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Jack Cornips
Trading Desk Assistant at Emerald Financial
Jack Cornips
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This medtech company might be on life support but it’s elderly customers can avoid such fate
Access to healthcare is a given in Australia if you live in a big city. Still, remote living is much more burdensome for our rural neighbours if you have a disability or plan to spend your senior years far away from any civilisation. To make it possible for people to live out their tree change
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Bod unveils its latest launch of cannabis treatment
Changes in regulation surrounding marijuana have sprouted a robust medical cannabis market showing no signs of slowing down globally. Currently, the U.S. dominates the cannabis market where the majority of States started adopting the new trend for cannabis treatment in 2012. Australia has been late to the game; we only began easing laws in early
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Satellite data company signs deal with U.S. Navy
Currently, over 8,900 satellites are travelling at 27,000km while they orbit our tiny blue planet. This amount of satellites has increased more than four-fold in the last three years as Companies race to have their technology in our skies. The military capabilities of satellites have been exploited since the first satellite launch in the 1950s,
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Mighty Kingdom drops Ava’s Manor as it shifts focus to more promising adventures
Having to come to terms with hard truths, Mighty Kingdom Ltd (ASX: MKL) today has decided to cut ties with the development of their ‘Ava’s Manor’ video game as it shifts focus to higher-potential projects. Mighty Kingdom initially began co-developing ‘Ava’s Manor’ with its publishing partner, Uken Games, before its launch in November 2020. The
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Delta rolls out drones at Red 5 mines following successful gold pour
Drones-as-a-service provider Delta Drone International (ASX: DLT) has secured a contract with Australian gold producer Red 5 Ltd (ASX: RED) to provide drone powered aerial surveying services to two mines located in Western Australia. The three year contract will see Delta’s drones flying over several mines operated by Red 5’s subsidiary, Greenstone Resources Ltd (ASX:
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Cybersecurity software safeguarding the biggest companies in the Asia Pacific
Collaborating and sharing files remotely has become the new norm as the world records record numbers of employees deciding to work from the comfort of their own homes. Whether it is a large corporation or a small business, sharing files through the net comes with a certain degree of risk. With this, and the vulnerability
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Shifting focus as Healius remains on guidance
With global markets in a lull, the ASX closed slightly higher this week with some optimism. On the other hand, healthcare company Healius Ltd (ASX: HLS) has sunk more than 28% since the start of the calendar year. Today’s 8% sell off can be directly attributed to the trading update that the Company released, where
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Phase II begins for FirstWave’s cyber defence platform
Cyber crimes worldwide have been getting worse as the internet gets better, with reports from the national cybersecurity agency in Australia reporting cybercrimes increasing 13% in 2021, with an incident occurring on average every 8 minutes. As new attack methods and vectors, and the use of sophisticated AI evolve, the average business loss from email
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Now you see me, ClearVue and Nodis powering glass for US Air Force
ClearVue Technologies Ltd (ASX: CPV) and smart glass company Nodis Pte Ltd have signed a collaboration agreement to engineer an electronically controlled window solution for the US Air Force. The Companies have undertaken a first phase evaluation for the US Air Force at Tyndall Air Force Base in Florida trialling Nodis’ dynamic switchable glazing powered
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Nanollose’s bio-materials adopted into $500 billion textile industry
Contrary to what many think, cotton production is not great for the environment. Being one of the most popular materials, cotton is used in nearly half of all textile production and is known as the most profitable non-food crop globally. However, conventionally-grown cotton has proven insufficient for the planet because of its high water consumption
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Blazing clinical trials prove successful to launch new cannabis product
When you think of cannabis treatment, the first compounds that come to mind are THC (tetrahydrocannabinol) and CBD (cannabidiol). With both research and development excelling for both, researchers have discovered other less-known compounds that have significant health benefits. Medicinal cannabis drug development company Bod Australia Ltd (ASX: BOD) has successfully completed a proof of concept
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Scout ramps up home security subscriptions in white-label service
Home security provider Scout Security Ltd (ASX: SCT) has continued to gain momentum announcing increased platform subscribers through its white labelled home security solution. The news comes a few months after the launch of its Kinetic Secure Home product into the US communications market. The Kinetic product is a white-label product that includes a security
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Free weed for the leprechauns as Althea Group enters Ireland
The burgeoning arms of cannabis treatment have made their way to Ireland, with regulators easing restrictions which has increased the amount of qualified retailers. Currently, there is a limited number of cannabis retailers in the Republic of Ireland. Today, Althea Group Holdings (ASX: AGH) has been granted a rare opportunity to enter the Irish cannabis
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Large-scale 3D printer to supply Australia’s power plants
The first iterations of 3D printing can be traced back to the early 1980s, when product designers were on a mission to develop a rapid prototyping system. By coming up with a layer-by-layer method for manufacturing that could process extremely fast with great accuracy, 3D printing was able to evolve into something that the everyday
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Plenti to come, Plenti to see
With the economic environment in the midst of raising interest rates and central banks attempting to dampen inflation, investors have been keeping an anxious eye on Australian lenders to see who will hit profitability sooner and avoid bad debts arising from raised rates. With this in mind, loan-only businesses have been racing to scale up
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MPower acquires Lakeland in $8m deal
Australia’s renewable energy company MPower (ASX: MPR) has continued to accelerate growth, with them announcing that they’ve entered a Share Purchase Agreement with Kawa Australia Developments Pty Ltd to acquire the Lakeland Solar & Storage Project which is located in Cooktown Shire, North Queensland. The transaction will be worth $8m – with the Project expected
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ASX blockchain project stumbles…again
The ASX blockchain-based replacement for its clearing and settlement system CHESS has been delayed yet again this week for the fourth time. The major project undertaken by the ASX five years ago is still showing no signs of completion. Followed by delay after delay – it appears that this is one of the longest and
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Delta Drones granted rare operating licence for commercial drone services
Initially used primarily by the military and the average hobbyist, drone technology has been refined for commercial applications. There have been use cases in wildlife conservation, security to conduct surveillance and increasing interest from logistic providers as a courier service. Lately, there has been elevated interest from the mining and agricultural industry in obtaining aerial
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Airtasker locks in purchase agreement with OneFlare
Have you ever wanted to paint your walls or pull the weeds out of your garden, and you just can’t be stuffed? Australia’s No.1 marketplace for local services, Airtasker (ASX: ART), allows you to delegate your laziness for a fee to strangers that want to get the job done for you, basically the Uber of
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Vection Tech removing the green screen with virtual reality
Most of today’s cutting edge films were made with technology that didn’t exist in the early days of cinema. From the classic black and white movies to the now CGI heavy films, there have been giant leaps forward in how we produce films. Taking us to the next step, Australian tech company Vection Technology (ASX:
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Meta Platforms returns to user growth
Social media giant Facebook and its parent company Meta Platforms issued quarterly results reflecting that daily active users (DAU) were finally making a comeback. This pleased investors, which saw shares rise about 18% in after-market trading, with the stock sitting at $207 per share. After leaving investors wary that Meta was losing momentum in the
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Atomos seeks subscription revenue with new cloud video products
With the world balancing out their work at home life with days in the office, professional video editors and content creators have struggled to decide where to edit their videos. If you edit your videos at home, it is almost impossible to go to work and finish editing because of the difficulties in sharing a
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Bagging the past, SECOS are moving forward with biodegradables
Australia’s move to ban plastics from slowing down the environmental impact of humans has gained momentum in the last few years. Plastic bags at your local Coles or Woolworths were removed in 2018, then just last year, single-use straws were phased out of existence – as a result, your milkshake now has a cardboard straw
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Little Green Pharma locks in major sales agreement with German cannabis company
Australian medical cannabis company Little Green Pharma (ASX: LGP) has reached a major offtake agreement with Demecan to distribute cannabis products across Germany. With the German medical cannabis market estimated to be worth €7.7bn (A$11.2bn) by 2028, this opportunity marks a massive milestone for the Company. In July 2021, LGP acquired a world-class cultivation site
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Affiliate marketing company iSynergy taking leaps in new technology development
Affiliate marketing has proven to be very profitable and helpful for businesses to get products out the door and into the mind of buyers. Many companies worldwide are using it right now to grow their business by referral with incentive. iSynergy (ASX: IS3) steps into this scene with a developed online network that bridges the
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Emerge Gaming hits 1 mil new subscribers for MTN Arena following 3 month suspension
With the recent popularity of the Metaverse – the internet is turning into a 3D reality, making all other forms of the internet on the path to being obsolete. Game developers have been competing to be at the forefront of design and development to create products that fit into this new world. Emerge Gaming (ASX:
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K2 shares Fly as Maptek acquires strategic stake verging on takeover territory
The Australian landscape is dominated by extensive miners all over the continent, so making sure that their operations and reporting run smoothly becomes a vital part of their existence. K2fly (ASX: K2F) steps into this scene as a leading provider of platform-based SaaS cloud solutions to some of the largest miners, including Rio Tinto, Fortescue
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Un-Z1P your pants and dip into this
There has been a monumental shift within the buy now, pay later scene with companies consolidating in a recent blitz of mergers and acquisitions. Confidence in this sector has been diminishing as big players like Z1P (ASX: Z1P) have come back to earth, falling as much as 90% since their all-time highs. Following the Block
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Tabcorp demerger: Lottery industry set for shake up as Jumbo founder sells down
In August 2021, Tabcorp (ASX: TAH) and Jumbo Interactive (ASX: JIN) formalised a long-term extension of their reseller agreement which would enable Jumbo to continue selling lottery tickets online through their OzLotteries platform. Following on from that, Jumbo reported almost 200k new active customers which took their total to 836k with business appearing to be
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Gladiator and Zeus join forces with MSA Group for Tanzanian Uranium exploration
As the rest of the world distances themselves away from Russia, we have witnessed an economic impact that has caused various commodities prices to spike amid ideological decisions by Western nations to scale down their dependency on Russian supplies. One of those commodities is uranium, whose spot price is one of its most bullish runs
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Kicking goals on all fronts, Catapult extends AFL Champion Data deal by three years
Sports data and analytics company Catapult Sports (ASX: CAT) is set to expand its relationship with Champion Data in a three-year deal to supply the Australian Football League (AFL) with performance analytics. After advancing their Vector SaaS technology with applications in NFL and soccer, Catapult is now increasing its service for Australia’s most popular sport.
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A tale of investment advice, Equity Story seeks $4.5m for IPO chapter
In an IPO slated to list on 18 March 2022, Equity Story Group (proposed ASX code: EQS) is looking to raise $4.5 million to fund their expansion in the burgeoning share market education and investment advice space, coming up against industry stalwarts like Eureka Report, Switzer, Halo Technologies, and Motley Fool. Equity Story is differentiating
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Investment Platformer Halo Technologies heads for IPO
Australian fintech company Halo Technologies is preparing to list later this month, aiming to raise up to $40 million at an issue price of $1.20 per share. Halo operates in the global wealth management industry, assisting retail and wholesale investors to analyse and manage investments through software solutions. Founded in 2017, the Sydney and Melbourne-based
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Damstra tech partnered to assist with Melbourne’s North East Link upgrade
Melbourne-based Damstra Technology (ASX: DTC) has been appointed as a tech partner on one of Victoria’s most extensive road projects, led by Spark Consortium. Damstra is a global technology company that operates various software products that assists with security and communications for mining, construction, government and education industries. Spark Consortium comprises eight different partnerships contracted
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Wisr locks in 22nd consecutive quarter of growth, revenue increases 163%
Big 4 backed non-bank lender Wisr Limited (ASX: WZR) reported revenues of $26.2 million, which grew 163% from $10 million recorded in the previous corresponding period (pcp), driven by new funding partners and a surge in auto lending and personal finance. Having now achieved 22 consecutive quarters of growth, the Company is on track to
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Putting the Block in blockchain
While blockchain technology is still a mystery for most people today, many companies are taking advantage of the opportunity and are jumping on board. Bitcoin has transitioned from being used by deep web nerds and online drug dealers to being a facilitator of payments and currency that millions of people assume to be the future
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Woolworths wage rort bill now upwards of $500 million
One of Australia’s largest supermarket chains, Woolworths Group (ASX: WOW), has admitted that staff underpayments have accumulated over half a billion dollars following their ‘end-to-end payroll review’. It may not be the end of it though, as they warn more discrepancies may be found. To assure that their staff and employees are receiving their rightful
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Coles investing $150m in robots to replace your child’s first job prospect
Bad news has gone hand-in-hand with supply chains these days, with shortages of everything from computer chips to toilet paper. But in better news, more companies are innovating fixes that could help prevent these kinds of disruptions from becoming the new normal. One company taking the lead via new technology is Coles Group (ASX: COL),
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BlueScope Steel posts best earnings in its history
Australian-based steelmaker BlueScope (ASX: BSL) has posted its best first half-year performance in its 20-year history. The earnings were bolstered by increased demand from building and construction in the US and Australia for steel, which has delivered significantly higher margins, reflecting the higher iron ore market. The Company booked a net profit after tax of
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ViacomCBS to re-brand as Paramount, targets 100 million streaming customers by 2024
For more than a century, the name Paramount has been synonymous with some of the world’s most well known cult classics and even pioneered through the Golden Age of Hollywood. In a surprise move this morning, ViacomCBS (NASDAQ: VIAC) in the US revealed that it was officially changing its corporate name to Paramount Global, or
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NFTs explained, how ASX-listed companies are minting NFTs in lieu of capital raises
If you are a Melbournian, you will remember about nine years ago when you walked through Flinders St Station and heard a song to the tune of “set fire to your hair” and “poke a stick at a grizzly bear” along with this, you would have been inundated with humanoid looking ‘bean’ characters posted everywhere
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Blackstone locks in $8.9bn takeover offer for Crown Resorts
US private equity firm Blackstone Inc. has won the bidding war to acquire Crown Resorts (ASX: CWN) in a massive $8.9 billion takeover offer. Through this agreement, Blackstone will purchase all shares in Crown for a price of $12.50 per share through a Scheme of Arrangement. This offer is higher than the previous bid submitted
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What caused Meta shares to plunge?
Facebook, now Meta, is the company everybody loves to hate. With that in mind, it’s easy to see why the events last week brought such delight to many people. Meta’s market cap dropped by 26%, erasing USD $240 billion worth of value – this was the single most significant market cap drop in history for
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Jade Gas Holdings strikes deal with Mongolian Government to drill for gas
Mongolia has an abundance of coal deposits, making it the subject of significant exploration for coal bed mining, also known as coal seam gas (CSG). Despite this, the nation depends on two neighbours, Russia and China, for energy supplies, which means CSG development is quite valuable for the country’s energy independence. With record gas prices
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Little Green Pharma to demerge its medicinal psychedelics business
There is an increasingly growing body of research globally into the use of psychedelic medicines to treat various health conditions. To date, this research has produced highly encouraging results and has promoted the development of an extensive psychedelic industry, which has kicked off in North America and the United Kingdom. The industry has now made
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Interest rates creating tense competition for the Big Four
After the Reserve Bank of Australia (RBA) announced that they were not increasing interest rates, banks are starting to feel less optimistic about the economy. Australia and New Zealand Banking Group (ASX: ANZ) has unveiled an essentially flat quarterly update today, following a similar update from Westpac (ASX: WBC) last week, saying net interest margins
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Investors bullish on Amazon with price increase for Amazon Prime coming
Weeks after Netflix raised its subscription prices, Amazon (NASDAQ: AMZN) is set to jump on the bandwagon and bump up the cost of its Amazon Prime membership, which was announced alongside its December quarter earnings as investors responded well to the margin hike. The cost of an Amazon Prime membership, which gives the customer free
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Shares drop 24% aftermarket, is Meta the next quarterly earnings pariah?
The social media giant Meta Platforms (NASDAQ: FB), formerly known as Facebook, issued disappointing guidance for the first quarter in addition to also falling short on its previous quarter user numbers and profit, leaving investors curious about the future of the company. Pivoting from the classic Facebook website and app, the Meta rebrand aims to
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Veris sells mining infrastructure company Aqura Technologies to Telstra
Cashing in on a business they have been incubating since 2016, microcap surveying company Veris (ASX: VRS) has reeled in a big fish via their sale of telecommunications subsidiary Aqura Technology to telco powerhouse Telstra (ASX: TLS) for $30 million. The $30m sale represents approximately 98% of Veris’ market capitalisation prior to the announcement. Since
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Console wars heating up as Sony acquires Bungie in $3.6bn game development coup.
Following last week’s blockbuster acquisition that saw Microsoft Corp acquire Activision Blizzard for USD $69 billion, Sony Interactive Entertainment matched it with their own takeover, acquiring independent game developer Bungie for USD $3.6 billion. Upon settlement of the acquisition, Sony will have exclusive access to one of the most popular first-person shooter games which can
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Apple beats expectations adapting to the global supply chain issues
Apple Inc. (NASDAQ: AAPL) exhibited their first quarter results on Friday, beating out analyst expectations, showing that the tech giant was able to navigate the global supply chain issues and profit off their new products, including the iPhone 13, new MacBooks, and the Apple Watch Series 7. Sales for the first quarter ending December 25
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Kogan.com shares crunched as supply chain woes accelerate downward spiral
Despite the massive surge in online shopping brought upon by the pandemic and subsequent lockdown restrictions, the market has not reacted well to an update from online retailer Kogan.com (ASX:KGN) whose shares tumbled amid profit downgrades. With supply chain disruptions crippling global commerce, some retailers have had a hard time sourcing inventory but in the
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Caught out by stakeholders, Rio Tinto settles Mongolia class action waiving $2.4bn and more
Despite Rio Tinto (ASX: RIO) originally saying the class action lawsuit brought against them over their Mongolian copper-gold project had no merit, the mining giant has agreed to settle the suit acknowledging that they hadn’t disclosed massive costs and delays for the project Rio Tinto operates the Oyu Tolgoi mine in Mongolia via its Canadian
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BetMakers extends data rights for fixed odds betting on New Jersey horse racing
Wagering tech company BetMakers Technology (ASX: BET) is in the midst of sparking a fixed odds revolution in the US with licenses and partners now in place to introduce fixed odds betting in the State of New Jersey for horse racing. The exclusive rights to offer fixed odds betting in the State was granted by
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A loose FAANG in the mouth of American tech
Investors kept a keen eye on the tech sector overnight as Netflix (NASDAQ: NFLX) released their fourth quarter results with the lasting impact of a pandemic tipped towards the online streaming behemoth. Netflix has been crowned as one of the most benefited ‘stay-at-home’ stocks during this post-pandemic world, but their reporting outlook proved otherwise. The
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Zip blocks out external noise with record revenue as Aussies BNPL over the holiday season
Cashing in on the busy retail season, buy-now-pay-later company Zip Co (ASX: Z1P) set a new quarterly record as Australians use the popular app over the past few months leaving repayments as a matter for future-self. With interest picking up around their platform, they have signed on 10 million new customers and a total of
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Microsoft locks in deal to acquire gaming giant Activision Blizzard
Microsoft Corporation (NASDAQ: MSFT) is set to acquire Activision Blizzard Inc., one of the world’s largest game developers and interactive entertainment publishers. The proposal is for US$95 per share, valuing the transaction at US$68.7 Billion. As the younger generations get older and become more enveloped in a virtual life where everybody is connected through either
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