulatory compliance and capital raising with their busy year being capped off by a 406% surge in revenue. For the year ended 30 June 2022, Complii generated $9.05 million in revenue receipts from
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Earnings crunched for KMD Brands without $40m in Jobkeeper payments
One of the surefire signs winter is here is when city slickers don their puffer jackets where social-desirability invariably leads to more jacket sales, but as KMD Brands (ASX: KMD) has found, that’s reliant on said Kathmandu jackets being out in public view. With less public foot traffic in response to the pandemic, earnings have
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Selfwealth cashes in on rising interest rates as investors leave cash balances on platform
Although low-cost trading platform SelfWealth (ASX: SWF) has seen customers reduce their online trading activity, many opting for rival platforms that are even cheaper, there is a silver lining amid rising interest rates where the Company is accruing more revenue as interest through the $736 million they hold as cash on behalf of their customers.
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Aquis grinning with strongest hand as bidders up stakes in Canberra Casino play
If you are sitting at a poker table, Tony Fung is the chip leader with pocket aces that just checked on the river. As the majority shareholder, he’s stoked to see Aquis Entertainment (ASX: AQS) throw away $1 million to secure much more by accepting a rival offer for Canberra Casino where a new buyer
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False positives: Lumos shares slaughtered as FDA knocks back application for viral infection test kits
While small cap shareholders have become accustomed to major share price gains once a medtech or biotech receives FDA approval to commercialise their products, it’s not all sunshine and rainbows on the FDA horizon as Lumos Diagnostics (ASX: LDX) has found, following the rejection of their FebriDx test kits. As a rapid diagnostic test that
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Adult education driving record edutech sales for Janison but earnings lag
Like how learning is often compared to the process of osmosis, education tech company Janison Education Group (ASX: JAN) is dispersing its way into some well known adult education institutions with several enterprise contract wins leading to the company setting new revenue records in FY22. Enterprise clients remain the softest target for Janison where online
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Nova Eye Health sees immediate sales of glaucoma surgery device following regulatory approvals
With improvements in allied healthcare, the 134 million people worldwide diagnosed with glaucoma is likely to increase with better diagnostics, but also ensure earlier detection which can be treated sooner as evidenced by medtech company Nova Eye Medical (ASX: EYE) and rising sales of their advanced ophthalmic treatment technologies and devices. As the developers and
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Better Beer on the move as Mighty Craft strikes NZ distribution deal for zero-carb goodness
An Australian beer rapidly rising in popularity as a low-carb alternative is set to be launched in New Zealand with alcoholic drinks brewer Mighty Craft (ASX: MCL) entering into an agreement with DB Breweries to distribute Better Beer in New Zealand. The binding agreement will see the zero-carb, zero-sugar and low-calorie beer initially imported into
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With global talent on the move, Xref delivers record sales
As the world resumes its international border reopenings, global organisations have been quick to tap back into the overseas labour market which has contributed to recruitment tech company Xref (ASX: XF1) achieving $21 million in sales to set a new record. Sales have primarily been for its digital reference checking and verification services which automate
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Genetic Technologies expands prenatal testing kits to Europe as abortion debate rages
Expectant parents in Europe will soon have access to leading prenatal testing kits that are widely utilised in Australia to diagnose a range of life quality impacting diseases, including Down Syndrome, courtesy of biotech company Genetic Technologies (ASX: GTG) expanding their test kit distribution into Europe. Mothers-to-be typically perform a Non-Invasive Prenatal Test (NIPT) any
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More blue chip deals as SRG Global awarded contracts from Fortescue and Visy
When it comes to construction, rising raw material expenses have plenty of builders under pressure but engineering company SRG Global (ASX: SRG) seems to have found a somewhat simple solution to the industry pressure – just work for those with bottomless cheque books. Ok, it might not be as simple as it sounds but that
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HITIQ to collaborate with Shock Doctor for boil-and-bite concussion tracking mouthguards
As the debate over concussions in sport rages across the professional level, it’s flow on impact at the community level is one that sports tech company HITIQ (ASX: HIQ) foresees in the immediate future, as they set to increase their retail sales exposure through a collaboration with mouthguards manufacturer Shock Doctor. Those of us that
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Simble revenues rising with push towards Net Zero carbon tracker
Capitalising on the global push towards carbon net zero initiatives, sustainability tech company Simble Solutions (ASX: SIS) is growing its sales pipeline through its big push of energy tracking software that can assist offices to reduce their carbon footprint, and even reach Net Zero. The sales are coming courtesy of sales initiatives in Australia and
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Fastest growing allied health group welcomes 16 new Partners
As Australia’s fastest growing allied health portfolio, Healthia (ASX: HLA) has been rapidly expanding its network of podiatry, physiotherapy and optometry clinics which have seen the promotion of 16 new Partners under their unique ownership model. Hosted at the Hilton in Brisbane and with existing Partners in attendance, Healthia welcomed 16 new members of their
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AML3D engaged by ExxonMobil for 3D printed machinery
As the world continues advancing new applications for 3D printing as a more sustainable means of manufacturing, metals tech company AML3D (ASX: AL3) has been engaged by one of the world’s largest oil and gas companies for 3D printed commercial machinery. The engagement comes from ExxonMobil Asia Pacific which has contracted AML3D to create the
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iCollege thrives as international students return, launching new gaming degrees
While locked up at home throughout the pandemic, the acceleration of online gaming has been a major boon for the game development community which contributed to the rise in demand for labour and just one of the reasons education provider iCollege (ASX: ICT) has been approved to launch new degrees to meet surging demand for
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Optiscan to expands distribution throughout China for tumour detection microscope
With increasing health awareness across China, medtech company Optiscan (ASX: OIL) is set to increase the exposure of their in vivo microscopic imaging camera which can be thread through the human body for use in cancer detection and surgery. The increased exposure will come through a freshly inked distribution partnership with biotech company Sinsi Technology
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X2M expands IoT services in South Korea to be servicing 4,000 households in Okcheon County
Gone are the days of meter checkers walking around your garden to record your power and water usage with the Internet-of-Things (IoT) now making rampant progress to automate such laborious jobs. As one of the world’s most advanced nations, it should come as no surprise that South Korea is leading the way with Aussie tech
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Apiam acquires leading vet clinic in major Victorian growth corridor
Just days after successfully raising $20m from investors keen for a slice of Apiam Animal Health (ASX: AHX) and their rapidly growing business, the vet clinic operator has secured a prized asset in one of Victoria’s fastest growing regions located just 40km north of the CBD. The Vet Practice is a full-service companion animal clinic
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Biggest contract in company history, archTIS land $7m cybersecurity DoD contract
Gearing up for more sophisticated cyber attacks in the years to come, Australia’s Department of Defence has beefed up their preventative measures by engaging cybersecurity company archTIS (ASX: AR9) on a 2-year deal. The contract is an extension of existing services archTIS provides the DOD but as a $7.03m deal over those two years, it
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Last man standing, Humm Majority Directors stand down after failed sale of BNPL division
As a drama positioning itself as Season 2 of a potential Netflix series on ASX-listed controversy, the boardroom warfare between Humm (ASX: HUM) directors is nearing an end with its Majority Directors all tendering their resignation, leaving Andrew Abercrombie as the sole member, following the failure of its sale to Latitude Financial (ASX: LFS). FollowingRead MorePublic
Apiam successfully raises $20m as investors back ambitious regional expansion
Despite market volatility plaguing the market, investors have continued to be supportive of regional vet clinic operator Apiam Animal Health (ASX: AHX) which successfully raised $20.25 million from shareholders keen on the Company’s defensive performance where its animal healthcare services have proven resilient during COVID-19 and with current market forces. While the global market has
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ACCC and FIRB clear Reckon’s $100m sale to focus on its rapidly growing software business
All regulatory hurdles have now been cleared for accounting software company Reckon (ASX: RKN) to proceed with the sale of its practice management business, clearing the path to focus on its cloud-based tech whose customer base is rapidly expanding. Due to the value of the sale of Reckon’s Accountants Practice Management Group (APMG) which is
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Million dollar smiles unfazed by inflation as Southern Dental issues revenue upgrade
Cost of living expenses may be rising through the roof but that hasn’t stopped people spending to look good with dental products company Southern Dental (ASX: SDI) announcing they are expecting a 16% increase on sales for FY22 to $95 million. Southern Dental produces a range of dental products that are manufactured in Melbourne that
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Sports analytics firm backs PointsBet quantitative modelling, follows $94m investment
Despite global markets being on edge amid interest rate rises, sportsbetting company PointsBet (ASX: PBH) has strengthened its balance sheet with a $94 million investment from Sports Investments Corp (SIG Sports) which will see the bookmaker accelerate its quantitative analytics capabilities. The $94.16 million investment comes in the form of a Private Placement to SIG
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Humm and Latitude call off sale despite BNPL woes as rogue Director outmuscles Board
In a remarkable series of events headed by one rogue Director, the proposed $335 million sale of Humm’s (ASX: HUM) buy-now-pay-later division to Latitude (ASX: LFS) has been shot down just two days after the Chair of Humm pleaded with shareholders to accept the acquisition proposal. What makes the saga most incredible is the global
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Beth Appleton revitalises Jaxsta revenue model to monetise its 116k user database
Newly appointed CEO Beth Appleton has hit the ground running since taking the reins of troubled music tech company Jaxsta (ASX: JXT) by revitalising the Company’s revenue stream with a focus on monetising their 116,000 users which have to date offered virtually no financial contribution. While the Company has remained on life support through a
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Equity Story secures SEC approval to launch investment recommendation services in the US
Making the jump into the world’s most lucrative market for investment opportunities, financial commentary company Equity Story (ASX: EQS) has made the big leap into the United States market having secured SEC approval to operate its advice and investor education services. International expansion has been facilitated by the United States Securities Exchange Commission (SEC) approving
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Oventus bites the dust as sleep apnea mouthguards fall into slumber with administrators called in
Despite their claims of being able to improve millions of lives by providing better sleep at night using their bite fork mouthguards to treat sleep apnea, medtech company Oventus Medical (ASX: OVN) will never have the opportunity to prove that statement correct having entered Voluntary Administration amid mounting debt and their sales hitting the snooze
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Halo Food Co extends Coles agreement for white-label milk powder products
Amid a global shortage of milk powder and infant formula, dairy company Halo Food Co (ASX: HLF) has taken a conservative approach to secure a large chunk of their revenue through a contract extension with Coles Supermarkets (ASX: COL). The 2-year contract extension is valued around $9.5 million and will see Halo supply Coles with
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Institutional investors back Apiam to accelerate growth amid regional boom
With it now abundantly clear that Australians who moved away from capital cities at the start of the pandemic have zero intention of returning to traffic jams and shoebox apartments, institutional investors have seen the light by backing regional vet operator Apiam Animal Health (ASX: AHX) to deliver on their ambitious regional expansion strategy. Over
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XTEK receives $9.5 million order for body armour in the US
As discussions around gun violence in the United States continue, counter-market forces concurrently perforate through to the consumer market with defence products manufacturer XTEK receiving a $9.5 million order for body armour through their US-based armour division. The purchase order comes from a customer that has elected to remain unnamed but will receive their $9.5m
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American beer on the rise as Good Drinks Australia appointed exclusive distributor of Coors and Miller
Aussie fans of American beers will soon have a lot more access to leading brands Miller and Coors thanks to an exclusive distribution deal signed by Good Drinks Australia (ASX: GDA) to bring the refreshing taste of those top brands throughout the Australian market. The appointment by Molson Coors (NYSE: TAP) is described as a
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Dr Pickles to soothe the pain with $21m takeover not looking so rosy for Sierra Sage Herbs
With just four months of operating cash in the bank according to last month’s quarterly report, cannabis company Creso Pharma (ASX: CPH) are back in the headlines inking deals with the latest collaborative agreement to potentially enter the Australian body care market via Dr Pickles. Key to the non-binding Heads of Agreement (HoA) signed is
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BetMakers to bring Norwegian racing into the online wagering era
While nordic horse racing in Australia may be best known for its charismatic Swedish racecaller, racing in Norway could soon catapult onto the global stage with the investment being made in their industry starting with upgrades to their tote system via a 10-year engagement with wagering tech company BetMakers (ASX: BET). The increase to international
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Apiam launches new equine hub with major acquisition of Victorian Equine Group
Capitalising on attractive industry tailwinds that have seen the Australian Thoroughbred industry thrive through record prize money which has flowed down to customer spending, Apiam Animal Health is set to open its newest equine hub in Victoria following their acquisition of Victorian Equine Group (VEG). Located in Bendigo, VEG is one of the largest equineRead MorePublic
Has this tech company just pulled off the Sale of the Century?
By any measuring standard, to sell your businesses for its full valuation while retaining its core assets sounds too good to be true. But that’s exactly the deal that Reckon (ASX: RKN) has pulled off with the divestment of a periphery business for $100m when Reckon was trading on the ASX with market cap of
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Monash IVF joins M&A arms race with entry into Perth IVF market via acquisition
IVF – they are the three hottest letters across corporate Australia at the moment with major interest from private equity firms around the world keen for a slice of the IVF market where many of the industry’s pioneers and leading scientists were born. Through a combination of wider acceptability and openness of IVF discussions amongst
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SportsHero launches eSports predictor in China to gamify eSports gambling
Gambling in China – it’s a big no no. But with the underground industry hugely lucrative in the mainland, many businesses are finding more legal means to monetise the gambling psyche within the Chinese population with sports tech company SportsHero (ASX: SHO) the latest to join the movement through the eSports predictor competitions. Just because
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Regis Healthcare to claim back $14m spent on aged care COVID outbreaks
Amid the many inconveniences caused by COVID over the past two years, the little discussed frustration is the sheer cost that organisations have spent to minimise outbreaks. However, for aged care operator Regis Healthcare (ASX: REG), the bill for Omicron has come to $14 million which they hope to get back. Given their stringent Government-imposed
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The confident small cap CEO that has bought up $750k in his company’s shares
When it comes to investing in publicly listed companies, there is no stronger show of confidence for shareholders than when Executive management buys shares on-market. It’s why investors should be taking note of one ASX-listed small cap CEO having bought $750k on-market in the past 2 years – a genuine indicator that they think the
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No Tony Fung, no Canberra Casino as Aquis exits business to focus on other ventures
Just 9 months since billionaire investor Tony Fung stood down as the Chairman of Aquis Entertainment (ASX: AQS), the company is packing up via the sale of Canberra Casino as the business has continued to struggle without the stewardship of Fung, their largest shareholder. Well known for his massive investment across Australia over the past
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MMA Offshore secures $23m contract for underwater infrastructure in Qatar
When it comes to offshore services, time spent at dock is time wasted but comfortably on top of that, MMA Offshore (ASX: MRM) is set to deploy MMA Pinnacle to Qatar within just weeks of finishing another 3-year offshore contract. The new deal is valued at $23 million with MMA to provide offshore construction support
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Joyce Corp flags new renovation services to complement Bedshed and Kitchen Connection
If you love strolling through renovation showrooms like those run by Bedshed and Kitchen Connection but don’t want to physically do the upgrades yourself, it could soon be much easier to have them done for you with Joyce Corporation (ASX: JYC) set to launch a new services business that will complement their aforementioned showrooms. While
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Oceania Healthcare acquires prestigious retirement villages to service New Zealand’s aging population
Regarded as one of the most progressive nations in the world under the leadership of one outstanding individual, New Zealand could soon become a retirement destination if the trend of decadent living continues to be driven by aged care operator Oceania Healthcare (ASX/NZX: OCA), which has acquired two prestigious retirement villages where homes sell for
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Novatti launches AUD-backed stablecoin for instant payments on blockchain
Picture yourself walking into a bank, what can be achieved in 10 minutes? You might make it to the front of the queue before being directed to call up to ask the exact same question the teller couldn’t answer. In that same amount of time, you could have transferred $30 million overseas using blockchain technology
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Hutchi to launch SENQ following major Brisbane radio licence acquisition
Since his days of being the butt of Sam Newman jokes on The Footy Show, Craig Hutchison has emerged as one of Australia’s biggest media moguls with Sports Entertainment Group (ASX: SEG) expanding its footprint in Queensland through the acquisition of the 4KQ 693AM radio licence for $12 million. Somewhat of an opportune pickup, SEG
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Bad debts mount for humm but who cares, that’s now Latitude’s problem
Binding – what a great word! This will be the sentiment amongst most shareholders in buy-now-pay-later company humm group (ASX: HUM) which like its peers has seen a sharp downturn in BNPL customers. Thankfully for those shareholders though, humm has a “binding” agreement to sell their consumer finance business to Latitude Group (ASX: LFS) with
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Fluence secures two large wastewater treatment deals under newly appointed CEO Tom Pokorsky
WTaaS – some people might say business acronyms are getting a bit ridiculous but I’m sure you already knew that stands for wastewater treatment as a service because its just common sense, duh. It’s also the latest revenue source for water treatment company Fluence Corporation (ASX: FLC) which has secured a WTaaS contract covering 8
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Vmoto accelerates diversification strategy with 96% of eScooters sold internationally
Executing a strategy to diversify their revenue stream and limit geopolitical risk, electronic vehicle manufacturer Vmoto (ASX: VMT) is comfortably on their way to achieving their risk goals with confirmation that less than 4% of their sales are now being generated in China. For the quarter ended 31 March 2022, Vmoto sold 7,998 vehicles which
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Healthia expands allied health footprint with new VIC and NSW acquisitions
Emerging healthcare juggernaut Healthia (ASX: HLA) has continued to expand its national footprint as Australia’s fastest growing allied health portfolio, this time acquiring six new clinics across Victoria and New South Wales. The new additions include four hand therapy clinics and a physiotherapy clinic in Melbourne as well as one optometry clinic in Singleton, New
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Rent.com.au set to introduce crypto payments for rent in response to tenant demand
If you weren’t sure of the adoption capabilities of cryptocurrency, there has been enough demand from Australians to use it to pay their rent that property tech company Rent.com.au (ASX: RNT) is going to facilitate rent payment from tenants as part of an upgrade to their RentPay app. A one-stop-shop for all tenant related matters
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Harris Technology on track for record sales with 23% jump in March quarter sales
Despite international supply chain delays that have been caused by freight congestion across ports around the world, online retailer Harris Technology (ASX: HT8) has found a surprisingly simple solution to those problems which has resulted in a 23% increase in revenue. As International shipping delays see a backlog of ships idling at sea awaiting entry
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Playside showcases Bean Land metaverse game as NFT sales strengthen balance sheet
Fresh from the minting of their Beans NFTs which generated $8.4 million in sales from the creation of digital assets, game development company Playside Studios (ASX: PLY) has delivered a bumper quarter in sales which was their highest ever recorded. For the quarter ended 31 March 2021, Playside generated $13.76m in sales which represented aRead MorePublic
Brisbane City Council replaces more parking inspectors with AI to issue infringement notices
If you’re a parking inspector working in Brisbane, just a heads up – you’re probably going to lose your job soon because your employer has just bought 4 more robots from AI company SenSen Networks (ASX: SNS) that can do your job for less money and better. This is the unfortunate reality for the families
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Pet owners flocking to vet subscriptions as Apiam reports Best Mates membership growth
For most pet owners, there is no price too dear for their animal healthcare but with an opportunity to reduce annual expenses most have quickly signed up to the Best Mates program run by Apiam Animal Health (ASX: AHX) as soon as it becomes available in their clinic for unlimited consultations via an annual subscription
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East 33 flags major oyster cull as QX parasite tears through Port Stephens
First detected by authorities in August 2021, fears of the QX parasite infecting East 33’s (ASX: E33) oyster have come to fruition with the aquaculture company confirming that re-emergence of the parasite is likely to see 11-17 million saleable oysters lost. QX, the designation for Queensland Unknown, is a disease that impacts Sydney Rock Oysters
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Boardroom spat, Seafarms Director lodges 249D to remove Chairman and CEO
Project Sea Dragon – when it comes to naming a project, aquaculture company Seafarms Group (ASX: SFG) was on to a real winner. But unfortunately the project has not lived up to its powerful name, leading to a boardroom dispute where paperwork has been lodged by shareholders to remove Chairman and CEO Michael McMahon from
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Conan Chop Chop sales struggle as Mighty Kingdom’s entry into platform gaming fizzles
What was supposed to be a grandiose entry into the world of platform gaming has started with a quiet yelp as game development company Mighty Kingdom (ASX: MKL) has failed to meet their expectations of game sales for their debut platform title Conan Chop Chop. Long time developers of mobile games for kids, the launch
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Holista Colltech set to cook up healthy Starbucks croissants
Health foods manufacturer Holista Colltech (ASX: HCT) is set to see its low glycaemic index (GI) food ingredients consumed by thousands of Malaysians having secured their first distribution deal with Country Farms that will see its products supplied to Starbucks Malaysia. Although only modest in nature to the value of $43,000, Holista is working with
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Healthia developing smart orthotics to tackle diabetes with better patient monitoring
Diabetes – it’s the silent killer which affects 5% of the Australian population directly and many more indirectly, often as an underlying condition behind heart disease. Unfortunately for those 1.2 million Australians living with diabetes, the risk of foot ulcers and vision loss are a regular threat without adequate management of the disease which in
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World first: Crowd Media flags NFT collection for celebrity interactions
Over the past 12 months, tech savvy investors that understand the technology behind NFTs (non-fungible tokens) have been making big money from digital assets but as the market rapidly advances, artificial intelligence company Crowd Media (ASX: CM8) has flagged a world first collection that is currently in development. Specialists in artificial intelligence applied to humanisedRead MorePublic
SSH Group capitalises on riding demand for mining equipment with savvy acquisition
At a time when the Australian resources industry is booming thanks to strong commodity markets, mining services provider SSH Group (ASX: SSH) has expanded its service offering in the Pilbara region with the savvy acquisition of Karratha Machinery Hire under attractive terms to shareholders. Established in 1989 and a 100% locally grown business, Karratha Machinery
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HUB24 platform rated Number 1 for advisor advocacy as Class integration rolls in
At a time when the Australian financial services market is undergoing massive change to bring archaic regulations into the modern world, wealth management platform HUB24 (ASX: HUB) continues to emerge as the platform of the new era, racking up industry awards alongside $2.6 billion in net inflows as Advisors vote with their managed wealth. For
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Novatti poised for cross-border payments growth with return of international students
As well as the valuable skills they bring to Australian shores, international students are a vital part of the domestic economy where inbound payments are set to pick up in the coming year according to Novatti Group Managing Director, Peter Cook. Prior to the onset of the pandemic, fintech company Novatti Group (ASX: NOV) created
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Flexiroam secures smartwatch connectivity contract for nationwide US coverage
For many Americans, internet connectivity when travelling across the nation can be hugely frustrating due to the sparse land coverage which includes black spots for each major provider. Just look at every low budget horror movie which could have ended in 5 minutes if the protagonist had cell phone coverage… Solving the issue which will
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Besieged fintech Douugh launches new service to automate a 5-second task
Our time is valuable, there’s no questioning that but if you think you think 5 seconds of your day is that valuable, Americans can set up automated direct debits tied to their paycheck through fledgling fintech Douugh (ASX: DOU) and their banking app. According to Douugh, the process of switching direct debits manually “has a
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Investors cashing out as SelfWealth reports decline in trading as the ‘new normal’
Embattled online share trading platform SelfWealth (ASX: SWF) is bracing for further declines in their customer activity flagging the recent downturn as the “new normal” after huge increases in retail trading activity while Australians were locked up at home throughout the pandemic. The March quarter represented SelfWealth’s first post-lockdown quarter with lower trading numbers across
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Apiam eyes first viral vaccine production in 12 months from new facility
Despite having only received a $700k government grant to build a much needed viral vaccine facility, Apiam Animal Health (ASX: AHX) is already eyeing production within the next 12 months, potentially including one for Japanese Encephalitis which is currently impacting the Australian’s pig industry. While the state-of-the-art facility is not expected to be fully completed
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PointsBet inks landmark sportsbetting partnership in Canada to accelerate growth, eh
Since accepting their first bet within just 50 seconds of their launch in Canada, sportsbetting company PointsBet (ASX: PBH) has set out to make a huge nationwide push across the country having partnered with Maple Leaf Sports & Entertainment in what has to be classified as a landmark deal. Unlike other partnerships PointsBet has made
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Openn accelerates US growth initiatives with equity Options to listings giant
In an attempt to accelerate their growth in the lucrative US real estate market, property tech company Openn Negotiation (ASX: OPN) has entered into an equity partnership with leading US listings company Triangle MLS to access their 16,000 realtor members. The agreement is centred around 1 million unlisted Options in Openn whereby Triangle can purchase
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Hostile takeover looming as stakes intensify in Virtus Health IVF bidding war
If you didn’t already know, there is a crazy amount of money to be made by IVF operators in Australia in the years to come which is the underlying principle behind a corporate tug-of-war in a bid to acquire IVF company Virtus Health (ASX: VRT) which has intensified again with the latest offer proposal from
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A signal of more to come? Crowd Media inks 2-year deal with conversational AI client
Try before you buy. It’s a time-honoured sales tactic that has worked for the most successful companies in history and artificial intelligence company Crowd Media (ASX: CM8) can join that list having converted a Proof Of Concept of their AI platform into a 2 year contract. Healthcare company PangeaMed will one day lay claim to
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Rewardle enters medtech space, continues portfolio growth with equity-for-fees
Marketing tech company Rewardle (ASX: RXH) is quickly building up a unique portfolio of small businesses where the company is backing themselves to lift their customers’ business so much that they have again secured equity options in lieu of their service fees. This time, it’s with medtech company Cardiac Rhythm Diagnostics. Both Rewardle and Cardiac
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Reckon introduces digital payments gateway for businesses to easily accept online payments
Small business owners will soon have another mundane bookkeeping task automated thanks to accounting software company Reckon (ASX: RKN) which has introduced a digital payments gateway to their accounting platform making it effortless for business owners to accept digital payments. The new service is designed for small business customers that use Reckon’s low-cost accounting software
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Italian motorcycle pioneer joins Vmoto team with equity stake to push EV movement
Often lost in the discourse around electric vehicles is the huge opportunity for motorcycles in the market where manufacturer Vmoto (ASX: VMT) has secured two industry-leading pioneers for the team in Giovanni Castiglioni and Graziano Milone, who will both take equity positions in Vmoto. Castiglioni is best known as the owner of various motorcycle companies
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LawFinance penetrates lucrative US market with $10m loan issued at 16% interest
16% interest on loans issued? It’s a damn good deal if you can find a borrower, but that’s exactly what finance company LawFinance (ASX: LAW) has done in one of the few places in the world where the real winners in the legal system tend to be lawyers. While it is common for finance companies
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Retailers rejoice as Federal Budget signals big spending on tech and IT upgrades
Australians seeking to catch a break from the latest Federal Budget will be pleased to see several incentives introduced to kickstart the retail industry, with notable tax breaks offered to small businesses that upgrade their IT systems and purchase new technology. Within the Treasurer Josh Frydenberg’s budget, small businesses will be able to claim $1.20
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Police training gamified as xReality launches Law Enforcement virtual reality system
Becoming a police officer could soon be a little bit more like Counterstrike with virtual reality company xReality (ASX: XRG) launching its first Law Enforcement VR Training solution designed to put officers in life-like scenarios with weapons integration. The system is built on the same underlying tech that xReality built its defence force training program
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Apiam wins $700k grant to build first viral vaccine manufacturing facility for animals
As the world emerges from the pandemic which has emphasised the critical importance of vaccination, Apiam Animal Health (ASX: AHX) has identified an opportunity to position Australia as leaders in autogenous vaccine manufacturing through the development of a state-of-the-art viral vaccine laboratory in Bendigo, Victoria. Plans to develop the vaccine lab have been announced, supported
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Cycliq extends RL bike accessories into Fitness Metaverse with NFTs collectibles
As more ASX-listed companies identify the unique revenue opportunity to generate something out of nothing, bike accessories company Cycliq (ASX: CYQ) is joining the party with plans to mint NFT collectibles via a partnership with digital health company OliveX (NSX: OLX). Known primarily for their safety equipment designed for cyclists such as cameras and lights,
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HR transformations through pandemic lead ELMO to launch Hybrid Work and Wellbeing modules
If there’s one division across all businesses that has undergone the largest operational changes, it’s probably human resources, which has had to deal with productivity, absenteeism, working from home and travel restrictions. Having identified how businesses can best manage these challenges, HR tech company ELMO Software (ASX: ELO) has launched new modules for its platform
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PainChek expands across New Zealand with pain tech deployed to 24 aged care facilities
Confident in their technology that can accurately assess a patient’s pain simply from a short video of their face, medtech company PainChek (ASX: PCK) has successfully converted a 6-month trial with one of New Zealand’s largest aged care operators into a full revenue-generating contract. The contract comes after Summerset Holdings (ASX: SNZ) trialled PainChek’s smartphone
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German Ice Hockey Federation to trial HITIQ’s concussion tech mouthguards
With the AFL season having just kicked off, it didn’t take long for attention to be drawn to the league’s concussion protocols but having already partnered with the AFL, concussion tech company HITIQ (ASX: HIQ) has continued its international expansion having been engaged by the German Ice Hockey Federation. The long-term impact of concussion continues
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Cettire founder cashes out $47m as boom stock comes back down to earth
If shareholder confidence is a sign of things to come, rocky waters may be ahead for luxury goods retailer Cettire (ASX: CTT) after its Founder and CEO cashed out $47.25 million of his shares with a pretty good idea of how their financial results for the year are going to look. Keen investors have been
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iCandy to launch Metaverse game, guarantees at least $4m from NFT sales
Riding the wave of NFT popularity, game development company iCandy Interactive (ASX: ICI) has confirmed their first NFT-based game, League of Super Misfits, will be launched within two months while also boldly declaring the game will generate at least $4 million in revenue. League of Super Misfits, aka The Misfits, is a collaborative title between
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De.mem eyes profitability following Victorian expansion by acquisition
With concentrated initiatives to convert years of R&D into profitability, water tech company De.mem (ASX: DEM) finally has that in site, an inflection into the green that will be accelerated by their expansion in Victoria through the neat acquisition. Although the majority of De.mem’s water treatment products have been developed for commercial applications, such as
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Bubs launches new protein formula to meet demand from Chinese millennial mothers
As is becoming the case across the consumer products industry, millenials are wielding unprecedented power through irrational spending and influencer marketing. So it comes as no surprise that infant formula manufacturer Bubs (ASX: BUB) has launched a new natural A2 beta-casein protein product to quench their demand. The new product is an extension of Bubs’
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Takeover talks: Angel Seafood confirms last offer was best offer
“What’s your best price on this?” “Mate, it’s the price it’s listed at. If I wanted less, I would have listed it less.” It’s a conversion we’ve all had on Facebook marketplace as unscrupulous bargain hunters think their cash is more valuable than others, while unashamedly asking for further discounts. Oddly enough, such conversations perforate
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1 million US students undergoing Family Zone trials to negate online porn risks
Continuing to build on the momentum established over the past two years since prioritising the US school market as a priority, education tech company Family Zone (ASX: FZO) now has more than 1 million students signed up to trials of the tech. With an education system that groups schools within districts, the US market has
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Good Drinks celebrates St Patrick’s Day with exclusive Irish cider import deal
As popularity of cider has increased significantly over the past few years, alcoholic beverage company Good Drinks Australia (ASX: GDA) has partnered with Irish brewer C&C Group for the exclusive right to represent Magners Irish Cider in Australia. The deal will provide Good Drinks with the exclusive rights to import and distribute the range of
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Apiam eyes wearable tech to drive next gen animal health standards
As leaders in Australia across the veterinary industry, Apiam Animal Health (ASX: AHX) has been at the forefront of animal health standards of care. But with one eye on their international counterparts, executives at Apiam foresee some major improvements in animal, customer and employee outcomes which will be driven by technology. Having expanded their R&D
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Helloworld rejoices as Government lifts ban on cruise ships docking in Australia
For some, being stuck in a confined space with no escape alongside their significant other would be an utter nightmare. For others, cruise ship holidays are probably much more enjoyable, and with the Government lifting its ban on cruise ships, the folk at Helloworld (ASX: HLO) Travel couldn’t be happier. Deemed by the Australian Government
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Swift extends streaming agreement with Village Roadshow for James Bond franchise and more
If aged care residents get bored of their everyday routines, they’ll be able to nostalgically whittle their days away watching the entire James Bond movie franchise thanks to media tech company Swift Network (ASX: SW1) inking a 5-year deal with Village Roadshow. The contract is an extension of one already in place by Swift which
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BNPL rooted as Sezzle lays off 20% of their US workforce
With the buy-now-pay-later sector in a nosedive pattern amid market saturation and unsustainable losses, operator Sezzle (ASX: SZL) has confirmed that it will be laying off 20% of its American workforce with the intention of saving $13 million in staff salaries to reduce their haemorrhaging losses. The decision, which Sezzle describes as a “difficult” one,
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Better fan experiences coming for SydneySiders as Plexure to roll out loyalty app at Accor Stadium
Sports and music fans in Sydney will soon be in for a treat with Accor Stadium having engaged tech company Plexure (ASX/NZX: PX1) for a dedicated app for the stadium’s loyalty program to be designed with a focus towards improved customer experiences at the iconic stadium. The engagement will leverage Plexure’s existing technology from their
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Former employee defrauds K2fly out of $745k as investigation continues
Mining tech company K2fly (ASX: K2F) is set to incur a substantial loss for the year, having uncovered suspicious payments totalling $745k in a case of suspected fraud committed by a former employee in their South Africa office. Investigations are ongoing but upon initial concerns in accounting discrepancies, K2fly engaged external auditors which have now
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Sprintex engaged to develop next gen air compressors for hydrogen fuel cells
Like many developments in the world of engineering, there’s nothing particularly sexy about air compressors but as the world moves towards clean energy adoption, they are vital cogs in fuel cells, which is just one reason Sprintex (ASX: SIX) has been engaged to develop an innovative new design. The engagement comes from existing technology partner
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Crime wary Americans happy to pay Scout $6 per month for open door alerts
As the third most populous nation in the world, and with high crime rates, the United States has proven an ideal market for security tech company Scout Security (ASX: SCT), who are nearing cash flow breakeven thanks to the many Americans paying $6 per month for a tiny bit more peace of mind. Rising sales
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US business booming as Ardent acquires three entertainment centres in Colorado
It may not be a retail model that Australians are familiar, with but family entertainment centres in the United States is a very lucrative business which is why Ardent Leisure Group (ASX: ALG) is expanding their US footprint with the acquisition of three locations in Colorado. The acquisitions fall under Ardent’s Main Event Entertainment division
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Mighty Kingdom enters platform gaming with worldwide launch of Conan Chop Chop
Having established themselves in the mobile gaming market through their children-friendly titles, game developer Mighty Kingdom (ASX: MKL) has commenced their diversification strategy to expand beyond their profile into more lucrative gaming markets. The move comes with today’s worldwide launch of Conan Chop Chop, an online multiplayer party game where players must collect loot and
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Records broken despite lockdowns, Healthia eyes further earnings upgrade
Having emerged as Australia’s fastest growing allied health portfolio over the past 12 months, healthcare operator Healthia (ASX: HLA) has reported record revenue and earnings while supporting their staff with minimal roster changes despite COVID lockdowns and the absence of JobKeeper assistance. Amid ongoing lockdowns over the past six months and the Omicron outbreak, Healthia
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Novatti bulks up fintech talent with ongoing launch of new digital payment services
Riding a wave of success that has delivered record half year revenue, digital payments company Novatti Group (ASX: NOV) is making waves across the fintech industry with a big recruitment push setting them up for lucrative new business opportunities. Despite reporting $11.1 m in revenue for the half year ended 31 December 2021 which represented
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Crowd Media showcases new metaverse integrations for their conversational AI
Fresh from signing the first client to their Talking Head platform, artificial intelligence company Crowd Media (ASX: CM8) has showcased their latest metaverse integration while also announcing a bumper financial result. For the half year ended 31 December 2021, Crowd Media has returned to underlying profitability following a 3-year turnaround strategy after the Company lastRead MorePublic
Apiam riding the regional population boom with 22% revenue growth
When COVID-19 hit, we saw a flurry of city dwellers move out to regional Victoria where they could live in peace without the constant threat of lockdowns. Despite there being an end in sight to the pandemic however, those same sea-changers are set to remain away from metropolitan areas which is just one of the
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New division launched as Harris Technology eCommerce infrastructure draws attention from importers
While the pandemic continues to wreak havoc on the Australian retail industry, online retailer Harris Technology (ASX: HT8) has maintained operational profitability while sustained online sales growth has drawn the attention of local importers keen to benefit from Harris Technology’s expanding eCommence network. Based on the financial results reported by traditional retailers that are increasing
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Candles remain flickering but dusk cops the brunt of COVID
While the hugely lucrative business of selling candles at premium prices remains viable, it may not be for much longer given then reliance of in-store experiences to make such purchases which resulted in a 12% drop in revenue for candle retailer dusk Group (ASX: DSK). Pandemic lockdowns have been a hindrance for most retailers but
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Bubs executes $12 million turnaround with diversification strategy
Remember when busloads of Chinese tourists would rock up at your local supermarket and clear out the shelves of baby formulae which they then sent back to China and sold at a premium? It turns out those guys were pretty important to Australia’s milk powder industry which tanked when international border restrictions stopped them from
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More Boomers moving their wealth to HUB24 as revenue jumps 72%
While the likes of Stake, Selfwealth and Superhero are fighting for a slice of the investment platform market share at the bottom end, wealth management company HUB24 (ASX: HUB) has emerged as Australia’s fastest growth platform provider by targeting the top end of town. Over the next 30 years, more than $6 Trillion in wealth
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Rex extends Ambulance Victoria regional flight services by 12 years
Australia’s largest independent operator of regional flight services has noticed a handy win to extend their current contract with Ambulance Victoria by 12 years in a deal valued at more than $300 million to Regional Express (ASX: REX). The deal is on similar terms to the existing contract granted to Rex subsidiary Pel-Air that commenced
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Tabcorp demerger spices up as wagering division cops 34% beating
Despite its position as the most recognised wagering brand in Australia, the burden of its wagering division continues to weigh down Tabcorp (ASX: TAH) whose attempts to enter the digital age appear to be futile, having missed the boat by several years. As a result of being leapfrogged by digital-only operators which flurried into Australia
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Breville revenue up 23% with transition from bland manufacturer to kitchen lifestyle business
Spending so much more time at home throughout the pandemic, all over the world people have been ditching the $5 coffees to make their own cafe-quality brews at home evidenced by raging sales of Breville’s (ASX: BRG) cafe-quality machines which have driven a 23.6% increase in revenue. Of all the things we’ve been doing while
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New cloud-based tech drives Reckon profits with an integrated payments solution to be rolled out soon
With another range of cloud-based office management products launched over the past six months, accounting tech company Reckon (ASX: RKN) continues to secure new business customers to their platform, driving its profitability with an integrated payments solution set to further enhance its all-inclusive business services. Since transitioning its accounting software to a cloud-based solution that
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Aerometrex flags metaverse opportunities for 3D mapping as US business gathers momentum
When inventing their technology, Aerometrex (ASX: AMX) intended to use 3D mapping to automate visualisations of architecture but fast forward to 2022 and their biggest growth opportunity may be in virtual reality with metaverse enthusiasts seeking the Company to create digital versions of major cities. This is a prime example of how quickly technology is
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Keypath bolsters revenue with new University pathway programs launched in SouthEast Asia
While Australian education providers are reeling financially in the wake of the pandemic-forced mass exodus of international students, US-based education provider Keypath Education International (ASX: KED) has not had such problems, boosting revenue by 37%. Although based out of the United States, Keypath’s increased revenue has been attributed to its international expansion where it has
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Harris Technology solving rapid antigen test shortages, now selling online
Tapping their network of international vendors, online retailer Harris Technology (ASX: HT8) have succeeded where pharmacies and supermarkets have failed, securing commercial quantities of rapid antigen test kits (RATs) that they have listed through their eCommerce channels at discount prices. The RATs have been added to their Pro-Hygiene division which was established at the start
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Shareholders smashed with 95% loss as American BNPL operator Zebit rage quits from the ASX
At a time when the likes of Afterpay and ZipCo were booming, American buy-now-pay-later company Zebit (ASX: ZBT) thought they could quench Australian investors’ thirst for BNPL exposure when listing on the ASX in October 2020 via a $35 million IPO. But with mounting bad debts from its customers, Zebit has decided that it’s all
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Mighty Kingdom set to release Conan Chop Chop as first console game title
Tackling the hugely competitive market for multiplayer online gaming, game developer Mighty Kingdom (ASX: MKL) is set to join the party with the first ever title for console to be Conan Chop Chop – an online hack’n’slash game for kids. Development of Conan Chop Chop first commenced in March 2019 when Mighty Kingdom partnered with
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Playside adds Blizzard to list of gaming collaboration partners
Aussie game development company Playside Studios (ASX: PLY) is continuing its astronomical rise up the gaming industry ranks, having been engaged by one of the world’s largest developers, Activision Blizzard (NASDAQ: ATV), whose portfolio includes epic titles Call of Duty, World of Warcraft, Overwatch, Diablo and Candy Crush. Although Playside will not be working on
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Murray River Organics enters receivership as turnaround strategy fails
Despite their best attempts to save a sinking ship, organic foods company Murray River Organics (ASX: MRG) has been forced to call in administrators as piling debts were unable to be offset by rising demand for organic foods, of which the Company was unable to capitalise on. MRG shares were first suspended from trading on
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CryptoSpend launches first Bitcoin Visa card in collaboration with Novatti
Australians can now make everyday purchases using Bitcoin (BTC) with the launch of Australia’s first Visa-powered cryptocurrency payments card, a collaboration between digital payments company Novatti Group (ASX: NOV) and CryptoSpend. The card can be used anywhere that accepts Visa payment with Novatti being the issuers behind the card via their appointment from Visa as
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Actinogen appoints leading researchers to conduct Phase 2 trials for treatment of Fragile X Syndrome
Estimated to affect 1 in every 4,000 boys, there is currently no treatment approved in the world for cognitive disorder Fragile X Syndrome but that could change in the coming years with biotech company Actinogen (ASX: ACW) confirming a manager to oversee the Phase 2 trials of its XanaFX clinical trials. Fragile X Syndrome is
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$13m in staff underpayment added to Star Entertainment’s long list of woes
If a global pandemic resulting in ongoing lockdowns, a regulatory investigation and corporate activity rejection were not enough to upset those at The Star Entertainment Group (ASX: SGR), they can add $13 million in historical staff underpayment to their list of operational issues. Fortunately for the casino operator, the wage underpayments were uncovered internally and
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REA sales surge on back of housing boom but flags upcoming headwinds
If the fear mongering headlines highlighting just how unreachable a first home is for millennials without outside assistance, the half year financials released by real estate company REA Group (ASX: REA) highlight the crazy demand for housing in 2021 which was hardly impacted by the absence of live auctions. For the Half Year ended 31
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Creso Pharma enters US medicinal cannabis market via $21m Colorado acquisition
Putting behind them the drama of 2021 which resulted in their former Chairman’s offices being raided by Australian Federal Police, medicinal cannabis company Creso Pharma (ASX: CPH) has kicked off the new year with a bang, confirming their entry into the lucrative US market through the acquisition of Sierra Sage Herbs. Founded in 2008 by
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Xref amps up reference checks with exclusive rights to Graduation Verification Service
If you’re trying to get a job by falsifying your education credentials, don’t even bother because it will most likely land you on some sort of blacklist with HR tech company Xref (ASX: XRF) adding a new education feature to their automated reference check platform. The new feature comes via an exclusive partnership with Higher
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Novatti riding the wave towards a cashless society with 53% increase in sales revenue
It’s been just three months since digital payments company Novatti Group (ASX: NOV) was granted merchant acquiring licenses but since then, those licences have created new business opportunities to drive Novatti’s sales revenue up 53%. Reporting $5.8 million in sales revenue for the December quarter, a 53% year-on-year increase, Novatti set a new record for
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Flexiroam to connect SouthEast Asia public transport IoT smart city upgrade
While many Austalians lament the lack of reliability of public transport, there will be no such issues in Malaysia, Singapore and Thailand with upgrades to their networks to integrate the Internet of Things (IoT) bringing with it smart city upgrades that can reduce congestion – connected by telecommunications company Flexiroam (ASX: FRX). The public transport
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Crowd Media signs PangeaMed as first telehealth client to conversational AI platform
Africans located in remote villages could soon have access to medical advice like never before with artificial intelligence company Crowd Media (ASX: CM8) confirming PangeaMed as the first customer of its proprietary Talking Head platform for use in healthcare. Based in South Africa, PangeaMed specialises in enhanced recovery, health advocacy, patient awareness, data, innovation andRead MorePublic
AnteoTech shares crunched as TGA requests more data on their Rapid Antigen Tests
It may be a case of missing the boat for life science company AnteoTech (ASX: ADO) which has been advised by Australian regulators that their submission to have their Rapid Diagnostic Test approved for commercialisation has not met the regulatory requirements, despite a glaring shortage of Rapid Antigen Tests in the community. Additional information was
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Sales up 40% as Harris Technology leverages eCommerce network to trial new products
As one of the biggest marketplace sellers in Australia, online tech retailer Harris Technology (ASX: HT8) has suitors knocking on their door keen to leverage their eCommerce infrastructure which contributed to a 40% increase in sales. Reporting $13.4 million in revenue for the December quarter, a 40% increase on the previous corresponding period, sales were
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Another online casino launched as Pointsbet goes live with iGaming in West Virginia
Differentiating themselves from standard bookmakers, sports and wagering company PointsBet (ASX: PBH) continues to make strides with its online casinos business, adding West Virginia to the list of US States they can operate their iGaming app in. The launch of the iGaming online casino in West Virginia comes just months after PointsBet secured regulatory approval
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Yearling sales up 28% as Aussie investment surges following Apiam’s equine expansion
Australians are well known to love a punt on the horses but a rising number of Australians are getting involved in racehorse ownership which resulted in a 28% increase in yearling sale prices at this month’s Magic Millions sale on the Gold Coast. With 776 yearlings changing hands, Australian opened their wallets with aplomb for
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Why pigs on this remote Auckland island may be the key to treating Parkinson’s disease
Of all the places in the world where you thought a cure for Parkinson’s disease might be found, the remote sub-Antarctic Auckland Islands might not have been your first choice but that’s exactly where biotech company Living Cell Technologies (ASX: LCT) will obtain tissue for their clinical trials. Specifically, Living Cell Technologies has secured a
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MCS Services expands into traffic management with Highways Traffic acquisition
If the lingering effects of Omicron are drawn out, the labour shortage issues of today will not be going away any time soon, making labour hire businesses like MCS Services (ASX: MSG) even more attractive as they expand their labour suite to include traffic management. With their existing labour hire services primarily positioned around crowd
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Jatcorp leverages China ties with launch of real estate division as dairy product sales rise
Would you like a house with that milk powder and rapid antigen test? When it comes to diversification, the folk at Jatcorp (ASX: JAT) are happy to ride whatever wave is rising and with their strong ties to China through their distribution network, the dairy products company has entered the real estate market with the
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High profile investors target Metaverse assets with ASX reject now valued at $5 billion
Two years ago, the ASX decided that gaming company Animoca Brands did not meet the requirements of an ASX-listed company and kicked the Hong Kong-based company out due to their ties to cryptocurrency. At the time, they were valued at $120 million which was no big loss to the ASX, but fast-forward two years and
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Demand for obscure wellness products sees strong sales from Eve Health’s probiotic concentrate drinks
Want to look younger but don’t want to prod your face with injections? You’re not alone because it turns out plenty of youth seekers are consuming collagen via less invasive beauty techniques with Eve Health (ASX: EVE) reporting strong sales of their probiotic concentrate drinks, including those infused with collagen. Such demand has seen Eve
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Focus on customer experience sees investors deposit $3.6 billion with HUB24
Having rolled out a major upgrade to their online investment website, fintech company HUB24 (ASX: HUB) has seen immediate results with $3.6 billion in net inflows over the past three months as more investors move their wealth to HUB24 to gain greater control over their portfolios with seamless reporting functionality. Reflecting upgrades to their customer
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Global demand for Aussie Kingfish drives Clean Seas Seafood to record revenues
Unprecedented global demand for Kingfish has resulted in aquaculture company Clean Seas Seafood (ASX: CSS) needing to clear out two years worth of inventory resulting in its seafood sales to soar to all time highs. For the Half Year ended 31 December 2021, Clean Seas set a new sales record to generate $31.25 million in
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UK regulator approves Bod to trial cannabis as a treatment for COVID symptoms
With rising COVID cases around the world following the latest Omicron strain outbreak, UK regulators are willing to try anything to reduce the mortality rate of COVID-19, including the use of medicinal cannabis for which Bod Australia (ASX: BOD) has been approved to commence clinical trials. The Clinical Trial Authorisation (CTA) has been granted by
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Chafing be gone – Step One launches women’s line of underwear
Ladies fear not, you will soon have your own dedicated line of anti-chafing underwear with clothing company Step One (ASX: STP) to release a women’s line of innerwear originally designed for men to combat chafing. Having invested significantly on Australian television over the past 12 months, Step One underwear features organic bamboo fabric and the
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SelfWealth holding off Stake, aiming to be first broker to combine shares and crypto
In what they have described as a “competitive environment” created by the entry of online stockbroker Stake into Australia, local broker SelfWealth (ASX: SWF) appears to be holding the US fintech giant at bay, reporting increases to their revenue and customer trading accounts. For the Quarter ending 31 December 2021, SelfWealth reported $5.07 million in
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Omicron havoc: More setbacks as Qantas and Jetstar cancel 30% of upcoming flights
Two steps forward, one step back. It’s a recurring nightmare for Qantas (ASX: QAN) but with another spike in COVID cases, the national carrier has again been forced to slash its flights as demand for travel instantly dries up amid fears of spreading the virus. With the latest surge of COVID numbers across the eastern
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Mighty Kingdom cashing in on gaming craze with new East Side Games collaboration
Capitalising on the rise of gaming which has been accelerated by the pandemic and substantially more time spent in front of screens, game developer Mighty Kingdom (ASX: MKL) has expanded its partnership with East Side Games Group for future collaborations. The extension comes after the two have been working on a new Sci-Fi franchise game
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Rent.com.au to accelerate RentPay growth following oversubscribed capital raise
Rising demand for alternative payment solutions for rental expenses saw Rent.com.au (ASX: RNT) launch RentPay last year and with rising adoptions amongst renters, the real estate tech company is set to take the payments platform to the next level following a $2.5 million capital raise. The raise was originally only targeting $2 million in funds
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Airport transfers stall but Jayride eyes travel resumptions with new online booking integrations
It’s been tough sledding for the travel industry over the past two years but with holidays having resumed across most of the world, airport transfers company Jayride (ASX: JAY) has something to look forward to with new integrations into some of the world’s busiest online booking platforms. Despite being the world’s largest marketplace for airport
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Record cannabis sales prompt ECS Botanics to build additional processing facilities
After securing regulatory approval for the export of their product, medicinal cannabis company ECS Botanics (ASX: ECS) could soon become one of the larger exporters to the lucrative European market, so much so they need to build a new processing facility to cope with the demand. The surge in demand has seen ECS Botanics report
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Swooping up dark fibre network, telco prepares to offer Adelaide more reliable internet
Identifying an opportunity to repurpose existing infrastructure for better utilisation, telecommunications company Swoop Holdings (ASX: SWP) has committed to providing residents of Adelaide with more reliable internet via their acquisition of a dark fibre network that runs through the City of Churches. The deal will see Swoop acquire the dark fibre network assets and customers
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While rest of world goes cashless, Vortiv expects strong earnings from Indian ATM business
At a time when the developed world is moving towards a cashless society, tech company Vortiv (ASX: VOR) has identified a unique opportunity to monetise old ATM networks which includes their value as surveillance tools over the Indian population. Since announcing the buyout of their joint venture partner in Transaction Solutions International (TSI India), Vortiv
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Utilising the blockchain, Security Matters develops markers to trace organic oyster origination
Don’t get fooled buying premium oysters only to find out they came from some crappy farm. While it may not be an ‘everyday problem’ the possibility of seafood forgery is real and something that could be stamped out of the industry in the future thanks to blockchain tech company Security Matters (ASX: SMX) which has
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IPO Watch: Catalano’s Seafood seeking $5m to expand ocean-to-plate distribution
With Australian seafood consumption rising, food processing company Catalano’s Seafood is set to upgrade its Seafood Management Solution via an IPO seeking to raise $5 million to expand its ‘ocean-to-plate’ distribution network. Founded in 1969, the Perth-based seafood company has established itself as a vital supply chain partner within the aquaculture industry that provides food
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Insider buying, confident Novatti boss buys $316k of stock
Kicking off what could be a big year for digital payments company Novatti Group (ASX: NOV), CEO and Managing Director Peter Cook has signaled his intent for the Melbourne-based fintech with a purchase of $316k worth of NOV shares in what could be a sign of news to come in 2022. An original co-founder of
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Papyrus successfully manufactures food containers from 100% banana tree waste
The world continues to find new ways to reduce our reliance on plastic with agritech company Papyrus (ASX: PPY) successfully producing the world’s first food packaging that uses 100% banana fibre. The packaging is a Banana Fibre Clam Shell moulded product which was produced at their manufacturing facility in Sharqiyah, Egypt. With the successful production
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Latitude makes $335m play for Humm’s BNPL division after BOQ pulls out
Australia’s OG buy-now-pay-later business is set to be cashed out at a high as the sector undergoes a consolidation phase with Humm Group (ASX: HUM) having been tapped on the shoulder by Latitude (ASX: LFS) for its consumer finance business to the tune of a $335 million offer. The offer comes in the form of
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