After changing its name, gaining adequate funding and being reinstated to the ASX, fintech and digital commerce company Ovanti (ASX: OVT), previously known as IOUPay (ASX: IOU), is finally returning to doing business after allegations of fraud and misappropriation of funds. The Company has signed a major new contract through its subsidiary, iSentric (no affiliation
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Australia sees about 300,000 births every year, creating a fertile ground for businesses like Baby Bunting (ASX: BBN) to thrive, but that hasn’t been the case in recent months as sales have reflected a big pullback in spending amid cost-of-living pressures on young families and online competition from the likes of Temu and Shein. From
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Ovarian cancer diagnostics company Cleo Diagnostics (ASX: COV) has taken a major step towards the US launch of its pre-surgical triage test for ovarian cancer detection. The Company wrapped up an initial pre-submission meeting with the U.S. Food and Drug Administration (FDA), thus setting its regulatory journey in motion. Ovarian cancer is a serious health
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Fleet management and transport technology software company EROAD (ASX: ERD) has signed on its largest Australasian customer. Though EROAD kept the customer’s name under wraps, it did divulge the details. EROAD has secured the contract for a minimum of 5,000 units for the customer’s Australian fleet and an additional renewal for 6,000 units for its
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Forging on its expansion into regional Australia (possibly ticking off Rex (ASX: REX) further), national carrier Qantas (ASX: QAN) has announced a new investment into its DeHavilland Dash 8 turboprop fleet. It is part of its ongoing commitment to “keeping regional Australia connected”. The first aircraft will join the Company’s regional brand, QantasLink, by the
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Softer trading conditions proved detrimental for online luxury goods retailer Cettire (ASX: CTT), impacting its financial performance in the quarter. To combat the decline, the Company has expanded its base, officially launching its direct platform in mainland China which went live yesterday and has already processed orders. This marks a big step in its strategic
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Medical data and technology company HeraMED (ASX: HMD)’s subsidiary HeraCARE is gearing up for its soft launch with Telstra. It will soon be available to medical practices using Telstra Health’s MedicalDirector patient management software. In November 2023, HeraMED initially announced its partnership with Telstra Health’s MedicalDirector platform, which serves GPs and healthcare professionals. HeraCARE is
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Australian fashion retailer Mosaic Brands (ASX: MOZ)—the company behind brands like Noni B, Millers, Rockmans, Katies, Crossroads and Beme—has reported a challenging second half of FY24, citing disruptions in its supply chain and a decrease in consumer spending as key factors impacting its financial performance. Despite a strong first half with a $13.1 million EBIT,
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Biotechnology company Emyria (ASX: EMD), which develops treatments for mental health and neurological conditions, has newly inaugurated its treatment facility Empax Centre. The centre has been selected as a key site for a clinical trial sponsored by New York-based Transcend Therapeutics. The trial will evaluate the safety and efficacy of methylone, a novel rapid-acting neuroplastogen
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So you’ve seen self-driving cars and drones, now gear up for an autonomous wheelchair that dispels the need for joysticks. In wheelchair users, atrophying muscles can make it challenging to use the joystick properly, thus losing control of their wheelchair. That’s where digitising the experience further helps. Medical device company Control Bionics (ASX: CBL)’s autonomous
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Medical imaging software company Mach7 Technologies (ASX: M7T) has signed a three-year subscription renewal agreement with radiologist platform DocPanel for the Company’s Enterprise Imaging Platform and eUnity Diagnostic Viewer. The agreement is for a three-year subscription license with a minimum fixed fee. The total minimum value of the renewal is $1.9 million and will generate
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Between 2022 and 2023, the Australian Cyber Security Centre received over 94,000 reports of cybercrime – a 23% increase from the preceding period. This underscored the need for companies to improve their cybersecurity infrastructure, which is where the integrated mixed reality company Vection Technologies (ASX: VR1) comes in. Vection has won two contracts valued at
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Aerospace and defence services company Quickstep Holdings (ASX: QHL) announced significant progress in its long-term agreements with aerospace and defence companies Northrop Grumman, Lockheed Martin and Marand. Over the coming months, the Company is transitioning into the next phase of multi-year production orders under these agreements, signalling sustained business prospects. Quickstep is a global manufacturer
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Takeback provider of ink and toner cartridges Close the Loop (ASX: CLG) is set to expand its footprint in the US, Europe and the Middle East. Over the next 12 months, the Company anticipates establishing new facilities in these locations to support its growing operations. This expansion aligns with its strategic goals and aims to
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After establishing new leadership in the first half of FY24, HR Software-as-a-Service (SaaS) company Schrole Group (ASX: SCL) has almost closed an acquisition proposal from EdTech company TES Global. The Company has entered into a Scheme Implementation Deed with TES Aus Global, a subsidiary of TES Global Limited (TES). TES will acquire 100% of Schrole’s
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Pharmaceutical and healthcare company Vita Life Sciences (ASX: VLS) has forecasted a positive growth trajectory for the first half of CY24. Besides expecting sales growth, it is also expecting returns from its recent product launch in Vietnam. The Company expects sales to rise to between $39 million and $40 million, up from $34.7 million in
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Baby formula company Bubs Australia (ASX: BUB) has all but closed the chapter on its financial and legal troubles that underlined most of last year. In the USA, its weekly scan revenue exceeded $1.5 million per week, with over 24,000 tins sold. The number of tins sold increased by 10k to about 24k compared to
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Marine and subsea solutions company MMA Offshore (ASX: MRM) has been up and up, providing positive earnings guidance while negotiating a takeover. Its earnings visibility and performance across the second half have continued to improve. The Company’s FY24 financials follow a solid FY23, which also saw a stronger-than-expected second half. MMA Offshore secured several positive
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Australian whisky distillery Lark Distillery (ASX: LRK) is gearing up to close FY24 with over $3 million in revenue and Spirits Platform as its domestic distribution partner in a five-year agreement. SP is an Australian Spirits Distributor, established in 2015 by the ex-Suntory Australia Management team. It is majority-owned by its management team, with minority
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Medical technology company Singular Health Group (ASX: SHG) has publicly launched its new online DICOM (Digital Imaging and Communications in Medicine) viewer and a ChatGPT 3.5 AI integration with semi-automated patient education prompts. This enhances doctors’ analysis of medical imaging. The product launch comes just three months after the initial online proof-of-concept. The online viewer
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It’s raining contracts for technology-enabled care solutions company Talius Group (ASX: TAL). The Company has received purchase orders to supply its assistive technology solutions to ADT New Zealand, a subsidiary of Intelligent Monitoring Group (ASX: IMB). From August 2024 to December 2024, ADT will provide five orders for 1,000 Personal Emergency Response Systems (PERS) units
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Industrial technology and 3D printing company Aurora Labs (ASX: A3D) has received a significant purchase order from the Australian Government’s Department of Defence, valued at $49,400. This order involves the supply of experimental metal alloy 3D-printed parts, marking Aurora Labs’ strategic entry into a larger market segment that it has been targeting for the past
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Following a solid first half of FY24, diversified industrial services company SRG Global (ASX: SRG) has retained the momentum. The Company has been awarded multiple contracts with existing clients in the renewable energy, resources and energy sectors across Australia. The value of the new works secured is $125 million. The new wins include a six-year
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Digital healthcare company BlinkLab (ASX: BB1) is set to participate in a clinical study with Bates College, Maine, to assess the performance of its smartphone test as an aid in the diagnosis of functional neurological disorder (FND). The tests will be used for remote testing of FND patient populations in Maine, New York, New Jersey,
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Biotech company Arovella Therapeutics (ASX: ALA), focused on developing its invariant Natural Killer T (iNKT) cell therapy platform for cancer treatment, has achieved a major milestone. It has completed process development for its patent-protected manufacturing process required for large-scale Good Manufacturing Practice (GMP) manufacturing of its lead product, ALA-101. ALA-101 is an “off-the-shelf” CAR-iNKT cell
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After a few board changes and a successful beta test program, software company Harvest Technology Group (ASX: HTG) is now ready to launch its remote video monitoring platform, Nodestream Live. This platform was previously introduced as the AVRLive Cloud. Nodestream Live is a cloud-based software designed to streamline and enhance remote video monitoring in bandwidth-constrained
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Virtual healthcare solutions company Visionflex (ASX: VFX), known for its telehealth devices, medical equipment, and software solutions, has shared a solid financial projection for FY24 following a name change and business divestments. The Company exited PetYeti and GoBookings, completed in March and May 2024, respectively, to concentrate exclusively on the Visionflex business division. Following a
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Pharmaceutical company AFT Pharmaceuticals (ASX: AFP) has teamed up with pharma wholesaler Alexso to distribute Combogesic, or Maxigesic Rapid Tablets, in the United States, the largest pharma market in the world. Maxigesic Rapid is a treatment for postoperative pain management. Clinical data showed that Combogesic IV provides more analgesia, or pain relief, than comparable doses
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Australian wagering tech company BetMakers Technology (ASX: BET) has signed two-year market access and content agreements with the online British-based bookmaker Bet365 relating to New Jersey and Colorado. As per the agreements, Bet365 will be licensed by BetMakers to offer fixed odds bets on thoroughbred horse racing to Bet365 customers within New Jersey. Bet365 will
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About 57 people are diagnosed with breast cancer every day in Australia, with instances having grown over the past decade. New and improved treatments are crucial, and to address that, Australian diagnostics company INOVIQ (ASX: IIQ) has developed a special exosome therapy that can target and kill breast cancer cells in lab tests. The Company
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Death and business despair underscored media services provider Aspermont’s (ASX: ASP) first half of FY24 as it grappled with the loss of its founder Andrew Kent and a massive earnings decline. In H1 FY24, the Company’s revenue was down 15% on H1 FY23 to $8 million, with its gross profit declining by 29% to $3.9
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Thanks to expansions and new product launches adopted by the likes of F1 and NASCAR, sports tech company Catapult (ASX: CAT) reached a revenue milestone in FY24, with its SaaS divisions boosting sales. In FY24, the Company’s annualised contract value (ACV) grew 20%, with Catapult hitting a revenue mark of $152 million. Its profit margin
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Wastewater treatment and reuse company Fluence Corporation (ASX: FLC) has secured a $7.2 million contract to provide a demineralised water treatment system for Eneva in Silves, Amazonas, Brazil. Eneva is a private operator of onshore natural gas in Brazil, with a strong presence in Amazonas. The system will be part of Eneva’s new $1.6 billion
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A benchmarking study comparing ovarian cancer diagnostics company Cleo Diagnostics (ASX: COV)’s blood test against ultrasound has been published in the scientific journal “Cancers” with positive outcomes. The study found that Cleo’s initial test for the surgical triage market significantly outperforms the current clinical workflows that use Cancer Antigen 125 (CA125) and ultrasound to predict
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In FY24, AI-driven language and content services provider Straker (ASX: STG) faced market conditions tougher than initially expected, with lower revenue growth and subdued M&A activity. Investors did not look kindly upon this underperformance, with Straker shares falling about 37% in FY24. During the period, Straker diversified its services to include a generative AI-based product
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Medical device company PainChek (ASX: PCK), developer of a smartphone-based pain assessment and monitoring application, has been granted a patent in 20 European nations by the European Patent Office (EPO). The patent application is titled “A Pain Assessment Method and System” and allows PainChek to safeguard the intellectual property of its pain assessment and monitoring
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COVID-19 was a turning point for the telehealth industry. In Australia, between 2020 and 2022, more than 100 million telehealth services were delivered to around 17 million Australians. Over $5 billion in Medicare benefits were paid, and about 90,000 medical practitioners have now used telehealth services to support their patients. Aussies have been quick to
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Ischaemia is a condition in which the blood supply to any part of the body is so severely restricted that it receives no oxygen and can result in a stroke. Early detection is crucial, and so, medical devices company EMVision (ASX: EMV) has been conducting multi-site clinical trials to advance its neurodiagnostic AI algorithms to
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Global molecular diagnostics company Genetic Signatures (ASX: GSS) has decided to halt the development of its EasyScreen Essentials Respiratory Detection Kit for the US market due to increased competition and changing market dynamics. It will now focus its effort and investment on the anticipated launch of the EasyScreen Gastrointestinal Parasite Detection Kit in the US.
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Winter is coming, and a Game of Thrones-themed game by video game developer PlaySide Studios (ASX: PLY) is being developed with it. The Company has teamed up with Warner Bros. Interactive Entertainment and HBO to develop a multiplayer strategy game based on the Emmy Award- and Golden Globe-winning Game of Thrones series. This new premium
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After grappling with significant losses, transportation technology services company EROAD (ASX: ERD) appears to be bouncing back. It has revealed its FY24 results, ending March 2024, as it enters FY25 with high hopes. EROAD achieved a notable improvement in free cash flow, turning positive at $1.3 million, a significant rebound from the negative $29.9 million
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In this economy, saving a quick buck is a priority. That’s also the reason behind K-mart profits booming to over $600 million in the first half of FY24. Australians are casting around for low-priced goods that provide good value. Why, then, did the discount retail chain The Reject Shop (ASX: TRS) have a sobering experience?
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Global travel company Webjet (ASX: WEB) is exploring a demerger with two of its companies expected to be listed on the ASX. The merger would separate its two travel divisions: WebBeds, the global bed banks business, and Webjet B2C, which includes Webjet OTA, GoSee, and Trip Ninja. If pursued and completed, the demerger will create
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FinTech company Plenti (ASX: PLT) ended FY24, ending March 2024, with improved operating efficiency. In the final quarter, offshore operational support was eliminated and these functions were replaced with advanced technology. Moreover, this improved Plenti’s proprietary technology platform and facilitated a new integration with National Australia Bank (NAB) systems to support the “NAB powered by
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In Australia, heart failure affects over half a million individuals, making up over 150,000 hospitalisations per year, over 60,000 deaths, and a cost of over $3 billion. Globally, heart failure affects more than 60 million people and is the world’s leading cause of hospitalisation in people over 65 years. It makes up 17% of all
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In 2022, telecom giant Telstra (ASX: TLS) launched its T25 growth strategy focusing on improving customer experience and becoming more digital-first. In line with that, the Company is set to let go of up to 2,800 of its direct workforce, with the majority to be eliminated by the end of CY24. Telstra will also update
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Project cancellations and delays, union activities in the sector, and continued unstable weather appear to have flustered traffic management company Avada Group (ASX: AVD), which was prompted to review its FY24 guidance. Its FY24 underlying EBITDA is forecast to be between $14.5m and $15.5m, down from FY23’s $16.1m and its previously issued FY24 guidance of
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Australian software-as-a-service (SaaS) company InteliCare Holdings (ASX: ICR) has transformed its pilot phase into a full-fledged contract with the nursing facility Hardi Aged Care. The Company announced that its 10-bed deployment at the Hardi Aged Care Manly Vale facility will now expand to a full site rollout. In addition, InteliCare will be deployed into 42
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Over the past few months, the Federal Government has tightened immigration to halt the country’s international student growth. In light of that, existing education providers like NextEd (ASX: NXD) have had to change tact. NextEd’s international student mix has shifted from the English language to vocational courses. Total new international student (ELICOS and vocational) enrolments
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In the June quarter to date, smart transport technology solutions provider Orcoda’s (ASX: ODA) subsidiary Future Fleet has secured major new sales orders. Just six weeks into Q4 FY24, orders exceeded $640k, with revenue expected to be booked over the next few months. These orders will also contribute about $300k in annual recurring software revenue
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By 2030, the Australian government aims to eliminate HIV transmission. An ambitious goal, but in line with the country’s declining HIV rates. Over the past ten years, instances of HIV have all but halved. But there’s still work to be done. On May 14, the Australian government announced its 2024-2025 federal budget with a focus
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One day after announcing new contract wins, wagering tech company RAS Technology Holdings (ASX: RTH) has notified the market that its founders, Gary Crispe and Robert Vilkaitis, have sold down 3 million shares a month after the duo sold another 5 million RTH shares. This sell-down represents 6.6% of the Company’s issued capital on top
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Hospitality and accessory retail company Innlanz (ASX: INL) is set to delist from the ASX, surrendering to the COVID effect on its business. The Company’s board of directors noted that its financial position and the COVID-19 pandemic-forced changes in its business, the costs and administrative burden of remaining listed on ASX outweigh the benefits of
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If you’re even somewhat acquainted with the AI gaming space, you’ve probably heard of virtual girlfriends, AI avatars and more. Gamers have lapped up AI content, with its popularity set to surge. In keeping with that, internet venture investment company Fatfish (ASX: FFG) has progressed with its proposed acquisition of a strategic stake in AI
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Though recent acquisitions and business strategies are bearing fruit, commercial truck and trailer parts company MaxiPARTS (ASX: MXI) has struggled with flattened revenue. That’s because of a slowdown in transport activity on the East Coast in March and April, combined with increased pricing pressure and ongoing cost inflation. Due to the slowdown, its underlying sales
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After working together for many years, engineering services company Southern Cross Electrical Engineering (SCEE) Group (ASX: SXE) is set to acquire electrical services company MDE Group, adding to its operational arsenal. The Company will acquire 100% of MDE Group for $10.55 million. Completion is expected to occur by the end of May 2024. Founded in
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In line with its US pursuit, medical equipment manufacturer Optiscan Imaging (ASX: OIL) has signed a know-how agreement with the US-based academic medical centre Mayo Clinic to develop a new endomicroscopic imaging system. The companies will work together to co-develop technology for use in robotic surgery. The global market size for medical robots is set
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Digital-out-of-home solutions are crucial to many brands who want to get visibility beyond the internet and social media. That’s where media company Motio (ASX: MXO) comes in. In the week of May 6, 2024, the Company saw its largest forward media booking week since Motio’s inception, providing confidence as it enters FY25. Motio remains on
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Melbourne-based developer and manufacturer of analytical and life sciences products Trajan Group (ASX: TRJ) expects its full-year revenue for FY24 to fall short of previous projections due to delays in order delivery and unexpected softening in the pharmaceutical sector. Trajan manufactures analytical and life sciences products and devices—including microscope slides, analytical syringes and micro-sampling tools
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In an era of connectivity, companies cannot afford to lose out on any information—especially in sensitive areas like defence. That’s where drone connectivity solutions company Elsight’s (ASX: ELS) Halo comes in. During a strategic collaboration exercise, the Company found that its Halo connectivity platform was rapidly integrated with Lockheed Martin’s Indago 4 UAS (drone) to
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Losing sales because of fewer clients is an understandable, although unfortunate, negative contributor for a business. But when employees taking more vacation days or leaving causes the business to all but fall apart—that is cause for concern. Australian law firm AF Legal (ASX: AFL) was hit with this double whammy in Q3 FY24, as it
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Electrical technology solutions company SKS Technologies Group (ASX: SKS) has secured several major contracts for electrical and communications infrastructure projects at the Australian Defence Force’s RAAF Base Tindal in the Northern Territory—the Air Force’s youngest operational base. The combined value of the projects is approximately $11 million. This follows the Company’s national expansion strategy. Chief
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The days of subscription candy delivered to your door are no more with confectionery company Candy Club (ASX: CLB) set to merge with tech advisory business Scalare Partners which will list on the ASX via the Candy Club back door. Upon completion, Candy Club will formally change its name to Scalare Partners, with a combined
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A recent report revealed that, in the US, the rate of babies being born prematurely has been rising. Between 2014 and 2022, premature births grew 12% to 8.7%. This paints a concerning picture for mothers and infants who face great risk. To address this, point-of-care diagnostic technologies Lumos Diagnostics (ASX: LDX) has been working on
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Rising inflation and lowered spending capacity are coming for the recreational vehicles (RVs) industry as fewer people seek out campervans and motorhomes. Following a review of all its divisions, New Zealand-based tourism company Tourism Holdings (ASX: THL) has lowered its net profit after tax (NPAT) guidance for FY24. It expects NPAT to be between $45.5
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Since acquiring Diverger, a major player in Australia’s financial services landscape, accounting and wealth services provider Count (ASX: CUP) has been recording major cost synergy benefits. The Company has noted that annualised expected cost savings from the integrated wealth management business have been upgraded to about $4 million. This will be achieved in FY25. The
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Word on the street is that marijuana in the US might soon be classified as not as threatening as LSD and heroin, thus allowing cannabis companies like Australia-based Little Green Pharma (ASX: LGP) to chart their entry. Sources in the US Drug Enforcement Administration have confirmed the regulator will recommend reclassifying cannabis from Schedule I
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Even though travel itineraries are laid out in TikTok and Instagram videos, people still look to travel agents to plan their trips. Travel distribution company Helloworld (ASX: HLO) saw its network agents continue to experience high demand for leisure and corporate travel in Australia and New Zealand. Even though demand for domestic leisure travel has
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Sometimes, the better business solution is to bring back the tried-and-tested instead of launching something new – a sales strategy security tech company Intelligent Monitoring Group (ASX: IMB) is applying it now. IMG’s subsidiary, Mammoth Security, is set to acquire security systems company Adeva Home Solutions. IMG will pay Adeva founders Adam Woolston and Evan
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Meal kit services are great for people who just can’t be bothered to think up new recipes every day. However, for the average Joe, they can be too expensive. So, subscription-based meal kit provider Marley Spoon (ASX: MMM) beefed its services up with discounts. But that did little to help its financials. Now, the Company
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After seeing its Blue Dinosaur snack bar product near extinction in online and offline grocery aisles, health and wellness food company Forbidden Foods (ASX: FFF) is picking up the pace again. In March, it handed over the snack bar’s production to NSW-based product developer Edenvale, which has helped cut costs and bring inventory up to
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The applications of virtual reality systems are far-reaching. From providing entertainment to strengthening military training processes—extended reality, i.e. a mix of virtual, augmented and physical reality, is widely adopted. That’s where the immersive extended reality company xReality Group (ASX: XRG)’s reality is thriving. In Q3 FY24, the Company saw strong sales growth for its subsidiary
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Semiconductor company Archer Materials (ASX: AXE) has made notable technology development progress with its 12CQ quantum chip and its Biochip lab-on-a-chip technology. To progress the 12CQ chip development, Archer designed, developed and built a new type of device called a pulsed electron spin resonance (p-ESR) chip. Archer was able to leverage the expertise of Swiss-based
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Beauty e-commerce retailer Adore Beauty Group (ASX: ABY) has informed that its CEO, Tamalin Morton, has noted her intention to step down in 2024 for personal reasons. Tamalin will remain in the position until September 2024. After the successful transition to a new CEO, she will take on a consulting role to provide ongoing strategic
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House-hunting horror stories have become commonplace, with Aussies and immigrants grappling with rising rents. To alleviate some of the stress, rental platform Rent.com.au (ASX: RNT) recently expanded its rental payments platform RentPay to accommodate more digital wallets. As a result, the Company has achieved the significant milestone of processing $250 million of payments since its
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By 2030, the global cybersecurity market is expected to be valued at over $800 billion. Plus, global defence agencies are prioritising upping their cybersecurity in light of growing global tensions. At this time, information security services provider archTIS (ASX: AR9) has seen its revenue surge. During Q3 FY24, archTIS’s total revenue was $2.6 million, an
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After announcing a potential share price agreement to acquire Amentco in February 2024, Austco Healthcare (ASX: AHC), a healthcare workflow management solutions company, is going full steam ahead with execution. It will wholly acquire Amentco, a communications hardware and software solutions provider and certified Austco Nurse Call reseller, for $10.6 million. The acquisition will fast-track
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Last year, online marketplace Articore (ASX: ATG) undertook a business restructure, changing its name from Redbubble. However, the new name has yet to drive a change of fate. In the third quarter of FY24, the Company reported a higher profit margin but struggled with losses and cash flow. Group CEO and Managing Director of Articore,
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Thanks to major contract wins with an NFL and an NBA team and progressing with its existing product suite, software company IXUP (ASX: IXU) entered the third quarter with cash flow positivity. Moreover, IXUP – pronounced “eyes up” – launched and, subsequent to the end of Q3 FY24, completed a $4 million partially underwritten non-renounceable
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Following a notable US performance, integrating conversational AI and increased pharmacy transaction fees in Australia, medication management platform MedAdvisor Solutions (ASX: MDR) has reported a strong third quarter in FY24. The December to February period in the US is typically the flu season, placing importance on getting vaccinated. This proved beneficial for MedAdvisor. In the
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About a third of all food produced is lost or wasted yearly. Besides painting a grim picture of world hunger, this is also responsible for harmful emissions. Tackling food waste, global biotech company Zoono (ASX: ZNO) has teamed up with England-based hygiene tech company OSY to distribute a tech that boosts the shelf-life of produce.
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Flu season is around the corner, typically affecting us between May and September. Just in time for that, Australian global molecular diagnostics company Genetic Signatures (ASX: GSS) is gearing up to launch its modified respiratory kit in the country. The Company reported that the Therapeutic Goods Administration (TGA) has completed the review of its redesigned
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SaaS-based vendor marketplace Felix Group (ASX: FLX) reported a strong sales quarter, with five new contractors added and three contract expansions in Q3 FY24. As supply-chain reporting and compliance practices become mandatory, services like Felix’s – where all interactions are imprinted online – become crucial. The new contract wins and expansions added $407k of new
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Young Australians’ reading habits leave plenty to be desired. A 2024 study found that one in three Australians is struggling to read, costing the economy billions of dollars and painting a bleak picture for online booksellers like the Booktopia Group (ASX: BKG). The Company has been reeling under the impact of declining interest in books,
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Some food for thought: if the Titanic was built with artificial intelligence (AI) expertise, would it have met the same fate? Would it have been dubbed the “unsinkable” ship at all? Simulations, digital twins of ships, better employee training and more are all made possible in the extended reality (XR) realm. This is what software
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As artificial intelligence (AI) becomes central to most industries, AI marketing tech company Xpon Technologies (ASX: XPN) is ensuring it finds its place in the spotlight. To do so, the Company – which integrates data and AI to automate marketing processes – has onboarded new board members and clients. In Q3 FY24, Xpon’s MarTech revenue
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Toys retailer Toys‘R’Us (ASX: TOY) has announced strategic initiatives to streamline operations and enhance market presence. The move comes as the Company seeks to address challenges within the UK market by exiting it and positioning itself for growth. One aspect of the Australia-licenced entity’s restructuring plan is a proposed 10:1 Share Capital Consolidation. This move
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Call recording software company Dubber (ASX: DUB) is returning to the ASX after an inconsistency in funds came to light and its CEO Steve McGovern was fired following an investigation into $26.6 million worth of funds being unaccounted for. On February 27, 2024, Dubber’s board reported potential misuse of Company funds intended for a term
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Pharmaceutical company Firebrick Pharma (ASX: FRE)’s Nasodine Nasal Spray has been launched in the United States and can now be purchased from the Company’s US website with online promotions will commencing this week across the US. In the US, Nasodine will be promoted for ‘nasal hygiene’ without any therapeutic claims. Based on legal advice obtained
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Aussies spend billions on buy now, pay later, which allows them to spread across their payments without losing out on a big sum in one fell swoop. What’s more, it cushions the blow of rising interest rates. The US is witnessing a similar trend. This has brought financial services like Zip (ASX: ZIP) into the
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Mining services provider Macmahon Holdings Limited (ASX: MAH) is gearing up to acquire Western Australia-based construction company Decmil Group (ASX: DCG). The acquisition involves Macmahon purchasing 100% of Decmil’s issued share capital. This acquisition aligns with Macmahon’s strategic focus on achieving continued earnings growth while diversifying into the less capital-intensive civil infrastructure business. The transaction
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Industrial supplies company Coventry Group (ASX: CYG) is all set to acquire 100% of the shares of Steel Masters Auckland, or Steelmasters Group, a supplier of industrial and specialty fasteners. The acquisition will include subsidiaries Galvmasters, Profast and Boltmasters. It will be funded with a combination of debt through a new NAB debt facility and
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International water and wastewater treatment company De.mem (ASX: DEM) has passed the US-based testing organisation National Sanitation Foundation’s (NSF) test procedures under NSF Standard 53, setting the foundation for a global push with its new certification. The NSF tested and approved De.mem’s Graphene Oxide enhanced (GO) membrane technology for water treatment and the certification process
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Australian spirits producer and distributor Top Shelf International (ASX: TSI) has executed a binding term sheet for a $5 million sale and leaseback transaction of the farmland and structural improvement assets at the Company’s agave farm in Eden Lassie, Queensland’s Whitsundays region. The agreement does not cover the farm’s distillery plant and equipment assets or
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There are over two million small and medium-sized businesses peppered across Australia, making up over 97% of all businesses in the country. However, many struggle to survive primarily because of cash flow issues. That’s where B2B funder Butn (ASX: BTN) comes in, helping SMEs manage their finances. In Q3 FY24, ending March 2024, the Company
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Molecular diagnostics company Genetic Technologies (ASX: GTG) is piloting its risk assessment test geneType in breast screening centres across the US. The Company is establishing a clinical implementation study with breast imaging centres in New York, Miami and Houston. In the US, screening is currently between the ages of 40 and 74. So, the current
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Water tech company SciDev Limited (ASX: SDV) has been engaged by infrastructure services provider Ventia to undertake water treatment services in Victoria. The Company will supply a Build Own Operate (BOO) temporary water treatment plant in Victoria to treat PFAS-contaminated surface water. The contract’s initial revenue value is approximately $2 million, which is anticipated to
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Global drones-as-a-service provider RocketDNA (ASX: RKT) recently launched a new autonomous drone solution, xBot, expected to surpass its existing drone business in revenue. In December 2023, the Company raised approximately $1 million to accelerate the manufacturing of xBot units and increase marketing capabilities around deployment. It has successfully launched and deployed the first batch of
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Over the past several months, medical cannabis company Melodiol Global Health’s (ASX: ME1) subsidiary Health House Australia has been gearing up for the launch of its medicinal cannabis clinic. After significant internal analysis and planning, Health House Australia expects the Health House Wellness Clinic to be operational in Q2 of CY24. The Health House Wellness
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Melbourne-based therapeutic antibody development company Patrys (ASX: PAB) unveiled positive findings from preclinical studies using PAT-DX1 and PAT-DX3 in animal anti-neutrophil cytoplasmic antibody (ANCA) vasculitis models. Dr Kim O’Sullivan from Monash University presented the findings during the plenary session at the 21st International Vasculitis Workshop in Barcelona. He said, “Both PAT-DX1 and PAT-DX3 are able
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Australia has seen a steady rise in gyms and fitness centers in line with the growing interest among gym goers. Millions of Gen-Z and millennial Aussies have been signing up for gym memberships to reinvent their lifestyle. This has proven to be fertile ground for fitness businesses to thrive. Recently, health and fitness clubs provider
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Australian cyber safety company Qoria (ASX: QOR) has promptly rejected an unsolicited acquisition proposal from US-based private investment firm K1 Investment Management. The conditional and non-binding offer is to acquire 100% of Qoria’s issued share capital for $0.40 cash per Qoria share through a scheme of arrangement. The Indicative Proposal was subject to conditions including
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The United States Patent and Trademark Office (USPTO) has recently granted a patent to Australia-based clinical-stage cell therapy company Chimeric Therapeutics (ASX: CHM) for its CHM 0201 (CORE-NK) technology, which targets blood cancers and solid tumours. The technology is used in the production of Chimeric’s clinical-stage universal NK cell asset CHM 0201, as well as
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Food and wellness eCommerce company RooLife Group (ASX: RLG) has executed a binding term sheet agreement with Fujian Jushi Supply Chain Management, a China-based eCommerce and supply chain business. Fujian Jushi will market and sell RooLife’s portfolio of products and other requested products it orders from the Company. Per the agreement, Fujian Jushi Supply Chain
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The agricultural sector is facing significant challenges—from rising costs of traditional fertilisers and declining soil health to the impacts of climate change. In response, CleanTech company Environmental Clean Technologies (ASX: ECT) and ESG Agriculture are coming together to meet market demand by providing affordable fertilisers that support soil and crop health while enhancing carbon levels
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Battling massive debt, craft beverage accelerator Mighty Craft (ASX: MCL) has been on a mission to divest its businesses to stay afloat. In keeping with that, the Company has signed a deal to sell the assets linked to Mismatch Brewing Company and The Hills Distillery (78 Degrees) to a third-party buyer, led by a consortium
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The US’s sports betting landscape is under the scanner right now as one of its biggest athletes, Shohei Ohtani, tries to unravel himself from a sports betting scandal just months after signing a USD $700 million contract. The ongoing investigation is centred on a $6.9 million transaction from his bank account to an illicit betting
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In Australia, enrolments in Higher Education have seen a 10% surge compared to 2019, driven by a surge in international students. In fact, about one in 40 Aussies is on a student or graduate visa. The demand is set to continue, putting the spotlight on online education marketplaces. AI-powered SaaS learning platform OpenLearning (ASX: OLL)
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Neuroscience tech company Cogstate (ASX: CGS) has re-acquired the global rights to its technology previously exclusively licensed to Japanese pharma company and its global commercial partner, Eisai. The agreement excludes Japan and will come into effect on April 1, 2024. This marks an amendment to the duo’s 2020 agreement, which includes exclusivity across a few
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Parched for better financials going ahead, environmental intelligence technology company Envirosuite Limited (ASX: EVS) has announced that its EVS Water products will join the EVS Industrial portfolio. This decision follows EVS Water’s maturity milestone and the go-to-market and product synergies seen with the EVS Industrial portfolio, demonstrated through recent cross-sell wins and success in B2B
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Australian pharmaceutical company Amplia Therapeutics (ASX: ATX) is conducting a clinical trial—the ACCENT trial—for pancreatic cancer. The trial will test a new drug called narmafotinib in combination with standard chemotherapy. Narmafotinib targets a protein called FAK (Focal Adhesion Kinase), which is becoming a hot area of research in cancer treatment. Amplia’s drug aims to make
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Over 10% of Singaporean adults suffer from knee osteoarthritis, a progressive joint ailment, with a notable rise in cases among individuals aged 40 to 60. As per the Singapore General Hospital (SGH), knee preservation surgeries have doubled from 50 cases in 2020 to about 100 cases in 2021. Similarly, Vietnam experiences a surge in demand
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Melbourne-based cold spray solutions provider Titomic (ASX: TTT) has gotten its largest D523 order yet from the land branch of the Royal Netherlands Army, Koninklijke Landmacht. The Royal Netherlands Army intends to dispatch nine of these systems to Ukraine to aid in the country’s war efforts. The order, valued at approximately $1.28 million, comprises 10
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Spatial data services provider Veris (ASX: VRS) has successfully led a consortium to be appointed as a Digital Twin Victoria (DTV) Innovation Partner for the next three years. The 10-member consortium bested some top-tier global consulting firms to gain the top spot in a highly competitive field. Digital Twin Victoria (DTV) is a Victorian government-funded
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Australian semiconductor company Archer Materials (ASX: AXE) has joined forces with Switzerland’s research institute École Polytechnique Fédérale de Lausanne (EPFL) to build a microchip aimed at revolutionising the study of quantum materials. The chip’s features open potential opportunities for Archer to develop quantum sensors, miniaturised spectrometers, and analytical devices for precision sensing. This new chip,
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Global HR tech platform Xref (ASX: XF1) is on its way to launching an Avengers-esque background-checking platform complete with multiple services. The Company has already introduced its graduate Qualification Verification checks and Certn checks for working professionals, which were introduced after the rollout of Trust Marketplace on Xref’s Enterprise Platform. Trust Marketplace, now integrated into
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Aussie rural telecom provider Field Solutions Holdings (ASX: FSG) has secured a new contract with Networking Tasmania. This five-year agreement, valued at $1.3 million, marks FSG’s first win under a new Standing Offer Arrangement (SOA) with the Tasmanian government agency. The contract signifies a major step for FSG in Tasmania. It will be supplying critical
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Online wagering company BlueBet Holdings (ASX: BBT) has inked its first-ever US business-to-business (B2B) sportsbook agreement with road course auto racing facility Green Savoree Mid-Ohio. Pending regulatory approvals, this deal paves the way for the launch of an online sportsbook in Ohio. The initial five-year agreement will include BlueBet receiving annual fees based on a
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E-commerce toy retailer Toys‘R’Us (ASX: TOY) is expanding its portfolio by acquiring the key assets of RIOT, a 50-year-old arts and crafts retail brand. TOY will acquire intellectual property assets (domain names, business names, trademarks) and stock on hand. The Company plans to combine the RIOT assets with its existing operations to achieve efficiencies through
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After a troubling half complete with delays, losses and adjusted forecasts, Adacel Technologies (ASX: ADA), a company providing advanced air traffic management and air traffic control simulation solutions, has secured a new contract from its existing customer, the US-based Federal Aviation Administration (FAA). This infuses confidence in the Company, which is attempting a return to
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In 2023, global birth rates dipped by 1.15% per 1000 people, with significant declines noted in the EU (5.9%) and China (2.3%), extending a five-year trend. Consequently, all stages of infant formula production, from birth to growing milk, have declined. As a result, Clover Corporation (ASX: CLV), an Aussie tech company specialising in infant formula
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Aussie biosensor company Universal Biosensors (ASX: UBI) has received the US FDA 510(k) and CLIA Waiver approval for its Xprecia Prime Coagulation Analyzer as a Class II device. Xprecia Prime is a portable coagulation monitoring device that provides fast and accurate PT/INR testing (measuring how long it takes for blood to clot) specifically for patients
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Perth-based telco company Pentanet Limited (ASX: 5GG) has collaborated with NVIDIA to upgrade its cloud infrastructure. Integrating NVIDIA L40 GPUs into Pentanet’s Gen 3 cloud infrastructure has enabled the company to join NVIDIA’s Graphics Delivery Network (GDN), extending its reach to over 130 countries. The move to join NVIDIA GDN signifies Pentanet’s intention to broaden
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In July last year, Australia became the first country to legalise ecstasy (MDMA) and magic mushrooms (psilocybin) for mental health disorders, including PTSD and depression. A bold move, it spurred medical businesses into action, seeking the proper approvals and getting the early advantage. At the same time, not all medical professionals were so thrilled, citing
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While facial recognition continues to fall in and out of favour with the everyday Aussie, measuring privacy concerns against functionalities, AI product developers like dorsaVi (ASX: DVL) have carried on, creating niche AI products that could be worth their salt. The Company, which develops FDA-approved wearable sensors and specialises in human movement analytics, has integrated
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Affordable accommodation developer Eureka Group (ASX: EGH) is not pleased with peer Aspen Group’s (ASX: APZ) bid to acquire the Company, dismissing the proposal as undervalued after Aspen’s offer aimed to merge the two entities into its $500 million property conglomerate. This follows a review by the Eureka Board of Aspen’s Bidder’s Statement, filed on
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After having its contract with Google terminated, artificial intelligence company Appen (ASX: APX) has been kicked while down after getting trapped between rock and hard place, with leading data company Innodata to withdraw its takeover bid, citing a confidentiality breach. On March 12, 2024, Appen received a letter from the ASX inquiring about its price
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Battling erratic supply, lost sales and high costs from manufacturers, health and wellness food company Forbidden Foods (ASX: FFF), known for its protein bars, has had to change tact to reduce losses. The Melbourne-based company has signed a non-exclusive agreement with Edenvale Foods to manufacture its Blue Dinosaur snack bars and support the development of
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In the world of science, getting accurate and consistent results is key. Thanks to artificial intelligence and automation advancements, achieving this is now easier than ever. Take, for example, the APAS® PharmaQC product from Australian MedTech company LBT Innovations (ASX: LBT). Using AI technology, microbiologists can analyse multiple culture plates. By removing the variability often
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Aussie cleantech company Parkway (ASX: PWN), which builds water treatment solutions, has acquired Tankweld Group, comprising the Tankweld Engineering Service and Tankweld Installations divisions. The $2.6 million acquisition of Tankweld Group has major benefits for Parkway. First, the Company now has greater project execution capabilities, which helps in technology commercialisation. Second, the acquisition improves Parkway’s
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Since last month, intellectual property services provider QANTM (ASX: QIP) has come into the spotlight following strong H1 FY24 results. So much so that it caught the eye of three companies wanting to acquire it. QANTM capitalises on the growth of the broader intellectual property rights industry. Australian businesses with IP rights account for around
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Semiconductor company Archer Materials (ASX: AXE) has achieved a major milestone in its Biochip technology development by significantly reducing the size of its gFET (graphene field-effect transistor) chip. This achievement resulted from redesigning the circuit layouts, leading to a substantial decrease in chip size that has the potential to increase its utility in medical diagnostics.
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Canadian biotech company Tryp Therapeutics (CSE: TRYP) is set to list on the ASX through a backdoor merger with genetic medicines developer Exopharm (ASX: EX1) in a $14.3 million acquisition agreement. Following this agreement, Exopharm will change its name to Tryp and re-list on the ASX. On completion of the Transaction (Completion), Exopharm will be
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The conversations surrounding artificial intelligence (AI) and its scope to transform the pharma industry have been underway for a while now. In fact, reports suggest that the global health-related AI market is set to be worth $284bn by 2030. Pharmaceutical development company Algorae (ASX: 1AI) is one of the companies at the forefront of this
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For many, a bad night’s sleep can be chalked up to a late night out, stress and such. However, multiple nights of restless sleep could mean something more. Insomnia is among the two most common sleep disorders in Australia, with the second being obstructive sleep apnea. About 60% of Aussies display symptoms of insomnia. With
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On the heels of a mixed recreational vehicles (RVs) market, global tourism operator Tourism Holdings Limited (ASX: THL) has finalised the sale of its 14.14% stake in Camplify Holdings Limited (ASX: CHL), a peer-to-peer RV rental operator. The sale, based on a per-share price of $1.90, fetched approximately $19.2 million in gross proceeds for thl.
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Medical device company Atomo Diagnostics (ASX: AT1) has locked in purchase orders from Viatris Healthcare Pty Ltd amounting to approximately $970,000 for HIV Self-Tests. These tests, manufactured by Atomo under the Mylan brand, are designated for supply to several Low- and Middle-Income Countries (LMICs). The orders are scheduled for production during the second half of
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Despite global efforts, food waste remains a challenging problem to solve. Each year, 1.3 billion tons of food is wasted due to poor handling, costing the global economy $1.5 trillion. This waste contributes 6-8% of annual greenhouse gas emissions and, what’s more, if saved, it could have fed about 1.26 billion people. No doubt, food
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Aussie clinical stage biotech company Cynata Therapeutics (ASX: CYP) has marked a milestone in its Phase 2 clinical trial of CYP-001 for high-risk acute graft versus host disease (aGvHD) with the enrolment and treatment of its first patient. High-risk acute graft versus host disease (aGvHD) is a serious complication that can occur after a stem
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Online travel aggregator Jayride (ASX: JAY) had little choice but to undertake a comprehensive strategic review following dwindling profit margins. In November 2023, during a Shareholder Address, Chairman Rod Cuthbert acknowledged the pit, or “challenging position”, the Company was in. Founded in 2012, Jayride aggregates ride service companies and distributes them to travellers at Jayride.com,
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Instead of toiling away in the sun, rain and hail, construction workers will soon be able to catch a break as the bricklaying robot Hadrian X paves its way to commercialisation. Robotics tech company FBR (ASX: FBR) has announced its collaboration with manufacturing company Liebherr USA Co. in Miami, Florida. Liebherr’s facilities will serve as
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Australian law firm AF Legal (ASX: AFL), which specialises in family and relationship law, is all set to acquire the contested wills and estates practice of Go To Court Lawyers Pty Ltd (GTC), trading as Armstrong Legal, for a sum of $3.7 million. This move comes amidst a backdrop of increasing intergenerational wealth transfers and
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In Australia, the landscape of diagnostic imaging is evolving rapidly, especially in response to the needs of an ageing population. With Medicare expanding its coverage of diagnostic imaging items, there’s a newfound impetus for individuals to prioritise early detection and preventative healthcare measures, ushering in a promising era of proactive health management. In keeping with
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Most Australians onboard a tax agent to lodge their tax returns—it’s simpler and enables them to maximise their returns. But that’s not the only reason they avoid taking the digital route. There’s also the perception that filing tax returns online is complicated. To address that, FinTech platform One Click Group (ASX: 1CG) has used every
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Sydney-based MedTech company Next Science (ASX: NXS) has reported a bumper result with its annual sales, reaching $33.7 million, a 90% increase compared to the previous year. This surge is primarily attributed to the expansion in the Wound Care and Surgical segments, driven by a strategic focus on direct sales and the successful implementation of
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Amid Australia’s housing crisis, people’s ambitious plans to set up and expand their businesses have anything but halted. Thanks to the anticipated demand from the post-pandemic population growth, construction and building companies like Fleetwood (ASX: FWD) are winning big. In H1 FY24, Fleetwood recorded a net profit after tax (NPAT) of $3.9 million following an
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Plus-size clothing retailer City Chic (ASX: CCX) has posted a 29% revenue decline for H1 FY24, citing inflationary pressures. Dwindling consumer confidence caused the Company’s sales revenue to drop to $105.8 million compared to H1 FY23’s $149.9 million. Online sales also remained challenging, but there were signs of improvement in stores during Q2. Going by
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After increasing fees following an uptick in childcare subsidies for parents and reducing wages, early childhood care provider G8 Education (ASX: GEM) ended CY23 on a high. The Company reported a 9.1% increase in revenue, reaching $983.4 million, alongside a 53.1% rise in Statutory NPAT to $56.1 million compared to CY22. This growth was primarily
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From being a building society—offering financial services like loans and mortgages—to being an Aussie-owned bank, Auswide Bank (ASX: ABA) hasn’t had an easy rise up to take on the Big Four with intense competition on the home loans and deposit fronts. Auswide Bank reported a 45.7% decrease in its Statutory NPAT to $7.6 million amidst
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Who doesn’t love a discount? The amount of nods to this question has increased over the past year thanks to rising prices and inflation. It’s no wonder then that luxury retailers like Adairs are not gaining consumers’ favour. In the first half of FY24, household retailer Adairs (ASX: ADH), like many others, dealt with reduced
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With a new name, attractions and spirit, theme parks and entertainment company Coast Entertainment Holdings (ASX: CEH) has kicked off life to shed baggage of yesteryear dramas but not even a surge in ticket sales was able to offset losses incurred from storm damage to its attractions. A class action lawsuit (costing the Company about
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Perth-based equipment parts and servicing business Gateway Group has been partially acquired by surface engineering company LaserBond (ASX: LBL) in a move that strengthens the Company’s presence in Western Australia and opens doors to new market segments. The acquisition, valued at 4.5 times Gateway’s EBITDA, involves a mix of cash and scrip. LaserBond will initially
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At a time when about half of younger Aussies are spending over 50% of their income on rent, the affordability crisis is magnified. It’s no wonder then that discount store chains like The Reject Shop (ASX: TRS) are gaining consumers’ favour. The Reject Shop is a merchandise-led business that collects cancelled orders, overproduced products and
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Due to inflation and rising costs, consumers tightened their belts, leaving their liquor glasses half-full and wallets fuller. It so appears, the domestic glasses will remain half empty for a while, with luxury whisky and liquor company Lark Distilling (ASX: LRK) still reeling under the economic hangover. In H1 FY24, Lark’s net sales revenue was
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Coming off the summer break, Australia and New Zealand-based travel distribution company Helloworld Travel (ASX: HLO) reported strong financial results for the first half of FY24, driven by growing demand for leisure travel. The Company’s earnings surged to $34 million, marking a 117.7% increase from the previous corresponding period’s $15.6 million, while Total Transaction Values
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How much would you be willing to spend to test your luck? While the cost of a Powerball lottery ticket might not be much—ranging between $6 and $31 (or more, depending on the game type), Aussies collectively spend billions on lottery tickets. However, for consumers, affording the luck of the draw has been paling in
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Australia’s labour shortage struggles are far from over, continuing to impact companies like diagnostic imaging services provider Integral Diagnostics (ASX: IDX). This impact was reflected in its mixed results for the first half of FY24. Integral Diagnostics is an Australia and New Zealand-based medical diagnostics company offering radiology services—from X-rays and CT scans to ultrasounds,
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At the start of a year, many of us pledge to make massive improvements to our lives—spending less on unnecessary things, cooking more, working harder and such. Typically, around halfway, we call it quits and get on with our lives as they were. Then comes the guilt, the resentment, and the new year with new
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Cloud-enabled smart education platform operator Victor Group Holdings (ASX: VIG) has entered into a strategic investment agreement to acquire a 25% ownership stake in LIT Technology Pty Ltd for $2 million. This marks its transition from being an exclusively e-learning platform to dipping its toes in buy now, pay later and FinTech at large. This
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After seeing a major uptick in its share price over the past year, parking tech company Smart Parking (ASX: SPZ) attributed its growth to the strategic expansion of its managed sites, pointing to a promising trajectory for the Company. For the Half Year ended 31 December 2023, Smart Parking revealed a 20% increase in revenue
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Owing to frequent supply chain bottlenecks and a surge in online retail, the importance of self-storage units spread across a region has come to the forefront. This is true for both companies as well as consumers who have accumulated goods or are planning a big house move. At such a time, self-storage operation platforms like
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Pet sitting and online pet services company Mad Paws (ASX: MPA) has received a strategic investment of up to $9.25 million from the media house Seven West Media (ASX: SWM). This investment comprises $5.25 million in the initial tranche, including $1.25 million in cash and advertising equivalent to $4 million. This investment will help boost
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Rounding up the first half of FY24, digital real estate portal Domain (ASX: DHG) was relieved to find a positive environment in Sydney and Melbourne, with early signs of improvement in smaller markets. As buyers dealt with higher interest rates and cost of living, demand continued to soar, benefitting real estate companies. Domain reported a
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It is not just a tough environment for job seekers but also for job portals like SEEK (ASX: SEK), which are grappling with lowered ad revenue. In H1 FY24, SEEK reported a 5% decline in revenue compared to H1 FY23, totaling $596.8 million. EBITDA saw an 11% decline to $252.9 million, while net profit after
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As more Aussies turn to streaming services, traditional TV networks like Seven West Media (ASX: SWM) are facing tough times. Less people are watching TV, which means less money spent on ads, hitting Seven’s finances hard. Last year, Australian TV ads dropped by 8%, while the total TV market declined by 9%, reflecting the trend
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In a much-needed and laudable development for women’s healthcare in Saudi Arabia, medical devices company TruScreen’s (ASX: TRU) distributor, Bettalife, has successfully obtained reimbursement approval from the majority of private health insurance companies in the country. With reimbursement in place, women who are insured and opt for TruScreen over the conventional Pap Smear will receive
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After losing a major customer contract with Google, machine intelligence and data company Appen (ASX: APX) has been taking proactive steps to address its financial impact. On January 20, 2024, Appen received notice from Google LLC that, as part of a strategic review process, Google would be terminating its global inbound services contract with Appen.
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In the face of a mounting affordability crisis, childcare operators are being scrutinised for potentially exploiting government-mandated relief meant for struggling parents. However, regulatory changes could soon put an end to this. A parliamentary inquiry is set to delve into concerns about childcare centres hiking fees whenever subsidies increase. This move comes as Australian parents
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National essential power and communications infrastructure provider GenusPlus (ASX: GNP) has secured a $40 million contract from ACCIONA Energia for the design and construction of the Substation Works for the Aldoga Solar Farm project in Queensland. The development of the Aldoga Solar Farm and its 275kV Substation (for electrical generation and distribution) represents a significant
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Despite the ongoing volatility in the real estate market (if you’ve been house hunting, you already know), digital property group REA Group (ASX: REA) has shown strong results in H1 FY24, driven by greater demand and higher prices. Compared to H1 FY23, the Company saw an 18% surge in revenue to $726 million, coupled with
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Luxury retail platform Cettire (ASX: CTT) is coming off a pretty successful first half FY24—a remarkable feat at a time when luxury spending has taken a backseat. The Company saw a major uptick in gross revenue, reaching $460.5 million, a 90% increase compared to the previous corresponding period. Sales revenue also soared to $354.3 million,
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Are you no longer reaching out for pints when you head out? You’re not alone. The cost-of-living crisis has hit the beer, and companies like independent brewers Good Drinks Australia (ASX: GDA) are having to navigate the new consumer sentiment. In fact, reports suggest that Aussies are slowing down their alcohol intake altogether, with more
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Aussie EdTech company Janison Education Group (ASX: JAN) has clinched a major deal with the NSW Department of Education and Cambridge University Press & Assessment. The partnership aims to modernise the state’s selective education placement tests by leveraging Janison’s digital assessment platform. The agreement—which is the outcome of a competitive tender process—designates Janison to handle
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Wagering tech company BetMakers Technology (ASX: BET) has unveiled a five-year partnership with PA Betting Services, a division of the UK-based PA Media Group. The duo is gearing up to launch a broadcast streaming and wagering platform for intended distribution into world racing markets. The platform, dubbed “The AdVantage Platform”, will combine the latest wagering
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Australian tertiary education provider NextEd Group (ASX: NXD) is all set up for the new student intake season. It has secured regulatory accreditation for three new vocational healthcare courses—aged care, individual support, and community services—to cater to international students. With marketing efforts in full swing, targeting English language students and using recruitment agency networks, the
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Security and traffic services provider MCS Services (ASX: MSG) has entered into a conditional agreement to sell its security business for a cash consideration of $3 million to Vibrant Services. MCS Security Group is the Company’s wholly-owned subsidiary and a leading supplier of security services at commercial property sites and retail shopping centres, principally in
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When 5G tech was introduced, Australia became the first country in the southern hemisphere to adopt it. Around four in five Australians have access to 5G already and by 2025, 95% are set to have 5G coverage. Companies like Perth-based telecommunication and gaming company, Pentanet (ASX: 5GG) are at the forefront of this adoption. In
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Deloitte’s report on the fourth industrial revolution revealed that 44% of Chief Experience Officers expect a significant impact from nanotechnology on their organisations. These impacts could be across a range of industries from healthcare to entertainment. For instance, ever wondered how cool it would be if you could convert the videos on your phone into
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Sydney-based HR and wellness company Thrive Tribe Technology (ASX: 1TT) has been driving the development of its Sixty app in Q2 FY24. Besides improving existing features, like user-friendly dashboards and a convenient storage library, efforts have been focused on expanding the Sixty platform to elevate the overall user experience. Last year, Thrive Tribe went full
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After zooming out and reviewing the Company’s strategic moves, wastewater solutions company Fluence (ASX: FLC) took a new approach to CY23, highlighting new products and strategic realignments. And the results seem to be returning a major thumbs up. Q4 CY23 marked Fluence’s strongest financial and operational quarter of the year. The quarter saw revenues of
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Genomic life science company EZZ Life Science Holdings Limited (ASX: EZZ) has demonstrated strong financial performance in the second quarter of FY24, with a focus on key health challenges and strategic expansions. EZZ closed Q2 FY24 with $13.6 million in cash inflows from customers, marking a 57% increase from the same quarter last year and
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If you’re somewhat versed in the tech world, you have probably heard terms like semiconductors, quantum computing and bioelectronics, and their potential to change the world. While some companies might suggest that these have a long way to go before they are usable by the layman, Archer Materials is readying to inject them into our
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Even as discretionary spending takes a hit, fashion retail company Mosaic Brands (ASX: MOZ) has come out strong, ending the first half of FY24 with a 50% increase in its Net Profit After Tax (NPAT) on PCP. As per its recently released unaudited trading update, the Company expects to report an approximate NPAT of $5.9
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In a major stride towards its ‘Capital Lite’ US market entry strategy, mobile-first online wagering provider BlueBet Holdings (ASX: BBT) said that its wholly-owned subsidiary, BlueBet Louisiana LLC is now licensed to operate in Louisiana. Under the ClutchBet B2C brand, the subsidiary has already accepted its first wagers, marking Louisiana as the third US state
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Aussie medical device company Atomo Diagnostics (ASX: AT1), which provides rapid diagnostic tests, witnessed strong growth in revenue and margins across its business ventures, especially its HIV Self-Test business. Thanks to improved awareness and accessibility, the self-test sold over 130,000 units in Q2 FY24, ending December 2023. The sales were primarily in high-value developed markets
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Job hunting is a painful process. From the time you send in your application to when you hear back for an interview, provide references and sign the official contract—it could take months. It’s a frustrating process that some employment portals are aiming to simplify and, most importantly, speed up. Certsy, a SEEK (ASX: SEK)-owned credential
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In a move to enhance threat detection capabilities, Devo Technology, a US-based security data analytics company, is set to integrate Snare, the cybersecurity solution from business software developer Prophecy International Holdings (ASX: PRO). The collaboration aims to offer accelerated threat detection and response, strengthening the global cybersecurity landscape. With the global cybersecurity market projected to
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AI and medical technology firm Echo IQ Limited (ASX: EIQ) has inked a commercial licensing agreement with respiratory health MedTech company Respiri Limited (ASX: RSH) to incorporate Echo IQ’s EchoSolv cardiovascular decision support into Respiri’s remote patient monitoring (RPM) user base. As per the agreement, Respiri will integrate EchoSolv cardiovascular solutions into its U.S. Remote
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Remote tech provider Harvest Technology Group Limited (ASX: HTG) has confirmed the reception of second and third orders for its Nodestream technology, totalling approximately $380k, from a prominent Five-Eyes defence customer. The Five-Eyes alliance includes Australia, New Zealand, the UK, the US, and Canada. Notably, the entire amount has been received upfront, underlining the confidence
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If you thought only cars could be autonomous (hey, Tesla), think again. Medical device company Control Bionics (ASX: CBL) has wheeled the technology into autonomous wheelchairs, ensuring people with Amyotrophic Lateral Sclerosis (ALS)—a motor neuron disease—live a better, “freer” life. In support of that, the Company’s wholly-owned US subsidiary has secured a research grant of
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Customer service software provider for retailers and retail banks, RocketBoots (ASX: ROC) has announced two significant agreements in the UK. The first agreement is with a major retail bank in the UK, part of the prestigious Big 4, while the second is with the Scottish Midland Co-op Society, overseeing around 200 retail grocery stores across
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Just yesterday, Brisbane Broncos’s captain Adam Reynolds left fans holding their breath as he limped off the field, only to be later cleared of any serious injury. However, the real excitement for Broncos enthusiasts lies off the field, as the NRL team reports an uptick in profit and an array of revenue streams that contributed
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Upon entering January 2024, Google employees likely felt an eerie sense of deja vu as they received emails from their CEO Sundar Pichai, warning them of impending layoffs. Last year, during the same period, Pichai sent out an email informing employees about the “difficult decision” to reduce headcount. Big tech companies have become synonymous with
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In what can be considered a massive win, horse racing and wagering company Racing and Sports Technology (ASX: RTH) has bagged the support of global online casino and sportsbook Stake.com—whose sponsorship portfolio includes the likes of Canadian singer Drake and the Stake F1 team, UFC, among others. This partnership will aim to establish racing (and,
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Australian-based developer and manufacturer of security, surveillance, warning, environmental monitoring and AI solutions and platforms Spectur (ASX: SP3) disclosed its financial performance for the second quarter of FY24, highlighting notable achievements, including its best revenue month in history, December. For the quarter ended December 31, 2023, Spectur experienced growth in recurring revenue, constituting 63% of
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After three years of record results, 2023 finally broke jewellery retailer Michael Hill (ASX: MHJ). Like many Aussies, the Company faced tough retail conditions prompting cost-cutting measures. The fine jewellery brand encountered formidable headwinds due to a bitter cocktail of factors, including the macroeconomic environment impacting consumer sentiment, tough trading conditions, inflated input costs, and
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Prices have risen across the board, leaving little room for discretionary spending. Any help—gift cards, rewards—is appreciated on that front, allowing platforms like entertainment, lifestyle and rewards platform operator IncentiaPay (ASX: INP) to gain a leg up. In Q2 FY24, when seasonal events like Christmas, Black Friday and more prompted consumers to loosen the wallet
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Australia is accelerating towards becoming a cashless society. The Reserve Bank of Australia (RBA), national banks and financial experts have collectively foreshadowed that the country will be rid of cash in the next couple of years. However, this transition demands the preparedness of a robust digital payments infrastructure which is just one reason investors are
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Aussie pet services company Mad Paws (ASX: MPA) spent over $20 million on product development and operations in H1 FY24. As it edges closer to EBITDA breakeven, the Company ditched excessive marketing spending to focus on data-driven strategies and growth across key brands. In Q2 FY24, Mad Paws saw Group Operating Revenues reach $7.6 million,
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If you recently spotted an ad for the investment app Raiz (ASX: RZI) on TV, know that it’s all part of the Company’s latest brand awareness campaign and you’ve joined its roster of potential customers. In December 2023, Raiz launched the ‘Raiz Your Game’ marketing campaign. By early January 2024, as a result of the
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Mining company Dynamic Group (ASX: DDB) has entered into a binding agreement to acquire Airwell Flow Testing which is a division of the French fluids management company, Airwell Group. This strategic move is expected to reinforce Dynamic’s position in the water-well industry and tap into the burgeoning flow testing sector, known for its lower capital
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Workplace compliance—monitoring safety, health and legal aspects of employment—can be demanding and expensive. Unless you’re an AI robot. Then it’s all seamless, mind-numbing work. In a notable shift from its roots as a credential checking business, Australian RegTech company Kinatico Limited (ASX: KYP) has been pivoting to become an all-encompassing provider of simplified daily compliance
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Clinical-stage biotech company Syntara (ASX: SNT) has stepped into a transformative year with a renewed focus on drug development. Entering 2024, the Company took the “new year, new me” concept seriously, divesting its Pharmaxis mannitol business and rebranding as Syntara with new leadership to include high profile biotech experts that have commercialised drugs for Big
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Time to vote this board out and make history, reads the clarion call of Shane Yeend, a major shareholder of the independent Aussie game developer Mighty Kingdom (ASX: MKL). Yeend is bringing shareholders together to vote out the current board in favour of a “no nonsense board with extensive track records of successful ASX turnarounds”
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Specialised industrial products provider Coventry Group (ASX: CYG) has announced notable financial results for the first half of FY24. Its group sales reached $185.3 million, reflecting a substantial 5.4% increase from the prior year. Unaudited EBITDA also demonstrated significant growth, rising by 18.1% to $9.8 million. These results are aligned with last month’s forecasted figures—H1
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Smart lockers company TZ Limited (ASX: TZL), serving clients like Apple, JLL, adidas, NSW Health and more, has reported a positive net cash inflow from operating activities, totaling $775,000 in Q2 FY24. Key components of the operating cash flows included receipts of $5 million, coming to $8.8 million year to date. It also reported payments
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Unveiling a string of good news to begin 2024, microbiome health company Biome (ASX: BIO) has announced the launch of its Activated Probiotics in major European health retail outlets starting January 2024. Key distributors are CLF in the UK and iiHealthfoods in Ireland, with funding for the expansion coming from Biome’s current working capital. What’s
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Besides coveted cosmetics, shoes and tech, safety was a major item on the Black Friday bucket list for parents. Just in time for the new school year, parents put Spacetalk’s Telstra-enabled Mobile plan on their list for affordable data and network connection. During the second quarter of FY24, software services and smartwatch company Spacetalk Mobile
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Medical device company Compumedics (ASX: CMP) has reported an impressive surge in sales, projecting a revenue of $26 million for H1 FY24. This marks a major 35% increase compared to H1 FY23. The performance is attributed to key factors including the Company’s second MEG sale to Tianjin Normal University (TJNU) in China and successful initial
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Australia’s ongoing cost of living crisis is no secret. People now read the price tag thrice to determine if the item deserves a spot in their cart. They are cost comparing and cutting, making sure to find the best deals. Retail intelligence ecosystem Frugl (ASX: FGL) had set up a grocery app to make this
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Mental health treatment provider Emyria (ASX: EMD) has announced that its psychiatry specialist has been granted “Authorised Prescriber” status by the Therapeutic Goods Administration (TGA). The authorisation enables the prescribing of MDMA according to an ethics committee endorsed care model developed by Emyria and within the strict regulatory framework established by the TGA for the
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In a bid to crack down on excessive vaping among the Aussie youth, the Australian government decided to nip the problem in the bud. From January 1, 2024, the Therapeutic Goods Administration (TGA) declared that disposable vapes can’t be imported to Australia, regardless of nicotine or therapeutic claims. Plus, come March 1, 2024, importing all
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Aussie dairy products company Jatcorp (ASX: JAT) is having a particularly productive start to the year with its Board of Directors appointing Sunny Jianxin Liang as the new Chief Executive Officer (CEO) of the company. Liang, a seasoned senior business leader with over 13 years of experience in the export industry, particularly in infant formula,
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Aussie MedTech company Nova Eye Medical (ASX: EYE) has kicked off the new year with good news for investors, recording an impressive $7.6 million in sales in the US for its glaucoma surgical devices during the six months concluding on December 31, 2023 (unaudited). This represents a remarkable 65% growth compared to the previous corresponding
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“I have more gray hair in my beard – and less overall hair of any color – after a year like we’ve just had,” Wide Open Agriculture (ASX: WOA) CEO Jay Albany remarked, reflecting on the Company’s 2023—the year in which it was suspended from the ASX for six months. Besides reeling under the impact
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Aussie pharma development company Algorae Pharmaceuticals (ASX: 1AI) has partnered with HL Pharma, an Australian company registered with the Victorian Department of Health, for the sourcing, supply, and distribution of various cannabinoid compounds for research purposes. The collaboration is governed by a comprehensive three-year agreement, adhering to Good Distribution Practice (GDP). Under the terms, HL
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Picking itself up after a year of losses, financial services company Earlypay Limited (ASX: EPY) has secured a new invoice and trade finance warehouse facility with an initial senior funding commitment limit of $220 million. The financial settlement of the facility is set to take place in January 2024. In addition to this milestone, Earlypay
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It’s a new name, new game energy, as music company Vinyl (ASX: VNL)—formerly Jaxsta—acquires entertainment giant The Brag Media, the Australian publisher of Variety magazine and Rolling Stone AU/NZ. Vinyl will fully acquire the publisher, including its premium network of mastheads and events funded by a new investment by WiseTech Global (ASX: WTC) Founder and
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In Chile, one in eight adults have diabetes. The number of people with the condition there has risen almost 50% in the past ten years. By 2030, the healthcare spending on diabetes in Chile is set to surpass $4 billion. Chile’s healthcare needs demand companies like medical tech company Proteomics (ASX: PIQ) that emphasise early
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The first four months of FY24 have not been kind on clothing retailer KMD Brands (ASX: KMD), the Group behind the ubiquitous winterwear retailer Kathmandu (spotting Kathmandu jackets during Aussie winters could very well be a drinking game). However, with winters having passed, KMD has reported a 12.5% decline in group sales compared to the
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The XJO is expected to open higher this morning following another night of gains in the U.S. Their futures are flat. Yesterday we managed to break through key resistance at roughly 7,450 and today we look set to test the next key level at roughly 7,550. The strength underpinning markets is almost dizzying and it
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Fertility specialists Monash IVF (ASX: MVF) appears to have found fertile ground for growth, as it locks in the acquisition of Perth-based IVF and fertility clinic Fertility North. Fertility North services Perth’s northern suburbs, helping MVF attract new clientele. Monash IVF will acquire 80% of Fertility North through an initial upfront cash payment estimated at
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The US Patent and Trademark Office (USPTO) has recently approved the third patent application submitted by the biotech company Tissue Repair (ASX: TRP), which focuses on developing wound-healing agents. This patent—titled “BIOLOGICAL POLYSACCHARIDE COMPOUND” ]—includes claims that extend to the Glucoprime® compound and its molecule, allowing for various applications. Glucoprime and its derivatives serve as
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Medical diagnostics company Rhythm Biosciences (ASX: RHY) has undertaken a comprehensive strategic review following major shareholder discontent and a subsequent S249D notice requesting a vote to remove the Chairman. In October, the Company faced regulatory scrutiny as its stock value plunged from 32¢ to 20¢, triggering an ASX “speeding ticket”. Later, the stock was trading
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Kitchen, wardrobe and other household products supplier Joyce Corporation (ASX: JYC) has announced the expansion of its bedding subsidiary, Bedshed, with the acquisition of two prime locations in suburban Sydney. The franchise agreements, finalised with two franchisees, will see Bedshed taking control of stores in Alexandria and Castle Hill. The move is part of Bedshed’s
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Rest, one of Australia’s premier profit-to-member superannuation funds and a key ally of Link, has entered into a trial partnership with workplace compliance solutions provider Wrkr (ASX: WRK). The collaboration aims to test various innovative solutions that could reshape the landscape of superannuation administration. Rest manages about $75 billion in funds with nearly two million
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Biotech company Argenica Therapeutics Limited (ASX: AGN), which is developing novel therapeutics to reduce brain tissue death after stroke, has completed the production of its neuroprotective peptide candidate ARG-007 in powder form. The Company is gearing up for its Phase 2 clinical trials, and the final manufacturing of the sterile drug product in vials is
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Video game developer PlaySide Studios (ASX: PLY), the studio behind popular games like “Dumb Ways to Die” and “Age of Darkness: Final Stand”, has signed a multi-game license deal with Warner Bros. Interactive Entertainment, a subsidiary of Warner Bros. Discovery, Inc. The agreement grants PlaySide access to a well-known intellectual property, allowing the development of
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Following a product training session conducted by asset integrity management solution SRJ Technologies (ASX: SRJ) with Baker Hughes’ global engineering team, the latter has announced a commitment to procure SRJ’s BoltEx® flange clamps. SRJ, a specialised provider of engineering services and containment management solutions, disclosed that Baker Hughes’ initial order amounted to an impressive $231,000.
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The farming industry tests many of your abilities beyond the act of farming itself—there’s marketing, distribution, and even disease management. Between September 26 and 30, 2023, the Sydney Rock Oyster producer and supplier East 33’s (ASX: E33) Wallis Lake operations were plagued (literally and fiscally) with ill oysters. Consequently, the Wallis Lake operations, along with
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Manufacturing tech company Titomic (ASX: TTT) has entered into a strategic partnership with Stärke Advanced Manufacturing Group, a global player in advanced manufacturing based in South Australia, to cater to clients in high-performance sectors. The collaboration aims to leverage the advanced manufacturing capabilities of both companies, combining Titomic’s technological skillset with Stärke’s industry connections and
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Bike cameras and accessories company Cycliq (ASX: CYQ) won big in November as a result of its Black Friday ad campaigns, offering 30% off storewide. The Company reported earning $1.2 million in Gross Revenue. At the same time, it saw successful sales of the Cycliq Fly 12 Sport safety camera. This year’s Black Friday campaigns
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Big techs have been spending billions on cybersecurity, ramping up investments in 2021 when cyber crimes picked up pace. Growing cybercrime has not only weighed heavily on companies’ wallets but has also reduced users’ trust, especially when it comes to social media apps where people hold some of their most private information. In line with
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After implementing some strategic and leadership changes, human resources Software-as-a-Service (SaaS) provider Schrole Group (ASX: SCL) saw increased sales in November 2023 in its software and training divisions and ongoing improvement in software renewal rates. As per the Company, this marks its highest November sales, totaling $1.2 million, reflecting a 17% increase compared to the
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When debt goes unpaid for too long, even banks and major financial institutions need to get some help on board. That’s when financial services like Pioneer (ASX: PNC) come to the fore, promising to recover that debt while keeping customers’ financial needs in mind. Australian debt recovery specialist Pioneer has acquired a Debt Portfolio from
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In 2023, cancer is responsible for about three in 10 deaths across Australia. And among women, breast cancer remains the most commonly diagnosed. Over two million women worldwide are diagnosed with breast cancer annually, and approximately 20% of them are diagnosed with HER2+ (human epidermal growth factor receptor 2) breast cancer. The growing ageing population
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After ousting Anthony Nantes as CEO in August 2023 (and subsequently seeing John Nantes depart as Chairman), consumer lending company Wisr (ASX: WZR) has been on a cost management journey, trying to regain shareholders’ faith. In the face of its declining loan book balance and revenue, the Company has established the pricing for its fourth
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After gaining US FDA approval in September 2023, nuclear medicine company Cyclopharm (ASX: CYC) has made an official entry into the country with the signing of its inaugural commercial contract for Technegas in the United States with Duke University Hospital the first institution to enter into a formal agreement to use Technegas. Technegas, an imaging
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Precision microbiome company Microba (ASX: MAP) and the US-based F&B company International Flavors & Fragrances (IFF) have entered the second phase of their joint research initiative, aiming to develop novel microbiome-based treatments for various allergies. The collaboration, a strategic move within the bioscience and health sectors, signals a step forward in addressing the need for
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After becoming a member of the US CLAWS hub in October 2023, semiconductor developer BluGlass (ASX: BLG) has signed its first contract: a $2.6 million (US$1.775m) contract with North Carolina State University (NCSU) to develop lasers in FY24. As part of its contract for FY24, BluGlass is working on single-frequency DFB (Distributed-feedback) lasers and progressing
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In the midst of a debt dispute with a major lender, Australian security technology company Electro Optic Systems (ASX: EOS), which operates in the defence and space sectors, has announced a robust revenue projection for the calendar year 2023. The Company anticipates its revenue to range between $210 million and $230 million for CY23. This
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HealthTech company Advanced Health Intelligence (ASX: AHI) is set to launch a medically-approved mobile phone-based atrial fibrillation (AF) assessment in Q2 CY24 in collaboration with Belgium-based Qompium NV, a company specialising in mobile scanning tech. Globally, there are about 60 million cases of atrial fibrillation (AF), which is a form of arrhythmia involving irregular heartbeat.
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Over the years, the Australian cannabis market has consistently posted revenue growth and is expected to be valued at $1.1 billion by 2028. Both Aussies and Europeans are big consumers of cannabis, making them attractive markets for medical cannabis companies like Little Green Pharma (ASX: LGP). Little Green Pharma posted a 37% revenue spike to
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National power and communications infrastructure provider GenusPlus (ASX: GNP) has secured three contracts in collaboration with Samsung C&T Corporation. These contracts with the Melbourne Renewable Energy Hub (MREH) include the engineering, procurement, construction, and commissioning of the Balance of Plant scope (i.e. the supporting components of a power plant), as well as the installation of
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Hands-free or not, if you’ve been using your smartphone while driving, you’re putting your life in danger. Studies have found that drivers glued to their phones are ten times more likely to crash. Besides that, in NSW, you can be fined anywhere between $387 and $514 (if in a school zone) for using your phone
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Implementing a strategy upgrade after two fiscal years of negative free cash flow, fleet management company EROAD (ASX: ERD) is joining the artificial intelligence bandwagon. As of the first half of FY24, i.e. six months ending September 30, 2023, the Company has partnered with tech giant Microsoft to develop a Generative AI product aimed at
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FinTech lender Plenti Group (ASX: PLT) and National Australia Bank (NAB) have teamed up to launch a “NAB powered by Plenti” car and electric vehicle (EV) loan, thus making Plenti renewable energy finance available to NAB customers. With 38% of Aussies now considering sustainability actively in their purchase decisions, loans like these are well-timed, helping
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Online bike marketplace BikeExchange (ASX: BEX) has successfully launched its AI Consumer Marketplace Platform in Germany, achieving a record-breaking Black Friday with €322k (A$534k) in sales—20% higher than the previous year. The platform, set to expand to six more key markets, improves customer experience, simplifying the bike hunting and buying process. The platform’s uptake is
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The thing about most trends is that they are fleeting: ripped jeans, polka-dotted shirts and such. COVID-19 gave birth to many more: Dalgona coffee, TikTok dances, inflation and the consequential e-commerce boom and bust. Since mid-2022, Australia has seen e-commerce sales decline due to inflation; however, that hasn’t compelled online retailers like Adore Beauty (ASX:
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The Australian bird Emu is known for many things—for instance, it’s not a commitment kind of bird, with its relationships typically lasting for only about five months. Even so, Emus set a great example for couples in post-pregnancy, as the male and female Emus share the load after an egg is hatched, with the male
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Renewable energy might soon gain a new player, with graphene tech company Sparc Technologies (ASX: SPN) wrapping up prototype testing for its solar reactor, Sparc Hydrogen. The product can split water using sunlight and a photocatalyst, saving time, cost and energy. Sparc Hydrogen is a joint venture between the University of Adelaide (28%), Fortescue (20%)
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The rising cost of living has come for all our throats—furniture and manchester store Adairs (ASX: ADH) is no exception. The Company, like many others, has felt the pinch as higher interest rates and increased living expenses contributed to a notable decrease in foot traffic. To combat that, the Company’s mission has been to ensure
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Injecting some much-needed cash into the business, Aussie sports and entertainment agency Sports Entertainment Group (ASX: SEG) has entered a non-binding agreement between its wholly owned subsidiary Sports Entertainment Network NZ (SEN NZ) and TAB New Zealand. TAB will acquire SEN NZ’s digital and audio businesses, including the SENZ brand, app and website, and its
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After reaffirming its FY24 guidance of becoming cash flow positive across multiple reports, the online travel aggregator Jayride (ASX: JAY) is revising the narrative. The Company, dealing with declining profit margins and lower net revenue per trip, is no longer expecting to be cash flow positive. What’s more, it is looking for a buyer to
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In August 2021, media services company Aspermont (ASX: ASP) co-founded a FinTech startup, Blue Horseshoe Ventures, that was set to democratise and revolutionise the investment space. The same digital capital-raising platform has since entered voluntary administration and been returned to its directors. On August 17, 2023, the Company said Blue Horseshoe Ventures had entered voluntary
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Post-Covid travel coupled with increasing prices has created a bittersweet cocktail for online travel agency Webjet (ASX: WEB), which saw bookings rise but still remain lower than pre-Covid levels. Webjet’s international bookings grew even as it battled inflationary pressures and reduced discretionary spending. The Company’s international flights market share grew 24% compared to H1 FY23,
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After a particularly tumultuous FY23—ending with $0 in cash equivalents and a resulting ASX suspension, the engagement and loyalty management platform My Rewards International (ASX: MRI) has entered into a $1 million loan agreement with promotional intelligence company iGoDirect Group. This loan is expected to support the Company for the medium term. It is critical
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For the first twenty weeks of FY24, Aussie fashion retail company Universal Stores (ASX: UNI) has had to place its focus on promotions and discounts to cater to increasingly price-conscious consumers. Universal saw a spending decline in the regional areas of eastern Australia, contrasting with the more robust performance in metropolitan and CBD locations. In
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The US Food and Drug Administration (FDA) has given the green light to respiratory imaging technology company 4DMedical (ASX: 4DX) for its CT-based lung ventilation analysis product (CT LVAS™). This FDA clearance will allow 4DMedical to leverage the US’s available CT hardware and boost its presence in the region. The FDA clearance follows the rollout
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Questions regarding reliability, transparency and scalability came to the fore after the multi-asset exchange company Australian Stock Exchange (ASX: ASX) decided to replace its 25-year-old clearing and settlements system CHESS with blockchain tech in 2016. To do so, the ASX brought on the New York-based tech startup Digital Asset. However, after multiple delays and issues,
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In what might be construed as a slow takeover bid, asset finance broking group COG Financial Services Limited (ASX: COG) has acquired 19.99% of diversified financial services company Centrepoint Alliance (ASX: CAF) for a consideration of $13 million. COG has utilised cash and debt to fund the acquisition. The approximately 39.56 million shares were bought
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AEM’s newly launched Forest Service radio, the MTP136D, is flying off the shelves, as the electronics manufacturer Structural Monitoring Systems (ASX: SMN) subsidiary signed a contract with a Canadian-based helicopter provider within a month of its launch. The contract has been signed with Yellowhead Helicopters, based in British Columbia and Alberta. For over fifty years,
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Two hundred years ago, the cattle farming company Australian Agricultural Company (ASX: AAC) was set up to produce wool, tobacco, flax and more until it transitioned to cattle breeding. While its problems then had to do with the quality of land; now, it is part of the modern zeitgeist, having to bear massive inflationary pressures.
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Authentication and consumer engagement solutions creator YPB Group (ASX: YPB) has signed a three-year Master Service Agreement (MSA) with Addera, a Peru-based packaging company with clients in the country’s rice industry. Rice is a significant industry in Peru, accounting for 12% of agricultural production by value. Come 2026, the South American country is expected to
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A 2023 McKinsey report shed light on research wherein one company with 5,000 customer service agents saw its issue resolution improve by 14% an hour, time spent reduce by 9%, and requests to speak to a manager decline by 25%—and it’s all thanks to generative AI. According to McKinsey, USD $4.4 trillion of value that
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No more under-the-table deals, greasing palms, and paying more than you should, only to discover later that you got duped and were embarrassed to do anything about it. PropTech company Openn (ASX: OPN), through its private treaty platform Openn Offers, is attempting to enable fair market exchange between property buyers and sellers. In doing so,
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A streamlined portfolio, new leadership, and layoffs—Aussie health, wellness and beauty products brand McPherson’s (ASX: MCP), the brand behind Manicare, Lady Jayne and Fusion Health, has begun damage control after its FY23 financials painted a worrying picture for shareholders. The Company’s new strategy will focus on its higher margin and higher growth categories where McPherson’s
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Covid-19 reimagined the world’s approach to healthcare. While it put excessive strain on healthcare employees, it urged companies and governments to think outside the box and develop a more sustainable system for the post-pandemic world. Of course, that looked different for everyone. For countries like Estonia and the US, it entailed boosting telehealth services. For
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After months of investing in new products and signing new contracts, sports performance analytics company Catapult (ASX: CAT) has scored big. For the first time since September 2021, the Company has generated positive free cash flow amounting to $2.2 million. And that is just scratching the surface. Catapult’s total revenue grew to $77 million, up
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As of early 2023, over three million Aussies aged 14 and above were found to either smoke or vape. With a greater number of teens and young Aussies taking up vaping, it has created a massive potential market for cannabis cultivators and manufacturers like ECS Botanics (ASX: ECS). ECS is launching a range of GMP-certified
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Make passengers stand long enough in a queue, and you will eventually face their wrath. This is especially true at airports, where concerns about missing a flight take precedence (sometimes even over civility). As artificial intelligence (AI) grows, it can be helpful in analysing passenger data, helping you optimise how long it takes for them
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According to UBS, 3.16 billion people cannot reach a healthcare facility by foot within an hour, with many battling with poverty and inaccessibility to resources. But what if people didn’t have to delay? What if they could use a microchip to diagnose, monitor and upload their data, which a doctor could digitally survey? That’s the
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The average Australian’s home-owning dream is all but out of reach, with rising interest rates being dubbed more persistent than ever. Home values are increasing, as are financial pressures. For property and real estate companies like REA Group (ASX: REA), this has meant dwindling consumer confidence. In Q1 FY24, REA saw a modest 1% increase
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Financial services company Centrepoint Alliance Limited (ASX: CAF) is set to acquire Brisbane-based financial advice firm Financial Advice Matters (FAM). The $10 million acquisition of FAM is forecasted to add significant revenue to Centrepoint, expand its team of salaried financial advisers to 19, and create a financial advice group with the scale to expand in
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From JW Marriott’s Gold Coast Spa to Curtin University’s computer lab, Sydney-based national fit-out and construction services specialist SHAPE Australia (ASX: SHA) has worked on about 7,000 projects raking in $9 billion. In keeping with that, the Company has kicked off FY24 strongly, with more project wins across its core business and three growth and
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In May 2023, diversified digital health company Vitura Health (ASX: VIT) announced a joint venture with Canadian psychedelic company PharmAla Biotech, giving birth to its Melbourne-based psychedelics arm, Cortexa. Providing an update on the 50-50 venture, the Company has noted an “Australian first” win. Its MDMA bulk GMP (good manufacturing practice) Active Pharmaceutical Ingredient (API)
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Aussie CleanTech company Parkway Corporate (ASX: PWN) and Australian clean energy development firm Energy Estate have entered into a strategic partnership to advance sustainability initiatives in regional Queensland. The partnership seeks to leverage the strengths of both organisations to address several vital opportunities. Key focus areas include renewable energy, green chemicals, and waste disposal, with
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This is no wee bit of news; it’s a major milestone for Aussie semiconductor company Weebit Nano (ASX: WBT). The Company, known for developing advanced memory technologies for the global semiconductor industry, has received its first IP licensing revenue worth $153,536 (US$100k) for its embedded Resistive Random-Access Memory (ReRAM) technology. Though this revenue is small,
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Data is everything. Today, consumer data rules the roost, driving business decisions and platform updates. And how do you get this data? One way is through the Pureprofile platform (ASX: PPL). Pureprofile is a data, insights and advertising company focusing on getting consumer surveys and helping ad agencies. In Q1 FY24, the Company saw its
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A semiconductor company with a quantum computing and medical diagnostics focus, Archer Materials Limited (ASX: AXE), has announced a notable development in its advanced Biochip graphene field effect transistor (gFET) technology. Archer has successfully demonstrated multiplexing readout capabilities for its Biochip, i.e. they have shown the device can make sense of multiple liquid samples arriving
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HealthTech company Austco Healthcare (ASX: AHC) has locked in a $3.8 million contract to update the Tacera Nurse Call system at Ng Teng Fong General Hospital (NTFGH), a 700-bed facility, and Jurong Community Hospital (JCH), a 400-bed facility, both part of the Jurong Health Campus. The upgraded Care Communications System will introduce updates to elevate
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Following its 10-year-long contract win with the State Bank of India (SBI) starting September 2024, digital payment and financial services provider Findi Limited (ASX: FND) has extended its current outsourcing agreement till the new one kicks in. The extended SBI contract is expected to deliver $27 to $29 million in revenue and $9 to $10
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In March 2022, London-based insurance broker Tysers came under the scanner of the US and UK authorities. A few insurance brokers, including Tysers, were accused of bribing Ecuador’s government officials to secure clients. As Tysers dealt with the investigation, in May 2022, Aussie insurance brokers AUB Group (ASX: AUB) acquired it for $880 million. As
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After struggling with cash and being suspended from the ASX, Range International (ASX: RAN), the manufacturer of Re>Pal ‘zero-waste’ plastic pallets, has reported its Q3 2023 results, achieving its second-highest quarterly sales revenue. The impact of the US currency exchange rate was evident in Re>Pal Indonesia’s Q3 2023 sales revenues, which, at $802.1k, fell below
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With its cash reserves dwindling, digital health company Advanced Health Intelligence (ASX: AHI) is having to make a strong case for itself among shareholders. One of its bigger moves is the US FDA submission of July 2023. The purpose of an FDA Section 513(g) submission is to obtain clarification on the regulatory pathway for a
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The global healthcare workforce is set to experience a squeeze, as the WHO estimates 10 million fewer workers by 2030. Lack of funding, disproportionate migration and low wages are just some of the reasons. This is a worrying picture, especially following the Covid-19 pandemic. One company working towards remedying this is the global EdTech provider
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After a brief ASX suspension for not reporting its financials on time and incurring a loss of nearly $12 million in FY23, software company Netlinkz (ASX: NET) is looking to alter its course in FY24. In Q1 FY24, the Company, which develops intelligent networking solutions, reported revenue of $6 million, marking a 34% uptick on
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By 2027, Australia’s beer market is set to be worth $25.11 billion, but with growing competition, it’s not enough to just sell great beer; companies must now sell an experience. That’s why Australian brewing company Good Drinks Australia (ASX: GDA) has left behind its pokies days to focus on more beer. In Q1 FY24, the
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Aussies and discretionary spending have a love-hate relationship right now. Treating yourself to something nice can temporarily relieve the stress of ongoing financial pressures, but it’s often accompanied by a hint of guilt. Rising costs have hurt both consumers and businesses as they try to focus on strategies to stay afloat. For online beauty retailer
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After suffering some major financial blows in FY23, Data-as-a-Service (DaaS) company Pointerra (ASX: 3DP) is offering some relief for shareholders. The Company has signed three agreements, with Enel Colombia, Emesent and Carbonix, for its data tech. However, the contract value of only one of these is known, leaving investors wondering how these will impact revenue
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In any industry, there is more than one way to get ahead. One, of course, is doing your job and doing it better than anyone else. Another is destroying the competitors’ image so you are the only reliable option left standing. The latter is the approach Australia-Asia food trade specialist JATCorp (ASX: JAT)’s Chinese competitor
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As of 2023, over 400,000 Australians live with dementia, with over a million people assigned to their care. It is the second leading cause of death in the country overall and the leading cause of death in women. What’s worse, Australia’s growing ageing population makes this statistic all the more worrying. In a bid to
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Early education provider G8 Education (ASX: GEM) has signed a conditional agreement to sell 31 centres to TAK Operations, part of the private national childcare provider Genius Education Group. What’s more, G8 will pay $26.5 million to Genius, comprising transaction costs and adjustments, with the funds to be allocated across its 31 centres. The 31
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You’ve probably heard the Dumb Ways to Die audio while scrolling on Instagram or TikTok, but did you know where it’s from? The Melbourne rail campaign, Dumb Ways to Die—the franchise which has been under Aussie video game developer PlaySide Studios (ASX: PLY) for about two years now. Besides that, the studio has a broad
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Even after its cost-cutting initiatives proved helpful, tutoring firm Cluey (ASX: CLU) has been dealing with setbacks in the face of reduced household budgets. The Company reported a 17% decline in revenue, with earnings taking a hit. In Q1 FY24, the EdTech company made notable improvements in its financial performance in other areas. The Company
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While most companies create grand plans to enter the US, online wagering company PointsBet (ASX: PBH) is glad to wash its hand off its American arm since selling it off to Fanatics Betting and Gaming in August 2023. With the first installment of $275.4 million being received, PointsBet is finally focusing on its Australian and
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Baby formula and food company Bubs Australia (ASX: BUB) spent a large part of FY23 undertaking reputation management as its dirty laundry was hung for the world to see. Boardroom disputes, miffed shareholders, lawsuits, and a CEO ousting—the Company had to work in overdrive to maintain shareholder confidence. The impact of its decisions can be
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Cash Converters (ASX: CCV) is like that great friend who lends you money (few questions asked) and gives you their hand-me-downs and takes things you no longer want. As a bonus, Cash Converters gives you money for taking things you no longer want. With more interest rate hikes anticipated and people reeling under financial stress,
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In November 2022, Software-as-a-service (SaaS) communications workflow platform Whispir Limited (ASX: WSP) laid off 30% of its staff, saving millions of dollars and sending its share price soaring by 40%. However, that didn’t entail disembarking from its cost-cutting train. Whispir is continuing to consider avenues for savings, and as it does so, its CEO has
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While shows like Indian Matchmaking and Bachelor in Paradise might make you chuckle, there is no denying the reality they are rooted in. Many singles, struggling to find a partner using their own devices, turn to professionals to make their romantic dreams come true. By 2026, the global matchmaking industry is set to be worth
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In July 2020, software company Future First Technologies (ASX: FFT) invested $2.5 million in shares in tailored payment solutions company 1derful, gaining an 8.8% equity stake in the company. Come 2021, it invested a further $1.25 million. Now, the Company’s stake hangs in the balance as it has received word that 1derful has been placed
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In Australia, the commercial cleaning services industry boasts a $2.2 billion market valuation, with its size having grown 2.5% per year on average between 2017 and 2022. Lucrative as it may sound, the pandemic did little to boost the industry. A tight labour market, supply chain issues and Covid-induced shutdowns proved a difficult time for
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Bringing pharmaceutical weed to telehealth, medical cannabis company Vitura Health (ASX: VIT) has decided to acquire telehealth company Doctors on Demand for an aggregate consideration of $25 million. This deal includes an upfront cash payment, a deferred cash component, and an equity stake. The acquisition marks Vitura’s leap into new healthcare verticals, including urgent care,
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IT and audiovisual company SKS Technologies (ASX: SKS) has recorded a positive first quarter for FY24, achieving cash receipts from customers of $26.83 million, marking a 15.4% increase on Q4 FY23 and a 2.7% increase on the previous corresponding period, which collected cash receipts of $26.12 million. During the quarter, SKS Technologies obtained several major
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You’ve probably heard about the scarcity bias—the more challenging something is to acquire, the more valuable it is, and the more we want it. Premium foods and wild-caught fishery company Rare Foods Australia (ASX: RFA) caters to that bias with ocean floor-matured wine and abalones (typically priced at about $60 per kg at fish markets).
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For the second time this year, pharma company AFT Pharmaceuticals (ASX: AFP) has bagged the US Food and Drug Administration’s (FDA) approval. In March 2023, it was approved for Maxigesic Rapid, a rapid-release tablet for acute pain. This time, it’s for Maxigesic IV, the intravenous form of its patented pain relief medicine. The approval was
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HealthTech company focused on early detection of breast cancer, Volpara Health (ASX: VHT), has reported a fourth consecutive positive net operating cash flow quarter. As a result, it does not have to submit quarterly ASX updates anymore. What’s better, the Company surpassed its initial guidance by a year and a half. For the quarter ended
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Parenting is no cakewalk. Over 30% of new Aussie parents worry about their child developing an internet addiction. What’s more, they find parenting all the more challenging if their child has complex issues. Melbourne-based medical device company TALi Digital (ASX: TD1) provides parents with virtual games, like Ready, Attention, Go (which won a Red Dot
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Tech development company Hazer (ASX: HZR) is advancing its presence in the clean energy sector with the Hazer Process. This proprietary process focuses on converting natural gas and methane feedstocks into hydrogen and advanced carbon materials, utilising iron ore as a pivotal catalyst. One significant indicator of Hazer’s progress in the low-cost, low-emission hydrogen technology
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Today, backup is everything. With data breaches and cyber attacks, every morsel of information is vulnerable. What’s more, while you may be backing up your information to Google Drive and OneDrive, even these cloud services require backup. After all, 84% of companies don’t back up their SaaS data in the US. That’s where global cloud
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There is a massive spotlight on high-growth industries like infrastructure, mining and construction, especially as immigration booms and property prices rise. For companies like industrial products distributor Coventry Group (ASX: CYG), this is the opportunity to milk the potential cash cow.
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In Australia, about 43% of people aged between 16 and 85 had experienced a mental disorder at some point as of 2023. Between 2021 and 2022, over 44 million mental health-related meds, largely anti-depressants, were dispensed. While traditional treatments are only about 20 to 30% effective in treating anxiety and depression, recreational cannabis company Melodiol
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Cement is responsible for about 8% of the world’s carbon emissions, more than the aviation industry. With climate change in focus, more and more businesses are undertaking ambitious carbon emission goals, allowing sustainable-first companies to broaden their client base.
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After witnessing a cash burn of $368k in the previous quarter, Cannabis-based pharmaceutical company Althea Group (ASX: AGH) has entered cash flow positivity from its operating activities in Q1 FY24, resulting in a net cash inflow of $35,000. This achievement can be attributed to the Company’s successful cost-cutting initiatives, which have begun to yield results.
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In April 2023, food and agriculture company Wide Open Agriculture (ASX: WOA) was suspended from the ASX after failing to prove its funding claims. What was supposed to be a nine-week hiatus has turned into a months-long suspension with no end in sight. However, that has not stopped the Company from pursuing commercial opportunities that
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As 3D printing grows, companies attempt to stand out with their iterations. In that vein, Perth-based industrial tech company Aurora Labs (ASX: A3D) has focused on developing faster and cheaper tech that can be used for big projects.
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Specialised tech company Swift Networks (ASX: SW1) is expanding its market presence with recent agreements in the aged care and mining sectors, totalling $1.6 million.
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Solar security and visual artificial intelligence (AI) solutions company, Spectur (ASX: SP3), has locked in a financial commitment, receiving an advanced payment of $614k from Southern Cross Protection (SXP), representing the full amount of the contract.
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Detect and defeat: that’s the new DroneShield (ASX: DRO) rally cry as it launches the DroneSentry-X Mk2, or the DroneSentry-X.
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Free money. It’s great when you can get it, especially if said money happens to be $2.5 million, which is the situation Streamplay Studio (ASX: SP8) finds themselves in.
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PANDAS and PANS are debilitating conditions characterised by distressing symptoms, ranging from rage to signs of obsessive compulsive disorder.
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American retail giant Walmart has increased its commitment to the global nutrition company Nutritional Growth Solutions Ltd (ASX: NGS) by awarding NGS an additional 55 stores for the placement of its new Healthy Heights product, Happy Tummies. This brings the total number of stores stocking Happy Tummies to 850, an increase of 55 stores from
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For over two years, China has dominated the global semiconductor chip supply, producing about 80% of it, with the US making just about 12%.
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Come 2025, the Agriculture Tech, or AgTech, market is set to be valued at $35.8 billion, more than double 2021’s $16.6 billion. Supply chain management, farming, monitoring—the opportunities for AgTech companies are endless.
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Security systems company Intelligent Monitoring Group (ASX: IMB) has struck a deal to acquire a new security business through its recently acquired subsidiary ADT Security Limited New Zealand.
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B2B pharmaceutical company and medical cannabis cultivator ECS Botanics (ASX: ECS) has secured an offtake agreement to supply medical cannabis dried flowers to Perth-based medical cannabis company MediCann Health over the next five years.
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Australian digital health company 1st Group’s (ASX: 1ST) telehealth subsidiary, Visionflex, has clinched a significant deal with the Western Australia Primary Health Alliance (WAPHA). This marks Visionflex’s second purchase order from WAPHA for an additional 75 Visionflex Clinical Telehealth Carts, valued at over $1.1 million. The initial order, placed in August 2023, consisted of the
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Advanced marine propulsion and stabilisation system developer VEEM (ASX: VEE) has signed an exclusive agreement with nautical engineering company Sharrow Engineering.
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Radiopharmaceutical company Cyclopharm (ASX: CYC) is set to begin commercial sales of its lung imaging device Technegas in the US, following the Food and Drug Administration’s (FDA) stamp of approval on September 30.
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According to the US Food and Drug Administration (FDA), Precision Medicine, or “personalised medicine”, is a new way of tailoring disease care by considering people’s unique genes, environments, and lifestyles. The goal is to give the right treatments at the right time.
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In 2023, pancreatic cancer transitioned from being a rare form to a common cancer in Australia—a troublesome statistic, seeing as it has very low survival rates of about 12%. The symptoms of pancreatic cancer are in advanced stages, making it difficult to treat.
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We have all but entered the silly season as people gear up for Black Friday, Cyber Monday, Christmas, Boxing Day and New Year’s Eve sales. They’ve got the seasonal bonuses and holidays to make the most of it. What’s more, these sales manage to perk up economies, with last year’s Black Friday sale generating record
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Traditional cannabis in the form of oil has had an absorption problem, making it less effective. But what if you blended it with starch, which boasts greater absorption without messing with the compound? Cannabis-focused drug development company Bod Science (ASX: BOD) undertook a study on the same, delivering some positive results. So positive, in fact,
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Nutritional ingredients producer Clover Corporation (ASX: CLV) witnessed a slight surge in its FY23 revenue, even as it battled growing inflation and falling demand, especially from China’s dwindling birth rates which hit a record low last year. Clover achieved an increase in revenue, reaching $79.9 million in FY23, up from FY22’s $70.7 million. However, this
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Sydney-based HR company focusing on wellness and mindfulness, Thrive Tribe Technologies (ASX: 1TT), has increased its shareholding in Daily Food, the brand behind Super Bites, the health snacks you might now find on Woolies’ shelves. Thrive Tribe has paid $132,000 to subscribe to additional shares to increase its shareholding from 37.5% to 54%. This boosted
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Commercial lighting solutions company FOS Capital (ASX: FOS) is set to expand its portfolio inking an agreement to purchase KLIK Systems, a Sydney-based linear lighting manufacturer. The acquisition will be financed using FOS’s available cash reserves and debt facilities. The transaction is on track to conclude within a span of two weeks. The purchase price
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Cloud-based workplace solutions provider Wrkr Ltd (ASX: WRK) has scored a significant deal to improve employer services for the Australian financial company Link Group. This includes helping with superannuation payments (clearing house) and employers’ process to contribute to superannuation (SuperStream Gateway), among other workplace compliance solutions. This contract builds upon a previous Master Services agreement
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Traditionally, underwriting for health insurance involves conducting blood tests and other examinations to understand how much insurers can afford. However, this process tends to be slow and costly, thus needing a better alternative. That’s where digital healthcare company Advanced Health Intelligence (ASX: AHI) comes in. The Company has entered a Letter of Intent (LOI) with
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Workplace management solutions company Damstra Holdings (ASX: DTC) has signed a three-year agreement plus two one-year options with Aussie coal producer New Hope Corporation. The three-year agreement has an estimated contract value of $1.2 million. New Hope will implement the Company’s new Enterprise Protection Platform (EPP). The EPP will cover New Hope’s employees and contractors
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A 2023 survey found that, in the coming years, water management will be a top environmental concern among mining investors, with decarbonisation following closely behind. Investors expect miners to make better decisions, and water solutions treatment company Clean TeQ (ASX: CNQ) wants to help miners do so. The Company has decided to acquire accelerated dewatering
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Step into IKEA, and you see trolleys filled to the brim with flat-packed items (there could be an entire home there). This flat pack enables a do-it-yourself building attitude, also making portability affordable. Now imagine if the same could extend to construction, where builders would just receive flat packed elements that they would need to
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Australian X-ray technology company Micro-X (ASX: MX1), known for its cold cathode X-ray technology used in health and security applications, has secured a Purchase Order worth $1.5 million from the Australian Government for its portable X-ray imaging tech Micro-X Rover systems. These Rover units are currently in stock and will go through final adjustments in
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This year, Australia is witnessing its warmest winter since 1910, with spring not expected to make things better. Rough times lie ahead not just for Aussies but also for brands whose USP is winter clothing, like Kathmandu. Seeing its first full financial year of uninterrupted trade since the pandemic, retail company KMD brands (ASX: KMD),
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Over 20,000 Aussies are diagnosed with breast cancer every year and is the most commonly diagnosed cancer among women in the country. Therefore, early detection is crucial, and medical imaging is a large part of it. Given that, medical imaging tech provider Optiscan Imaging (ASX: OIL) is conducting a Breast Cancer Intraoperative Assessment study. The
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In FY23, in the face of rising interest rates and inflation, property development and investment business Axiom Properties (ASX: AXI) decided to change tact. As companies embraced the artificial intelligence (AI) boom, Axiom got on board, setting its sights on PropTech. Globally, investments in PropTech grew from $23.9 billion in 2018 to $37.7 billion in
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Business management consultant SSH Group (ASX: SSH) has bagged major wins within its recruitment and workforce management division, boasting an addressable market of over $23.7 billion. The Company has secured new and renewed contracts in both the construction and government sectors, totaling over $5 million. Within construction, SSH Group Safety, a subsidiary within its Recruitment
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In 2022, the top five health problems plaguing the Australian population most were cancer, muscle and bone issues, heart diseases, mental health problems plus drug use disorders, and neurological conditions. Together, they made up about 62% of all health problems in the country. Clearly then, the neurological disease prevalence prevents a notable market opportunity—one which
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One in 15 Indian couples struggle with infertility, with the figure standing at one in six in Australia. IVF then becomes a viable option, with one in 20 Aussie couples opting for the procedure. Even so, with sperm deterioration over time, the IVF process becomes trickier. That’s where Felix comes in. Developed by Australian reproductive
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Department store chain Myer (ASX: MYR) has been in the business since 1900 and floated on the ASX in 2009. The Company has had a long journey, and in FY23 ending July 2023, the Company reported total sales of $3.36 billion, its highest since 2005. A milestone. The result includes the scale of its online
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Household cleaning products company Pental (ASX: PTL), the brand behind WhiteKing bleach and Jiffy firelighters, has decided to divest its Pental Consumer Products Business and manufacturing facility. Pental intends to sell its Consumer Products division (excluding Duracell and Bondi Soap) and the Shepparton manufacturing facility to Selleys, a division of chemical industry company DuluxGroup, for
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Nearly half of the world’s population is at risk of getting dengue, with cases expected to reach record highs this year. Sounding the alarm on its prevalence, the WHO dictates that there are about 100-400 million infections occurring each year. And global warming is to blame, creating a thriving environment for mosquitoes. Dengue fever’s presence
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You’ve probably heard of the burger joint Jack-in-the-box, now meet its older and more advanced (and rather unrelated) sibling: Drone-in-a-Box by RocketDNA (ASX: RKT). The drone automation company’s ‘drone-in-a-box’ (comprising a drone inside a big box) can now operate in South Africa after receiving approval from the South African Civil Aviation Authority (SACAA) for Remote
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In 2020, robotic tech company FBR’s (ASX: FBR) home building robot Hadrian X built house walls. In 2022, it upgraded to laying up to 500 blocks per hour. Come 2023, it has successfully built an outdoor structure while being operated by a tablet. This (hopefully) marks the final stage in its testing before Hadrian X
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Real-time, wireless communication tech company Etherstack (ASX: ESK) has signed an agreement with telco company Telstra for the trial and evaluation of Etherstack’s innovative Mission Critical (MCX) 3GPP standards compliant Interworking Function (MCX IWF). Basically, it’s a technology that ensures communications work seamlessly and reliably with different systems during emergencies and for public safety. This
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IT services company Atturra (ASX: ATA) has locked in an acquisition agreement for rival Cirrus Networks (ASX: CRN) for a total consideration of $37 million in cash plus additional shares. This transaction is poised to have a significant impact on the Australian IT services landscape, consolidating the position of Atturra as a leading player in
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Today, data is everything. In an era where information reigns supreme, businesses seek innovative ways to harness its power and gain a competitive edge. B2B media services provider Aspermont (ASX: ASP) has recognised this imperative and launched SCOUT, an Intent Data service, to help companies identify and understand new customer purchasing intentions. SCOUT will use
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A blue chip denotes the cream of the crop—the most put-together, high-quality company or share. So one can only imagine that naming your company Bluechiip would entail high expectations. And high pressure. Two years ago, advanced sampling management company Bluechiip (ASX: BCT) announced that it would directly market its Bluechiip-Enabled products to end-users, concentrating especially
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Advisory and tech services company Atturra (ASX: ATA) is making headway into regional Australia, with its subsidiary Atturra Holdings acquiring Newcastle-based IT company Sabervox via a Share Purchase Agreement (SPA). As per the SPA, the acquisition will demand an upfront payment of $4 million in cash and $1 million worth of ATA shares. The deal
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In the Asian market, electric vehicles are set to see massive growth, with revenue projected to reach $671 billion by 2028. Going further left, in South America, the revenue is set to grow to $3.45 billion. Rest assured, as demand grows, it helps to have an early mover advantage. It’s just one of the reasons
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Wave energy tech developer Carnegie Clean Energy (ASX: CCE) has been selected to receive a $6.3 million contract as part of the competitive EuropeWave Pre-Commercial Procurement (PCP) programme. The Phase 3 EuropeWave contract will engage ’s wholly-owned subsidiary CETO Wave Energy Ireland (CWEI) to build and operate a CETO wave energy converter at a European
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Human resources (HR) Software-as-a-Service (SaaS) provider Schrole (ASX: SCL) has had a better August than some, as its portfolio expanded beyond schools, appealing to mining companies looking to train new recruits. It’s no wonder then that Schrole Develop, its training division, has been doing well, with sales for August 2023 at $200,000, up 34% on
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Imagine a world where the conveniences of smartphones, microwaves, social media platforms like Facebook and Instagram, online booking systems, precise navigation with Google Maps, contactless payments, and seamless phone calls cease to exist. If this scenario seems unsettling, you’re not alone. Our lives are intricately intertwined with the digital realm, and this interconnectedness hinges on
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In 2020, water treatment company Phoslock Environmental Technologies (ASX: PET) came under the scanner for accounting irregularities and fraud in its China division. Subsequently, the Company’s financials suffered and it also lost some staff in China. Three years later, PET’s China management team has been restructured to reduce costs and focus resources on revenue-generating activity.
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In 2023, the emerging cancer diagnostics market is estimated to be valued at over $23 billion. Everything is fair game in “finding a cure to cancer”—be it potentially using blood drops or narrowing in on exosomes, which are tiny structures our cells produce to transfer messages, proteins, lipids, the good stuff. These structures might also
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In FY23, pharmaceutical company Mayne Pharma (ASX: MYX) reimagined its business to focus on dermatology and other core businesses. In line with that, the Company has entered into an asset purchase agreement to acquire the global rights to the rosacea treatment RHOFADE (oxymetazoline hydrochloride) cream from medical dermatology companies Novan and its subsidiary EPI Health.
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Financial compliance consulting business Complii (ASX: CF1) is set to acquire financial services company MIntegrity to expand its regtech offerings and client base. This follows Complii’s acquisition of online share registry Registry Direct in August 2022. As part of the acquisition, the Company has gained control of all of MIntegrity’s assets, including the MIntegrity brand,
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Call recording and voice intelligence software Dubber (ASX: DUB), boasting major clients like Telstra, Microsoft, Cisco and Optus, is pushing its AI tech and knowledge to recover from its intense cash burn in FY23. Pointing to its wins, the Company mentioned that Dubber’s platform was now a part of Telstra and Optus networks. By the
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Having widened its losses in FY23, wagering company PointsBet Holdings (ASX: PBH) has decided to let go of its US divisions, selling them to US-based Fanatics Betting and Gaming (FBG) for $333 million. The Company has received $270.10 million (along with agreed-upon adjustments) as the first payment out of the total purchase amount of $333
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Need some extra cash or extra assistance? Sites like online marketplace Airtasker (ASX: ART) make it possible. After suffering a slew of losses in FY22, the Company had to make some drastic moves to get back on track, and it appears to be working. Airtasker Group posted revenue growth of 40.4% on FY22 to $44.2
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After scaling back investments in France and pulling the plug on its China trials, Aussie emergency medical solutions company Medical Developments International (ASX: MVP) has a renewed focus, one that helped it reduce its losses from $12.4 million in FY22 to $5.6 million in FY23. The earnings report showed a net gain of $10.3 million
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Risk management services provider Ava Risk’s (ASX: AVA) new Aura Ai-X fibre optic sensing technology has been selected to protect a critical group of European Airports. Valued at about $800k, the contracts are for Satu Mare and Sibiu Airports in Romania and another Western European hub. As per the agreement, the Company will supply detection
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Recent labour shortages despite migrant boom in Australia has compelled companies to review their hiring strategies, putting a spotlight on skilled workers and meeting them halfway. In July 2023, as full-time employment decreased by over 24,000, part-time employment saw gains of 9,600. To find the right employees, labour hiring services like Ashley Services (ASX: ASH)
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There’s much to be said about creating a level-playing field, especially in education. Giving access to everybody is no longer enough—or perhaps never has been; the game was always about equity. Treating every student’s needs differently and with equal importance. That’s why tutoring has come into the spotlight, helping students who are falling behind get
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Aussie real estate has suffered on multiple fronts over the past year. Rising interest rates, inflation, labour shortages, lack of materials (plus the high costs) and unfavourable weather gave birth to a rather bitter financial cocktail for companies, like home building company Simonds Group (ASX: SIO). In FY23, its revenue saw a minor uptick of
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Over the past decade, the number of Australians suffering from a gambling problem has doubled. As of 2023, about 40% of Australians gamble weekly, spending an average of $109 a day on pokies, lotteries, machines and wagering. Aussies lose more than $25 billion per year on legal forms of gambling, making up the largest per
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Spatial data service provider Veris (ASX: VRS) spent a large part of FY23 investing in its growth. It spent on new technologies and developed a suite of innovative solutions and services. Plus, it focused on key national clients as part of its Key Account Management program, resulting in a rise in Veris’ growth. Its initiatives
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Sitting snug among companies with the largest market caps, from Apple to Amazon, Alphabet and more, US-based AI computing company Nvidia (NASDAQ: NVDA) makes a strong case for the growth of semiconductor companies worldwide. In 2022, global semiconductor sales reached US$963 billion, marking an increase of over 30% in just two years. And it is
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In the ongoing economic environment, it’s difficult to find moments of peace and joy—of relaxation. Casting around for avenues of thrill, people have taken to theme parks as a way to make the most of this time. Thanks to that, Aussie leisure company Ardent Leisure (ASX: ALG), owning theme parks like Dreamworld and Whitewater World,
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Despite the ubiquitous BNPL decline, consumer lending group humm (ASX: HUM) appears to be taking the blow well. To begin with, the Company undertook a private placement in August 2023, providing $760.7 million in increased funding capacity for commercial growth. And thanks to its BNPL growth, the Company has proposed a fully franked final dividend
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After losing a branding battle in May this year, real estate company The Agency Group (ASX: AU1) has realised there’s little to worry about as it expanded its national market share significantly in FY23. The Agency achieved its fifth straight year of growth in the number of properties sold, although that growth was rather small—standing
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Once again, medical cannabis producer Vitura Health (ASX: VIT) has become the only ASX-listed company operating in the medicinal cannabis space to both generate a profit and declare a dividend since its ASX initiation in 2019. The Company will pay a dividend to shareholders in respect of FY23. The Dividend, which will be paid at
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It might seem difficult to believe that even financial advisers require advice. But in the ever-evolving tech world, everyone can use a little help. Centrepoint Alliance (ASX: CAF) is a diversified financial services company providing lending, technological, investment and advice solutions. It offers software and other resources that help financial advisers give better advice. In
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With real estate booming worldwide, many people are looking to property management as a profitable avenue for growth. As multiple people flock to share the management of a property, services like cloud software provider Urbanise (ASX: UBN) have come into the spotlight. Especially huge in Dubai, where occupancy reached 72% in 2022, the Company’s 2023
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Personal transport and digital payments company A2B Australia (ASX: A2B) is living out its comeback story after operations took a hit over the past two years. With the return of travelers, easing restrictions and digital payments boom, the Company is seeing its financials slowly return to pre-Covid levels. In FY23, its revenue increased by 17.7%
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Precious metal products manufacturer XRF Scientific (ASX: XRF) has unveiled its financial results for FY23, revealing substantial growth in several key financial indicators. The Company’s strategic positioning to meet the growing demand for precious metals, particularly within the mining and industrial sectors, has been central to its performance. XRF’s Managing Director, Vance Stazzonelli, commented, “FY23
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Despite a particularly testy real estate market, real estate agency McGrath (ASX: MEA) has reported a profit, albeit lower than its FY22 levels. Rounding up its FY23 results, McGrath revealed a statutory net profit after tax (NPAT) of $6.2 million. Its underlying EBITDA amounted to $6.1 million, and it ended the year with a decent
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After a brief brush with bleak financials and turbulent management—changing three CEOs in two years, music database company Jaxsta (ASX: JXT) appears to be making a comeback. It has entered into a significant partnership with the US-based Mechanical Licensing Collective (the MLC), a non-profit entity founded under the Music Modernization Act of 2018. This organisation
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American low carbon titanium manufacturer IperionX (ASX: IPX) has received an order with Maryland-based aerospace company Lockheed Martin for the delivery of titanium plate components produced using IperionX’s US manufactured titanium. In doing so, IperionX has the potential to create a more affordable and eco-friendly supply chain for titanium materials within the US. Titanium is
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In a landscape marked by rising interest rates, persistent inflation, and economic uncertainties, the Australian retail consumer sector has been navigating choppy waters. Even so, lighting equipment company Beacon Lighting (ASX: BLX) has achieved a sales result of $312 million compared to $304.3 million last year. But it wasn’t exempt from the broader consequences of
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Andrew Goodwin, who is currently the Chief Financial Officer at non-bank lender Wisr (ASX: WZR), has now taken on the position of Chief Executive Officer with immediate effect. This change comes after the Wisr Board decided to terminate the employment of the previous CEO, Anthony Nantes for undisclosed reasons. As part of the Board’s continuous
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Aussie airline operator Regional Express, or Rex (ASX: REX) has been re-awarded three regulated routes in Western Australia through a competitive tender process. The three regulated routes include Perth-Albany, Perth-Esperance and Perth-Carnarvon-Monkey Mia. The new contracts kick in on October 2, 2023 and last until July 2, 2028. This award by the WA State Government
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As companies look to become more tech forward, cloud-based software are becoming must-haves. Thanks to that, accounting, payroll and legal solutions company Reckon (ASX: RKN) has seen an uplift in subscription revenue and a return of the dividend payout to shareholders. Group revenue for H1 CY23 shot up by 4% to $28.2 million on H1
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In November 2021, the Queensland government installed high-tech artificial intelligence (AI)-enabled cameras across the region to curb irresponsible driving. Less than a year in, they raked in $100 million in fines, thanks to people caught using their phones while driving or not wearing their seatbelts. No doubt, there are fewer effective ways of making people
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As militaries up their tech capabilities, 3D printing is ruling the roost. In keeping with that, Aussie 3D printing company AML3D (ASX: AL3) has locked in a major contract extension with its patented Wire Additive Manufacturing (WAM) process. The Company is set to provide nickel-aluminum-bronze (NAB) alloy characterisation and strength testing services to support the
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Electronics retailer JB Hi-Fi (ASX: JBH) has reached a historic milestone that it probably won’t want people to remember. For the first time in a very long time, its profits have fallen, cementing that even offering the lowest prices does not make you immune from the recessionary climate. In FY23, the Company’s net profit amounted
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Australia’s housing market stands in the face of uncertainty. Heightened inflation, reduced supply and population growth has real estate investors, shareholders and citizens on the edge of their seats. Amid this, the property advertising firm REA Group (ASX: REA) observed a marginal 1% increase in revenue, reaching a total of $1.1 billion. There was a
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New parents want nothing but the best for their kid, and baby product companies make sure to capitalise on that sentiment. Usually, no price tag can deter a new parent. But with the ongoing pressure on people’s household incomes, the tag becomes a sour spot, urging them to look for affordable ways to ensure their
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Melbourne-based metal additive manufacturing company Titomic Limited (ASX: TTT) has secured an order for a tailor-made high pressure cold spray apparatus. This advanced system will be provided to the Integrated Manufacturing Technologies Research and Application Center at Sabanci University, located in Turkey. The agreement for the sale of this system to Sabanci University has been
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Ending FY23 on a high, Alliance Aviation Services (ASX: AQZ) has reported a statutory profit before tax of $52.2 million, up from a loss of $7.1 million in FY22. Plus, its total revenue from operations stands at $517.2 million, with underlying operating cash flow down to $55.9 million from $91.8 million. Its flight hours have
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Australia’s growing ageing population (older Aussies are expected to make up 23% of the population by 2026) is not free of health issues, ranging from obesity to cracking hips. This has benefitted some medical fields more than others. Over the past decade, there has been a 140% increase in knee replacement surgeries, shooting up to
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Can you spray away the common cold? Pharma company Firebrick Pharma (ASX: FRE) says yes. After completing two clinical trials, the Company has entered Phase 3 trials for its Nasodine Nasal Spray, which has enrolled 500 patients to trial the product. The primary objective of the study is to assess the effectiveness of Nasodine compared
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As software company Vection Technologies (ASX: VR1) strives to rule the roost on the digital fashion runway, it is enhancing its IntegratedXR suite of products through acquisitions. The most recent one is the acquisition of 3D fashion tech company, MYR Look Customiser. This follows the acquisition of Invrsion, another 3D tech company working in fashion,
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Health experts in Australia believe that around 12% of Australians will experience PTSD (post-traumatic stress disorder) at some point in their lives, and about 1.5% of the population, i.e. almost 390,000 people, currently have a PTSD diagnosis. Certain groups, like those in the defence force, military veterans, first responders, and some minority communities, are more
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For over seven years, Japan’s birth rate has been witnessing a decline. Its fertility rate has fallen below the rate required to maintain a population. Of course, the consequences are dire, ranging from a small labour force to vulnerable borders. The Japanese government has been investing in developing childcare packages to entice people into having
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Pumping equipment company Waterco (ASX: WAT) has inked a deal to purchase all of the shares in water solutions company Davey Water Products from GUD Holdings Limited. The acquisition is set to cost around $64.9 million, with some adjustments as per the terms of the SSA. Waterco plans to finance this acquisition through bank loans.
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In 2017, personal injury law firm Shine Lawyers (ASX: SHJ) ran two class actions against Johnson & Johnson Medical Pty Ltd and Ethicon on behalf of Aussie women who suffered devastating complications after receiving faulty vaginal mesh and tape implants (to prevent stress incontinence and support damaged tissue). It transformed into one of the largest
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As supply chain challenges ease, companies are finally being able to return to profitability. Tech distributor Dicker Data (ASX: DDR) is among them. In H1 2023, the Company reported strong revenue growth with unaudited revenue locking in at $1.6 billion, an increase of 9.4% on H1 CY22. The rise in revenue can be partially credited
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An on-site death, legal disputes and global ambitions—Saferoads’s (ASX: SRH) FY23 has been eventful, to say the least. Based on its latest unaudited accounts for FY23, the road safety solutions company has survived its crash test financially. The Company generated revenue (excluding government grants) of $14.66 million, marking a 19% increase compared to FY22. EBITDA
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Sure, the best perk for a shareholder would be getting a big bang for their buck. Little feels better than a major ROI, but it doesn’t hurt to give your shareholders that extra incentive to stay on board—especially if times get rough. In that spirit, gym and health club operator Viva Leisure (ASX: VVA) has
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After undertaking significant capital raising and promising about five-times its 2021 EBITDA, tertiary education company EDU Holdings (ASX: EDU) has decided to terminate its acquisition agreement with the Nurse Training Australia (NTA). The $6 million acquisition, initially disclosed on June 2, 2022, hinged on NTA obtaining reaccreditation for its Diploma of Nursing program from the
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In 2021, locals reported spotting a Yowie—a mythical Bigfoot-esque creature—in Queensland. Whether the hairy creature is real is uncertain, but what’s very real and tangible is confectionary company Yowie’s (ASX: YOW) ASX comeback with a massive portfolio. To begin with, Yowie has secured a sweet deal with the Australian Football League. As part of the
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Micro-investing app Raiz (ASX: RZI), which encourages users to invest small amounts regularly, is launching a new product feature—Raiz Plus. Raiz Custom portfolios will now be known as Raiz Plus portfolios, providing customers with the ability to add individual ASX stocks to portfolios for a bespoke investing experience. This lets users build fully personalised portfolios
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Diversified industrial hemp company Ecofibre’s (ASX: EOF) speciality manufacturing division, Hemp Black, has locked in a three-year supply relationship with global athletic apparel company Under Armour. The arrangement will involve the supply of a specialty yarn for apparel use. At full production, the Company expects to generate $9 million in annual revenue. The equipment commissioning
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Semiconductor company Archer Materials (ASX: AXE) has just hit a new milestone: an upgrade for its gFET (graphene field effect transistor) biochip design, aimed to enhance disease detection and control. This comes just a few weeks after it engaged with commercial foundry partners in Germany to begin a multi-project wafer run (an ‘MPW’) of the
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Do you often wish that payday would come faster so you could finally hit checkout on your figurative cart? We get it. And although that might be difficult to achieve, payday loans provide some relief. Lending fintech company Beforepay (ASX: B4P) gives Aussies access to their wages before the end of the month but with
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With Covid, many companies lost the very feature that set them apart (and that they invested significantly in). For experiential companies, customers being inside their stores was a necessity. So, while some successfully transitioned to eCommerce, others waited for business as usual to return. Retail company Mosaic (ASX: MOZ) was one such company. After acquiring
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In 2018, breast cancer was the second most common form of cancer diagnosed across Australia. And in 2022, there were over 20.6k new cases of breast cancer in the country. Like with most medical concerns, early detection is optimal to begin treatment and put dire consequences to rest. In case of breast cancer, breast cancer
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In the face of a challenging economic landscape and soaring living costs, the demand for electric vehicles in Europe witnessed a decline. The automotive industry, including electric motorcycle manufacturers like Vmoto (ASX: VMT) and sparing no automobile giants, experienced the impact of the recessionary environment. Vmoto’s sales in 2023 dropped by 14% compared to the
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Sports performance analytics company Catapult (ASX: CAT) has announced its impressive first-quarter results for the period ending June 2023, i.e. Q1 FY24, signaling a positive trajectory for its financial performance. The Q1 results not only met but also exceeded the Company’s expectations, hopefully helping it achieve Free Cash Flow positivity in FY24. As part of
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Shoot for the moon and you will land among the stars, or at the very least, you will contribute to existing space junk then go bankrupt—much to the agony of shareholders, especially the eco-conscious ones. This is the case with defence and space tech company Kleos (ASX: KSS), which has declared bankruptcy as loan facilities
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After launching its fleet hire business Tru Fleet in July 2022, Aussie construction and energy company SSH Group (ASX: SSH) is reaping the awards. Tru Fleet has reported a 121% EBITDA return on capital contribution, amounting to $1.57 million. Over the year, Tru Fleet reported a strong EBITDA growth of 57.6%, and during H2 FY23,
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Artificial intelligence (AI) and sustainability are the two buzzwords ruling the roost across the world at the moment. As companies race to cement an image of being tech forward and eco-conscious, partnerships have become crucial. IT service provider NEXION Group Ltd (ASX: NNG) has strengthened its partnership with IBM Australia Ltd (IBM) by entering into
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About 300 million people worldwide experience depression. Many symptoms underline their experience, with disturbed sleep being a common pattern. However, not enough research goes into unearthing if people with sleep disorders are suffering from more than just that. That’s where mental health tech company Medibio Limited (ASX: MEB) comes in. The Company has achieved a
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Over half of the world’s population is at risk from vector-borne diseases (those from mosquitoes, ticks, fleas and such), as per the World Health Organisation (WHO). Malaria claims 200 million victims yearly, with over 400,000 lives lost, mostly children under five. Zika virus emerges as a global health emergency, while Dengue Fever’s death toll has
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Cannabis is the most widely-used illicit drug worldwide; about 2.5% of the world, i.e. approximately 150 million people, consume cannabis, and Australia is among the top countries leading the trend. While it sounds the alarm on the concerning drug abuse problem, it also signals a profitable market for companies in the field. Cannabis-based medicine and
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Network services provider Service Stream (ASX: SSM)—specialising in building and maintaining wireless networks, roads, electrical lines and more—has won two new agreements, poised to generate approximately $340 million in revenue over their respective terms. The news comes as a significant boost for the Company amidst recent financial challenges. Managing Director, Leigh Mackender, commented, “As a
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It seems fewer people are putting a Michael Hill (ASX: MHJ) ring on it, as the retail company witnesses a decline in its sales and earning. The persisting inflationary environment has left people putting huge life events, like engagements, on the backburner till the wallet can weather this storm. Discretionary spending has declined, and balance
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“Officials from the corporate regulator arrived at the Nuix headquarters in Sydney searching for evidence that the company’s chief executive, Jonathan Rubinsztein, traded shares while possessing confidential information.” Wrong, said tech company Nuix (ASX: NXL), responding to a claim by the Australian Financial Review. For one, the regulators sent an email. Secondly, the investigation took
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After battling some climate woes and addressing the underperformance of some units, traffic management company AVADA (ASX: AVD) is powering through. In FY23, it has reported an increase in earnings, forecasting FY24 numbers to look up too. The Company’s earnings reached $15.8 million for the full year, with $8.7 million achieved in the second half
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The mounting pressures of rising costs, trade wars, and surging demand have taken a toll on Australia’s supply chain infrastructure, prompting businesses to reevaluate their strategies. In response to the supply chain crisis, civil construction and mining company NRW Holdings (ASX: NWH) has entered into a three-year contract with enterprise vendor management software provider Felix
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In 2021, Australian small and medium enterprises (SMEs) accounted for 68% of employment, adding significant value to the economy. However, these small businesses are often dealt from the bottom of the deck when it comes to cybersecurity. A report found that over 40% of cyber attacks target SMEs owing to their relatively poor infrastructure, and
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While many companies in Southeast Asia would be disappointed at the paucity of rain, marine and subsea solutions company MMA Offshore (ASX: MRM) is nothing but grateful. The Company forecasts that its Earnings before Interest Tax Depreciation and Amortisation (EBITDA) for FY23 will fall within the range of $66 to $68 million, reflecting a substantial
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Counterdrone solutions company DroneShield (ASX: DRO) has won a $33 million order from a US Government agency. The order comprises both DroneShield equipment and multi-year services. This significant contract follows a $9.9 million order disclosed earlier this month from another customer within the Five Eyes community. The Five Eyes Department of Defence (DoD) granted DroneShield
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Childcare business magnate Chris Scott sits atop a pretty fortune with his numerous childcare investments over the years. He has been on the scene, kind of in an artful Willy Wonka fashion, inviting children and their parents into his massive empire, which has been taking advantage of the increased Child Care Subsidy by the Australian
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That countries are upping their defence capabilities in light of growing volatility on military grounds is no longer hearsay. And at the forefront of these upgrades are tech companies like xReality Group (ASX: XRG), specialising in augmented reality, artificial intelligence and such. After all, winning a fight is no longer about who is the strongest
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Toys retailer Toys R Us (ASX: TOY) has not had a playful history in Australia, having collapsed once in 2018, closing over 40 stores and laying off hundreds of employees. Then, it made a calculated comeback the very next year with the support of Hobby Warehouse (one of its largest shareholders), and in 2021, it
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Wondering what to do with your end-of-life car tyres? Recycle them so that they can become biofuel. (Who says only electric vehicles can win the climate change battle?) A report by the World Business Council for Sustainable Development found that a billion end-of-life tyres are generated every year, with four billion having already found their
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Asset management software and services company COSOL (ASX: COS) has been selected to deliver Asset Management Services to OK Tedi Mining, the owner of one of the world’s largest copper and gold mines located in Papua New Guinea. Valued at $17 million, this three-year contract further solidifies the longstanding relationship between COSOL and OK Tedi
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A brief glance at software company 8common’s (ASX: 8CO) fourth quarter results will confirm that the Company has done a good deal of good, injecting some much-needed momentum into FY24. In Q4 FY23, the Company achieved a record total revenue of $2.9 million, marking an 87% increase on Q4 FY22. This growth can be attributed
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Drones-as-a-service (DaaS) provider RocketDNA Ltd (ASX: RKT) has secured a contract with South32 (ASX: S32), a global mining and metals company, to provide drone surveying services at two mine sites in South Africa. The contract, spanning a period of five years, has a Total Contract Value (TCV) of $1.180 million and an Annual Recurring Revenue
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As news of billionaire (and controversial) business magnate Elon Musk taking “microdoses of ketamine (a dissociative drug)” to manage depression started doing the rounds, a bunch of divisive arguments popped up—is that just an excuse to justify the use of drugs or is there some hidden potential there? Biotech company Emyria (ASX: EMD) makes a
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A bitter boardroom spat has left baby formula company Bubs Australia (ASX: BUB) scrambling to undertake serious damage control following a disappointing year, financially, and fruitless attempts at chasing debts created by previous management. In an attempt to calm shareholder unrest, the Company has presented its strategic review to start over. During the three-year period
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The onset of the Aussie winter screams one thing loud and clear: pack your bags and get ready for a European summer. The sentiment is understandable and even encourageable if you are a travel marketplace company, like Jayride (ASX: JAY). In Q4 FY23, passenger trips booked grew to a record 199,100, a 46% increase on
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How much do you hate it when someone bugs you while you’re sleeping? Now imagine that if instead of some “one”, it was a chronic health issue that kept you up and disturbed your sleep. 1 in 5 Australians suffer from a major sleep disorder. Restless legs syndrome, sleep apnea, heart conditions—everything comes to the
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After kicking off the financial year with multiple contract wins, IT solutions provider Cirrus Networks (ASX: CNW) is closing off with its strongest financial year in history—made possible thanks to some major contract wins and reduced overhead costs. Cirrus is expecting to achieve a consolidated revenue of $112 million in FY23, setting a new record
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Biopharmaceutical company Dimerix (ASX: DXB) has won the favour of the Paediatric Committee (PDCO) of the European Medicines Agency (EMA), as the committee has formally accepted Dimerix’s Paediatric Investigation Plan for the development of DMX-200, a potential treatment for kidney disease. The PDCO’s approval comes after a meeting on June 23, 2023, and paves the
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There is little joy in the Happy Valley (ASX: HVM) offices today, as the infant formula company enters voluntary administration. “It is disappointing to announce the appointment of administrators today,” the Chairman of the Company, Kevin Bush, stated grimly in an announcement. Due to dwindling global infant milk supply, HVM was able to thrive during
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Australian counterdrone solutions company DroneShield (ASX: DRO) has been awarded a two-year research and development contract worth $9.9 million by the Five Eyes Department of Defence (DoD). This substantial contract highlights DroneShield’s growing prominence in the defence industry and signifies the confidence placed in the Company’s capabilities by the Five Eyes intelligence alliance, comprising the
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What’s in a brand name, when household income has been squeezed to its very last drop? Rising costs have compelled people to opt for generic meds instead of branded ones to save a few bucks wherever possible. And now, meds for chronic anal fissure pain are set to get a generic version, thanks to pharma
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High energy costs have spared no one, neither customers nor companies. That’s why it has become integral to keep tabs on what’s emptying the corporate wallet and reign in the costs. To help with that, smart energy SaaS company Simble (ASX: SIS) is offering data analysis and carbon emission tracking platforms to help companies review
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Diagnostic tech company Lumos Diagnostics (ASX: LDX) has received the green card from the US Food and Drug Administration (FDA) to market its FebriDx rapid, point-of-care test in the United States. This regulatory clearance permits the marketing of FebriDx in the US as an aid for healthcare professionals in diagnosing bacterial acute respiratory infections and
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As companies take on more ambitious endeavors, be it diving under the sea or exploring natural gas hidden deep beneath the surface, communication becomes more and more integral. But remote connectivity is no cakewalk, which is where remote tech provider companies like Harvest Technology Group (ASX: HTG) come into play. The Perth-based Company, which provides
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Eye health has been in and out of sight and mind for some time now, urging organisations to demand greater investment and attention towards Aussies’ unmet needs. In 2018, 93% of Aussies aged over 65 reported vision disorders, and the pandemic did little to help by not being a sight for sore eyes. If that
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In anticipation of an early start to the 2023 harvest, cotton processing company Namoi Cotton (ASX: NAM) has undertaken a series of activities to ensure smooth operations and maximise yields. The favourable weather conditions experienced across its network of growers prompted the Company to commence preparations earlier than usual, setting the stage for a promising
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In what can be considered a rather intense game of musical chairs, music credits database company Jaxsta (ASX: JXT) has appointed its third CEO in less than two years—Josh Simons. Simons replaces Beth Appleton who was appointed to the role in April 2022. Now the former CEO, Appleton, commented, “I will relish my time at
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The pressure is on for biotech company Invex Therapeutics (ASX: IXC), which is not only struggling to recruit patients but is also dealing with underwhelming results for its flagship drug Presendin, tackling idiopathic intracranial hypertension (IIH). The Company has initiated a comprehensive assessment of its Phase IIH EVOLVE program, which explores the potential of Presendin
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Despite all the corporate cash grabs to profit from the Government’s Child Care Subsidy boost, there’s plenty of profit opportunity in the next age bracket up too with tutoring provider Kip McGrath (ASX: KME) issuing an earnings upgrade, primarily from rising demand for tuition services. Government-affiliated tutoring provider Kip McGrath forecasts a revenue boost, citing
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After an extensive product development process, lab instrument manufacturing company XRF Scientific (ASX: XRF) has launched a new product—xrTGA. xrTGA is a thermogravimetric analyser (TGA), an instrument which measures the weight of an object over time while heating it to different temperature points. The instrument comprises a sample-heating furnace and a precise weighing scale for
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Precision diagnostics company INOVIQ (ASX: IIQ) has achieved noteworthy results from an independent clinical validation study of its SubB2M/CA15-3 test for breast cancer detection. The study has reported high accuracy (87%), sensitivity (81%), and specificity (93%) for the test, outperforming a leading approved CA15-3 test. INOVIQ CEO, Dr Leearne Hinch, said, “The outstanding results from
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If you are tired of hearing people drone on about the growth of drones over the past few years, prepare for it to not end anytime soon, seeing as drone tech is only advancing. Drone connectivity solutions company Elsight Limited (ASX: ELS) has received a repeat order from Censys Technologies Corporation, a leading US-based complete
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Aussie whisky and liquor company Lark Distilling Co (ASX: LRK) is not raising its glasses just yet, for growing inflationary pressures on households has left fewer people reaching out for a cold one. Lark reported a decline in its net sales for H2 FY23, forecast to be $7.4 million, down from $9.6 million in H1
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As militaries beef up their tech capabilities, unmanned aerial vehicles (UAVs), or combat drones, have come out as an attractive choice, thanks to the reduced risk to human lives and optimal targeting. In keeping with that, Perth-based UAV (unmanned aerial vehicle) components developer Orbital Corporation (ASX: OEC) has recently inked a lucrative deal with defence
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From Queen Elizabeth to Marilyn Monroe—pearl necklaces have been wardrobe must-haves and bucket list items for years. The sole aquatic gem, the pearl has a lot to offer, but as with most things associated with the oceans, there is no accounting for its predictability, making pearl farming an intricate business. Aussie pearling business Atlas Pearls
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If left untreated, aortic stenosis, i.e. heart valve disease, carries a high 2-5 year mortality rate. What’s more, fewer women compared to men receive an accurate diagnosis of the disease. So, in a matter of life and death, artificial intelligence (AI) shines through, with AI and MedTech company Echo IQ (ASX: EIQ) having found a
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That Australia has a naturally abundant supply of water, food and such is no mystery. Now imagine turning those on their heels, creating artificial iterations, and expecting everyone to shell out big bucks, especially at a time when even the natural abundance is near impossible to afford. Perhaps not the most ideal picture. Yes, people
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Australia’s growing ageing population is proving profitable yet again, as Queensland-based aged care tech company Talius Group (ASX: TAL) receives another order under its ongoing contract with Keyton Retirement Villages (formerly Lendlease’s Retirement Living). The order involves the supply of advanced assistive technology solutions as part of Keyton’s efforts to improve its emergency call systems
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Travel has been a point of contention following Covid. It has adopted the traits of a rollercoaster, moving up and down, taking airline companies, like Regional Express (ASX: REX), along for the ride. After providing a cheery update following its H1 FY23 results, the Company has wheeled back, citing external circumstances. The Company has revised
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As a mining company, not complying with rules and regs can land you in deep waters, sometimes as deep as $150k and over. To avoid that, many companies bring on compliance managers; K2Fly (ASX: K2F) streamlines that. K2fly is a provider of Resource Governance solutions for a ‘net positive impact’ in Environmental, Social and Governance
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Getting Lego as a kid is a lesson in both work and play. For play, you get to practise your creativity and understand how much pain you can cause by strategically placing legos around adults (among other things, of course). In terms of work, more importantly, you understand that there are numerous (and more effective)
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Unlike Superman, military personnel cannot be reborn on Krypton to become invincible. So, they must settle for the next best thing, like an RCH ballistic helmet by defence tech company XTEK (ASX: XTE) that can withstand assault rifle bullets, like those fired by AK-47 rifles (arguably the most widely-used weapon). The Company has achieved a
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Sportsbetting company PointsBet Holdings (ASX: PBH) has faced a slew of disappointments in trying to sell its US business. Initially, it shut down Aussie wagering company Betr’s $220 million offer; then, it succumbed to only a slightly larger offer—$222 million—from Fanatics Betting and Gaming (FBG). Now, it is being offered $280.7 million in cash from
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As of 2020, the older generations made up over 16% of the Australian population, with this number set to grow to over 20% in the coming years. Increased life expectancy and low fertility rates have given older people an edge and greater pull in the market, making them an attractive bet for companies like healthtech
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Microbiome health company Biome Australia (ASX: BIO) has surpassed its sales revenue target for FY23, reaching an impressive $7 million with half a month of trading still remaining. The accelerated growth in sales revenue during the fourth quarter was primarily driven by the success of Biome’s Activated Probiotics—making up over 90% of the sales as
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Electric vehicles are ruling the roost when it comes to sustainable transportation. And this has paved the way for new innovations, like EcoGraf’s (ASX: EGR) graphite anodes, typically used to produce lithium-ion batteries, to take centre stage and enable the sustainable growth of EVs. EcoGraf has received notice from the US Patent and Trademark Office
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EdTech company Janison Education Group (ASX: JAN) has signed the largest contract in its history with Government-owned Education Services Australia (ESA) to extend their collaboration. Janison will provide ESA with the technology behind the NAPLAN (National Assessment Program – Literacy and Numeracy) online test across Australia. The new agreement has an initial term of three
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Nearly every device boasts oodles of smarts now. You can control it from miles away, automate it, ask it to perform Mariah Carey, you name it. And seemingly, there’s plenty of demand for it! Australian tech company Zimi (ASX: ZMM) has announced the successful production and first shipments of its latest smart device product range,
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In sad news for Domino’s (ASX: DMP) lovers in Denmark, the global pizza chain has announced its decision to shut down 27 stores in the country as part of its ongoing efforts to optimise its corporate store network. In addition to the closures in Denmark, approximately 65-70 underperforming corporate-owned stores worldwide will also be closed,
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Finding yourself irritated at having to change outfits constantly due to unpredictable weather conditions? You’re not alone. Traffic management services provider Avada Group (ASX: AVD) has had to weather some frustrating climatic conditions, and it has impacted the Company’s financials. However, as per its latest projections, Avada is poised for a strong finish in H2
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After handing over its underperforming grocery price tracking app to software solutions business Trienpont, retail intelligence company Frugl (ASX: FGL) has found a new avenue for its tech expertise: developing retail grocery marketplaces for other companies. One of them being the United Arab Emirates-based retailer 1004 Gourmet. With a project price tag of $81.9k, Frugl
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If you’ve found yourself scouring the internet for some medical advice and landed on WebMD, you’re not alone. With over a million likes on Facebook, WebMD is known to provide health and well-being information online. What’s more, this virtual healthcare giant is all set to acquire the digital employee well-being company Limeade (ASX: LME) for
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In a David-and-Goliath showdown that has captured the attention of the energy industry, Gas2Grid, a small oil exploration company (ASX: GGX) is going head to head with the French Government for a legal hearing on June 28. The hearing will determine the fate of Gas2Grid’s claim for a staggering $55 million in compensation. The claim,
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AI solutions provider for healthcare companies Beamtree Holdings (ASX: BMT) has won a significant contract bid with the Provincial Health Services Authority (PHSA) in British Columbia, Canada. This milestone marks Beamtree’s first major foray into the North American market. The contract, valued at approximately $0.5 million, signifies a pivotal achievement for the Company and is
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A quick recap for anyone who is out of the crypto whirlpool: Last year, FTX (one of the largest crypto exchanges) collapsed, crypto prices crashed and inflation rose. Now, the US Securities and Exchange Commission (SEC) is suing the world’s largest crypto exchange, Binance, for mishandling consumer funds, misleading consumers and creating a “web of
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Biotech company Avecho (ASX: AVE) has completed the development of its first generation TPM gummies containing cannabinoids and is all set to release them to Aussie consumers. TPM cannabinoid gummies out-perform standard products with faster onset and greater magnitude of effect. Gummies are chewable, jelly-like preparations made from a mixture of glycerin and gelatin, able
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Retail pharmacy supplier Sigma Healthcare (ASX: SIG) – the Company behind Amcal and Discount Drug Stores – has struck a deal with pharmacy giant Chemist Warehouse. The deal encompasses the supply of Pharmaceutical Benefits Scheme (PBS) medicines and healthcare products for five years, set to kick off on July 1, 2024. Sigma currently serves as
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Heyday is enjoying its heyday, signing on tech giants as clients once again. In a significant development, electrical engineering company Southern Cross Electrical Engineering (ASX: SXE) subsidiary, Heyday—an electrical installation service, has been awarded three prestigious data centre projects in Sydney. Collectively, they are valued at over $60 million. The projects are poised to reinforce
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Biopharmaceutical company Starpharma (ASX: SPL) has received regulatory approval for its antiviral nasal spray product, VIRALEZE, in Malaysia. This milestone achievement grants Starpharma and its commercial partners the opportunity to market and sell the innovative product in Malaysia, a country with a population exceeding 33 million. VIRALEZE has garnered significant recognition in Asia following successful
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As it departs from Australia to cement its base in the UK alone, telehealth company Doctor Care Anywhere Group (ASX: DOC) has decided to sell its Aussie subsidiary GP2U Telehealth. The Company had bought GP2U for $11 million in September 2021 to tap into the mental health market in Australia, which worsened following the pandemic.
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In the wake of the Covid-19 pandemic, 3D printing emerged as a powerful tool for hospitals to ramp up the production of personal protective equipment (PPE), revealing the vast potential of this technology and foreshadowing its widespread adoption in the future. Advancing in this arena, Aussie industrial tech and innovation company Aurora Labs (ASX:A3D) has
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Aurizon’s rail yards are set to be lit up with Betta’s LED lighting tech. Logistics optimisation and infrastructure services company Orcoda (ASX: ODA) has announced a significant contract agreement through its subsidiary, Betta Group of Companies Qld. The $800,000 contract has been signed with Australia’s largest rail-based transport business Aurizon Operations. The contract involves the
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Shoot for the moon and you’ll land among the stars. In an attempt to validate the saying, logistics platform Yojee (ASX: YOJ) has been star—a.k.a. strategy—hopping, hoping it edges closer to the moon. The Company has launched a Partner Program to boost its profitable client portfolio and the latest addition is an agreement with Cargo
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Global tech company Carbon Revolution (ASX: CBR) has kicked a big goal by becoming the supplier of carbon fiber wheels for the highly anticipated 2024 Range Rover Sport SV, unveiled by Jaguar Land Rover (JLR). This marks Carbon Revolution’s foray into the SUV carbon fiber wheel market, representing an expansion of the Company’s lightweight wheel
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What is one way to ensure that you don’t disappoint your shareholders? Let them call the shots! That’s what sustainable energy tech company 1414 Degrees (ASX: 14D) did when picking a name for its silicon storage solution previously called 14D Brick. Its shareholders suggested 260 names, and “SiBrick” came out as the best choice. The
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Flashing lights and clanking sounds—pokies is not for the faint of heart or money. Especially when it is complemented by a round of drinks at the pub. Aussie pubs often run a pokies side hustle to exploit degenerative gamblers. However some companies’ moral compasses are veering them in a different direction. Aussie beer company Good
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First candles, now treats. The inflationary environment has well and truly settled in, pulling people away from luxuries, as small as they may be. Premium food company Maggie Beer (ASX: MBH) seems to be the latest casualty. Both of the Company’s divisions—Maggie Beer Products (MBP) and Hampers & Gifts Australia (HGA) (which was touted as
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One click is all it takes to get a mortgage, or so says Western Australia-based FinTech company One Click Group (ASX:1CG) is set to expand its One Click Mortgage product domestically, which is now available in all states and territories of Australia. Since its launch in April, the One Click Mortgage product has been generating
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Imagine that you find a suspicious package at the station and inform the police. Instead of putting personnel at risk, they send Argus, a robot equipped with backscatter X-ray technology. From a safe distance of 1,500 meters, Argus captures high-definition images, unveiling the package’s contents and potential dangers. This crucial information allows experts to strategize
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Material tech company Matrix Composites & Engineering (ASX: MCE) has secured a significant contract with TransOcean, a leading offshore drilling company, to supply drilling riser buoyancy modules. This contract, valued at $4 million, is expected to further bolster Matrix’s position as a premier supplier in the industry. The buoyancy modules will be manufactured and delivered
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In a strategic move to boost its presence in the Aussie market, healthcare tech company Austco Healthcare (ASX:AHC) has revealed its intention to acquire Victorian-based Teknocorp Australia and its Victorian Monitoring Services division conditionally. The acquisition, valued at $3.8 million, marks a significant step for Austco attempting to replicate its direct sales model implemented in
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Early education provider Mayfield Childcare (ASX: MFD) has successfully concluded the acquisition of two high-performing childcare centers, right in time as the Aussie government boosts childcare subsidies for parents. The Company’s latest move includes the acquisition of a centre in Sandringham, which complements Mayfield’s existing facility in Cheltenham, thereby fortifying its Bayside operations. With 60
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In a significant development for Aussie branded spirits company Top Shelf (ASX: TSI), Coles Liquor Group (CLG) has confirmed nationwide ranging for Top Shelf’s NED Australian Whisky and Grainshaker Australian Vodka. Commencing in July 2023, three NED products, including the 1-litre, 200mL, and the new super premium Green Sash Reserve Australian Whisky 700mL, will be
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In a move to revolutionise Vietnam’s agricultural sector, tech-driven plant nutrition company RLF AgTech (ASX: RLF) has announced a groundbreaking distribution agreement with Kona, a prominent distributor of agricultural products in the country. The deal, valued at $3.3 million over a span of five years, is set to transform the landscape of crop cultivation and
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With soaring rent, your bank account may be missing a few zeroes but not everyone is up in arms about it. For rental payment company RentPay (ASX: RNT), it has been a period of growth. Australia’s website made for renters has achieved a significant milestone of $100 million in rent paid through its platform since
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Whoever said only athletes could benefit from spiked goods probably did not consider what animals as contenders. No more, for agricultural company Terragen Holdings (ASX: TGH) is making a case for the cows with MYLO, not to be confused with Milo, the chocolate powder that one takes with milk. Terragen undertook a study—the largest for
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The pandemic lent Australians the time and money to wager bets on their favourite horses. Suddenly, gambling one’s fortune away was not such a bad idea. However, the industry has witnessed a slowdown since recovery from Covid with people having to save up for rising costs. However, wagering tech company RAS Technology (ASX: RTH) is
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The beauty treatment company SILK Laser Australia (ASX: SLA) has found itself at the center of a bidding war as it contemplates the offers from two interested parties—EC Healthcare and Australian Pharmaceutical Industries (API). As if in an episode of the Bachelor, it must now decide: who gets the rose? SILK Laser Australia has received
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After enduring months of legal disputes, declining revenues, and significant changes to its board of directors, technology company Nuix (ASX: NXL) is embarking on its 2.0 journey with the acquisition of Rampiva, a provider of workflow automation and job scheduling software. The acquisition marks a pivotal moment for Nuix as it aims to revitalise its
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The first industrial revolution saw the rise of factories and mass production, the second brought about cars and phones, the third brought about the internet and globalisation, and the fourth—the one we’re currently living through—is advancing artificial intelligence, automation and more. Each new industrial revolution has brought about a transformation that we can’t imagine our
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No social media, no internet, just a smartwatch enabled with a 4G phone, GPS and more to keep kids secure and reachable. With working parents, keeping tabs on children at all times is just not possible. And while giving them a phone is a quick fix, it might also stunt their social growth. A sweet
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Nearly everything has become super expensive, so it is not surprising that little luxuries, like candles, are losing their appeal compared to everyday necessities. And it’s reflecting in the turbulent financial performance of premium retailers like the Aussie home fragrance retailer dusk Group (ASX: DSK). The Company has released its financial guidance for FY23, anticipating
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Battling fraud allegations in its US division and initiating layoffs in Australia, ship building company Austal (ASX: ASB) is trying to batten down the hatches. And in that spirit, the Company’s USA arm has locked in a $4.8 billion contract for up to seven T-AGOS 25 class ships—or surveillance ships—for the US Navy. Austal USA
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Ever been tired of the hundreds of apps downloaded on your phone? Competitive gaming and eSports tech company Streamplay (ASX: SP8) has found a workaround for that, especially if you’re one for gaming. It lets users stream their video games—via mGames—on their phones without having to download them. Plus, with mJams, it lets users create
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Leading gaming company Aristocrat (ASX: ALL) reports impressive financial results with double-digit revenue growth and soaring profits. Revenue from ordinary activities surged by 12.2% to reach $3,080.4 million, while profit before tax soared by 42.6% to $852.8 million. After-tax profit also saw a remarkable increase of 27.3% to $653 million, highlighting the Company’s strong performance
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Tired of staring at your screen all day, logging into one Zoom call after the next? You’re not alone. The thrill of interacting with clients from across the world through a laptop screen has come to a screeching halt with people preferring to meet in person over virtual catch-ups. Travel management and expense tech Company
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Designing a home is a nerve-wracking process. From deciding the style to picking the furniture—the journey can be exhausting and often frustrating. Now imagine that, after you pick just one piece of furniture, in a matter of minutes, someone generates a list of everything you will need to realise your Pinterest interior design board. Artificial
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Dental service organisation Pacific Smiles Group (ASX: PSQ) has received a Determination Letter from Revenue New South Wales concerning the treatment of its Services and Facility Agreements (SFAs) with dentists for payroll tax purposes. The authorities claim that the fees held by dentists in Pacific Smiles’ embrace should face the payroll tax guillotine. Pacific Smiles,
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Some of the biggest names in the music industry—Harry Styles, Taylor Swift and Beyoncé—are on tour this year, turning consumer appetite towards nostalgic music consumption forms, including, seemingly, vinyl. In keeping with that, the world’s leading music credits database Jaxsta (ASX: JXT) has unveiled VINYL, an extensive music catalogue featuring over 49,000 vinyl records available
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Funeral services company InvoCare Limited (ASX: IVC) has received a revised proposal from private equity company TPG Capital Global regarding the potential acquisition of all the issued capital of InvoCare. This revised proposal comes after an unsuccessful attempt by TPG last month. Previously, TPG made an offer InvoCare simply could refuse. The Company found the
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After experiencing a lull in FY22, Fintech company Findi Limited (ASX: FND) has announced its financial results for the full year ending on March 31, 2023, surpassing expectations and achieving significant growth. The Company reported revenue of $54.5 million, exceeding the forecasted $50 million. This success translated into an EBITDA of $16.8 million, surpassing the
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Aussie gaming tech company Ainsworth (ASX: AGI) is set to rein in the profits as historical horse racing picks up steam globally. Based on current forecasts, the Company expects to report a profit before tax of approximately $20 million, excluding currency impacts and one-off items, for the six-month period ending on June 30, 2023. Ainsworth’s
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Lifestyle tech company, CellNet (ASX: CLT), has found a potential saviour amidst its mounting losses. In a bid to transform its fortunes, CellNet has announced its proposal to be acquired by Wentronic, a leading manufacturer and distributor of consumer electronics accessories. The acquisition, valued at $6.6 million, comes at a crucial time for CellNet as
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Support is a fundamental need for all, but surprisingly lacking in most spheres of life. Pregnant women worldwide are often left to their own devices when it comes to navigating healthcare during pregnancy. Alone, they navigate the emotional and physical rollercoaster, with many Aussie women admitting to feeling distressed citing lack of support and knowledge.
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At a time when mass layoffs are becoming a thing, global HR tech platform, Xref (ASX: XF1) is focusing on employee retention. The Company has announced the launch of its new Pulse Survey feature and announced updates across its subsidiaries, completing its lineup of ‘Hire to Retire’ products offered via its new Enterprise platform. Pulse
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Machine intelligence company Appen (ASX: APX) must be having Covid flashbacks as its share price is tanking once again. Once an ASX dreamboat, falling demand for the Company’s products has left it to take on cost reduction initiatives. In February 2023, in its annual report, Appen stated that it expects a soft start to FY23
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Over the past year, tech companies in the US have become notorious for mass layoffs. IT giants, from Google to Amazon, have laid off thousands of employees in light of growing inflation. Now, that trend seems to be gaining steam in Australia. To return to cash flow positivity, Aussie online print-on-demand marketplace Redbubble (ASX: RBL)
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12-year-old Louie the beagle had little time left once the vet diagnosed his lymphoma. To avoid the side effects of steroids and chemo, his parents took a chance on biotech company PharmAust’s (ASX: PAA) monepantel (MPL) drug. Within a few weeks, Louie’s lymph nodes shrunk and he enjoyed a good quality of life. Today, he
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Nutritional supplements company EZZ Life Science Holdings (ASX: EZZ), a genomic life science company, has entered into an agreement with service management company Aubay Pty. Ltd. trading as HIC for the exclusive distribution rights of two EZZ-branded products. The two-year agreement is expected to generate additional annual revenues of at least $16 million for EZZ
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Being an ASX-listed company doesn’t stop at your IPO. There’s a list of rules and regulations that many seem to have found a way around, thus irking the ASX. On May 3, out-of-home advertising company oOh! Media (ASX: OML) published an investor presentation resulting in a share price dump. Whether it was planned or not,
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A strategic review rarely signals good things. Most times, it reveals the many cracks within the company. But if you’re lucky, the review will end with only great things to say about it. Amid a multi-million dollar deal with dairy nutrition company Fonterra, the functional beverage brand Halo Food Co (ASX: HLF) has decided to
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In a trillion-dollar industry so inundated by competitors, Aussie semiconductor company Archer Materials (ASX: AXE) has managed to stand out and make a name for itself with its unique qubit processor technology, the 12CQ chip, which is paving the path for mobile quantum computing devices. It has the backing of the largest semiconductor chip producer,
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On October 11, 2022, health insurance provider Medibank (ASX: MPL) noticed a security breach in its system. A criminal was able to access Medibank’s systems by using a stolen username and password from a third-party IT service provider. They were able to obtain more credentials and access multiple systems. This was possible due to a
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In February 2023, Australia became the first country to accept psychedelics, i.e. hallucinogenic drugs, as medicine. It approved the use of MDMA and psilocybin, typically known as mushrooms and ecstasy, for psychiatric help. Medical cannabis and psychedelics manufacturer Incannex Healthcare (ASX: IHL) wasted no time and announced the launch of the first psychedelic-assisted psychotherapy clinic.
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That people are using ChatGPT to generate flirty messages for their Tinder matches is evidence that the generative AI tool has more of a human edge than one can imagine. And that’s possible thanks to the large language models (or LLMs) that go into its making. To get at the forefront of the action, machine
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In a bid to diversify its revenue sources, loyalty and engagement rewards provider My Rewards International (ASX: MRI) is set to acquire digital marketing agency Frankly. Frankly is a Melbourne-based digital marketing agency, offering a range of services including lead generation, search engine marketing (SEM), web development, creative design and campaign reporting. Frankly has provided
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Think ChatGPT can only help students cheat? Think again. While, yes, sure, it can help kids get an easy pass, it can also take some load off teachers. EduTech company OpenLearning (ASX: OLL) has announced the launch of its new generative AI-powered course authoring tools. These tools are expected to revolutionise how education providers create
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As per the Australian Bureau of Statistics, in 2022, 80% of children enrolled in a preschool program were aged 4 years as compared to only 20% aged 5 years. Parents are adopting the “you’ve got to teach them young” policy, putting the focus on developing the early childhood care industry. That is probably why companies,
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In a letter from the CEO to shareholders, farming company Wide Open Agriculture (ASX: WOA) made big promises about funding its ambitious plans. Then, when the ASX asked it to prove its claims, the Company failed to comply. Wide Open Agriculture’s securities have been suspended from trading by the ASX due to questions about the
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The pandemic saw a surge in sports betting as people were cooped up at home and had extra discretionary income to spend. However, as inflationary pressures and a return to normalcy took effect, many found that their wallets could no longer afford the risk. As a result, companies like wagering tech partner Betmakers Technology (ASX:
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The installment payment platform Sezzle (ASX: SZL) appears to be bouncing back from near defeat just a year ago, with a first-quarter profit of $2.6 million in 2023 compared to a net loss of $42 million in the same period last year. In the previous year, Sezzle was almost ready to throw in the towel
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Can F1 racer Oscar Piastri save a cloud-based call recording service? Dubber (ASX: DUB) is counting on it. Having incurred heaps of losses in the past year, the AI company has hedged its bets on star power as a way to get customers’ attention (and money). Over the past few months, Dubber has witnessed a
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Sports betting company PointsBet (ASX: PBH) has struggled to secure bids for its underperforming businesses in Australia and the United States. While the Company received an offer from Australian wagering company Betr for its Australian business, it turned it down initially before resuming discussions again which have now broken down. This took place in the
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The global esports market is set to grow to $3 billion in value come 2027, with most of its revenue counting on China. It’s no wonder then that investors are displaying a great appetite, trying to get in on the action in the Asian eSports industry. Stepping into the boom, sports prediction platform SportsHero (ASX:
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With a super on-the-nose name, it’s difficult not to know what UK-based telehealth company Doctor Care Anywhere (ASX: DOC) does. Providing people consultations no matter where they are, the Company seems to have received public favour, with a spurt in the number of returning customers and thriving subsidiaries. At the same time, this was probably
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Japanese beer company Kirin Holdings has agreed to acquire 100% of homegrown Aussie vitamin and supplements company Blackmores (ASX: BKL). Under the terms of the scheme, Blackmores’s shareholders will receive a cash consideration of $95 per Blackmores share, less any special dividend declared or paid prior to implementation of the scheme. Blackmores’ largest shareholder, Marcus
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Australian finance service company Butn (ASX: BTN) has reported a strong performance for Q3 FY23, with record originations and revenue. The quarter’s loan originations totalled $109.0 million, up 77% on the previous corresponding period, with March representing another record month with $41.1 million in originations. Butn’s quarterly platform originations also increased significantly, up 158% on
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After a tumultuous year replete with lawsuits, declines and deal fallouts, digital payments company IOUPay (ASX: IOU) has entered voluntary administration. Daniel Walley and Philip Carter of PricewaterhouseCoopers Australia have been tasked with putting on the cape and saving the Company from their burning building. This action has been taken as IOUPay has many outstanding
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Say what you will about eating healthier, saving money and being more eco-conscious, but there’s just something about fried chicken that dispels any need to be a “better” consumer. New Zealand-based fast food restaurant company Restaurant Brands (ASX: RBD) is a testament to that. With total sales for the first quarter to March 31, 2023,
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After asking shareholders to expect great things from the Company’s future, Aussie regenerative farming company Wide Open Agriculture (ASX: WOA) has within just a few days later sought voluntary suspension from the ASX for nine weeks. (Sadistic sense of humour, much?). The suspension follows the Letter to Shareholders on April 19 signed off by CEO
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Werribee, a rapidly growing family-first suburb in Melbourne, is set to get a new shopping centre valued at $80 million, courtesy of funds management company Eildon Capital (ASX: EDC). Eildon’s EFM Harpley Town Centre Property Trust Fund (EFM) has secured $31.5 million from wholesale investors for the new direct property fund. The seven-year fixed-term fund
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Australian conglomerate Wesfarmers (ASX: WES)—the company behind Bunnings, Kmart and Priceline—has set its sights on acquiring Silk Laser (ASX: SLA), a leading provider of skin treatment and laser hair removal services, for a whopping $169 million. Wesfarmers’ subsidiary, Australian Pharmaceutical Industries (API), has entered into a Transaction Process Deed with SILK Laser Australia Limited in
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A news and media website dedicated to modern design, Design Milk (ASX: DMC) has decided to sell its online business to a newly incorporated US-based entity for $521k which will take over existing contracts and an array of digital assets, leaving behind a shell of an Australian entity. In regards to the Company named Design
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In 2022, over 24k Aussie males were diagnosed with prostate cancer. One of the most commonly diagnosed cancers, it was also the third most common cause of cancer death in Australia in 2020. Its high prevalence and the cocktail of concerns that come with it have prompted the need for better diagnosis mechanisms than the
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Buy Now Pay Later (BNPL) may not work well when it’s customer-oriented, as they might eventually see the dent in their wallet and walk away. However, if it is business-oriented, helping companies get paid on time, it might be a different story. Assisting businesses to keep track of their vendor or client payments, online payment
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For Freelancer (ASX: FLN), a freelancing marketplace that only just reached cash flow breakeven, it sure knows how to push its luck. Despite recently getting back on track, the Company’s fortunes have taken a hit and it’s come as a bit of a surprise. Freelancer’s cash receipts for the first quarter of 2023, ending in
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Imagine being in a paralysing accident and then being able to use your limbs like before in little time. Not even movies often consider that possibility. That’s exactly what Western Australia-based regenerative medicine company Orthocell (ASX: OCC) aims to achieve with its product, Remplir, which replaces painful sutures with its soft tissue regeneration medical device.
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After just nine months in her role as CEO, Emma Shand has handed in her resignation from the deeply troubled digital payments company EML Payments (ASX: EML). Kevin Murphy has been appointed interim CEO till the Company finds a more permanent replacement. EML Payments has been battling one problem after the next—ranging from losses and
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A leading traffic management operator AVADA (ASX: AVD) has gotten the green light to enter the New Zealand market having entered into a binding agreement to acquire Wilsons, the largest traffic management company in New Zealand’s South Island. The purchase price for the acquisition includes a cash payment of $8.8 million (subject to customary working
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After being on extended medical leave from September last year, the former CEO of Aussie apparel retailer Best & Less Group (ASX: BST), Rodney Orrock, finally decided to hang up his boots on February 1, 2023. Since then, BST has been casting around for a new CEO and has finally found one in Erica Berchtold.
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After wellness brand Fiji Kava (ASX: FIJ) announced its exclusive distribution agreement to expand into China, The Market Herald (ASX: TMH) promoted the big news. But upon Fiji Kava’s share price doubling, the ASX promptly suspended FIJ shares from trading to investigate the announcement and sponsored article. It turns out, Fiji Kava’s celebration was premature,
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Following the Medibank and Optus breaches, the latest Aussie victim of a cyberattack is Latitude Financial, a consumer lender with clients like JB HiFi. In March, the Company witnessed an attack that compromised the data—driver’s license numbers, passport numbers, financial statements and personal details—of 14 million customers. Plus, like Medibank, it has refused to pay
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Imagine spending big bucks on an app for budget-conscious shoppers that requires them to manually enter grocery prices every time they change—which could be as often as every week. (It takes user-generated content to a whole new level) Well, grocery app Frugl (ASX: FGL) thought otherwise and tried to pull off an Instagram-like platform (always
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While our meal prep might not be fully automated yet (sadly enough), the same cannot be said for the Yellowtail Kingfish under the Aussie aquaculture business Clean Seas Seafood (ASX: CSS). The Company, a leader in full cycle breeding, production and sale of Yellowtail Kingfish, has purchased a new automated feed barge. The barge is
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The global health and wellness market, valued at $7.07 billion in 2021, is projected to exceed $19 billion by 2031. Following the pandemic, people are reevaluating their approach to health, leading to a surge in demand for health and wellness products. FijiKava (ASX: FIJ), a producer of natural, medicinally-based products such as dietary shots, drinking
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Have you ever been envious of the volunteers who get the best seats at events like the Superbowl or FIFA World Cup, while getting paid to be there? Well, behind the scenes, a technology company called Rosterfy is making it all possible with its innovative volunteer and workforce management software. So it’s no wonder that
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If you got free cancellation on your botched travel plans during Covid, way to go! However, the free cancellation policy has not been such a joyride for airport shuttle companies, like Jayride (ASX: JAY), which had to offer refunds and suffer losses. Jayride is an online travel marketplace for airport transfers, i.e. your shuttles and
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The much-awaited Easter long weekend—known for its characteristic joy—turned fatal for many, as about 16 lives were lost to road accidents. Obviously, this calls for drivers to become more aware of their surroundings. At the same time, it raises the question: how can our roads be made safer and more resilient to accidents and crashes?
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The crypto universe has been riddled with chaos after chaos, with the Silicon Valley Bank collapse following the FTX downfall. Witnessing the cracks in crypto ecosystems, organisations and people had to rethink their investments. Blockchain tech company DigitalX (ASX: DCC) did so—letting go of some assets to keep peace among shareholders. First, DigitalX sold off
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Crime does not pay; if anything, it makes you. And this was made evident with the recent Clee Capital vs Malaysian BNPL firm IOUPay (ASX: IOU) court drama. Playing out in a Johnny Depp and Amber Heard fashion, after IOUPay’s former CFO Kenneth Kuan Choon Hsuing—accused of misappropriating company funds—helped shareholder Clee Capital sue the
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Aussie consumers have changed, demanding better from companies everywhere. 90% of them are engaging with sustainability in their everyday lives, led by Millennials and Gen-Z. In the coming years, these generations are set to become the most prominent customer segment, making it integral for companies to act fast. Premium food company Pure Foods Tasmania (ASX:
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If you’re feeling particularly snacky while travelling, Aussie healthy food company Forbidden Foods (ASX: FFF) will soon have you covered with its Blue Dinosaur snack bars available in more airport retail stores. The Company has secured a ranging agreement with Lagardère Travel Retail, a retail store-operating company with a presence across thousands of airports in
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In 2019, over 40% of Aussie businesses were using paid Cloud services, injecting $9 billion over five years into the country’s economy. Cloud services eliminate the need for hardware or complex internal mechanisms and take the onus on themselves to provide your business with a range of services. Using the internet, they give you access
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Beauty products group BWX (ASX: BWX) has collapsed and entered voluntary administration, bringing an end to a tumultuous 12 months for shareholders and employees. The board of directors has appointed Kate Warwick, Joe Hansell, and Kelly Trenfield of FTI Consulting as administrators, effective immediately. The move follows the Commonwealth Bank’s refusal to extend the terms
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Last year, in a bid to address the country’s low fertility rate, the Japanese government announced that it will cover 70% of the costs of IVF treatments. As people rushed to IVF clinics, companies like biotech company Memphasys (ASX: MEM) saw their time to shine. Memphasys offers the Felix System, a patented, automated single-use cartridge
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Have you ever felt like you’re being watched by a Joe Goldberg-esque creepy stranger, making you feel super uncomfortable? Like, even when you’re innocently browsing in a store, and a security guard is eyeing you suspiciously. With the rise of video surveillance cameras, this feeling of being constantly watched is slowly becoming a thing of
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Internet service provider Hubify (ASX: HFY) is seizing a new lease on life, literally, as it calls time on the Optus Small Business Program—providing telecom and internet services to small businesses—and takes on bigger fish, including Optus Enterprise Services itself. Hubify’s subsidiary company and mobility division, Broadland Solutions, has entered into a new five-year agreement
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Sydney-based life insurer NobleOak Life (ASX: NOL) has received a notice from the Australian Prudential Regulation Authority (APRA) saying that it is in breach of its prudential and reporting obligations concerning its capital. The regulation authority informed NobleOak that the calculation and reporting of its reinsurance asset exposures deviated from APRA’s prudential standards. As per
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We are three months into 2023, and drones are already fueling a $6 billion per annum industry. With Russia and Ukraine bringing unmanned warfare to the fore, some countries are brainstorming anti-drone mechanisms. Others are jumping on the bandwagon and hoping to access better unmanned aerial vehicles (UAVs). And manufacturer of military UAV engines Orbital
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Aussie genomic life science company EZZ (ASX: EZZ) —known for its health and wellness tablets—is set to launch its online store on Amazon and introduce three new branded products. The Company has officially launched its Amazon online flagship store at the e-commerce site for Australian consumers. Amazon is recognised as one of Australia’s—and the world’s—leading
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In the book Constructing Green: The Social Structures of Sustainability, authors Henn and Hoffman introduced “Titanium” as a rating comprising the best of green construction. It is a precious ranking, unlike the metal which is present in abundance. Its durability, corrosion resistance and recyclability make titanium a metal of many talents, with applications beyond construction.
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In a bid to help people manage their money better, Singapore-based financial education tech company 8VI Holdings (ASX: 8VI) has obtained regulatory approvals to launch its Financial Advisory businesses in Singapore and Malaysia. The Financial Advisory vertical was established in FY22 as part of the Group’s plans to expand its offerings. To successfully launch the
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Whoever said Bruce Wayne was not philanthropic enough hadn’t met Batman Investments (BIPL) – an unrelated investor. Freeing the food processing and fruit juice company The Original Juice Co (ASX: OJC) (formerly the Food Revolution Group) from debt or high-interest rates, BIPL has agreed to convert the current $790,000 loan into shares in the Company.
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In 2022, over 80% of Aussies reported being eco-conscious, demanding better action from not just the government but also brands. And Tasmanian-based food and beverage company TasFoods (ASX: TFL) is stepping up to the task. The Company has announced a partnership with The Udder Way, an innovative milk distribution system that aims to eliminate single-use
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Imagine if you paid car insurance premiums solely based on the distance you drove and not on the basis of owning a car. What a relief, right? Well, that’s the agenda behind tech-driven car insurance startup KOBA. In 2022, car insurance was the second-most common kind of insurance held by Aussies, following closely behind health
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Virtual reality is changing how the world works. Previously, you would need to put yourself in physical jeopardy if you wanted to skydive, play tennis or break dance. Now, you can do all of it with a headset in your home. The concept is not just attractive to laymen but also to policemen, especially those
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When the going gets tough, some decide that it’s too much to get going and take a backseat instead. That’s the case of the kitchen appliances and consumer products company Shriro Holdings (ASX: SHM), which has decided to shut its kitchen appliances business in the Australian market in light of growing competition, rising inflation and
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Bought a rapid antigen test (RAT) lately? Odds are, you haven’t even thought about it. Even as the weather changes prompt illnesses, Covid is not a top concern for many people anymore, resulting in a fall in demand for RATs and Covid-related medicines. Plus, over the past year, labour shortages have been the bane of
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Fraud, losses, oustings and backtracking on deals—you’d think digital payments firm IOUPay (ASX: IOU)’s coffin couldn’t take any more nails. Untrue. The Company is now facing a new woe—and a big one at that: legal action via a disgruntled former CFO. IOUPay is being sued by one of its shareholders, Clee Capital, which holds 5.08%
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The Australian summers boosted surf wear and travel equipment demand. Now, as we approach winter, it will be Kathmandu jacket season again. All things considered, outdoor apparel retail company KMD Brands (ASX: KMD) is having the best season of all. After suffering losses to the tune of over $5 million in H1 FY22, the Company
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If you’ve watched the 2022 film, The Menu, you’d know how the meals get progressively more disturbing until the head chef blows up the whole place (including the guests). That appears to be the trajectory South-East Asia-based digital payments company IOUPay (ASX: IOU) is on. After witnessing a BNPL decline and a slew of losses
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Have you been house hunting lately? Turns out, many have, and it’s not a fun experience. Rising interest rates and lowered supply have intensified competition, wherein people don’t want to take their chances online with digital real estate auctions. They prefer the traditional way. That’s why digital real estate auctioning platform Openn (ASX: OPN) has
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As part of ancient Roman tradition, almonds were showered on newlyweds as fertility charms. Now, their own fertility rate has fallen. With fewer almonds to go around, Aussie almond farming company Select Harvests (ASX: SHV) has advised that its earnings are set to fall in the near future, even as rising prices provide some relief.
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After Humanforce offered $0.165 to acquire HR software company IntelliHR (ASX: IHR), England-based software company The Access Group, or TAG, has upped the offer by 21.2% to $0.20 per share. For IntelliHR shareholders, the latter is a superior and more attractive option. But whether votes would work out in TAG’s favour is not certain. TAG’s
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About one in 9,000 females in Australia are diagnosed with Rett Syndrome at birth. In the US, about 15,000 girls and women suffer from it, and globally, this number grows to 350,000 females. The significance of its prevalence is nothing compared to its impact. The disorder can have a detrimental effect on the lives of
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Would you call it a mid-life crisis or rebirth? For media house and now classifieds company The Market Herald (ASX: TMH), it has signals of both. With a new CEO, new strategy and new sources of revenue, it has set itself on a path that it hopes is the right one. The Company has progressed
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During Covid, the world fought to access the best respiratory solutions—air purifiers, masks, and respirators. However now, we seem to have entered a post-Covid reality, with some comparing Covid to a common cold. And the common cold does not usually demand a feisty response, reducing the need for respiratory solutions. That’s not great news for
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Taiwan-based semiconductor foundry—the largest chip developer in the world—TSMC, has accepted Australian semiconductor company Archer Materials (ASX: AXE) as their customer. This exciting development means that Archer will be able to access some of the most advanced semiconductor fabrication process in the world to help service and support the build out of its quantum technologies.
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In recent times, the Silicon Valley Bank and FTX collapse shined some light on the instability of the financial system and the need for better regulation. That’s where companies, like RegTech company Identitii (ASX: ID8), become integral. Identitii has signed a new software licence agreement with leading Australian B2B payments provider Monoova Global Payments. Monoova
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In Australia, over 200,000 people live with epilepsy, a chronic neurological condition that is often characterised by seizures. Thousands are hospitalised every year for epilepsy, and even with anti-seizure medication, some people continue to experience mild to severe seizures. Between 2018 and 2019, the condition accounted for over $300 million in national health expenditure. Epilepsy
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If Netflix’s Narcos and Money Heist got you hyped up about catching crime in action, you would enjoy what defence and intelligence tech company Kleos Space S.A. (ASX: KSS) does. Basically, it locates radio transmissions from space—that would otherwise go under the radar—to identify illegal and hidden activity on land and sea. Then, it lets
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After thriving in the debt collection and repayments sector, Aussie tech solutions company Credit Clear Limited (ASX: CCR) is stepping into the insurance market, all thanks to its digital workflow process. The Company signed a two-year agreement with IAG, one of the largest general insurance companies in Australia and New Zealand, to deploy its purpose-built
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The “as-a-Service” market is a thriving one. Nearly everything is an aaS, be it network, software or even walls. Specifically, robotic tech company FBR (formerly Fastbrick Robotics) (ASX: FBR) will be deploying robots to build a wall(s) for the USA, not the kind it is infamous for, of course. FBR—known for its bricklaying robots—has struck
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Last week, the US’s Silicon Valley Bank came to a grinding halt, announcing it had run out of money. It was selling its stocks, had a negative cash balance, its share price fell by 60% and its CEO Greg Becker sold over $5 million of company shares a fortnight before the collapse. It has shocked
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Perth-based human services provider APM (ASX: APM) was born with the desire to help people of all backgrounds land jobs. Turns out, many organisations are on board with this desire seeing as the Company is locking in contracts across the world, with its most recent wins in Canada and the US. Under the Ontario Employment
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Integrated financial services company Sequoia Financial Group Limited (ASX: SEQ) is set to offload 80% of its equity interest in stock broking execution company Morrison Securities to New Quantum Holdings (NQ), a company that provides digital wealth management platform services. As a result, the Company will receive $40.5 million, giving Morrison a debt-free balance sheet
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Clinical state oncology company Prescient Therapeutics (ASX: PTX) has received the US FDA’s Orphan Drug Designation for its PTX-100 drug, used for cancer treatment. Previously, the Company received ODD for peripheral T-cell lymphomas (PTCL) in 2022. Following that, it applied for ODD for cutaneous T-cell lymphomas (CTCL), and it was granted a blanket designation for
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Entertainment and tech infrastructure company Swift (ASX: SW1) is making it big in Western Australia, locking in deals worth $2.06 million. It has been awarded projects across multiple sites for market-leading companies, like OTOC, AngloGold Ashanti, Mineral Resources and Roy Hill, due in 2023. As per the agreements, the Company’s engineering and delivery teams will
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You know what they say about bankruptcy, it’s a fresh start for those willing to take the leap. In this case, however, it is not the bankrupt company making a fresh start, it is a client. Global electric vehicle company Vmoto (ASX: VMT) is set to buy its UK Distributor, the UK Distribution—part of the
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One of the world’s largest higher education sectors, India is home to over a thousand universities, 42k colleges, 11k standalone institutions and a college-age population—which is set to grow—that bolsters this system. India’s college-age population will reach 126 million by 2026. Even then, its higher education enrolment ratio lags behind China and Brazil. The Indian
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If its BNPL decline was not enough to usher IOUPay (ASX: IOU) in a different direction, its growing expenses into pushing buy-now-pay-later to no avail should. The Malaysian-based digital payments company lost share value and shareholder favor as the company experienced turmoil and witnessed resignations at the top. Its share price subsequently fell by 22.5%
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Genetic eye problems affect over two million people worldwide and often lead to blindness among the working-age population. Though there’s a lot of optimistic research into potential treatments, none exists right now. That’s what the Western Australian biotech company PYC Therapeutics (ASX: PYC) is attempting to change. After successfully treating rabbits and monkeys suffering from
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Among the most satisfactory transactions is one that brings you financial returns for bygone items—old shoes, computers, and the like. You end up helping the environment, too by selling your old stuff instead of throwing them away. That’s why second-hand retail companies, like Cash Converters (ASX: CCV), catch consumers’ fancy. To give a (further) leg
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Digital microscopic imaging company Optiscan (ASX: OIL) has gotten feedback from the US Food and Drug Administration (FDA) in relation to its Pre-Market Notification (510(k)) application for the InVivage product intended for oral tissue imaging. FDA’s regulatory clearance for the product requires that both the fluorescent contrast agent drug and the device used to visualise
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With the global offshore wind farm industry forecast to grow in the coming years, companies are getting in early to win big. Marine and subsea solutions company MMA Offshore (ASX: MRM) is one of them, having bagged three contracts to support offshore wind farm developments in Taiwan during 2023. Spanning 370 days, the contracts will
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Maxigesic’s tagline goes: Put it to the test for your pain. Its maker—pharma company AFT Pharmaceuticals (ASX: AFP) —did indeed put the med to the test, and it came out as a winner, bagging FDA’s approval. Sort of like a super tablet, Maxigesic combines the powers of ibuprofen and paracetamol to create a super powerful
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At a time when companies are trying to become carbon neutral, smart technology companies are winning big. Making its first move into the Hong Kong market, smart building materials company, ClearVue Technologies (ASX: CPV), has been awarded a tender to conduct a measurement and verification study (M&V Study)—to understand how much energy it can save—in
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What started as a way to ease buyers’ financial stresses grew into one of their biggest stressors: Buy Now, Pay Later (BNPL). Bad debts and reckless spending has shined a light on the downsides of BNPL and its subsequent decline; yet, some digital payment service providers, like IOUPay (ASX: IOU), refuse to give up on
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ABBA said it best: Money, money, money, must be funny in a rich man’s world. The problem is, no one’s laughing right now. Tightened wallets due to heightened inflation have left people reimaging their spending habits, bringing consumer lending company Wisr (ASX: WZR) to the fore. In the first half of FY23, the Company reported
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Boeing’s planemaking and delivering abilities have come into question time and again. Most recently, the Federal Aviation Administration (FAA) pulled it up for faults in its plane parts, thus delaying its delivery to Qantas which is desperately trying to win back customers with more flights. Is there a way for Boeing to produce more efficient
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Defying Australian Consumer Rights was probably the biggest mistake online bookstore Booktopia (ASX: BKG) made. So much so that the Australian Competition & Consumer Commission (ACCC) took it to court for refusing refunds to customers after two days of delivery. It has cost Booktopia over $2 million. Between January 10, 2020, and November 2, 2021,
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If you haven’t been living under a rock, you must have heard about the massive tech layoffs across companies like Meta and Amazon. An underlying theme behind these layoffs was their CEOs’ dizzying faith in the e-commerce boom during Covid. Perhaps Aussie online shopping platform Kogan (ASX: KGN) bought into that school of thought, which
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Suspended from the ASX for questionable financials and raising capital with said number, beauty and wellness company BWX (ASX: BWX) has gone off the rails. Earnings down over 600% and profits down 1,700%, consequences seem to be catching up. In the first half of FY23, the Company recorded a revenue decline of 18.4% to $79.7
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A plummeting share price, board shuffles, poor decision-making and lost credibility—global payments platform EML payments (ASX: EML) has been at the bottom of the barrel for over a year now. And it just keeps getting worse somehow. The trainwreck began when, in May 2021, the Central Bank of Ireland (CBI) conducted an audit and decided
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Just this week, a Lotto Powerball player won a whopping $10.5 million after buying his ticket online. That’s the kind of hope that drives thousands—if not millions—to buy lottery tickets even during tough times, like inflation or recession. That also explains the 706k tickets sold by lottery retailer Jumbo Interactive (ASX: JIN) in H1 FY23.
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We might not have time to stop and smell a rose, but a candle? Now we’re talking. However, that might not be the case anymore as households face the pressures of rising prices. People would rather plug their noses than invest in fragrances, as home fragrance company dusk’s (ASX: DSK) results for the first half of FY23 reveal.
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Despite aggressive marketing strategies and advertising, premium food business Maggie Beer (ASX: MBH) failed to catch people’s fancy in H1 FY23 as its net sales fell 4.5% to $49.9 million. While retail did okay, its online segment struggled to keep up.
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Fancy $100 million dollar lounges, free high-speed WiFi, new business class suites—the Qantas Group (ASX: QAN) is flexing every muscle to bring customers back after a three-year lull. It looks like it’s working. Even as airfares have increased by about 20%, people are on a post-Covid travel high, helping Qantas rake in the dough. In
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In the world of Instagram and TikTok, where you can’t find who first choreographed that trending dance due to lack of credits, Jaxsta (ASX: JXT) stands out. It gives credit where credit’s due and will now do so via social media. A database of music credits, Jaxsta has acquired the musician social networking site Vampr
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Nothing can stop Aussies from travelling—or so it seems. Even as prices rise, people are ticking destinations off their bucket lists in a post-Covid voyaging spree. And the travel group Flight Centre (ASX: FLT) is the better for it. In the first half of FY23, its earnings were at $95 million, 19% more than its
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If news of tech layoffs has been bumming you out, perhaps this will cheer you up: job vacancies are up in the hospitality and retail spaces after a brief lull in H2 FY22. And job ads website Seek (ASX: SEK) has moved its investments around to commit itself to job seekers and hunters alone. Job
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As a new CEO, there’s usually a lot on the line—it’s probably why you’re brought in in the first place. This was a time to prove his merit for early education and care provider G8 Education’s (ASX: GEM) CEO Pejman Okhovat. And so he did with a $40 million on-market buyback, wherein the Company repurchased
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If you haven’t been living under a rock, you must have heard about blockchain technology. That said, it’s understandable if you brushed it off because it had nothing to do with you. That might not be the case anymore. If you are struggling to buy a home amid the ongoing housing crisis, FinTech company DigitalX
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Only 9% of global plastic waste is recycled. The rest is mismanaged, dumped into the oceans, landfilled or forgotten. And it’s not getting any better. Plastic pollution is set to increase, more than doubling by 2030. Recognising the urgent need to develop a fix, sustainable packaging manufacturer SECOS (ASX: SES) is launching a new 95%
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Aussies just haven’t got the time and energy to work around a planned meal kit, and that’s not ending well for meal kit delivery services like My Food Bag (ASX: MFB), with its earnings down nearly 40%. At the end of January 2023, deliveries were down 11.8% compared to last year. Revenue was down 8.0%,
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Timing is an extraordinary thing. During Covid, when respiratory devices sold like hotcakes, companies were golden if they knew how to talk up their products. However, it could only last so long. Take Aussie respiratory products company CleanSpace (ASX: CSX), for instance. It launched an IPO at the peak of the pandemic, at an IPO
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Even as the global real estate market grapples with rising inflation, US tailwinds are bolstering real estate agents ranking website RateMyAgent (ASX: RMY). The Company is partnering with US real estate listings website Realtor.com, thus gaining access to a user base of over 100 million. RateMyAgent has snowballed in the US, boasting over 235,000 agents
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During Covid, Aussies loaded up on alcohol, with sales increasing over 30% in March 2020 as compared to March 2019 and growing further as the pandemic progressed. In the same period, global superstar Adele even released an affirmatory song—I Drink Wine, an anthem defining the state of plenty of us. Of course, who benefits from
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In a shocking turn of events, the Therapeutic Goods Australia (TGA) —the medicine regulatory authority in the country—has rejected medtech company Hydrix’s (ASX: HYD) application to distribute its cardiovascular device, Guardian, in Australia. The TGA was dissatisfied with the device’s effectiveness. According to the regulatory body, the AngelMed Guardian device didn’t demonstrate that the benefits
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Home to some of the most popular TV shows, like The Voice, Big Brother and The Morning Show, Aussie media company Seven West Media (ASX: SWM) has had a turbulent year so far as the TV-viewing audience thins out. In H1 FY23, the Company’s earnings fell by $10 million from $215 million in H1 FY22.
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Most companies wouldn’t wish for Covid’s return, seeing how it wrecked their sales plans and profits. But online furniture retailer Temple & Webster (ASX: TPW) is not one of them. The Company had a good run with Covid as more people shopped online. Better sales, greater engagement—it was all going well until the world reopened
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Funeral service providers play the arbitrator in helping people meet their maker and earn a pretty penny while doing so. So it’s no wonder that they want to expand their base. As the Aussie funeral market thrives—with the number of deaths (human and otherwise) having increased in the past decade— funeral services company Propel Funeral
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Celebrities have a lot of pull with people. Add to that the human tendency to fall sick as soon as the weather changes, and you have a marketing strategy that makes itself. Making the most of that, in January 2023, the drinks company (or hydration pharmaceuticals company, as it likes to call itself) Hydralyte (ASX:
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The Australian Reserve Bank has been aggressively increasing interest rates over the past few months—a trend that is prominent worldwide. It has led to an 8.4% decline in the country’s housing market, the worst in about four decades. People are strapped for cash, attempting to cut corners and keep within budgets. Suffice it to say,
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Terminated acquisitions, senior resignations and a plummeting share price—family lawyers AF Legal (ASX: AFL) have had quite an edge-of-the-seat first half of FY23. Even as divorces boomed during the pandemic and after, the Company was focused on saving its marriage within. And now, after what we’re assuming was an intense couple’s counselling, it vows transparency.
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Time is money. Speed is customers’ expected ROI. And data security is everything. If the recent China-US balloon war has taught us anything, it’s that your company’s intelligence is your most valuable—and hunted—asset. That’s what encouraged many organisations to initially set up their own networks to avoid exchanging sensitive information on a public one. However,
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In a rollercoaster day for health and wellness company Fiji Kava (ASX: FIJ), its acquisition of American kava brand Leilo was terminated due to shareholder disagreements. At the same time, it brought on a new distributor—CJ Patel—in an $11 million deal. Fiji Kava had been preparing for this acquisition for a while, as it was
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Cybersecurity and customer service are among the two most valuable company assets right now. So it’s no surprise that companies like software solution company Prophecy International (ASX: PRO)—offering customer experience analytics and cybersecurity solutions—are in demand. In H1 FY23, the Company reported $9 million in revenue, up 18.4% on H1 FY22. As of December 31,
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To survive in today’s cut-throat business environment, you must have a foot in every door. For engineering design and construction company Aerison (ASX: AE1), that means expanding its services across Australia by offering eco-conscious solutions and varied infrastructural capabilities. In doing so, it is tapping into newer industries and, subsequently, more money. Aerison has received
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Australia needs labour. Job vacancies in the country are 95% higher today than in Feb 2020. There were over 444k vacant roles as of August 2022, cementing Australia’s alarming labour shortage—second to that of Canada—and the need to address it asap. The labour shortage has left many companies in limbo, with about 40% of SMEs
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The Buy Now Pay Later boom that took off at the pandemic’s beginning is finally fading away. And Aussie finance companies, like BNPL provider Openpay (ASX: OPY), are the worse for it. Melbourne-based FinTech company Openpay has surrendered control of its assets, operations and trading activities to partners of insolvency specialists McGrathNicol: Barry Kogan, Jonathan
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Centuries ago, if you failed to pay your debt, you’d have to offer yourself up as collateral, or, in the case of multiple creditors, you would be chopped up in proportion to their shares. Now, you can either negotiate your way out or risk losing your company. Chinese e-learning and tech company Retech (ASX: RTE)
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So you’re in the store about to make a massive purchase by tapping your credit card, when suddenly, you hesitate. This is about to make a huge dent in your wallet in one fell swoop, so you decide against it. You might have one less problem to worry about soon as Buy Now, Pay Later
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Good luck comes in threes for high performance Computing-as-a-Service provider Dug Technology (ASX: DUG), as it locks in a $3.6 million order from geoscience tech company Searcher Seismic. As per the Company, this represents Dug’s share in a multi-client data sale that Searcher made a few years ago. Searcher and Dug have a partnership history.
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By 2024, the metaverse is expected to become an $800 billion market. Building on virtual reality and augmented reality techs, the metaverse gives rise to a virtual world where you can interact and engage like you would in real life. Tech giants, including Google, Amazon and Microsoft, have invested billions into the metaverse, making it
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Kelly+Partners Group or KPG (ASX: KPG) is an accountants network, and they’ll have you know that they mean business. As the second half of FY23 begins, the Company has already released its audited financials for H1 FY23. KPG’s net profit is up 7.5% to $3.6 million, and it witnessed a 42.2% revenue growth to $44
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Recovering from its rebellious phase—and after being disciplined by the ASX—global natural beauty and wellness company BWX Limited (ASX: BWX) is finally sobering up. After its financial fiasco in 2022, the Company reported sales revenue of $38.1 million in Q2 FY23, significantly lower than its target. Of course, revenue was impacted by its dented revenue
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The infant formula market has more than doubled over the past decade. But not all companies have managed to keep up, thus making it a lucrative market for the few that have. Infant formula companies, like Bubs Australia (ASX: BUB), saw it as an opportunity to expand into global markets, even becoming one of the
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Remember the movie Top Gun—1986 or 2022? Imagine that but instead of Tom Cruise or any of the other unfairly good-looking pilots at the helm, there was nobody. Eerie, right? Not for the independent aerospace composite company Quickstep (ASX: QHL). Its aerostructure business has secured a contract from the world’s first cargo drone airline, Dronamics,
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An uncommon sight for mining companies, Western Australia-based gold mining company Viking Mines (ASX: VKA) has won the judge’s favour and over $4 million from its lawsuit against the buyers of its gold mining project in Ghana, Akaose Project. The buyers of the $14 million project include Akoase Resources Limited, BXC Company Ghana Limited and
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Over three million Aussies cycled every week in 2020—be it to get to work or for recreation. Interestingly enough, only about 30% of the purchased bikes belonged to kids. Cycling-conducive areas and health consciousness have urged people to cycle, which has boosted the business of related goods and services—like bike cameras and safety appliances by
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Moving on from former Managing Director Geoff Bainbridge’s drugs fiasco, whisky producer Lark Distilling Co (ASX: LRK) has finally settled the dust. Though its financials are not up to H1 FY22 levels, in FY23, it is gunning for growth with a renewed targeted marketing strategy and new CEO. In the first half of FY23, Lark
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Even as shoppers return to stores and get back on their shopping sprees, value apparel retailer Best and Less (ASX: BLG) is struggling to attract customers. In H1 FY23, the Company delivered an unaudited total revenue of $324.8 million, a 13% increase on H1 FY22. However, its EBITDA was down 28.2% to $22.1 million. Best
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In October 2022, the recruitment screening company CVCheck, or previously CV1 on ASX, got a makeover: a new name, new identity and now, new staff to see it through its new motto, Know Your People. It is now the regulatory tech company Kinatico (ASX: KYP), comprising solutions including CVCheck (pre-employment background screening), Cited (cloud-based workplace
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Smart city tech company SenSen’s (ASX: SNS) revenue is up, cash receipts have increased and loans are repaid. Oh, and yeah, it is facing a lawsuit and laying off employees to cut costs. For most companies, the latter would be big deals; but for SenSen, they are minor inconveniences requiring brief mentions. In Q2 FY23,
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Have you skipped online checkouts for in-person queues lately? With the end of pandemic lockdowns, many Myer (ASX: MYR) customers have, thus driving the department store’s in-person sales up 38% in the five months leading to December 2022. Subsequently, the retailer’s online sales were down 9.4%. Not only does this represent customers’ return to stores
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Bouncing back from Covid stronger than ever, Australian engineering, construction and remediation contractor Duratec Limited (ASX: DUR) has been awarded a $100 million contract with the Australian Department of Defence to undertake wharf and harbour basin maritime upgrade works. The Company will start working on the project immediately, and commencement on-site is scheduled for May
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Reports of tech layoffs ruled the roost in 2022. Some companies struggled with labour shortages following the pandemic, while others struggled with retaining the right employees. This followed the resurgence of the ever-dreaded news: robots are taking over human jobs. That’s not quite accurate given that the majority of businesses still rely on human labour.
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Do you know how one of the main selling points of blockchains and crypto is that there are no middlemen with their noses in your business? That prospect is just as attractive in everyday business. Medical regenerative solutions company Osteopore (ASX: OSX) has acquired multiple medical distribution businesses and has now become a vertically integrated
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When people start subjecting their pets to their toxic relationship patterns, you know it’s cause for concern. After dumping their emotional baggage on them and making them companions, Aussies are now having to let go of their pets in light of the growing economic crisis. During Covid, more and more people adopted pets, perhaps to
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Picture living in an ideal world where everyone wins—you, your clients, and your crops (albeit not your insects). This is the utopia that Bio-Gene Technology (ASX: BGT) aims to achieve with its chemical-free insecticides that insects don’t develop an immunity to. Together with Israeli developer and marketer of crop production solutions STK Bio-Ag Technologies, the
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Jag Sanger may have been unceremoniously removed from leading media house The Market Herald (ASX: TMH), but that has not derailed their pathways towards profitability with the Company confirming it has a new focus now: digital classified ads. In August last year, The Market Herald acquired Australian online marketplace Gumtree, online car retailer Carsguide and
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How many tabs do you shuffle across every day? Probably more than you need to. Covid and hybrid work have given rise to a slew of online tools, all designed to help you improve your work processes. However, the need of the hour is not to diversify the tool suite but to streamline it. That’s
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As Covid fizzled out, the share price of medical device company Atomo Diagnostics (ASX: AT1) did, too, falling from $0.50 per share in 2020 to $0.059 today. However, the Company is not about to breathe its last with this slump. Instead, it is pivoting to a new diagnostic test—one expected to be worth around $3
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Perhaps China decided to make its own version of the drug or perhaps it proved that it could do so and fast. Whatever it may be, something told the specialised healthcare company Medical Developments International Limited (ASX: MVP) that it wasn’t a good idea to continue pursuing the country. And so, it stopped. Medical Developments
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Aussies are some of the most enthusiastic adopters of new clinical drugs. In 2019, 95,000 of us participated in nearly 2,000 clinical trials where Australia is home to many of the world’s leading scientists. In keeping with that, clinical stage biotech company Pharmaxis (ASX: PXS) has a thriving drug development pipeline set to report clinical
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The Australian housing market has left people in limbo with mortgage pressures forcing them to pinch pennies. As they cast around for low-cost lenders, fintech loan providers like Plenti (ASX: PLT) are enjoying their time in the spotlight. In Q2 FY23, Plenti’s loan portfolio increased to $1.67 billion, 51% above Q2 FY22 and 8% above
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It was the quarter to be in retail as Boxing Day and Christmas sales ushered in significant sales and the eradication of Covid lockdowns enabling Aussies to return to in-store shopping. Putting Covid on the back burner, 2023 looks pretty for retail businesses eagerly awaiting this return. Plus, with household budgets squeezed due to rising
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Following the unfolding of the Jag Sanger drama, media house and classified ads agency The Market Herald (ASX: TMH) is attempting to move on from the awkwardness with the appointment of new Interim CEO Tommy Logtenberg. Logtenberg is also the CEO and CFO of classified ads company Gumtree, which was acquired by The Market Herald
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Aussies have entered the new year on a healthy note as nutritional quick-service eatery Oliver’s Real Food (ASX: OLI) reported sales of $2.6 million in December 2022. Its unaudited earnings for December were $231k on sales of $2.6 million with the Oliver’s responding to the ASX’s regulatory requirements asking the Company to report monthly cash
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When was the last time you used Google or Apple maps? Perhaps just yesterday as you cast around for that eatery or maybe even on your way to work. With Google maps, you can zoom in and out of areas, discover precise locations and even get recommendations on how to get to your destination through
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Tech giants, from Amazon to Meta and more, have been laying off thousands of staff, cementing rumours of an ongoing recession. The economic downturn is not limited to the US, though. Ironically enough, Australian employee well-being company Limeade (ASX: LME) is laying off 15 per cent of its employees as part of its cost-cutting initiatives.
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Once one of the biggest names in the pharmaceuticals industry, Mayne Pharma (ASX: MYX) has suffered a string of bad luck—or bad decisions—since 2015. It has consistently been reporting losses to the tune of millions. In FY22, it reported a loss of about $260 million. Shareholders have been eagerly standing by for a financial miracle
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Soccer (or football, as some aficionados would leap to correct) is the world’s most-played sport. In fact, its popularity has increased following the FIFA World Cup, which saw millions of people tuning in for every match. The enthusiasm is high and the ambition to become a soccer player even higher, especially when you consider the
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As companies worldwide design plans to pull themselves out of the FY22 financial funk, Aussie-based advanced tech equipment company Ambertech (ASX: AMO) is counting on acquisitions. In keeping with that, it is set to acquire distributor Convoy International for about $3 million. Convoy International is an importer and distributor of hi-fi products, like speakers, amplifiers
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The construction industry has a bad rap for polluting the environment. As per the Clean Energy Finance Corporation (CEFC), nearly 40% of all global carbon emissions are ascribed to the buildings segment. In fact, in 2021, concerns grew so much that investments to make it greener increased by 16% to $342.7 billion. One company all
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The Covid vaccine functioned by introducing the virus into our bodies, thus encouraging them to build antibodies. It was the usual fighting fire with fire. Sometimes, however, antibodies fail to do their job when faced with the disease. They end up blocking other pathways instead, thus creating side effects and leaving us to fend for
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Since crypto’s downfall last year, investors, like Perth-based Bitcoin and digital asset fund manager DigitalX (ASX: DCC), have had to undertake some serious damage control. Late last year, the CEO of crypto exchange FTX Sam Bankman-Fried was arrested for misusing customer funds. The revelations—of FTX funds being misdirected to Bankman-Fried’s trading company Alameda Research—sent not
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Artificial intelligence biotech company Volpara Health (ASX: VHT) has started the year by raking in the money (is there a better way?), and shareholders are here for it. Volpara has signed five contracts worth $11.34 million (NZ$12.3 million) combined. The five-year contracts include some leading US healthcare companies, including Bon Secours Mercy Health, Northside Hospital,
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Gold brings good luck—or at least that’s what most festivals suggest, including the upcoming Chinese New Year on January 22, 2023. It may be good ol’ folklore or maybe not, but one thing’s for sure: businesses that sell gold sure do get lucky during this time. In 2021, China saw a massive surge in gold
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Every day, two people are diagnosed in Australia with a form of motor neurone disease (MND). MND entails a group of diseases that attack your motor nerves, leaving your muscles to become weak and degenerate. According to the International Alliance of ALS/MND Associations, MND affects over 350,000 people globally and kills over 100,000 people every
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Everything is fair in love and war, even semiconductors… especially semiconductors. The second largest industry in the world after finance, semiconductors are the new faster, cheaper and more efficient brains of modern technology, including your smartphones and laptops. Your iPhone is powered by a semiconductor chip as is your microwave. Though minuscule in size, they
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It’s a bird! It’s a plane! No, it’s a drone swarm and it is declaring war. The Russian invasion of Ukraine made one thing clear: drones are now an integral part of the military arsenal. Low-cost, lightweight and powerful, drones can transform the way countries fight, thus increasing the need for defence drones that can
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In what can be considered a smashing end to its year, material tech company Matrix Composites & Engineering (ASX: MCE) has received a purchase order for approximately $44 million from multi-national oilfield services company Saipem. As per the order, the Company will produce and deliver its Subsea Umbilicals, Risers and Flowlines (SURF) distributed buoyancy modules
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To say that it’s a bad time to be in Aussie real estate is an understatement. Skyrocketing interest rates, high rents and inflation have left citizens with a foul taste for homebuying and renting, and property portals like Domain (ASX: DHG) are reeling under the impact. After undertaking a “broad-ranging review” of its cost expectations,
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Picture this: You conjure up your dream house on paper; the next day, a robot turns it into reality. That’s the idea robotic tech company FBR (ASX: FBR) is realising with its Hadrian X Wall-as-a-Service technology. However, it’s not without its roadblocks. Australia has been facing a housing shortage for the past year, propelled by
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In less than a month after deploying its 500th ATM, FinTech company Findi (ASX: FND) has unlocked a new milestone on its India journey. The Company has surpassed the deployment of 1,000 ATMs for the Central Bank of India (CBI) ahead of schedule. While much of the country has transitioned to digital payments (with over
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The global medicinal cannabis market is set to be worth about $80 billion in 2024. In Australia alone, there is a significant demand for marijuana-based medicine to help with a range of challenges, from pain and anxiety to Parkinson’s and Arthritis. Businesses like Bioxyne (ASX: BXN) are attempting to make the most of the boom.
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Say you go to the doc once and the rest of your tête-a-têtes happen online. While you’re told your next course of action, it is likely that the doctor didn’t come up with the solution. An artificial intelligence (AI) software, like Beamtree’s RippleDown, did. AI tools save time, make things efficient and end up saving
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For 12 months, eCommerce store Cettire (ASX: CTT) has been scrutinised and watched like a hawk as its CEO Dean Mitz cashed out his shares in the Company consistently—first in March, then just last month. Besides that, seeing the rocky year that eCommerce has had, Cettire also dealt with financial setbacks. Now, it is bouncing
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Have you been nuts about Aussie almonds lately? Turns out, so has the rest of the world. Pointing to the Australian Almond Board Position Report for October (covering March to October), agribusiness company Select Harvests (ASX: SHV) has revealed that total year-to-date (YTD) shipments were up 9% on the prior year, while China YTD shipments
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In the mood for some NICE advice? Here goes: The UK’s National Institute for Health and Care Excellence (NICE) has published a MedTech Innovation Briefing on PromarkerD, i.e. a predictive blood test determining diabetes kidney disease (DKD). The Briefing, dubbed NICE advice, reports that PromarkerD is effective at predicting renal function decline in people with
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In Australia, high-contact sports, like football, rugby and such, have some of the highest head injury rates in the world. There’s an average of five injuries per team per season, no matter how intense the competition. To add to that, whether these head injuries lead to concussions cannot be ascertained instantly. Symptoms might take anywhere
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A new bid for sustainable tech is here. So you’ve heard of watches powered by batteries, hand winding and solar energy. Now, make way for watches, among other electronic wearable devices, to be powered by the moisture in the air (unsure whether spit or warm breaths count). Research services company Australian Advanced Materials (AAM) and
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Upon his appointment in August this year, Live Verdure (ASX: LV1) CEO and former Managing Director of Loreal, Mark Tucker, had stated, “The foundations are in place, and the time is right to deliver results for shareholders and stakeholders.” It looks like he is a man of his word. A testament to his tenure, the
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Ending the year on a high, Aussie ESG tech company K2Fly (ASX: K2F) has secured an order from London-based global miner Anglo American, which has a market cap of over $75 billion. Put in perspective, K2Fly’s market cap stands closer to about $30 million. The Company will provide its Mineral Resource Governance Solution, Resource Disclosure,
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With hospitals at large struggling to retain staff following the pandemic, healthcare companies like Healius (ASX: HLS) have had to reevaluate their portfolio and cut their losses. So, four years after acquiring it, Healius has decided to let go of Montserrat Day Hospitals based in North Lake, Australia. The Company has entered into a binding
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The hunt for the perfect Christmas gifts has begun as people start circulating their wishlists. And from the looks of it, hampers featuring festive must-haves are all the rage among shoppers. Call it nostalgia or faith—many people opt for the premium gifting and food and beverage products by Maggie Beer Holdings (ASX: MBH). Maggie Beer
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The camera is a surprisingly powerful tool, recording not just your last meal but also a Karen needlessly yelling at you or a car hitting you and making a run for it. Now that visual proof is everything and “photo or it didn’t happen” has become the norm, cyclists on the road are upping their
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With a decent amount of money saved up as a result of the pandemic, people are choosing to tick some big items off their bucket lists. For some, that means buying that dream car—preferably used. The luxury car market in Aus is expected to bring in over $200 million by 2027, and companies like luxury
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Covid made many things worse, including the lives of asthma patients who were more vulnerable to the disease than others. About 50 million Americans live with asthma, a respiratory disease involving inflammation in the airways, or COPD (chronic obstructive pulmonary disease). In the US, 30-day COPD re-admission rates are as high as 38%. In fact,
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Maybe it was too shaken by the retirement of its director or it was really focused on its acquisition of Nine Ocean Group. Either way, for some reason, the secondary producer of nutraceuticals, seafood products and premium marine ingredients New Zealand Coastal Seafoods (ASX: NZS) hid its sales number during the Annual General Meeting, potentially
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During Covid, upskilling became a buzzword with people across nearly all professions taking up career development courses. Rest assured, employees were not the only ones that reaped its rewards. Employers, too, got the chance to have an upgraded workforce at a lower cost. In the same spirit, global training and human resources software-as-a-service (SaaS) provider
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Have you ever delayed buying an expensive item to prevent causing a dent in your wallet and hoping the price might go down? You’re not alone. That’s where Buy-Now-Pay-Later (BNPL) services like Splitit (ASX: SPT) make things a bit easier, allowing you to pay in monthly installments instead of losing a lot of money in
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Drug development company NeuroScientific Biopharmaceuticals Ltd (ASX: NSB) is not ready to give up on EmtinB, its trademark drug that didn’t make it past the Human Research Ethics Committee (HREC) and resulted in the Company’s previous CEO resigning. Remaining undeterred, it has filed a new patent, entitled “Neuroprotective compositions and methods”, that will use a
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In a keyboard warrior popularity contest between HotCopper and the AFR, the former would probably win. And while Managing Director of The Market Herald (ASX: TMH), Jag Sanger, is nearly aggressively proud of that, investors aren’t so impressed. Recently, the Company’s poor financials and questionable growth strategy have led to calls for Sanger’s removal. The
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Remember when Frank Sinatra caught a cold and couldn’t perform? He might as well have thrown in the towel and joined the crowd outside Nat King Cole’s venue; his voice was his identity. The only difference between Sinatra and nitrile glove manufacturer VIP Gloves (ASX: VIP) is that Sinatra had a personality beyond singing. VIP
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How can governments minimise casualties during the war? One solution is to send fewer people. That’s what tech, like drones, enables without compromising safety—which is probably why many countries are jumping on the bandwagon to secure some advanced drones. Just one day after it delivered an over three-million-dollar US government order, defence industry company XTEK
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“WTF” is not just our reaction to reports of dwindling freshwater supply worldwide. It’s also a solution when you realise that the abbreviation WTF (in the current context, at least) stands for Water Treatment Facility—one that water tech company Clean TeQ Water (ASX: CNQ) is about to install at Cleveland Bay Purification Plant in Townsville
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As travel resumes and restrictions lift, Aussie travel services company Helloworld (ASX: HLO) is finally getting some time in the spotlight after a couple of less-than-satisfactory years due to Covid. Its financials paint a pleasant picture with Helloworld’s year-to-date (YTD) revenue totalling $41.6 million, up 180% on the prior corresponding period. After an EBITDA loss
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Recently, US President Joe Biden confused Cambodia for Colombia as he thanked the latter’s prime minister for an ASEAN conference hosted in the Southeast Asian country. They may all be potayto-potahto for Biden; but for wastewater treatment solution Fluence (ASX: FLC), the two countries represent distinct projects that are bringing in the money, with Cambodia
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In rural India, where the fintech infrastructure is still developing, there is a dire need for companies to set up shop with digital payment services. But until that happens, Findi (ASX: FND), formerly Vortiv, is witnessing substantial earnings growth via transaction fees charged throughout their ATM network. With its country-wide ATM rollout with the Central
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High interest rates have left Aussies in a lurch, postponing their grand purchases and consolidating their debts. A downside of debt consolidation is that you could end up paying a greater interest rate. That’s why people are counting on non-traditional banks, like neo-lender Wisr (ASX: WZR), which provides interest rates based on an individual’s credit
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When auditors are unable to get around your financial statements for four months, you know something is off big time. But the question on investors’ mind is: how bad is it? Natural beauty and wellness company BWX (ASX: BWX), known for its brands Sukin, Go-To and Mineral Fusion, is yet to disclose. After releasing a
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Wars have changed. Though they continue to impact human life severely, they don’t require as much human intervention because of tech growth. Drones used in the Russia-Ukraine war ushered in a gruesome reality check for countries, compelling them to up their drone tech capabilities. To do so, counterdrone tech company DroneShield (ASX: DRO) has teamed
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Aussies want to recycle, but less than 20 per cent do so. Rest assured, lack of interest is not the problem; lack of infrastructural capabilities is. So, clean tech company Environmental Clean Technologies Limited (ASX: ECT) has signed a binding Memorandum of Understanding with the Calleja Group, owners of JBD Industrial Park, to develop a
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Like the Suicide Squad, AF Lawyers’ (ASX: AFL) super firm dreams with GTC have gone bust. What’s more? Much of the squad has left, too, from CFO Pratyush Jagdishwala to Executive Director Grant Dearlove. The company has seen it all in less than six months: scandal, power tussle, financial losses. What’s going on? For a
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Elon Musk’s turbulent reign as Twitter CEO has the world on edge—what with him laying off thousands of employees, wanting to issue a fee for the blue tick, and scaring off advertisers. Still, software company Netlinkz (ASX: NET) seems undeterred as it signs on to the Musk experience with SpaceX (Space Exploration Technology Corp.) Access
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Right now, employees make generous use of social media platforms, from LinkedIn to TikTok, to share their experience with an employer, especially if it is negative. And recruitment tech company Xref (ASX: XF1) can do little about it. However, what if it could nip the complaint in the bud before it becomes social media-worthy? It
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Global wastewater solutions company Fluence (ASX: FLC) has pulled a “new (financial) year, new us” move as it secures new contracts and realigns the company to boost efficiency. The Company has secured new strategic orders, including its first wastewater treatment contracts in Taiwan and Korea. Plus, the Company is undertaking organisational improvements to boost its
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Even as prices soar in everyday stores, Aussie mums are not about to strike a compromise. When buying clothes for their kids, they want the best, even if that means spending more. Perhaps that’s why, even when online shopping is all the rage, retail company Best & Less (ASX: BST) is witnessing its online sales
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Imagine a headache so intense that the literal ear-throbbing pain results in blindness or other vision impairments. Even though sometimes it may not be so extreme, Idiopathic Intracranial Hypertension (IIH) can take such a form, making it integral to develop a cure for the same. Invex (ASX: IXC) believes that it has got one with
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Biopharmaceuticals company Zelira (ASX: ZLD) is taking a stab at redemption. After a misstep this July by not announcing its German expansion, the Company lost shareholder trust. Now, it is attempting to get it back with new milestones revealed on time for its clinical trials targeting diabetic nerve pain. The trial has been designed as
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This year has been less than ideal for the meal kit delivery service My Food Bag (ASX: MFB). Fewer deliveries, poor customer retention, Omicron, and more hampered its progress. Worst of all, its marketing activities backfired. Now, there’s one question on its mind: What do customers want? Hopefully, they will figure it out soon. In
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Picture this: You are a thriving real estate investor with assets across the country, and you’ve never had to put in the work of vetting or managing them. That’s the dream that property-based fund managers MDC (Murray Darling Capital) Trilogy wants to realise for its investors through its Wholesale Yield Fund I investment plan. To
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This is a spotlight moment for cybersecurity companies. Hackers are giving it their all and companies’ current cybersecurity systems are failing to put up a fight. So, if your cybersecurity company is still not doing well, there are things to reevaluate. That is exactly what cybersecurity company archTIS (ASX: AR9) is doing, following its reports
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Few atmospheres compare to a sporting event. There is excitement and nervousness as the competition culminates in an adrenaline-filled finish. This was evidenced in the recently concluded T20 Cricket World Cup. Millions around the world tuned in to watch, and now, they will get access to match archives as the governing body Cricket Australia has
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Over 100 million people worldwide suffer from glaucoma—a cocktail of eye infections resulting in blindness. Though glaucoma has no cure, some treatments can aid vision loss, slowing down its progression or intensity. One such treatment is MedTech company Nova Eye Medical’s (ASX: EYE) glaucoma surgical devices, which witnessed sales revenue of $5.66 million between July
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When it comes to environmentally-friendly vehicles, right now, electric ones take the top spot. However, with the sustainable movement in full force, companies are not stopping at that. In fact, Japanese tech giant Panasonic is experimenting with hydrogen-fuelled vehicles to dethrone EVs. And to do that, it has chosen energy and resource tech company Environmental
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In June of this year, Australia’s timber supply crisis took the real and reel world by storm, with people on TikTok turning the situation into a short, shocking documentary. After all, currently, construction workers are in disarray, struggling to find timber to build houses. Keeping its eyes on the prize, materials supplier and distributor Big
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An in-depth analysis of the Australian and African mining industries has found that boosting productivity is the need of the hour. And one way to achieve that is with artificial intelligence (AI). In keeping with that, drone-based data provider, Delta Drone International (ASX: DLT) has announced a new product addition to its data solutions business
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In the pursuit of gold, when do you know that you’ve hit a sparkling rock that is anything but? This is a story Kore Potash (ASX: KP2) knows all too well as the Company deals with mistrust from the Minister of Mines of the Republic of Congo, following the arrest and release (without charge and,
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With the Australian Open around the corner, Tennis Australia has confirmed that media company Nine Entertainment (ASX: NEC) will be retaining the exclusive rights to broadcast it and other such events for the next five years. Both companies have extended their contract for five years, and Nine has gained rights to all premium tennis played
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More than 100,000 people in Australia live with Parkinson’s—a central nervous system disorder affecting one’s movement and mood. It is a progressive disorder which currently has no cure and few treatments. However, researchers at Parkinson’s UK have a new reason to hope. They are investigating whether early detection and treatment of certain sleeping disorders might
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With countries upping their warfare capabilities every day, companies like AI (artificial intelligence) defence solutions company DroneShield (ASX: DRO) get to expand their customer base. In fact, the Company has received an order worth nearly $1 million for several of its DroneSentry-X units for an international Government agency. Full payment and shipment are expected to
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As if crypto was not already having a tough year with the global stock market crash, it now has a new woe to deal with: Binance pulling out of the FTX merger deal. On November 8, both crypto exchange companies’ CEOs publicly announced that Binance would buy its rival FTX, as the latter suffered from
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To sell in the US market, every foreign company needs the support of locals. For medtech company Singular Health Group (ASX: SHG), that is Kelyniam Global Inc. The Company has appointed Kelyniam as its US-based agent—a key appointment and integral pre-requisite to satisfy the final FDA regulatory requirement, prior to Singular Health entering the US.
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It’s a tough time to be in the real estate sector. With interest rates rising globally and fewer people being able to afford homes, demand is falling, as is overall revenue. For Aussie property tech giant REA Group (ASX: REA), this has meant dealing with declining listings and profits. As per its reports, national residential
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As the global rates of heart disease increase, countries are adopting tech solutions for early detection and prevention. That’s where Australian medical technology company Artrya (ASX: AYA) comes in. The Company reported that it had received regulatory approval for its Salix Coronary Anatomy (SCA) product in the United Kingdom. The European Notified Body (BSI) has
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In late October 2022, the Loddon River in Victoria reached historic levels, flooding many of Victorian residents’ homes. Along with that, the floods also nearly engulfed the ECS Botanics Holdings (ASX: ECS) medicinal cannabis production and processing facility located there. The floods affected everyday work at the ECS facility as significant road closures and flooding
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All the world’s a stage, and it is counting on translation companies to get the word across. From the looks of it, translation is where the money’s at as next-gen language service provider Straker Translations (ASX: STG) joins the roster of companies profiting from providing translation services to tech giants. Straker has announced that the
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After what appeared to be an endless nightmare for Lark Distilling Co. (ASX: LRK), the liqueur company has finally appointed a new CEO–Satya Sharma–putting the final nail in the saga of former CEO Geoff Bainbridge who hastily stood down earlier in the year amid news of his illicit drug use. Satya Sharma, who was global
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Fail a few times and you realise that it’s probably best to just call it quits. Surface chemistry company Anteotech (ASX: ADO) took a few more hits before it realised that it had to call time of death on its EuGeni SARS-CoV-2 Ag RDT1 European clinical trial. After spending millions on these trials, the Company
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For the past few years, stem cells have come out on top as a reliable solution to many health concerns, from diabetes to cancer. Clinical stage BioTech company Cynata Therapeutics (ASX: CYP) has been testing stem cell therapy for kidney transplant patients. The Company announced that Leiden University Medical Center (LUMC) is funding an important
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For Aussie mums looking to upgrade their health routine, Halo Foods Co (ASX: HLF) has some good news. The Company’s subsidiary health and well-being business for mums, The Healthy Mummy, will soon have its products stocked nationally in Woolworths supermarkets across Australia. As a key growth pillar of The Healthy Mummy (THM), Halo has been
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That Covid-19 transformed the world’s hygiene habits is well-known. What’s more? Organic healthcare products company Skin Elements (ASX: SKN) made the most of it. For instance, its hospital grade disinfectant SuprCuvr is being used globally (and generously), thus positioning the Company for profitability. Rest assured, its success wasn’t all thanks to the pandemic, given that
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How far can you go as a business with only a little over $4 million in your bank account? Frankly, not a lot. However, Fintech company IOUPay (ASX: IOU) feels otherwise as it reports an operating cash outflow of $1.7 million in Q1 FY23, leaving the Company with only $4.1 million in its bank accounts.
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Would you rather get ten million dollars in ten years or one million dollars today? Million dollars or not, the juice processing company Food Revolution Group (ASX: FOD) seems to be playing the long game to garner profits. This quarter, its cash balance fell by $300k as it undertook manufacturing and operating expenditure of $6.3
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As the world moves towards electric vehicles to be more sustainable, global scooter manufacturer Vmoto Limited (ASX: VMT) is profiting off international demand for its electric vehicles. In Q3 2022, the Company sold 11,809 units from its B2B and B2C product range, with nearly 90% being sold to international markets. The total international units sold
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Are brick and mortar stores really dying? It sounds like a morbid thought, but it is becoming way too real for shopping centre chain Vicinity Centres (ASX: VCX) that might be losing its customers to online shopping post Covid. The Company reported that fewer businesses are renewing their leases, with only a 0.1% increase in
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The past year has cost Tasmanian food company Tasfoods (ASX: TFL) a pretty penny. In fact, the Company reported net loss after tax of $5.4 million, up nearly 300% on 1H FY21, driven by nearly all of its segments. That’s why, this quarter, it kept its focus on cost management initiatives, starting with its FY22
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The state of cybersecurity, with the fall of Optus and Medibank, has Aussies contemplating their digital choices. For all the blather of privacy and safety, companies are falling short of actually seeing through their promises. That is why cybersecurity company Senetas (ASX: SEN) is betting big on its Israel-based solution Votiro, into which it invested
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As part of its UN Sustainable Development Goals, Egypt has had its eyes set on two main issues: poverty and local development of products. For the latter, it is working with sustainable tech company Papyrus Australia (ASX: PPY) to establish a national industry in Egypt. It will retrieve, process and repurpose banana plantation waste using
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Covid-19 revealed the ugly cracks in the global healthcare system, unveiling a need for better tech and more workers. Thankfully, many students have taken it upon themselves to be the flag bearers of change as EdTech company Keypath Education International (ASX: KED) reports a revenue growth of 17% on Q1FY22 within its healthcare offerings. Overall,
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Taking note of customer trends shifting towards sustainability and plant-based products, Pure Foods Tasmania (ASX: PFT) has expanded its capabilities, and it seems to be working. In Q1 FY23, the premium food company reported a sales revenue of $2.17 million with an increase in gross profit margins. Its revenue has grown by 40% per annum
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Would you call selling your intellectual property to your own company a boss move? For Managing Director, Prof Camile Farah, heck yes. Endomicroscopic imaging tech company Optiscan Imaging (ASX: OIL) has entered into a binding Terms Sheet with Managing Director, Prof Camile Farah, to acquire intellectual property in the form of clinical and histopathological datasets.
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As India’s digital payments ecosystem grows, financial tech companies like Findi Limited (ASX: FND) are getting to make the most of the boom. In fact, the Company has received notice from the State Bank of India stating that its supply of 3912 ATMs into several states in India has been extended to 31 December 2023
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Marine tech manufacturer VEEM (ASX: VEE) has received an order from defense contractor BAE Systems Australia to manufacture two propeller blades and a hub under the demonstrator program for the Hunter Class Frigate Program (HCFP). The contract is worth $1.7 million, aimed to be completed by Q2 2024. The completion will ensure that VEEM qualifies
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After seeing a revenue uptick in FY22 as people casted around for loans and second-hand items, non-bank lending company Cash Converters (ASX: CVV) turned its attention to increasing its acquisitions to serve a greater customer base. In keeping with that, the Company is all set to acquire the Cash Converters New Zealand Master Franchisor for
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With the advent of NFTs and social media, you’d think independent artists were having the time of their life, profiting off their work. However, Melbourne-based online marketplace Redbubble (ASX: RBL) is telling a different story as the Company reports revenue decline of 5% on a floating basis, and 8% on a constant currency basis. Such
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At a time when sustainability and independence have become foundational to companies everywhere, battery tech company Novonix (ASX: NVX) is being recognised by the U.S. Department of Energy (DOE), as it gets selected to enter negotiations to receive US$150 million in grant funding. With the money, it aims to expand its domestic production of high-performance,
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Some would say it’s a tough time to be a job hunter, what with the economy and all. So, companies like recruitment and jobs marketplace Hiremii Limited (ASX: HMI) are using artificial intelligence to match employers with potential candidates. It’s like a dating app but better as it involves financial benefits for both sides. It’s
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Spent some time in heartbreak hell lately? Turns out, so did many Aussies. The pandemic made many couples revisit their vows and remove the happily ever after clause. This surge has set the stage for Australian Family Lawyers (ASX: AFL) has decided to merge with GTC Legal Group to create one of the largest personal
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At 4PM AEST, ASX trading hours end. At 5:35 PM, smart locker development company TZ Limited (ASX: TZL) revealed a massive, potentially damaging, screw up with its 2022 financial report numbers. The Company reported a higher revenue and EBITDA for 2022, inflating its amounts by over $1 million! TZ reported a profit of $42k without
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“Coronary Artery Disease. We see you.” Quite literally, healthcare company Artrya (ASX: AYA) sees your heart disease through its artificial intelligence solution Salix, which uses AI imaging to detect the intensity of your heart disease and aims to leverage its tech to access a global market alongside another jab at its FDA approval. In June
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Addressing the FIFO lifestyle characteristic of the mining industry, Swift (ASX: SW1) plans on employing its Swift Access solution to make sure employees are not starved for entertainment when away from home, when working at one of the nine mine sites operated by Mineral Resources (ASX: MIN). The contract is worth $3.4 million in subscription
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You can have all the finest technology in the world. But if mother nature decides it’s not your season, you can rest assured that it won’t be your season. And fruit and veg producer Costa Group (ASX: CGC) is a testament to that. The Company reported that Australia’s adverse weather conditions, including both higher rainfall
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The past few years have made one thing clear, you just can’t imagine a world without tech. More recently, however, the narrative has grown to include sustainability and user-friendliness in tech. If we are going to live in an advanced world soon, it better not be at the cost of our time and energy. In
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With Covid restrictions lifting, people are back on the roads, and the demand for used and new vehicles is soaring. Companies are having to expand their footprint to keep up with this demand. Given that, Autosports Group (ASX: ASG), through its wholly-owned subsidiary, Prestige Group, has signed an agreement with Dexus Wholesale Management Limited to
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Even as international borders reopen, Aussies are all about exploring locally as Camplify (ASX: CHL) reports significant growth in domestic bookings. As we edge closer to holidays, people are looking to hire RVs and motorhomes to make the most of their vacations. The Company recorded a total revenue of $5.46 million, with Camplify’s Australian business
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Artificial intelligence company BrainChip (ASX: BRN) has been granted its tenth US patent for “An Improved Spiking Neural Network” in October 2022. The patent protects the learning function of BrainChip’s digital neuron circuit implemented on a neuromorphic integrated circuit/system, like its flagship product Akida. Through this patent, the Company protects a feature associated with choosing
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As Aussie parents scramble to find good quality education centres for their kids, health and community education provider EDU Holdings (ASX: EDU) might have good news for them as it witnesses an increase in enrolments following the recent introduction of childhood education into its Ikon business. The Company reported that in trimester 3, 2022, enrolments
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Health data analytics company Beamtree (ASX: BMT), formerly PKS Holdings, has partnered up with Saudi Arabian healthcare tech company Lean, which specialises in providing health management solutions. The two companies will take a stab at improving the Kingdom’s existing private and public healthcare system, especially its grasp on data analytics. Phase 1 of this project,
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With remote work reigning supreme owing to Covid-19, Melbourne-based SaaS IT company Knosys (ASX: KNO) seems to be getting the better end of the deal as it signed a three-year contract worth over $5 million with ANZ bank. As part of the deal, the bank will receive continued access to Knosys’s KnowledgeIQ offering. Moreover, ANZ
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Picture this: a quantum computing chip that works smoothly at room temperature. For those not in the know, a typical quantum chip requires sub-zero temperatures, such as -273 degrees. Materials technology company Archer Materials (ASX: AXE) has challenged that by using complementary metal–oxide–semiconductor (CMOS) chip technology to detect quantum information in the 12CQ qubit material
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The Melton region of Western Melbourne has become the hot spot for political discourse. Its growing population is weighing heavy on the decisions made for the area, especially when it comes to its infrastructural development. To cater to this population growth, engineering company EVZ Limited (ASX:EVZ) has secured a contract with Aqua Metro to design
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With remote work allowing you to work from any corner of the world, and we mean any corner, you must account for networks in the area and that’s where satellite devices, like Iridium GO!, come in. Iridium GO is a popular portable satellite hotspot device, and it has recently given new orders worth $2.5 million
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Kiwi insurer Tower Limited (ASX: TWR) has made it official with New Zealand-based Kiwibank. The Company announced that it has acquired and assumed the rights to its portfolio of insurance policies underwritten by Tower for $5.9 million, thus growing the two companies’ relationship from Partnership to Direct. Since 2006, Tower has been providing insurance to
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It so appears that music tech company Jaxsta (ASX: JXT) is a shopaholic lacking a solid financial plan as the Company reports a monthly burn rate of about 16%, with cash burn in its September quarter amounting to nearly $1.4 million. Data costs, marketing spend and more made up most of its expenditure. Compared to
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The Aussie way has caught up to sports betting company PointsBet Holdings (ASX: PBH) as it expands its US portfolio to include horse racing betting. The Company’s subsidiary Premier Turf Club, i.e. BetPTC, has entered into a five-year agreement with North American horse racing company 1/ST TECHNOLOGY, which is a business division of The Stronach
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The past 12 months have been an upwards journey for construction and engineering company SRG Global (ASX: SRG). Following an $80 million contract with two US companies, SRG has secured another win as its aboriginal joint venture “Bugarrba” gains a five-year term contract with Aussie mining giant Fortesue’s Iron Bridge site, worth $40 million. The
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With probiotics becoming a staple in people’s diets, microbiome health company Biome Australia (ASX: BIO) is enjoying its time in the spotlight. The Company reported sales revenue of $1.56 million in the September quarter of FY23, up 70% on the previous corresponding period. From $833k in 2020 to $4.1 million in FY22, the Company’s revenue
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As fewer Aussies look to buy property and more focused on coastal life, real estate agents are re-strategising to make the most of the opportunities. Real estate agency McGrath Limited (ASX: MEA) announced that it has acquired a 30% stake in its Central Coast franchisee, McGrath Central Coast, from principals Jaimie Woodcock and Mat Steinwede.
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After a successful entry into the USA during their recent dairy crisis, infant nutrition and dairy specialist Bubs Australia (ASX: BUB) has lodged a letter of intent to continue selling six Bubs Infant Formula products in the country till October 2025 and beyond. The Australian Company is one of only eight infant formula manufacturers globally
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At a time when potty training and iPad inductions are delivered at the same age, kids can get sucked into the toxic digital world quite fast if not monitored. Now, parents can look forward to a healthier digital experience for their kids as family-focused cyber safety company Family Zone (ASX: FZO) acquires student well-being SaaS
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In a surprising turn of events, it appears that Brutus and Julius Caesar are on good terms again as captioning company Ai-Media Technologies (ASX: AIM) and Australian broadcaster Seven Network sign a five-year renewal contract after a major breach of trust in January this year. An Ai-Media employee had leaked a video of a Seven
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Seems like few Aussies are into buying toys online as online toy retailer Toys“R”Us (ASX: TOY) reports total losses of up to $25 million despite increasing its marketing budget by over threefold! The Company is the exclusive licensee for Toys“R”Us, Babies“R”Us and associated intellectual property in Australia and New Zealand, where it relaunched in 2020
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Sportspersons and athletes can look forward to bidding adieu to steroids when it comes to the treatment of rotator cuff tendonitis, i.e. swelling of the shoulder muscles, as regenerative medicine company Orthocell (ASX: OCC) has a better solution: cell therapy. The Company conducted clinical trials for its patented injectable cell therapy solution, OrthoATI, and announced
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After less than satisfactory ventures in India and the USA, medtech company dedicated to respiratory health Respiri (ASX: RSH) is heading to the Philippines. The Company will establish a Company Centre of Digital Innovation Excellence, which will aim to drive digital product innovation to cater to American market opportunities, improve productivity and increase return on
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In another contract win for resource governance company K2Fly (ASX: K2F), the Company has been given the software development services order by Fortescue Metals Group (ASX: FMG). The contract is worth $1.2 million for an expected period of six months. The Company has received orders from entities related to or associated with Fortescue. It will
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The demand for cushy workspaces is on the rise as companies, like ergonomic furniture producer Inventis (ASX: IVT), witness increasing profits. To maintain this growth momentum, the Company has announced the acquisition of commercial furniture manufacturer Open Projects Group (OPG), which specialises in the design and supply of custom office tables, joinery and industrial kitchens.
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The healthcare industry has been at the centre of the world’s attention for the past two years. It has also been buried under a host of problems, from staff absenteeism to lack of adequate technology. That’s where allied healthcare company Healthia (ASX: HLA) comes in. The Company, with its “People Focus” strategy, is aiming to
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If applying for jobs wasn’t stressful enough, prepare to have your personal space invaded with facial recognition technology being a supplement to your CV. Pre-employment screening company CV Check (ASX: CV1) has teamed up with ID verification company Scantek to analyse faces of job candidates and ensure that they match with their CV. This way,
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Top-notch student accommodation providers and local governments can look forward to utilising the Superloop network in what can be considered a huge win for the network provider. That’s because Superloop (ASX: SLC) has acquired internet provider VostroNet Holdings Pty Ltd (VostroNet) for $35 million. VostroNet provides wholesale Fibre-to-the-Premises (FTTP) and WiFi networks to student accommodations
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Japanese caretakers will soon be able to look at non-verbal babies’ and senior citizens’ faces and break down facial expressions to understand if they are in pain. Digital pain assessment app PainChek Limited (ASX: PCK) has announced that it is expanding its activities to Japan following its acceptance into the Japan External Trade Organisation (JETRO)
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As more and more companies expand their portfolios to include more sustainable and eco-conscious offerings, Motorcycle dealership company Motorcycle Holdings (ASX: MTO) is not about to be left behind. The Company has acquired one of Australia’s largest motorcycle and electric vehicle importers and distributors, the Mojo Group, for $60 million. Melbourne-based Mojo Group is a
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Cannabis consumers rejoice, medicinal cannabis provider Cronos Australia (ASX:CAU) is very close to finally releasing its Canview platform to make the procurement of the drug an easy affair. The roll-out is happening across stages with the first one comprising a number of order fulfilment upgrades, process improvements and other efficiencies. It was deployed internally within
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Bid adieu to Coles Express stations and retail stores, as soon they will all spell out Viva Energy. In a strategic move for both companies, Coles Group (ASX: COL) has agreed to sell its petrol stations to oil refinery Viva Energy (ASX: VEA) for $300 million. While Viva will use this opportunity to become the
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Given a choice between everyday living and health insurance, which one would you opt for? It is ironic that people are having to choose between these two in the first place, but most are opting for the first. As living costs rise, people are cancelling their health insurance, urging companies like Aussie healthcare fund NIB
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Only for retail company KMD Brands (ASX: KMD) would the phrase “winter is coming” elicit bright smiles and enthusiastic cheers as Kathmandu jackets enjoy a moment in the spotlight with the highest-ever sales growth of over 24.5% for Q4. Though it was the brand’s best-ever winter performance, the excitement has thawed as fewer people buy
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Adelaide-based x-ray technology company Micro-X (ASX:MX1) has gained major bragging rights as the leading independent manufacturer of x-ray tech components Varex Imaging Corporation has invested $15 million into the business, thus commencing an equity partnership. As per the agreement, Varex will pay $7.5 million—in five ‘milestones’ for an exclusive licence fee to use Micro-X’s NEX
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Americans will now be able to indulge in Blue Dinosaur vegan protein bars with premium food company Forbidden Foods (ASX: FFF) going global having teamed up with US grocery network KeHe Distribution to sell its Blue Dinosaur products in the United States. This deal is a major retail moment for Forbidden Foods as it indicates
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Amid a tumultuous year, with fewer deliveries and trading challenges, meal kit home delivery service My Food Bag (ASX: MFB) CEO Kevin Bowler announced overnight that he is resigning from his position. After having joined the Company in June 2018 as its first independent CEO, Bowler took inventory of the matter in hand (think: lower
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Covid upended educational institutions, forcing them to go digital and encourage remote learning. Now, online learning is on its way to becoming the norm, and companies like edutech provider Janison Education (ASX: JAN) are making the most of it. The Company has signed a deal with Cambridge University Press and Assessment wherein Janison will provide
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In a bid to support local businesses, mining giant Rio Tinto (ASX: RIO) has engaged Matrix Composites & Engineering Ltd (ASX: MCE) to help it develop and manufacture a replacement product for structural steel components for trials at Rio Tinto’s iron ore operations in Western Australia. Though it is a joint development agreement, Matrix will
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China seems to be the hot spot for infant milk formula companies, as Clover Corporation(ASX: CLV) becomes yet another Aussie company to launch its product there successfully. As international borders reopened, the Company delivered nearly $41 million as sales rebounded and key infant milk manufacturers order volumes lifted. In FY22, the Company saw a revenue
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As sustainability takes centre stage across industries, companies are forced to reimagine their products to be more eco-conscious. For innovative tech company Sparc Technologies (ASX: SPN), it is an opportunity to fill a market need. So, it has signed an agreement with the Queensland University of Technology (QUT) to develop materials for sodium ion batteries
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The floods witnessed in the first half of 2022 resulted in drowning profits for diversified crop production company Duxton Farms (ASX: DBF). To bring back the revenue, the Company is relying on a range of strategies, one of which entails expanding its farm portfolio through acquisitions. In keeping with that, Duxton Farms has announced the
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Offering some relief for people suffering from prostate cancer, Starpharma (ASX: SPL) might be on the verge of a breakthrough as it announced that its drug DEP® cabazitaxel has shown promising anti-tumour activity data at the European Society of Medical Oncology (ESMO) Congress in Paris, France. The new data from its phase 2 trial reveals
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If you have fever dreams about felons escaping prison and breaking into your home, peaceful nights lay ahead as Government-backed venture builder Strategic Elements (ASX: SOR) has signed an agreement with software industrial company Honeywell to deploy automation and robotics Company Stealth Technologies’ Autonomous Security Vehicles (ASVs) for perimeter security. Stealth will engage exclusively with
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After the Human Research Ethics Committee (HREC) rejected the Company’s flagship drug, EmtinB, knocking back years of research in the process, disappointed CEO and Managing Director, Mr Matt Liddelow, announced that he is resigning from his position immediately. Liddelow noted, “I acknowledge the loss in shareholder value as a result of the rejected Human Research
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What do you do when you lose nearly $100 million in only six months? Re-evaluate everything. That’s exactly what defence, space and communications company Electro Optic Systems (ASX: EOS) is doing as it expresses disappointment in its first half result, losing $98.9 million in six months ending June 30, 2022. The loss is even more
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Before there was Covid-19, viruses like Zika were baffling the medical community and the world, of course. Today, the Zika virus market is worth approximately US$17 billion; yet, it has no treatment. Hopefully, that may not be the case for long as life-sciences company Invion (ASX: IVX) has announced that its patented tech PhotosoftTM has
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Many of our favourite indulgences have a plant-based alternative now, be it meat or milk. Evidently, there is a growing market for plant-based foods, and food companies are all for milking this opportunity. After securing a spot with the first Coles Local launching in Western Australia, regenerative food and agriculture company Wide Open Agriculture Limited
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Every 19 minutes, an Australian suffers a stroke, and every hour that the treatment is delayed, the brain ages up to four years. That paints a rather bleak picture, but that is exactly what biotech company Argenica Therapeutics Limited (ASX: AGN) is addressing as it receives ethics approval from Bellberry’s Human Research Ethics Committee (HREC)
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In a bid to expand its offerings, security services provider MCS Services (ASX: MSG) has acquired Highways Traffic, a traffic management company based in Western Australia. After signing the Binding Terms Sheet in January 2022, the Company has finally executed a purchase agreement which is subject to operational, licensing and financing pre-conditions. The two companies
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Addressing Melbourne’s strained public health system, integrated technology distributor Hills (ASX: HIL) has announced that it will be deploying its Nurse Call technology at the new Footscray Hospital, the single largest health infrastructure investment in Victoria. The Company secured the Nurse Call supply and installation contract valued at $7 million, with an option to continue
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“I just love standing in queues for hours and hours…”, said no one ever. Do you ever just go to events either super early or super late to avoid the lines altogether? Looks like Metricon Stadium has a solution as it signed on sports, leisure and hospitality SaaS technology provider MSL Solutions (ASX: MSL) for
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Clean energy sources are becoming the top priority for companies, no matter the industry. For diversified energy company Botala Energy (ASX: BTE), this is an opportunity to partner with Finnish company Solar Finland to jointly investigate solar power generation projects and establish solar panel manufacturing in Botswana, South Africa. To achieve this, both companies have
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Looks like luxury customers are reviewing their purchases, with fewer people willing to buy a $20 candle to spruce up their space. Home fragrance retailer dusk Group (ASX: DSK) reported a 6.9% decline in revenue on FY21 to $138.4 million. Moreover, the Company’s profit is down over 7% from over $100 million to $93.7 million.
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Fintech company Douugh (ASX: DOU) touts itself as a responsible financial “super app” dedicated to financial wellbeing but they may ironically need to consider their own financial health after reporting a loss of $11.6 million, blaming wasted marketing spend and employee benefit expenses. While they managed to generate $600k in revenue from their super app,
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If you’re planning a getaway after two years of staying put in your city, you’re not alone. Turns out, plenty of people are finally seeing through their travel plans as online travel agency Webjet (ASX: WEB) reports that travel bookings are at 95% of pre-pandemic levels in the first half of FY23. Webjet credits this
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Virtual meetings are getting a makeover with more and more software companies providing translation solutions rooted in artificial intelligence. Most recently, cloud-based call recording software Dubber (ASX: DUB) reported an annual recurring revenue (ARR) growth of 51% to $59 million as businesses jumped on board with its unified recording and conversational AI services. Dubber’s total
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Since February 2022, online luxury retailer Cettire (ASX: CTT) has seen its share price plummet from $2.13 to only $0.88 as of August 30. However, a baffling discrepancy followed as the Company released its financial report, announcing a gross revenue growth of 131% to $287.8 million. All this while, profit fell about 7.5% to $19.06
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Nutritional dairy company A2 Milk (ASX: A2M) might not have qualified to provide baby milk formula in the US, but it definitely succeeded on other fronts, ushering in a double-digit revenue increase of 19.8% to $1,446.2 million with the second half of FY22 up 18.9% on the first half, largely thanks to China. The Company’s
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At a time when we had to re-evaluate our spending on everyday necessities, few compromises were made on the luxury front, with people still willing to spend generously on accessories. For FY22, fast fashion jewellery brand Lovisa (ASX: LOV) reported $548.7 million in revenue, a 59.3% increase on the previous year. The Company’s comparable store
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Looks like more and more people are lawyering up as law firm Slater and Gordon (ASX: SGH) have delivered shareholders a net profit of $2.2 million in FY22. The second half in particular proved a highly litigious few months following a poor first half where it suffered losses worth $7.5 million. Compared to FY21, when
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Australian airline Qantas (ASX: QAN) has been in the news for a myriad of reasons lately. And none of them have been positive. Most recently, the Company reported its third major loss following Covid-19, with the underlying loss before tax amounting to $1.86 billion and statutory loss being over $1 billion. According to the Company,
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Among her first orders of business, EML Payments (ASX: EML) CEO Emma Shand is tasked with explaining to shareholders how the digital payments company fell prey to fraud, amounting to losses of $7.9 million. The fraudulent activity occurred with its Sentenial business some time in August 2022 but only came to EML’s attention on Tuesday
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Spent a lot of time browsing Coles aisles this past year? Turns out, so did many others! The supermarket giant reported a revenue of $39.4 billion, up 2% on FY21. The boost was credited to strong eCommerce performance in Supermarkets and Liquor cycling. The vast majority of these earnings were borne by supermarkets while liquor
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Lowered demand for Covid-related products, supply chain concerns, the Russian war on Ukraine, Sri Lanka’s economic downfall and human rights lawsuits—global safety solutions company Ansell (ASX: ANN) year has been shrouded in problems. And the Company does not expect the impact of these challenges to go away any time soon. Ansell announced sales of US
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To retire comfortably is a dream for many, and retirement village operator Summerset Group (ASX: SNZ) is all about making it come true. The Company has acquired three sites, two in New Zealand and one in Australia, valued at over $600 million, to set up elaborate retirement villages. The New Zealand acquisitions are in Masterton
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Would you buy a sofa priced to the tunes of $5,000? Probably…not. But many Australians are more than willing to, as is evidenced by furniture retailer Nick Scali’s (ASX: NCK) sales of $441 million across FY22. Despite the 18.2% increase in sales compared to last year, net profit after tax fell marginally by 4.9% to
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At a time when many retailers shut stores due to a loss in foot traffic accentuated by the pandemic, retail footwear company Accent Group (ASX: AX1) has reported FY22 revenue of $1.27 billion, driven by their aggressive strategy around new store openings. A return to retail stores in the back half of the pandemic contributed
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A global provider of technology-driven captioning, transcription and translation services, Ai-Media (ASX: AIM) has signed a three-year agreement with global technology giant Google. The deal represents strategic importance, positioning Ai-Media at an impressive position in the corporate world. Following this deal, the Company will become the lead global provider of premium live captioning and translation
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In its yearly earnings report released today, digital property company Domain Holdings Australia Limited (ASX: DHG) announced a revenue uptick of 23% compared to FY21, reaching $357 million. Most notably, the Company’s home loan arm, Domain Home Loans (DHL) delivered a strong performance, underpinned by 9% underlying revenue growth at Consumer Solutions. As the net
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After spending only one month in the market, mining support services provider SSH Group (ASX: SSH) has announced that its fleet-vehicle hire arm Tru Fleet is achieving 80% utilisation of its $5 million worth of site-ready vehicles. Vehicles have been deployed across the Goldfields, Pilbara and the North-West region where SSH is predominantly based. Along
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Canadian seafood company Cooke is set to acquire Australian fish farming giant Tassal Group Limited (ASX: TGR) for $1.1 billion. The Company has entered into a Scheme Implementation Deed (SID) with Cooke Inc. under which Cooke has agreed to acquire 100% of the ordinary shares in Tassal. Should the bid be successful in securing regulatory
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Meal kit delivery service My Food Bag Group (ASX: MFB) is witnessing a slower than expected start to trading in FY23 with meal kit deliveries down 4% in July compared to last year. At the same time, the number of customers have returned to similar levels to 73,145 (in line with the end of July
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Virtual reality tech company xReality Group (ASX: XRG) is set to open its fifth FREAK Entertainment gaming venue with their newest addition to be located in Surfers Paradise on Cavill Avenue, one of the biggest tourist hot spots on Gold Coast, just in time for the busy holiday season. Opening in December 2022, FREAK on
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Following the completion of the first Space Florida innovation program, high tech manufacturing company Mobilicom (ASX: MOB) has been awarded a new $408,000 research and development grant by Space Florida. The grant is for the development of triple link redundancy communications to improve the operation of unmanned platforms, addressing US drone regulations. This would also
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The FDA has deferred further consideration of one of Australia’s top dairy producers A2 Milk’s (ASX: A2M) request to import infant milk formula (IMF) into the United States. Though the application has not been rejected, it is also not close to being approved. Since February 2022, the US has been facing an acute shortage of
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Despite property prices being in a state of volatility amid rising interest rates, that hasn’t halted real estate tech company REA Group (ASX: REA) which reported 26% revenue growth to $1,170 million for FY22 and $408m net profit, a 25% increase. REA largely credits the acquisitions of REA India and Mortgage Choice for their revenue
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Medical device company Medical Developments International (ASX:MVP) has successfully raised $20 million from institutional investors as part of their plans to raise a total of $30 million to fund global expansion plans for its flagship non-opioid painkiller, Penthrox (aka the Green Whistle). Capital raised at the Offer Price of $2.00 per share will be used to
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Medical equipment manufacturing company Allegra Orthopaedics (ASX: AMT) reveals further evidence of safety of its bone regeneration device after completing a large animal study. The animal study was undertaken at SAHMRI-PIRL (South Australian Health and Medical Research Institute – Preclinical, Imaging and Research Laboratories) under good laboratory practice (GLP) conditions. The research has now progressed
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Although there is a global shortage in their products, semiconductor tech company Revasum (ASX: RVS) continues to be plagued by cash flow problems despite delivering a 60% increase in revenue with their struggles being attributed to supply chain problems. The Company revealed a revenue uptick from USD $7.4 million for the half year ended 30
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Death care services provider Propel Funeral Partners (ASX: PFP) has announced the acquisition of two businesses, Community Funerals and Cremation for Pets. The latter acquisition marks Propel’s foray into a new market, that of pet funerals. Every year, Cremation for Pets conducts up to 400 pet funerals. It’s a booming market, with the pet cremation
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